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Is It Risky Business When Nonprofits Become Landlords?
Solender/Hall President Eliza Solender shares nine tips that can mitigate liabilities involved.
By
Eliza Solender
Published in
Commercial Real Estate
May 17, 2021
11:00 am
The COVID pandemic has harmed income for most nonprofit organizations. In addition, like the for-profit business community, many nonprofits had a substantial percentage of their employees working virtually. This reality has caused many nonprofits that own their real estate to evaluate their space needs, especially the space they are not using.
Eliza Solender, Solender/Hall
With the squeeze on revenue, obtaining rental income on unused space becomes very tantalizing. However, the danger is that the staff’s and board’s lack of expertise in commercial real estate could cause the organization to have unexpected costs, less than anticipated income, and unexpected headaches.
I feel really happy because I love seeing all the kids happy faces when they receive the gifts that we donate to them, Valentina said.
Valentina even wrote and published her own kid s book to help raise even more proceeds for Family Gateway. The book, titled Unipaws Adventures, is inspired by her own dog, Snowy. I m proud, these are hard-working kids. They love to help and what brings me so much joy is that they like to share, said Gladys. To see their happiness at this time of giving makes me very very proud.
The family will continue their mission to give back this summer. On Tuesday, they ll be celebrating Valentina s ninth birthday.
A mother’s death and a daughter’s truth: Why a rape survivor decided it was time to tell the whole story
Courtney Underwood has long been a tireless advocate for sexual assault victims. Now the Dallas woman opens up about surviving yet another unjustly stigmatized trauma.
Courtney Underwood and her service dog, Brooks, with a photograph of her late mother, Nancy Elizabeth Underwood. Courtney said that when her mother died by suicide, “All the compartmentalized boxes that I had filed away my PTSD and my trauma into just fell apart.”(Lynda M. González / Staff Photographer)
10:28 AM on May 11, 2021 CDT
WT, the Business-to-Business-for-Employees (B2B4E) travel management platform, today announces the appointment of Michelle McKinney Frymire as Chief Executive Officer with effect from 1 May 2021. Incumbent Kurt Ekert will be stepping down and will take on the role of senior advisor to the company.
Michelle joined CWT in 2019 and has over 20 years travel industry experience. Her leadership has spanned a broad range of functions with notable leadership roles as the CFO at Starwood Vacation Ownership and Delta Technology (a division of Delta Air Lines), as well as Continental Airlines and Delta Air Lines. In addition, she held senior executive positions at several private equity portfolio companies where she led Strategy, Technology, HR, Corporate Development and Finance. Michelle currently serves on the Board of Directors for Family Gateway in Dallas, Texas and was appointed CWT s President, Strategy & Transformation and Chief Financial Officer in October 2020. She holds a bachelor s