NSFRE publishes updated code of ethics

 37 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 23 January 2000 | News NSFRE publishes updated code of ethics The US National Society of Fundraising Executives has published an amended version of its code of ethical principles.The NSFRE has updated its Code of Ethical Principles and Standards of Professional Practice. The code applies to NSFRE members and those holding certifications granted or sponsored by NSFRE while they are engaged in engaged in raising charitable gifts for philanthropic, not-for-profit organisations. The original code was adopted in November 1991.The code is well set-up. In addition to stating the various standards and principles, the code includes several examples each of the code in practice and examples of unethical practice. Standard 6, for example, states that “member recognise their individual boundaries of competence and are forthcoming and truthful about their professional experience and qualifications. ” Standard 14 states “members shall give donors the opportunity to have their names removed from lists that are sold to,rented to, or exchanged with other organisations.”Standard 16 tackles the perennial issue of whether fundraisers should work on a percentage or commission basis. NSFRE, like the UK’s Institute of Charity Fundraising Managers, comes down against the practice. The NSFRE code states that “members shall not accept compensation that is based on a percentage of charitable contributions; nor shall they accept finder’s fees.”There are 18 standards, together with five appendices which include details such as how to register a query about a possible violation of the code and an NSFRE complaint form.www.nsfre.org AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: ethics Law / policy About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more

Pro bono legal advice for 30+ charities from Axiom

first_imgPhoto: Pro bono by marekuliasz on Shutterstock.com AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 Howard Lake | 13 February 2015 | News Pro bono legal advice for 30+ charities from Axiom London-based charity and social enterprise clients of Cause4, the “disruptive philanthropy” agency, are to receive pro bono legal services support from Axiom, the global provider of tech-enabled legal services.The initiative is part of Axiom Engage, the firm’s CSR programme, which is active in the USA. It will result in Axiom staff sharing their skills with charities and social enterprises, but also benefiting from training through volunteer opportunities.Axiom’s staff will also be encouraged to undertake training to become charity Trustees as part of Cause4’s Trustee Leadership Programme, in partnership with financial services firm Close Brothers.Nick West, Managing Director of Axiom UK said:“We have an incredible range of legal talent at Axiom, but our team also consists of highly-skilled experts in business and operations, so we were keen to find a partner who could benefit not only from pro-bono legal advice, but from a whole range of business expertise. Partnering with Cause4 has enabled us to create a programme which includes pro-bono legal advice, mentorship opportunities and an industry-unique charity Trustee training programme.”Michelle Wright CEO of Cause4 added: Advertisement  45 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: corporate Corporate Social Responsibility London pro bono “We are excited to be working with Axiom on a variety of charity sector change projects that I believe will bring a fresh outlook to the legal and project management needs of charities in the UK.”Part of a larger partnershipThe new pro bono legal clinic for Cause4 charity and social enterprise clients in London, is just part Axiom’s investment in sector-wide initiatives with Cause4.   Other upcoming activities include “major catalytic philanthropy projects” and “a new international digital offering for the charity sector”.last_img read more

Head of commission probing murders of journalists returns home after two weeks of forced exile

first_img RSF_en to go further News Another journalist murdered in Haiti HaïtiAmericas News Help by sharing this information November 14, 2019 Find out more Follow the news on Haïti HaïtiAmericas Journalist shot dead amid anti-government protests in Haiticenter_img President of an independent commission probing murders of journalists, Joseph Guyler C. Delva, forced by repeated death threats to leave the country suddenly two weeks ago, returned to Port-au-Prince on 25 November.Delva, who presides the Independent Commission for Supporting Investigations into Murders of Journalists (CIAPEAJ) fled on 9 November after being chased by a gang of unknown men in the Pétion-Ville district of the capital. He went first to the Dominican Republic and from there to Florida. On his return to Haiti, he was greeted by Claudy Gassant, public prosecutor in Port-au-Prince, from whom Delva said he had obtained “a formal promise from the President of the Republic, René Préval, to protect his safety”. The journalist repeated at a press conference yesterday his conviction that Senator Rudolph Boulos was the man behind the threats made against him. He added that Boulos was the holder of a US passport, despite the fact that the 1987 Haitian Constitution bans dual-nationality.Delva also suspects the senator, and the police commissioner Daniel Ulysse, of “blocking” the investigation into the 3 April 2000 murder of Jean Dominique, head of Radio Haiti Inter, a case that is being probed by the CIAPEAJ. Delva said the examining magistrate, Fritzner Fils-Aimé had issued a summons which had never been acted upon against Daniel Ulysse, and that Rudolph Boulos refuses to respond to any judicial summons.—–20.11.07 – Head of panel set up to help probe murders of journalists flees country after being threatened and followedReporters Without Borders voiced concern today that a leading Haitian journalist, Joseph Guyler C. Delva, had to leave the country, on 9 November, after getting repeated death threats since 25 October and then being followed.“The forced departure of a journalist committed to his profession shows the continuing importance of the fight for press freedom in Haiti,” Reporters Without Borders said. “Delva has had to go into self-imposed exile three months after being put in charge of a commission that is mean to combat impunity in cases of murders of journalists.”The press freedom organisation added: “This episode could not have been more untimely. We express our support for this journalist and his family and we call on the authorities to quickly shed light on the threats and intimidation that led to his hurried departure.”Delva found himself being followed while driving in Port-au-Prince on the evening of 5 November. He stopped several times to make sure he really was being followed. “When he pulled into a service station to fill up, those following him also stopped,” Reporters Without Borders was told by Jean Wilner Morin, the spokesman of the Independent Commission for Supporting Investigations into Murders of Journalists (CIAPEAJ), which Delva heads.“Some of them got out of their vehicle and walked towards Delva’s car,” Morin said. “Very alarmed, Delva set off again in his car and, after seeking help at the Pétion-Ville police station, police officers escorted him home.” On the advice of his family, he decided to leave for the United States for the time being. The CIAPEAJ was created on 10 August at President René Préval’s initiative with the aim of helping the authorities to combat impunity in a series of murders of journalists in recent years. Reporters Without Borders has been told that Delva’s role at the head of the commission was probably not the sole reason for the threats against him. The Haiti correspondent of several foreign news media, including the BBC and Reuters, and the host of a news programme on Mélodie FM, a Port-au-Prince radio station, Delva had referred to sensitive issues on the air, including the case a senator who allegedly has dual US and Haitian citizenship, which is illegal under the 1987 constitution.Delva got two anonymous calls on his mobile phone on 25 October in which he was warned: “You had better watch out, because we know where you are and we are going to get you.” Violence against the press in Haiti: RSF and CPJ write to Minister of Justice Receive email alerts June 11, 2019 Find out more November 27, 2007 – Updated on January 20, 2016 Head of commission probing murders of journalists returns home after two weeks of forced exile News October 11, 2019 Find out more News Organisation last_img read more

