• ruth

    December 3, 2023 at 7:34 pm

    for small local organizations that provide a needed service to the local populace, these kinds of essentially temporarily donated facilities have been very helpful. We tend to see them supporting such stuff as senior centers, arts organizations, health clinics and animal shelters; The problems emerge, as another commenter mentioned, when “political climates” change which they do with some regularity in local government. If a city manger or city council decides, for some reason, that the expenditure is inappropriate, you may need to have a plan B complete with budget ready for immediate deployment. There is also the problem of potentially sinking facility costs into a building that can be taken back – sunk costs and all. Here is an article on the topic https://nonprofitquarterly.org/1-rent-trap-another-nonprofit-finds-real-estate-risk/

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