Monday, January 07, 2013

Out with a Whimper

Another rough year for non-profits in Cleveland.  The big news was we lost the second largest mental health agency in Cleveland: Bridgeways.  After seven months they are still trying to sort out the property owned by the non-profit and their dealings with a for-profit subsidiary.  There were a number of affordable housing projects owned by the non-profit and de-tangling that when the agency goes out of business has been tough.  We saw WECO go out of business earlier in 2012 after 40 years in Cleveland.  Some of their projects were taken up by Neighborhood Progress Inc., but WECO was helping low income people with obtaining funding for micro-enterprise projects and that was not picked up.

For more information on the other non-profits that went out of business go here...
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