Overview of media freedom violations of past few days

first_img May 18, 2021 Find out more Harassment of Algerian reporters intensifies in run-up to parliamentary elections SYRIA The trial of Kurdish blogger Kamal Hussein Sheikhou, a student at Damascus University’s faculty of literature, began yesterday. Sheikhou, 32, was arrested at the border on 23 June 2010 as he tried to enter Lebanon using his brother’s passport.The author of many articles on the All4syria website, Sheikhou is charged with “publishing information defaming the nation.” He began a hunger strike on 16 February in protest against conditions in Adra prison. Several Syrian human rights groups have reported that his health has deteriorated a great deal and that he had to be hospitalized for several days. The court adjourned the trial until 14 March.Reporters Without Borders is concerned about Sheikhou’s health and calls on the authorities to release him immediately on medical and humanitarian grounds.The government news agency SANA reported yesterday that President Bashar al-Assad had pardoned 200 prisoners held for minor crimes as well as some elderly and ill detainees. The amnesty, which does not concern political prisoners, was announced on the eve of the anniversary of the start of Baath Party rule in Syria.Thirteen imprisoned human rights activists, including the lawyers Haytham Maleh and Anwar Bunni, meanwhile announced yesterday that they had begun a hunger strike to demand the end of “oppression” in Syria.Reporters Without Borders has meanwhile learned of the death Kareem Arbaji, a blogger who was arrested by military intelligence in July 2007 for helping to run the online forum Akhawia and was sentenced to three years in jail by a state security court in Damascus in September 2009 on a charge of “publishing mendacious information liable to weaken the nation’s morale.”He was freed in January 2010, after representatives of the Christian church in Syria addressed a request to the president’s office for his early release on the grounds that his father was in very poor health. The authorities had been harassing him again for some time and he suffered a stroke on 5 March while in Lebanon. He was 31. Algeria : Reporter jailed after covering Tuareg protests in southern Algeria IRAQI KURDISTAN The premises of radio Dang (Voice) in Kalar, a town 160 km south of Sulaymaniyah, were ransacked and badly damaged by soldiers at dawn on 6 March. The station had received threats, owner Jaza Muhammad told Reporters Without Borders. “But we thought these threats were just designed to silence us, so that we would not refer to the situation in the Kurdistan autonomous region and to the demonstrations in Sulaymaniyah and Kalar,” Muhammad said. “We never imagined that we could be the victims of so much violence. The equipment was either seized or vandalized.”Muhammad added: “Our premises are located right next door to the police station and the office of the Asayesh (intelligence services), so we never thought of giving the station more protection. We had just one security guard, who was kidnapped while the gunmen were demolishing everything inside.”Created in 2009, Dang was Kalar’s only independent radio station. The owner has filed a complaint and the town’s mayor has demanded an investigation.The attack on Dang was preceded by a criminal raid on Naliya Radio and Television (NRT), a satellite TV station, on 20 February in Sulaymaniyah and an arson attack on the building that houses KNN, another TV station, on 17 February in Erbil (see the open letter to Massoud Barzani, the president of the Kurdistan Regional Government). Shaswar Mama, an NRT reporter in Raniya, received death threats on 6 March. “Someone called me on my mobile phone and told me to stop covering the demonstrations or else I would have to start being scared of my own shadow,” he told Reporters Without Borders.Demonstrators used violence yesterday to prevent Kurdsat TV journalists from filming a protest in Sulaymaniyah’s Freedom Square, accusing the station of biased coverage of their demonstrations. Kurdsat is operated by the Patriotic Union of Kurdistan (PUK), one of the two parties that control the Kurdistan Regional Government. News Organisation AlgeriaMiddle East – North Africa IRAQ The authorities yesterday banned live coverage of the demonstrations being held in Baghdad’s Liberation Square. Around 400 people gathered in the centre of Baghdad to protest against the lack of public services and demand the resignation the provincial assembly’s president and members. Two journalists employed by the newspaper Al-Sabah, Ahmed Abdel Hossein and Ali Al-Sumeri, were arrested as they were returning to the newspaper after the demonstration. They were released an hour later after being threatened and insulted.These incidents took place although the Journalistic Freedoms Observatory had obtained an undertaking from the Baghdad military command on 1 March that the TV stations would be allowed to come to demonstrations with their satellite uplink trucks.Many journalists were physically attacked by police on 4 March in Basra, 495 km south of Baghdad, while covering a demonstration by about 300 people who had gathered outside the provincial government’s headquarters in Abdel Karim Qassem Square to protest against cuts in the local water and power supply. Despite government undertakings to respect the media’s work, several of the journalists were injured by the electroshock batons used by anti-riot police to disperse the protesters.A local newspaper, Sumariya News, named five journalists who were the victims of physical or verbal violence by the police while covering the demonstration: Associated Press photographer Nabil Al-Jourani, Al-Alam TV cameraman Mohamed Al-Rased, Al Mustaqbal reporter Muntazer Al-Amer, Baghdad News Agency reporter Shehab Ahmed and Haydar Al-Mansouri, the head of the local branch of the Union of Journalists.Mansouri, who interceded in an attempt to defuse the tension, told Sumariya News that three of the journalists were taken to Al-Sadr Hospital: Jourani, who lost consciousness for while, Ahmed, who suffered concussion, and Rased, who sustained a head injury. One of Amer’s arms was also broken.Accusing the anti-riot police of deliberately attacking the journalists, Mansouri said he feared the incident would have a very negative impact on media freedom in the province. Questioned by Sumariya News, Basra police chief Hassan Ali Mali acknowledged that his men were ordered to attack journalists during the demonstration but insisted that it was not “premeditated.”Basra’s journalists reacted by announcing their refusal to cover any police activities until those responsible for the violence are punished. They called for the creation of a mixed commission of enquiry – consisting of members of the army, police, local government and journalists’ organizations – and threatened to stage a sit-in if their demands were not met quickly.Many journalists were the victims of violence during the “Day of Rage” demonstrations in Baghdad and other cities on 25 February (http://en.rsf.org/iraq-action-call-after-black-day-for-01-03-2011,39646.html). Reporters Without Borders presents an overview of the acts of violence against journalists and other media freedom violations that have taken place