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Prosperity Commons

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NC Growth & Development Initiative, Inc. · Board of Directors · Organizational and Regular Meeting
Thursday, October 8, 2026 · 7:00 PM · First Formal Meeting of the Board · Hard stop 7:45 PM
The Program

At a Glance

14
VA GPD beds authorized, Building 1
$128.64
Approved per diem, per bed-day
~$526K
Annual revenue at 14 beds, 80% occupancy
Dec '26
Target: 6 beds activated
Mar 30 '27
All 14 beds activated (VA deadline)
10
Resolutions for vote tonight (6 deferred)

What tonight does

This is the first formal meeting of the NCGDI Board. Part A constitutes the board: confirms directors, elects officers, adopts bylaws and a conflict of interest policy, and ratifies everything done to date. Part B governs the program: adopts the policy library, approves the Clinical Director agreement, approves the lease on the building, and authorizes the filings needed to open.

Where Prosperity Commons stands

1242 W. Academy Street, Winston-Salem. A renovated triplex with two upstairs units at 3 beds each and an 8-bed accessible walk-out unit below. VA inspections opened October 1. The target is 6 beds activated in December 2026 and all 14 by March 30, 2027. Sprinklers are the gate for December; zoning and clinical contracts follow close behind.

Please bring: your signed Conflict of Interest Disclosure. Dr. Diakabanzila, please also bring the signed 38 C.F.R. § 61.80(e) attestation. Both forms are in the Documents section.
October 8, 2026

Meeting Agenda

TimeItemLead
7:00Call to order, roll call, quorum, approval of agendaJ. Powell
7:03Part A as one block. Resolutions 01 to 06: confirm directors, elect officers, adopt Bylaws, conflict of interest policy and disclosures, ratify prior acts, fiscal year and Truist accounts. Chair presides from 02 forwardJ. Powell, then Chair
7:13ED report, short form. VA timeline, per diem, sprinklers, zoning, tomorrow's liaison meeting. Clinical Director joinsJ. Powell
7:21Resolution 07. Adopt the policy library. Clinical Director speaks to itChair
7:26Resolution 08. Clinical Director agreement and compensation. Clinical Director steps out. Treasurer reads Schedule 8-A ED abstainsChair
7:36Resolutions 12, 13, 14 as one block. Per diem refile, zoning filings, § 61.80(e) compositionChair
7:41Set Meeting 2 date. Adjourn by 7:45Chair
Deferred to Meeting 2 (within two weeks): Resolution 09, Lease A, voted with the comparability data in hand; the Finvy decision; and the Executive Director agreement. By written consent tomorrow morning (Bylaws § 4.7): Resolutions 10, 11, 15, 16, unless any director asks for a meeting.
Directors and Officers

The Board and what each person brings

DirectorRoleProposed officeDisclosed interest
James W. Powell Jr.Executive Director (ex officio)Executive DirectorPrincipal of CGH (landlord); Trustee of the Powell Family Trust. Recused: Lease A Abstains: Res. 08
Rena BunnsNonprofit governanceChairReal estate client of Carolina Growth Realty, unrelated matter
Ronald BuchananFinancial oversightTreasurerOwner of Finvy (financial literacy platform). Finvy adoption deferred
Kiyara StrangeNursing studentSecretaryNone
Kelly StillsonOperationsPossible future CGH investment; would recuse from CGH matters from that date
Owen BurneyGeneral contractor, 35 years public projectsBurney & Burney; NC RENEW partner. Recuses from any NCGDI contract with his firm
Nathaniel DavisHousing developerDavis Construction; NC RENEW partner. Recuses from any NCGDI contract with his firm
Trina Diakabanzila, Ed.D.Veteran with lived experience of homelessnessNone. Satisfies 38 C.F.R. § 61.80(e)

Quorum: 5 of 8. For Lease A, all seven non-ED directors are disinterested as of tonight and may vote.

