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Is It Risky Business When Nonprofits Become Landlords


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. ....

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Grassroots Organizations Often Struggle With The Cost Of Change


Grassroots Organizations Often Struggle With The Cost Of Change
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Jill Sheridan/WFYI
Editor s Note: The pandemic set off social fault lines that influence violence, and Indianapolis sets a new homicide record almost daily. This story is part of a series that examines those fault lines, with a look at historical struggle, including a systemic lack of services and resources for low-income and Black Indianapolis residents.
Many nonprofit organizations in Indianapolis work to address root causes of violence. Those include unstable housing, addiction and a lack of available jobs that pay enough to support a household.  ....

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