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The landscape created by COVID-19 has intensified the challenges facing nonprofit leaders. From a fiscal perspective, nonprofits now face additional obstacles when securing funding, maximizing real estate, and proving creditworthiness. But, exactly what steps should be taken to move toward financial sustainability?
In a two-part webinar series hosted by City&StateNY, three long-time nonprofit advisors shared their best practices and newest insights into responsive, actionable, and durable planning efforts. The first webinar on June 11, 2020, took a 3-month perspective and addressed short-term challenges and opportunities. The second webinar, scheduled for September 2020, will examine a 3-year landscape. Check back to our webinar host’s events page for current information.
In addition to Sunil Aggarwal representing ThinkForward, the panel discussion included Paul Wolf, Co-President of Denham Wolf Real Estate Services, and Duncan Webb, founder of a leading advisory for the development and operation of cultural and educational facilities and public agencies.
Times of crisis can be the best times to assess your mission.
Panelists advised the audience to be “intelligently optimistic” and wherever possible to preserve and manage liquidity for their organization. Having moved beyond the early weeks of the pandemic, nonprofits will benefit from taking the time to “know what you have and know what you want.” Times of crisis can be the best times to evaluate mission performance and whether or not—or to what extent—you are delivering value to your community. Realignment and adjustments are inevitable when funding sources are affected by market disruptions.
The landscape created by COVID-19 has intensified the challenges facing nonprofit leaders. From a fiscal perspective, nonprofits now face additional obstacles when securing funding, maximizing real estate, and proving creditworthiness. But, exactly what steps should be taken to move toward financial sustainability?
In a two-part webinar series hosted by City&StateNY, three long-time nonprofit advisors shared their best practices and newest insights into responsive, actionable, and durable planning efforts. The first webinar on June 11, 2020, took a 3-month perspective and addressed short-term challenges and opportunities. The second webinar, scheduled for September 2020, will examine a 3-year landscape. Check back to our webinar host’s events page for current information.
In addition to Sunil Aggarwal representing ThinkForward, the panel discussion included Paul Wolf, Co-President of Denham Wolf Real Estate Services, and Duncan Webb, founder of a leading advisory for the development and operation of cultural and educational facilities and public agencies.
Times of crisis can be the best times to assess your mission.
Panelists advised the audience to be “intelligently optimistic” and wherever possible to preserve and manage liquidity for their organization. Having moved beyond the early weeks of the pandemic, nonprofits will benefit from taking the time to “know what you have and know what you want.” Times of crisis can be the best times to evaluate mission performance and whether or not—or to what extent—you are delivering value to your community. Realignment and adjustments are inevitable when funding sources are affected by market disruptions.
NYC agencies are encouraging investments in IndustrialBusiness Zones (IBZ).This is good news for real estate developers and building owners hoping to attract manufacturing and light industrial tenants through redevelopment of their properties. Financial assistance through the NYCIndustrial Development Agency (NYCIDA) can make a sizeable contribution to most capital stacks.
For many organizations, delaying a project means delaying future success. Tax credits and economic incentives can help fund the next step forward in any mission-driven organization’s growth and evolution. Considering the life line that these programs can represent, let’s take a few moments to understand what incentives are and how to tap into the potential for your company.
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