For Vote Tonight

Sixteen Resolutions ten tonight, six deferred

Part A: Organizational

No.ResolutionVoting
01Confirmation of eight directorsAll vote
02Election of officers: Chair Rena Bunns, Treasurer Ronald Buchanan, Secretary Kiyara StrangeAll vote
03Adoption of Bylaws (new; none existed)All vote
04Conflict of interest policy, receipt of disclosures, Finvy adoption deferred to next meetingAll vote
05Ratification of the Executive Director's prior acts (GPD application, award acceptance, eGMS, contractors, website). Excludes CGH transactionsAll vote
06Calendar fiscal year; Truist Bank accounts; ED and Treasurer as signers; dual approval above $10,000All vote

Part B: Program

No.ResolutionVoting
07Adopt the nine-document policy and procedure library as official NCGDI policyAll vote
08Clinical Director Agreement and compensation, Orrin A. Bynes, LCSW. $100/hr as needed, converting to $80,000 base at full activation, bonus up to $20,000 tied to inspection, compliance, and placementsED abstains
09Lease A, CGH to NCGDI. $3,000/month base plus $300 per occupied bed. Voted with comparability data in hand. Chair signsMeeting 2 ED out of room
10ED contracting authority within budget, up to $50,000 per contract, no related parties. Approves Dr. Brown-Ramseur agreementWritten consent
11ED as Interim Program Director; Clinical Director co-signs every dischargeWritten consent
12Accept $128.64 per diem; refile on 14 beds; request 6-bed partial activationAll vote
13Zoning filings: Family Group Home A permit (6 beds), Family Group Home C site plan (14 beds)All vote
14Board composition under 38 C.F.R. § 61.80(e); file Dr. Diakabanzila's attestationAll vote
15Continue Self-Help Credit Union discussions; no commitment without a further voteWritten consent
16Donations only through NCGDI channels; complete separation from any CGH investment activityWritten consent

Full text with WHEREAS clauses and motion lines is in the Board Packet (Documents).

Executive Director Report

Where We Are

VA Grant and Per Diem

AwardFAIN NCGD063-7665-659-PD-27, Salisbury VAMC
StatusConditionally selected; final award anticipated on inspection
Beds14 (reduced from 16 on liaison guidance). Rate refile needed
Per diem$128.64 ($128.21 base + $0.43 HMIS)
LiaisonMonique Reynolds, MSW, LCSW. TEAMS meeting Fri Oct 9, 11:00 AM. Board members welcome
PaymentMonthly in arrears, assume ~60 days

Building 1

LayoutUpper: two units, 3 beds each. Lower: 8-bed accessible walk-out. Basement: offices
SprinklersNFPA 13D required by § 61.80(a). One quote in hand (2 of 3 units, water service excluded, expires 10/31). Five additional installers being contacted
Fire MarshalMichael Morton, R-4 Condition 1 classification
ZoningRM-18. FGH A (6 beds) by zoning permit; FGH C (14 beds) by Planning Board site plan, target December
LicensureVA GPD supportive housing; onsite clinical services under review with DHSR and counsel

Clinical Team

Clinical DirectorOrrin A. Bynes, LCSW, LCAS-A, EMDR Trained Therapist. Agreement for approval tonight
Specialty clinicianDr. Wanda Brown-Ramseur, LCAS, CCS. Per-session, capped at $1,500/mo rising to $3,000. Terms sent
Peer supportParis Morison, certification October 2026
MAT prescriberPMHNP candidates in screening
Policy libraryNine documents complete, published to staff portal, sent to VA liaison

Money

Revenue, 14 beds~$526,000/yr at 80% occupancy
Budget, 14 beds~$709,500/yr. Gap ~$183,500 to be closed by fundraising, grants, and phasing
Minimum 6-bed plan~$349,000/yr against ~$225,000 revenue
Cash trough~$100,000 to $168,000 before per diem catches up
DonationsGoogle Ad Grant campaign live; ncgrowth.org/donate
Self-HelpUp to $10M indicated for later phases. Deferred until after activation
Resolution 08 Support