in the pasts few days in Northern Africa and the Middle East. The countries concerned are Libya, Algeria, three Gulf states (Bahrain, Saudi Arabia and Qatar), Yemen, Iraq (including Iraqi Kurdistan) and Syria. LIBYA Jean-Marie Lemaire, a French journalist working for the 24-hour TV news station France 24, sustained a gunshot wound to the calf on 6 March while covering clashes between rebels and pro-Gaddafi forces in Ben Jawad (less than 100 km east of Sirte). He is being treated in a hospital in Benghazi. A France 24 representative told Reporters Without Borders that two shots hit Lemaire’s camera and a third hit his calf. “The fibula was hit but the wound has been stabilized,” he said. “We are in the process of organizing his repatriation.”The Gaddafi regime continues to block Internet access in Libya, violating the right to information and imposing a news blackout on its alleged atrocities against the civilian population.The Internet has been disconnected since the evening of 3 March after suffering a great deal of disruption for several weeks (http://www.ecrans.fr/La-Libye-est-deconnectee-du-Net,12172.html). The leading Internet Service Provider presumably cooperated because its owner is none other than Mohamed Gaddafi, one of Muammar Gaddafi’s sons. YEMEN Salah Al-Mansoub, a reporter for the Al-Wahdawi Net website, was attacked by unidentified assailants while taking photos of a demonstration in support of President Ali Abdullah Saleh in the town of Ad-Dali yesterday.Men armed with traditional Jambiya swords attacked Saber Al-Jabri, a reporter for the Saudi TV news station Al-Akhbariya Al-Saudiya, and his cameraman, Kamal Al-Samadi, on 6 March in Sanaa as they were preparing a news report on the latest developments in Yemen. Passers-by came to the aid.Adel Omar, a reporter for Al-Wahdawi Net and Marebpress, was injured by a stone thrown by government supporters when they invaded Al-Hurriya Square in Ibb, south of the capital, yesterday. His video camera was also seized. Reporters Without Borders was told that police were present but did not intervene.Yemen Online, a news website with reports in English and Arabic, was the target of a cyber-attack yesterday in which unidentified hackers managed to change photos and text. Administrators said they wanted to move the site to servers abroad for better security. Owner Jamal Al-Awadhi said he had received several calls from ruling party members criticising the site’s coverage of the current situation in Yemen. Mohammed Al-Jaradi, a reporter for the independent newspaper Al-Ahali, was attacked by government supporters in Change Square in Sanaa on 4 March. He was insulted and one of his hands was broken.The house of Nasser Abdullah Aldibibi, the editor of the newspaper Al-Hurra, was ransacked and torched on 2 March. Aldibibi had been getting many threats since publishing an issue on 23 February with the front-page headline: “Go!”The authorities have been preventing the circulation of several newspapers in the southern city of Aden. Issues of Hadith Al-Madina, Al-Diyar, Al-Masdar and Al-Thaury have been seized despite attempts by the Union of Journalists to negotiate with the provincial security department.Al-Masdar Online, a very popular website in Yemen, is still inaccessible. Government officials have not explained why it cannot be accessed. Yemen’s sole Internet service provider, YemenNet Communications, has denied any responsibility. News March 8, 2011 – Updated on January 20, 2016 Overview of media freedom violations of past few days RSF_en BAHRAIN, SAUDI ARABIA AND QATAR In Bahrain, the authorities have been using indirect censorship methods with foreign news media in order to keep live coverage of the demonstrations rocking the country since med-February to the minimum.A France 24 journalist told Reporters Without Borders:“We arrived at 1 a.m. on 19 February. We were forced to spend the night at the airport and could not get out until the next afternoon. Our transmission equipment was confiscated. This was not the case with all the journalists. Some had no problems. We were lucky inasmuch as we were given a visa for two weeks. The next ones only got 72-hour visas. That was the case for the France 2 crew. “On our arrival, we saw a BBC journalist being taken away and his equipment being confiscated. Despite the promises made by the authorities, our equipment was never returned to us. As we could not do live reports, we sent our reports via the Internet.”Fearing the spread of the Tunisian and Egyptian revolutions, the authorities in Saudi Arabia and Qatar have blocked more websites.In Saudi Arabia, the government agency in charge of communication and information, which is also the main Internet Service Provider, has blocked two new websites calling for political reform in Saudi Arabia – Dawlaty and Saudi Reform – which were created after the start of the protest movements in Tunisia and Egypt.The “Revolutionary Nostalgia” Facebook page, which includes calls for reform in Saudi Arabia, has also been blocked.Dr. Khalid Al-Majid, a law professor at Riyadh’s Imam University, was meanwhile arrested on 23 February as a result of an article he wrote for the magazine Royaah entitled “And if the Saudis said the people want to overthrow the regime?” (read the article in Arabic: http://www.royaah2.net/detail.php?id=1022).In Qatar, blogger and human rights activist Sultan Khulaifi was arrested on 1 March and was taken to an unknown place of detention. Reporters Without Borders has been told he was arrested because of what he had written in his blog (http://binkhaleefa.blogspot.com) about human rights and democracy in Qatar. to go further Receive email alerts Help by sharing this information News May 12, 2021 Find out more AlgeriaMiddle East – North Africa JORDAN Around 600 journalists demonstrated in Amman yesterday to demand “independent and free” news media and to express their opposition to any form of government censorship. “Direct and indirect government intervention in the press have killed journalists’ dreams of having free media to report the truth,” the demonstrators said in a statement, AFP reported. Follow the news on Algeria Algeria pressures reporters by delaying renewal of accreditation News ALGERIA Half an hour before the scheduled start of a demonstration called by the National Coordination for Change and Democracy (CNCD) in Oran (430 km west of Algiers) on 5 March, the police arrested around 100 people including a dozen journalists, although they showed their press cards. They were taken to different police stations and then freed after about half an hour. The journalists concerned worked for Soir d’Algérie, Liberté, Le Quotidien d’Oran, El Watan, L’Expression, La Tribune and La Voix de l’Oranie.The authorities also prevented a march from taking place the same day in Batna (425 km southeast of the capital). Several dozen protesters had gathered, shouting slogans demanding political change. Around 10 were briefly arrested and police confiscated Rachid Hamatou’s camera.These violations of the right of assembly and media freedom occurred regardless of the government’s announcement on 24 February that the state of emergency introduced in 1992 was being lifted throughout the country except the capital. April 29, 2021 Find out morelast_img read more

