Posted on 09/09/2023 3:25:15 PM PDT by lowbridge
A builder in Colorado owes $6 million to customers who never received their promised tiny homes after he allegedly blew the cash on race cars, real estate and lavish trips, according to new bankruptcy filings.
Matthew Sowash, the president and CEO of Holy Ground Tiny Homes, failed to deliver tiny homes to 189 buyers while spending hundreds of thousands on seemingly personal purchases, KDVR reported.
The nonprofit company spent more than $400,000 to buy and repair race cars and other vehicles in addition to $35,000 in real estate in Colorado and Alaska, according to an 81-page report filed Friday and obtained by the local Fox affiliate station.
It spent another $32,000 on meals and $55,000 on travel to Las Vegas. Just $10,000 of the travel expenses “appear to be related to the delivery of the tiny homes,” according to the court filing.
Sowash’s legal team claimed the Vegas trip was part of an “employee appreciation benefit.”
The spending spree happened between October 2020 and August 2022, the same time the nonprofit was collecting deposits from customers for tiny homes they never received, KDVR reported.
Holy Ground Tiny Homes filed for bankruptcy in October 2022 and Sowash now has until Sept. 22 to submit a plan for how he will turn the company around, according to the outlet.
(Excerpt) Read more at nypost.com ...
Ellendra! Don’t use this builder, LOL!
What? No Hookers? LOL!
Almost $32,000 per buyer.
“The nonprofit company”
Seems like Matthew profited somewhat. I would like to have $55k to blow in Vegas.
Getting tired of the term “non-profit” for a lot of reasons.
Holy Grounds? Blessed Coffee?
$6,000,000 ÷ 189 = $31,746 per tiny home.
There is a company near Athens, TX that builds “tiny homes” at about 22 bucks a sq ft. That’s crazy.
“”Getting tired of the term “non-profit” for a lot of reasons.””
Back in 90s I was in non profit software. Was in DC common cause. The top guy was a good looking Italian stud. Big oak desk and he had several secretaries all looked like porn stars.
I never donated to anything again after seeing that.
The money was for them.
How else should other people’s money be spent?
A few paintings from Picasso Biden add up quickly.
Well, they really didn’t make any profits!
If it looks too good to be true, then chances are it is.
Home depot sells large “garden sheds”. I have seen some youtube channels where these “sheds have been converted into tiny homes.
https://www.youtube.com/watch?v=pYc2i78_UkI
Lock him in an arena with the 189 people he stiffed. Put it on PPV.
Heck, they might come out ahead.
When I read (not for profit), I knew. The only people who profit are the biggest guys at the top.
Tiny homes are for stupid liberal hippies. Regardless of how “tiny” they are you still have to pay all the same development fees as someone who builds a large custom home.
The folks at this non-profit spent money like a bunch of drunken BLM execs.
“A builder in Colorado owes $6 million to customers who never received their promised tiny homes after he allegedly blew the cash on race cars, real estate and lavish trips”
Well I’m glad he didn’t squander the money!
They’re way too high! What about property to out them on?
property to put them on
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