Charles Light parking is actually a stock corporation with Christ Church owning all 25 shares of corporate stock. The garage was built in 1974 to support the ministries of Deaton Hospital (owned by the congregation then) and Christ Church Harbor Apartments, as well as the congregation. Since it was primarily built for the purpose of supporting these non-profit ministries of the church, 80% of the revenue is deemed to be tax exempt and 20% is considered taxable. The Board of Directors for Charles Light Street Parking is comprised of 5 Directors – Christ Church’s Senior Pastor and four others elected by Christ Church’s Church Council. The church has had a long term management agreement with Arrow Parking who has very successfully managed the garage over the years. The garage pays Christ Church a dividend on its ownership of the 25 shares of stock, which is used to support the ministries and expenses of Christ Church.