ZoomInfo Announces Fourth Quarter and Full-Year 2020 Financial Results

first_img $ ) (6.0) (78.0 (6.5 Pinterest Year Ended December 31, Based on full-year diluted weighted average shares outstanding of 405 million. Conference Call and Webcast Information: ZoomInfo will host a conference call today, February 22, 2021, to review its results at 4:30 p.m. Eastern Time, 1:30 p.m. Pacific Time. The call will be accessible by telephone: (833) 519-1261 (U.S.) or (914) 800-3834 (International) with the passcode: 3107818. The call will also be webcast live on the Company’s investor relations website at https://ir.zoominfo.com/, where related presentation materials will be posted prior to the conference call. Following the conference call, an archived webcast of the call will be available for one year on ZoomInfo’s Investor Relations website. Non-GAAP Financial Measures and Other Metrics: To supplement our consolidated financial statements presented in accordance with GAAP, this press release contains non-GAAP financial measures, including Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Income, Adjusted Net Income Per Share, and Unlevered Free Cash Flow. We believe these non-GAAP measures are useful to investors in evaluating our operating performance because they eliminate certain items that affect period-over-period comparability and provide consistency with past financial performance and additional information about our underlying results and trends by excluding certain items that may not be indicative of our business, results of operations, or outlook.​​ Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for the comparable GAAP measures, but rather as supplemental information to our business results. This information should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. There are limitations to these non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items or events being adjusted. In addition, other companies may use different measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. A reconciliation is provided at the end of this press release for each historical non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. We do not provide a quantitative reconciliation of the forward-looking non-GAAP financial measures included in this press release to the most directly comparable GAAP measures due to the high variability and difficulty to predict certain items excluded from these non-GAAP financial measures; in particular, the effects of stock-based compensation expense, taxes and amounts under the exchange tax receivable agreement, deferred tax assets and deferred tax liabilities, and restructuring and transaction expenses. We expect the variability of these excluded items may have a significant, and potentially unpredictable, impact on our future GAAP financial results. We define Adjusted Operating Income as income from operations plus (i) impact of fair value adjustments to acquired unearned revenue, (ii) amortization of acquired technology and other acquired intangibles, (iii) equity-based compensation expense, (iv) restructuring and transaction-related expenses, and (v) integration costs and acquisition-related compensation. We define Adjusted Operating Income Margin as Adjusted Operating Income divided by the sum of revenue and the impact of fair value adjustments to acquired unearned revenue. We define Adjusted Net Income as Adjusted Operating Income less (i) interest expense, net, (ii) other (income) expense, net, excluding TRA liability remeasurement (benefit) expense, and (iii) income tax expense (benefit) including incremental tax effects of adjustments to arrive at Adjusted Operating Income and current tax benefits related to the TRA. We define Adjusted Net Income Per Share as Adjusted Net Income divided by diluted weighted average shares outstanding. We define Unlevered Free Cash Flow as net cash provided from operating activities less (i) purchases of property and equipment and other assets, plus (ii) cash interest expense, (iii) cash payments related to restructuring and transaction-related expenses, and (iv) cash payments related to integration costs and acquisition-related compensation. Unlevered Free Cash Flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements. We define annual net revenue retention as the total ACV generated by our customers and customers of Pre-Acquisition ZI at the end of the year divided by the ACV generated by the same group of customers at the end of the prior year. Pre-Acquisition ZI means Zoom Information, Inc., which we acquired on February 1, 2019. Cautionary Statement Regarding Forward-Looking Information: This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied by these statements. You can generally identify our forward-looking statements by the words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “might,” “objective,” “outlook,” “plan,” “potential,” “predict,” “projection,” “seek,” “should,” “target,” “trend,” “will,” “would” or the negative version of these words or other comparable words. Any statements in this press release regarding future revenue, earnings, margins, financial performance, cash flow, liquidity or results of operations (including, but not limited to, the guidance provided under “Business Outlook”), and any other statements that are not historical facts are forward-looking statements. We have based our forward-looking statements on our management’s beliefs and assumptions based on information available to our management at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions and projections about future events may and often do vary materially from actual results. Therefore, we cannot assure you that actual results will not differ materially from those expressed or implied by our forward-looking statements. The following are some of the factors that could cause actual results to differ from those expressed or implied by our forward-looking statements: (i) the COVID-19 pandemic, including the global economic uncertainty and measures taken in response, could materially impact our business and future results of operations; (ii) larger well-funded companies shifting their existing business models to become more competitive with us; (iii) our ability to provide or adapt our platform for changes in laws and regulations or public perception, or changes in the enforcement of such laws, relating to data privacy; (iv) the effects of companies more effectively catering to our customers by offering more tailored products or platforms at lower costs; (v) adverse general economic and market conditions reducing spending on sales and marketing; (vi) the effects of declining demand for sales and marketing subscription platforms; (vii) our ability to improve our technology and keep up with new processes for data collection, organization, and cleansing; (viii) our ability to provide a highly accurate, reliable, and comprehensive platform moving forward; (ix) our reliance on third-party systems that we do not control to integrate with our system and our potential inability to continue to support integration; (x) our ability to adequately fund research and development potentially limiting introduction of new features, integrations, and enhancements; (xi) our ability to attract new customers and expand existing subscriptions; (xii) a decrease in participation in our contributory network or increased opt-out rates impacting the depth, breadth, and accuracy of our platform; (xiii) our failure to protect and maintain our brand and our ability to attract and retain customers; (xiv) our failure to achieve and maintain effective internal controls over financial reporting; (xv) our ability to successfully integrate acquired businesses, services, databases and technologies into our operations; (xvi) our substantial indebtedness, which could adversely affect our financial condition, our ability to raise additional capital to fund our operations, our ability to operate our business, our ability to react to changes in the economy or our industry, and our ability to meet our obligations under our outstanding indebtedness, and could divert our cash flow from operations for debt payments; (xvii) the parties to our stockholders agreement controlling us and their interests conflicting with ours or our other stockholders in the future; (xviii) our being a “controlled company” within the meaning of the Nasdaq rules and, as a result, qualifying for exemptions from certain corporate governance requirements, as a result of which our stockholders will not have the same protections afforded to stockholders of companies that are subject to such requirements; and (xix) other factors described under “Risk Factors” in our Prospectus as filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended, on December 2, 2020, and in other reports we file from time to time with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual results may vary in material respects from those projected in our forward-looking statements. