Last month I discussed our need to step into the next phase of growth as a ministry and our excitement to do so. I’m happy to say that since then the first two steps forward are completed!
Step one: dealing with debt. We’re thrilled to announce the Ranch is now 100% debt-free! Ten years ago CEM purchased the house and property of our closest neighbor on a 15-year loan. This purchase has provided crucial staff housing, enabling another family to live on property and provide community, safety, and support for our students. Housing is often essential for staff to afford to serve here, so this investment will be a key longterm benefit to CEM. Thanks to the last two record-breaking Agony rides covering much more of the burden of student sponsorships than usual, we were able to use general fund money to pay off the house five years early! This is a tremendous victory and a crucial first step in our plans. Please join us in thanking God! Now we can use those resources to tackle other hurdles we face.