The model, end to end.
Six steps turn a donation into an apartment building that stays affordable forever. Here is each one, with the legal footing underneath it.
Move into one of our buildings and your rent is fixed for as long as you live there. When costs rise, the treasury absorbs them. Your renewal letter never contains a rent increase.
Capital formation
Donors contribute Bitcoin or dollars. Contributions are tax-deductible as we are a 501(c)(3) public charity. Donated Bitcoin goes into a 2-of-3 multisig treasury. Dollar donations are converted to Bitcoin or held as operating reserves.
Property acquisition
We target Class B and C multifamily buildings in Madison, Wisconsin, and buy them with 100% equity. Cash closes faster, wins competitive bids, and removes interest expense from the building forever.
Below-market operations
Residents qualify at or below 80% of area median income, which makes the building eligible for Wisconsin's property tax exemption for charitable housing. We pass those savings through as below-market rent, and rent stays fixed for as long as a resident lives there. Rent can be paid in dollars or Bitcoin through Zaprite.
Treasury accumulation
After operating costs like maintenance, insurance, and property management, net income is converted to Bitcoin and deposited into the multisig treasury. Money for near-term expenses stays in dollar reserves.
Appreciation and reinvestment
As Bitcoin appreciates, the treasury grows in purchasing power. Our planning model uses 15% annual growth, well below Bitcoin's history. When enough accumulates, we sell what we need and buy the next building. As a 501(c)(3), that sale is tax-free under IRC 512(b)(5).
The cycle repeats
Each new building adds net income, the treasury compounds, and the next acquisition arrives sooner. Our 30-year model scales from 12 units to more than 100 on conservative growth assumptions.
Capital gains from Bitcoin sales by a 501(c)(3) are exempt at all three levels: federal (IRC 512(b)(5)), Wisconsin (Wis. Stat. 71.26(1)(a) conforms to the federal UBIT definition), and Madison (no municipal income tax exists). Verified January 2026.