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, investments, or other strategic transactions we may make. Each forward-looking statement contained in this press release speaks only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law. About ZoomInfo: ZoomInfo (NASDAQ: ZI) is a Go-To-Market Intelligence Solution for more than 20,000 companies worldwide. The ZoomInfo platform empowers business-to-business sales, marketing, and recruiting professionals to hit their number by pairing best-in-class technology with unrivaled data coverage, accuracy, and depth of company and contact information. With integrations embedded into workflows and technology stacks, including the leading CRM, Sales Engagement, Marketing Automation, and Talent Management applications, ZoomInfo drives more predictable, accelerated, and sustainable growth for its customers. ZoomInfo emphasizes GDPR and CCPA compliance. In addition to creating the industry’s first proactive notice program, the company is a registered data broker with the states of California and Vermont. Read about ZoomInfo’s commitment to compliance, privacy, and security. For more information about our leading Go-To-Market Intelligence Solution, and how it helps sales, marketing, and recruiting professionals, please visit www.zoominfo.com. Website Disclosure: ZoomInfo intends to use its website as a distribution channel of material company information. Financial and other important information regarding the Company is routinely posted on and accessible through the Company’s website at https://ir.zoominfo.com/. Accordingly, you should monitor the investor relations portion of our website at https://ir.zoominfo.com/ in addition to following our press releases, SEC filings, and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about ZoomInfo when you enroll your email address by visiting the “Email Alerts” section of our investor relations page at https://ir.zoominfo.com/. (16.8 Operating Income Accounts payable Cost of service Non-GAAPQuarterlyResults Deferred costs and other assets, net of current portion 0.12 2020 1.1 Revenue $29.6 — ) 188.6 15.0 27.4 ($ in millions, except per share amounts) Other long-term liabilities 2020 Total current assets ) 1,575.5 $0.12 2019 $66.8 1.4 69.3 Net Income Per Share (Diluted) 84% 47% ($ in millions, except per share amounts) 63.4 ) Unearned revenue Class C common stock, par value $0.01 2020 8.3 Less: Interest expense, net Total operating expenses $ ) ) $226.0 5.1 5.1 8% 505.2 — 48.7 Class A common stock, par value $0.01 GAAPQuarterlyResults 2020 Cash Flow from Operating Activities Diluted (0.2 Unlevered Free Cash Flow 45.2 Cash flows from operating activities: Twitter 3.8 Revenue 1.9 9.0 15.6 Series A Preferred Units $61 – $63 million 9.0 2.4 121.6 Deferred consideration valuation adjustments 41.4 (102.4 Adjusted Operating Income Margin 14.3 $ (25.5 ) Less: Net income (loss) attributable to noncontrolling interests ) Facebook Amortization of other acquired intangibles — $ 167.1 Operating lease liabilities, net of current portion Add: Amortization of other acquired intangibles December 31, $ VANCOUVER, Wash.–(BUSINESS WIRE)–Feb 22, 2021– ZoomInfo, (NASDAQ: ZI) a global leader in go-to-market intelligence solutions, today announced its financial results for the fourth quarter and full-year ended December 31, 2020. “We ended the year strong, delivering another quarter of record results, highlighted by an industry-leading combination of growth and profitability,” said Henry Schuck, ZoomInfo Founder and CEO. “Our success is driven by the success of our customers, as we continue to help companies of all sizes, across all industries modernize their go-to-market efforts with our expanding data, insights, and automation platform.” In a separate release today, the company announced key organizational changes. Effective today, Chris Hays has been promoted to Chief Operating Officer, Hila Nir has been promoted to Chief Product Officer, and Shane Murphy-Reuter has joined as Chief Marketing Officer. Fourth Quarter 2020 Financial Highlights:Revenue of $139.7 million, an increase of 53% year-over-year, which is inclusive of $2.0 million in revenue from acquisitions that closed in the fourth quarter.Operating income of $29.6 million and Adjusted Operating Income of $63.4 million.GAAP operating income margin of 21% and Adjusted Operating Income Margin of 45%.Cash flow from operations of $66.8 million, and Unlevered Free Cash Flow of $76.6 million. Full-Year 2020 Financial Highlights:Revenue of $476.2 million, an increase of 62% year-over-year.Operating income of $37.1 million and Adjusted Operating Income of $226.0 million.GAAP operating income margin of 8% and Adjusted Operating Income Margin of 47%.Cash flow from operations of $169.6 million, and Unlevered Free Cash Flow of $243.7 million. Recent Business and Operating Highlights:The company released ZoomInfo for Recruiters, a purpose-built platform for recruiting teams to identify, target, and engage with top talent, filling open requisitions quickly and efficiently. Through the platform, recruiting teams can uncover data such as work history, educational background, and department organizational charts to help better understand managerial, functional, and technical experience.The company’s annual net revenue retention rate for 2020 was 108%.ZoomInfo closed the year with more than 20,000 customers, including more than 850 customers with $100,000 or greater in annual contract value.ZoomInfo was awarded three awards for 2020 company culture excellence by Comparably in the fourth quarter. Comparably placed ZoomInfo at No. 15 on its large companies list for Best Company Culture. ZoomInfo was included on the large companies list of the Best Companies for Women; additionally ZoomInfo Founder and CEO Henry Schuck was included in the top-20 list of Best CEOs at large companies. Goodwill Cash, cash equivalents, and restricted cash at end of year Retained Earnings 66.5 2019 121.2 2.6 Twitter 14.3 102.4 4.7 ) (5.1 $ ) 18.2 (2) $ — ZoomInfo Technologies Inc. 4.0 23.3 ) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: 83.5 5.4 Net cash provided by (used in) investing activities 47.2 Non-GAAP Adjusted Net Income per share $ Net increase (decrease) in cash, cash equivalents, and restricted cash 16.2 6.5 17.4 62.6 ) Unlevered Free Cash Flow 1,220.8 $ 139.7 Non-GAAP Adjusted Operating Income 1,561.9 27.2 Supplemental disclosures of cash flow information 282% (1) 271.0 $ 42.5 ) Proceeds from debt issuances $ Unearned revenue, current portion 3.9 7.9 Revenue Supplemental disclosures of non-cash investing and financing activities: (13.5 ) $0.47 – $0.49 ) 14.9 $ $ Basic 20.0 478.8 ) 1.4 13.8 $ (in millions, except per share amounts; unaudited) (31.7 Income (loss) from operations (7.2 Operating Income 4.7 2019 1,194.6 23.3 Amortization of debt discounts and issuance costs ($ in millions) Not guided Members’ equity (deficit) Total liabilities, temporary, and permanent equity (deficit) (15.4 Long-term debt, net of current portion 30.1 — — 2020 5.4 Permanent Equity (Deficit) 224.7 33.5 — 45% 365.7 Net income (loss) — Noncontrolling interests Tax receivable agreements liability, net of current portion Operating expenses: Restricted cash — Purchases of property and equipment and other assets Adjusted Operating Income Margin 21% 51 1.4 44.4 14.9 ) 9.4 Short-term investments 54% Add: Amortization of acquired technology Add (less): Other expense (income), net ) (9.3 ———————————————————————————————————————————— $37.1 0.7 Total liabilities 1,561.9 ZoomInfo Technologies Inc. Consolidated Statements of Operations (in millions, except per share amounts; unaudited) ZoomInfo Technologies Inc. 25.1 (5.5 — 31.0 2019 (24.7 725.8 43.6 Research and development (2) 59% ) 25.0 $ 19.2 — Accrued expenses and other current liabilities 8.3 Cash, cash equivalents, and restricted cash at beginning of year (36.4 $ 33.4 (36.4 (40.0 Deferred tax liabilities 25.0 11.2 228.5 Diluted earnings per share is computed by giving effect to all potential weighted average Class A common stock, Class C common stock, and any securities that are convertible into Class A common stock, including options and restricted stock units. The dilutive effect of outstanding awards and convertible securities is reflected in diluted earnings per share by application of the treasury stock method, excluding deemed repurchases assuming proceeds from unrecognized compensation as required by GAAP. Shares and grants issued in conjunction with the IPO were assumed to be issued at the beginning of the period. 