Compensation Comparability Schedule 8-A

SourceFigureNotes
Healthstar Community Care, Clinical Director (LCSW/LCMHC), Charlotte NC, 2026 posting$90,000 to $105,000Community behavioral health, adults with SMI and co-occurring SUD
Advocates, Inc., Clinical Director, residential SUD services, MA, 2026 posting$88,000 to $92,000Nonprofit, state-funded residential program
Embark Behavioral Health, Clinical Director, residential treatment, VA, 2026 posting$90,000 to $100,000Residential, independent license plus supervisor status
Payscale, Clinical Director, Greensboro NC$68,400 averageSix profiles, 2023. Local floor
BLS OEWS May 2025, NC, Social and Community Service Managers (11-9151)Median $79,590; mean $85,690; 75th pct $99,770Management comparator
BLS OEWS May 2025, NC, Mental Health and Substance Abuse Social Workers (21-1023)Median $58,210; mean $59,880; 90th pct $79,720Practitioner comparator
NCGDI proposal$80,000 base; up to $100,000 with full bonusBase at BLS manager median; below posted range. Full bonus total at 75th percentile. Bonus never tied to occupancy or billing
The record supports a finding of reasonableness. The Treasurer reads the BLS figures into the minutes; the Secretary records the vote and the Executive Director's abstention.
Resolution 09 and Related-Party Procedure

Lease A Meeting 2, with the comparability data in hand

Terms before the Board

LandlordCarolina Growth Holdings, LLC (owned by the Powell Family Trust)
TenantNCGDI
Rent$3,000/month base plus $300 per occupied bed per month
TermNot less than 20 years
ConditionsComparability data: three comparable group care or supportive housing leases, Treasurer's 2 CFR 200.465 cost-of-ownership calculation, and as-is residential comps. Lender's refinance appraisal added to the record on receipt, with a downward-only rent true-up if it concludes a lower market rent. Counsel review; lease permits full VA compliance
Signer for NCGDIChair

Procedure, step by step

  1. Mr. Powell states his interest on the record and leaves the room. Secretary notes the time.
  2. Chair presides. Board reviews the lease summary and the three comparability exhibits.
  3. Directors discuss whether terms are fair, reasonable, and no worse than an unrelated landlord would offer. Reasons go in the minutes.
  4. Motion, second, vote. Seven eligible voters.
  5. Mr. Powell returns. Secretary notes the time and informs him of the result.
This documentation is what makes the IRS rebuttable presumption of reasonableness available under Treas. Reg. § 53.4958-6. Skipping any step weakens it.
October 2026 to March 2027

From Tonight to Activation

WhenMilestoneStatus
Oct 8Board constituted; policies and Clinical Director approved; per diem, zoning, § 61.80(e) authorizedTonight
Oct 9VA liaison meeting, 11:00 AM TEAMSTomorrow
Oct 9 to 16Written consent on Res. 10, 11, 15, 16; sprinkler bids in; comparable leases and cost-of-ownership calculation gatheredIn motion
Oct 17Sprinkler installer selected and signed, with a committed completion dateTarget
Oct 24FGH A zoning permit; clinical agreements signed; Meeting 2 (Lease A, Finvy, ED agreement)Target
Nov 14Upper-unit sprinklers complete, flow test passed, fire marshal sign-off. The gate for DecemberCritical
Nov 21CO on upper units; beds, rated curtains, lockable storage in; 24/7 staffing roster; HMIS live. Request VA inspectionTarget
Dec 1 to 5VA inspection of Building 1 upper unitsTarget
Dec 8 to 196-bed partial activation; first admissions. Planning Board hearing on FGH C site planGoal
Jan to Feb 2027Per diem refiled at 14 beds; lower unit sprinklers and finish; packet to local VA leadership (late Feb)Target
Mar 30, 2027All 14 beds activatedHard deadline
After Tonight

Next Steps. Who Does What.

Chair (Rena)

  • Sign Lease A once the comparability data and counsel review are in
  • Approve minutes with the Secretary within 7 days
  • Set the November meeting date

Treasurer (Ron)

  • Open the Truist account with the ED; set dual approval
  • Prepare the 2 CFR 200.465 cost-of-ownership calculation for Lease A
  • Stand up the Finance Committee
  • Finvy: gift letter with FMV, or two comparables, for November

Secretary (Kiyara)

  • File signed disclosures, § 61.80(e) attestation, and Bylaws certificate
  • Draft minutes with recusal times and comparability data referenced
  • Maintain the board roster

Executive Director (James)

  • Sign Orrin's and Dr. Brown-Ramseur's agreements
  • Send adopted policies to the VA liaison with the resolution date
  • File FGH A permit; request use determination; collect sprinkler bids
  • Gather three comparable group care or supportive housing leases (Kelly to assist); add the lender's appraisal to the record when it arrives
  • Bring an ED agreement to the November meeting
Resource Library

Board Documents

Lease A summary and the comparability exhibits will be added here before the Chair signs.