Posts
Nonprofit Service Providers Take on Debt, Mull Layoffs as City Hall Slow Walks Payments
At least one major organization has had to shutter, while others are preparing to scale back work and staff because of snowballing financial issues. This article originally appeared in The City. By Katie Honan Follow @x NEW YORK - Nonprofit organizations around New York are still facing months-long delays in getting paid on city government contracts, recently forcing some to close their doors while others are worried about paying their staff. One group, Hester Street Collaborative — which worked primarily in community engagement, design, planning and other development efforts in neighborhoods across the boroughs — announced in August they would begin the process of shutting down. “We know that it is a real loss for the field and the communities and organizations we serve,” a letter on the organization’s website reads. “However, we’ve determined that Hester Street’s financial model has proven unsustainable.” Like ...
