Whether a struggling nonprofit already saddled with debt should receive a $150,000 no-interest loan from The City with no guarantee of its repayment will be decided Wednesday by the Board of Supervisors Budget and Finance Committee.The unusual proposal, introduced by Supervisor Ross Mirkarimi, would have The City shell out the money from general reserve fund, an account for unforeseen expenses, which is now at a $14 million level. Generally it’s supposed to be around $25 million. Read More
The 30-year-old Lyon-Martin Health Services will keep its doors open despite financial woes, but the facility is still "on the edge of a cliff," according to the new board president.
The Market Street clinic, which has served thousands of homeless, gay and underprivileged patients, has been on the verge of closing since January, when its board decided the only alternative was to raise significant funds.
But donors have since contributed $353,97 Read More
A 30-year-old clinic named after The City’s most famous lesbian couple has one month to raise $500,000 or else its board of directors will start to pull the plug.
Lyon-Martin Health Services is a Market Street center that serves thousands of homeless, gay and lesbian and underprivileged patients a year. But faced with about $1.5 million in debt, the board’s chair said it can no longer employ its staff of about 18 unless the donations funnel in by March 31. Read More
The 30-year-old Lyon-Martin Health Services clinic that has served thousands of homeless, queer and underprivileged patients has announced it cannot meet its financial needs and will close. The staff and board are working out how to properly transfer care to other appropriate providers. Read More