BronxWorks, a key provider of essential services, is grappling with $9 million in unpaid services, highlighting a severe cash flow crisis many nonprofits face due to delayed city reimbursements.
Juval Scott of Bronx Defenders notes that a $1 million payment is pending, emphasizing the financial strain on organizations reliant on timely city funding for their operations.
Despite Mayor Adams’ efforts and commitments to address the slow payment issues in nonprofit contracting, the persistent late payments are again crippling service providers in the Bronx.
June Jimenez of the Bronx Community Foundation underscores that for small nonprofits, even a delay in a modest sum like $10,000 can significantly jeopardize their financial stability.
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