"We must end the era of nonprofits being paid months and even years too late. Our nonprofits provide critical services for the most vulnerable New Yorkers, and we must provide for them by getting them the funding they are owed. Paying our nonprofits on time gives them the financial support and security they need to thrive," Rajkumar stated.
In Fiscal Year '22, three-quarters of the City's contracts with nonprofits were not registered before the start date and regularly took nine months to process. Nonprofits must provide services while waiting for payment, with many resorting to interest-bearing loans to meet payroll and other expenses.
New York City has over $12 billion in contracts with nonprofits for essential services. These include foster care, supportive housing, crime prevention, immigrant services, senior care, and community outreach.
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