In an exclusive New York Daily News report, it has been disclosed that New York City is auditing Childrens Community Services, a homeless shelter provider that was granted $407 million in contracts from the City in June of 2017.
According to the New York Daily News, Childrens Community Services was granted the lucrative contracts to operate hotel shelters in New York City despite being a neophyte company that was formed only four years prior. It seems that the “nonprofit” company is currently in quite a fiscal pickle. Recent tax filings reportedly state that the company is “$6 million in the red.”
The New York Daily News states: “When the Daily News inquired about the nonprofit’s debts and murky financials, Homeless Services said it planned to procure an independent accounting firm to review Children Community Services and pare down the number of shelters the nonprofit operates.”
These are the types of dealings the City is engaging in in the midst of a homeless crisis? Who are the people making these decisions? Are there professional repercussions, and accountability, for those people’s actions? How will the City claw itself out of the homeless epidemic with going-ons like this?