368.7 6.5 Increase YoY ($ in millions; unaudited) — Local NewsBusiness 436.8 (11.6 Depreciation and amortization Research and development ) 3.4 Additional paid-in capital 11.3 17.5 12.8 66.8 General and administrative (36.4 3% 3.7 18.7 $ ) ) 72.6 Integration costs and acquisition-related compensation paid in cash 17.0 121.6 $280 – $285 million (11.6 $ $63.4 Purchases of short-term investments 6.6 $ (32.9 (16.8 Interest expense, net Less (add): Other expense (income), net, excluding TRA liability remeasurement (benefit) expense $ — Increase YoY Less: Net income (loss) attributable to ZoomInfo OpCo prior to the Reorganization Transactions Cash paid for taxes Add: Impact of fair value adjustments to acquired unearned revenue Net cash provided by (used in) financing activities Net cash provided by (used in) operating activities 7.8 GAAP Results Adjusted Operating Income Margin 36.3 (15.4 140.4 Non-GAAPResults $243.7 31.2 Amortization of deferred commissions costs $ 8.6 Unearned revenue, net of current portion (84.5 Commitments and Contingencies Benefit (expense) from income taxes ) 1.3 (4.7 ) — Amounts include equity-based compensation expense, as follows: (4.9 ) ) (723.1 ) Other (income) expense, net (13.6 ) Deferred costs and other assets Deferred tax assets ) Current liabilities: Basic and diluted earnings per share of Class A and Class C common stock is applicable only for the period from June 4, 2020 through December 31, 2020, which is the period following the initial public offering (“IPO”) and related Reorganization Transactions. (5.5 $ (4.7 $76.6 36.1 (27.3 ) Tax distributions 1.5 Condensed Consolidated Balance Sheets 25.5 9.7 9.2 Accrued expenses and other liabilities 113.1 (0.3 ) Purchases of property and equipment and other assets 2020 71.9 2.2 Repurchase outstanding equity / member units $ 9.2 ) 8.7 N/A Interest paid in cash 2019 0.9 N/A $ (6.3 $ — (1) Prepaid expenses and other current assets 14.7 25.1 Loss on debt extinguishment Cash and cash equivalents Sales and marketing (2) 51.4 (1.8 20.5 8.5 Deferred variable consideration from acquisition of a business $ Liabilities, Temporary, and Permanent Equity (Deficit) $ Increase YoY (9.9 10.0 36.3 $ GAAP Revenue 13.6 4.7 6.6 ) 1.6 4.0 8.0 32.2 $ $ $ Three Months Ended December 31, (11.9 Three Months Ended December 31, $ 25.1 293% 95.0 (in millions; unaudited) Year Ended December 31, 1.8 ) Cash paid for acquisitions, net of cash acquired 226.0 Total current liabilities $ 33.6 $ 32.2 4.8 Add: Loss on debt extinguishment 53% 50.8 Cash Flow from Operating Activities $476.2 35.0 — (332.4 0.8 $ Asset impairments Accounts payable ) 5.6 476.2 ) 454.2 $0.10 – $0.11 Adjusted Operating Income 8.0 (5.5 $ Deferred income taxes $ 4.9 Adjusted Net Income 1.2 1,000.1 $ ) 320.8 1.2 $139.7 0.8 18.0 (in millions, except share data; unaudited) Less: Tax impacts of adjustments to net income (loss) Year EndedDecember 31, (34.5 $ Adjusted Net Income per share (Diluted) $ Add: Interest expense, net Prepaid expenses and other current assets 0.9 (16.7 2020 $0.34 Q4 2020 Financial Highlights (Unaudited) ) Income tax receivable (1.0 (1.9 TAGS  Reconciliation of GAAP Net Income (Loss) to Adjusted Net Income and Income (Loss) From Operations to Adjusted Operating Income N/A $ Three Months EndedDecember 31, Adjusted Operating Income 3.6 1,387.8 % 30.6 (0.2 Changes in operating assets and liabilities, net of acquisitions: 169.6 Payments of IPO issuance costs (16.5 Total equity-based compensation expense (0.3 14.5 (10.1 ) $ (7.2 Income taxes payable ) FY 2021 $ ZoomInfo Announces Fourth Quarter and Full-Year 2020 Financial Results 153.6 35.1 WhatsApp 5.2 200.2 (736.7 62% Cash flows from financing activities: Shares for Adjusted Net Income Per Share (1) 37.1 ) Current portion of operating lease liabilities 370.6 32.0 $270 – $280 million General and administrative (2) 29.6 (510.9 ) (0.4 35% $ — Proceeds from equity offering, net of underwriting discounts (5.1 Sales and marketing 24.4 ) $ (78.0 Repayment of debt (4.0) 1.1 $ 2.1 0.34 241.7 ) 4.8 86.9 62.8 — (10.0 Pinterest ) Add (less): Expense (benefit) from income taxes Operating Income Margin Current portion of long-term debt 2,327.4 10.8 966.8 47 Provision for bad debt expense — Total assets (0.10 Restructuring and transaction related expenses Non-GAAP Unlevered Free Cash Flow 271.0 Amortization of acquired technology % Cash flows from investing activities: 63.4 76.6 62.9 66.5 42.5 13.1 184.9 (207.8) 403 37.1 Add: Restructuring and transaction-related expenses 1.7 2019 $ $ 13.8 Accrued unit repurchases ) Income (loss) from operations ) Loss early on extinguishment of debt — % ) ) 2,327.4 29.6 2019 91.1 1.5 Cash flow from operations 14.9 Cost of service: $ (113.3 36.8 Net income (loss) attributable to ZoomInfo Technologies Inc. ZoomInfo Technologies Inc. $169.6 ) — ) (4.3 ) $144 – $146 million 45 62.0 19.2 (69.3 Revenue for adjusted operating margin calculation Accounts receivable $ 84.2 (13.6 2019 Q1 2021 Adjusted Net Income Per Share $ (4.0 939.6 415.7 18.2 ) 3.1 $(0.11) 6.0 293.3 9.0 403 243.7 $ $645 – $655 million ZoomInfo Technologies Inc. ) (15.7 90.2 Year Ended December 31, Tax receivable agreement remeasurement Operating Income Margin Net income (loss) per share of Class A and Class C common stock (1): 2019 Operating lease right-of-use assets, net $ 81.5 ) $ ) 1.5 $ ) ) (78.0 ) 3.8 169.6 ) 139.7 ) $ ) 5.1 By Digital AIM Web Support – February 22, 2021 10.0 Intangible assets, net $ 28.7 Net Income Per Share (Diluted) — $0.14 21.9 18.2 Three Months Ended December 31, 4.7 — — 2020 (0.11 — Accounts receivable 25.1 (213.8) Revenue ) Adjusted Operating Income 0.7 4.9 48.3 293.3 0.16 6.6 (2.4) 23.3 ) $ ) Deferred costs 0.5 17.6 138.2 ) (1.9 — Net income (loss) Property and equipment, net (2.4 ) 41.5 ) — 3.0 $ 82.8 Interest paid in cash: Adjusted Operating Income $ 47.2 226.0 Add: Equity-based compensation FY 2020 Financial Highlights (Unaudited) Consolidated Statements of Cash Flows 200.2 25.5 15.6 — 744.9 36.1 The Company uses a variety of operational and financial metrics, including non-GAAP financial measures, to evaluate its performance and financial condition. The accompanying financial data includes additional information regarding these metrics and a reconciliation of non-GAAP financial information for historical periods to the most directly comparable GAAP financial measure. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Business Outlook: Based on information available as of February 22, 2021, ZoomInfo is issuing guidance for the first quarter and full-year 2021 as follows: Gross profit Total equity (deficit) 96.1 WhatsApp — Equity-based compensation expense — Add (less): Benefit (expense) from income taxes 53.4 Impact of fair value adjustments to acquired unearned revenue 269.8 44.4 ) Unlevered Free Cash Flow N/A 15.5 Class B common stock, par value $0.01 Current assets: 148.2 13.1 4.9 $ Income tax receivable (0.8 — (78.0 1.3 1.1 17.6 40.7 2.4 — 95.0 — Reconciliation of GAAP Cash Flow From Operations to Unlevered Free Cash Flow Net income (loss) Payments of deferred consideration $ ) 3.9 Payments of debt issuance costs 221.3 18.7 Year Ended December 31, 60.1 2020 2019 4.0 2020 91.1 (5.9 172.2 $ 69.3 157.7 — Taxes paid related to net share settlement of equity awards 167.1 (27.8 25.5 $ 476.2 2.6 17.4 121.6 Restructuring and transaction-related expenses paid in cash 34% Add: Integration costs and acquisition-related expenses ) (30.6 331.6 (649.8 (65.9 Assets Increase YoY $ 325.6 0.14 0.8 — 49 % $ Cost of service (2) Accumulated other comprehensive income (loss) Adjusted Net Income per share (Diluted) View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005836/en/ CONTACT: Investor Contact: Jeremiah Sisitsky VP of Investor Relations 617-826-2068 [email protected] Contact Steve Vittorioso Director, Communications 978-875-1297 [email protected] KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON INDUSTRY KEYWORD: DATA MANAGEMENT CONSUMER ELECTRONICS TECHNOLOGY PROFESSIONAL SERVICES SMALL BUSINESS MARKETING COMMUNICATIONS SEARCH ENGINE MARKETING SOFTWARE AUDIO/VIDEO FINANCE SOURCE: ZoomInfo Copyright Business Wire 2021. PUB: 02/22/2021 04:05 PM/DISC: 02/22/2021 04:05 PM http://www.businesswire.com/news/home/20210222005836/en Income (loss) before income taxes Facebook 102.4 1.4 1,023.7 Previous articleEventbrite to Participate in the Morgan Stanley Technology, Media and Telecom ConferenceNext articlePulse Biosciences Reports Fourth Quarter and Full Year 2020 Financial Results Digital AIM Web Supportlast_img read more

