NYC Comptroller Concerned About NonProfit Funding Process

Comptroller Scott Stringer expressed concern in a recent round-table with Community Board 5 about the lack of effective funding process for nonprofit organizations.

During the roundtable, which hosted local legislators, education advocates, community organizers etc, there was a length of discussion centered around nonprofit funding. The general concern was that while funding support was available for nonprofit organizations, it takes an extensive amount of time for the funds to reach the organizations themselves.

“Why is the city giving a good nonprofit money and then they don’t get the money two years? And then they have to take out loans against the money. It’s called the procurement process,” he said.

“I want a new more transparent procurement process. I want the mayor’s office of contracts to own up to the fact that they are too slow, too outdated and we are jeopardizing a lot of these nonprofit organizations,” Stringer said.

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