Quicken Rocketing Toward E-Lending Expansion

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] About Author: Rachel Williams in Daily Dose, Featured, Headlines The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago data HOUSING mortgage quickenloans 2017-10-17 rachelwilliams October 17, 2017 2,081 Views Quicken Loans, the company that first made waves on the national stage for its online mortgage platform during the 2016 Super Bowl ad, announced to that it has struck a partnership that will expand online mortgage lending.The deal will allow the nonbank lender to utilize technology provided by eOriginal—a provider of digital transaction management solutions—to incorporate an electronic note into Rocket Mortgage and store it as an authoritative copy through the eVault. An authoritative copy is considered the electronic original copy.“Quicken Loans has worked diligently to provide clients a completely online mortgage experience from application to closing. The next step in this evolution is to digitally move the note to the industry stakeholders who need it,” said Jay Farner, Quicken Loans CEO. “Taking the mortgage process online provides home buyers with accuracy, clarity and transparency–in addition to speed and convenience.”According to data released by NerdWallet, Quicken was recently ranked the third most commonly used mortgage lender nationwide, with Wells Fargo coming in first and Bank of America coming in third.“eOriginal’s Digital Mortgage technology provides Quicken Loans the ability to create an industry-leading SMARTDoc® eNote for an eClosing, followed by eVaulting capabilities to support servicing of the mortgage and the accelerated movement of the asset to the secondary market,” said eOriginal General Manager of Digital Mortgage Simon Moir. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: data HOUSING mortgage quickenloans Related Articles Home / Daily Dose / Quicken Rocketing Toward E-Lending Expansion The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Acting Comptroller of the Currency Addresses Amendments to HMDA Next: Mortgage Veteran Robert Caruso Announces Retirement From ServiceLink  Print This Post Quicken Rocketing Toward E-Lending Expansion Subscribelast_img read more

The Benefits of Opportunity Zones

first_img California is facing a housing shortage and affordability crisis, but Opportunity Zones may serve to alleviate these concerns. In a post on Forbes, Ridaa Murad, founder of BREAKFORM | RE. and Co-Founder of BEDROCK | Group discusses the pros of investing in any of the 879 federally designated Opportunity Zones (the most in the country).According to a report from ATTOM Data Solutions earlier this year, homes in Opportunity Zones are cheaper than the average home.The report found that roughly 80% of these zones had median home prices in the Q2 2019 that were below the national figure of $266,000, and that half had median prices of less than $150,000.Additionally, compared to the surrounding regions, median Q2 2019 prices in about one in four zones were less than 50% of the typical value in the Metropolitan Statistical Areas where they exist. Within Opportunity Zones, 86% had median Q2 2019 sales prices that were less than the median sales price for the surrounding Metropolitan Statistical Area (MSA). Roughly 26% had median sales prices less than half the figure for the MSA. Only 14% had median sales prices that were equal to or above the median sales price in the MSA.“As investors, we always want to maximize our return, and as humans, we want to do good and make a positive impact in our communities,” Murad said. “Opportunity zones give investors the chance to do well financially while also contributing to the betterment of local communities that desperately need economic improvement.”Murad covered the social impact of opportunity zone investment, including a long-term hold strategy associated with Opportunity Zones, as the investment must be held for a period of 10 years. Additionally, Zones force developers to secure land for communities where there is a demand, and the alternative building processes are cost-friendlier.Another bonus for investors and homebuyers is that the nontaxed exit gains eliminates price-gauging.“When the profit isn’t taxed, it removes the need to squeeze every last penny out of the buyer on the front end,” Murad said. “The opportunity exists to create a business that doesn’t have to price-gauge because back-end profits remain intact.”Find Murad’s complete commentary here. The Benefits of Opportunity Zones Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Investment, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Benefits of Opportunity Zones About Author: Seth Welborn Demand Propels Home Prices Upward 2 days agocenter_img Previous: Analytics Tool Launched by Mortgage Company Next: Freddie Mac Finalizes $369M NPL Sale California Investment Opportunity Zones 2019-11-07 Seth Welborn Share Save Tagged with: California Investment Opportunity Zones The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Related Articles Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily November 7, 2019 955 Views last_img read more

Police appeal for information after man produces knife in bar

first_img Google+ Police appeal for information after man produces knife in bar WhatsApp Facebook Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme By admin – March 26, 2016 Man arrested in Derry on suspicion of drugs and criminal property offences released Twittercenter_img Previous articleQuigley wins tenth fight with another knockoutNext articleIrish Citizens Army remembered in Donegal as Starry Plough flag flies for 2016 admin Police are appealing for information following an incident that occurred in commercial premises in the Spencer Road area of Derry.The incident happened on the evening of Wednesday 16 March but details are only emerging now.At approximately 7.55pm, police received a report that a man had entered a bar and threatened another man. It is reported that the man pulled out a knife before he left and got into a blue car as a passenger.No-one was injured in the incident.Just after 8.20pm, police arrested a 42 year old man and a 21 year old man in the Manorwood area on suspicion of possession of an offensive weapon.The 21 year old man was also arrested on suspicion of obstructing police. A knife was found in the car that they were in and it was seized. The two men were later released on police bail pending further enquiries.Any witnesses to this incident are asked to contact police at Strand Road Police Station on the non-emergency number 101. Facebook Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derry Twitter Homepage BannerNews Pinterest Google+ RELATED ARTICLESMORE FROM AUTHORlast_img read more

Group established to welcome asylum seekers to Moville

first_imgAudioHomepage BannerNews Arranmore progress and potential flagged as population grows By News Highland – November 15, 2018 Group established to welcome asylum seekers to Moville Twitter Google+ RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic Pinterest News, Sport and Obituaries on Monday May 24th Previous article29 people awaiting admission at LUHNext articleSeanad told Moville plan must be backed with community supports News Highland Google+center_img WhatsApp A group has been established on Facebook to welcome asylum seekers who are due to arrive ast the Caiseal Mara Hotel in Moville in the coming weeks.The group was started after local woman Tracey Cullen Sheehan put a post on Facebook, with over 100 people joining a group which has been set up as a result.She told the Nine til Noon Show that those who are coming need support and security, and will be recovering from traumatic experiences…….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/11/tracey1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.However, a number of people continue to raise questions about the impact the arrival of up to 100 people will have on resources in Moville, and whether the town has the capacity to cater for them.On today’s Nine til Noon Show, Education Minister Joe Mc Hugh said they are legitimate questions, and he and other ministers are taking notice…….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/11/jomoville.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Twitter Derry draw with Pats: Higgins & Thomson Reaction DL Debate – 24/05/21 Facebook Pinterest FT Report: Derry City 2 St Pats 2 WhatsApplast_img read more

Why HR needs to be in on skills strategy

first_imgFor anyone who missed it, the consultation period on the future of NationalTraining Organisations ended last month. If you are trying to bring to mindexactly who and what the NTOs are then you are not alone. Research last yearfound one in four employers had never heard of them. This is a pity, as theNTOs could not possibly have a more important objective. Their remit is todevelop skills strategies for all UK industries. The Government’s consultation document made a number of proposals about howthe NTOs could overcome the problems of patchy cover and poor employerawareness and investment. Most important was the plan to cut radically thenumber of organisations, merging them so that what remained were big, sectoralbodies which were well resourced and able to drive change. On the whole this seems to make sense. One problem employers have is that itrequires an encyclopaedic brain to keep track of the plethora of training bodiesand initiatives which are up and running. And some of the existing NTOs do seemto be addressing a rather narrow audience. Take, for example, the Animal CareNTO or the NTOs for Bakers, Ceramics, Coatings, Cultural Heritage, Dairy,Footwear and Photography. Surely such organisations could be gathered under theumbrella of broader, and more strategic, bodies. This week NTO National Council chief executive Andy Powell told PersonnelToday that he wants HR directors to sit on the boards of the next generation ofNTOs alongside chief executives. Let us hope this is more than an attempt touse the pages of Personnel Today to win over HR professionals to the NTO cause.HR chiefs must be involved with training strategy at the highest level – nobodyknows more about present and future skills shortages. Previous Article Next Article Comments are closed. Why HR needs to be in on skills strategyOn 1 May 2001 in Personnel Today Related posts:No related photos.last_img read more