City Council Speaker Adrienne Adams held a discussion with Black nonprofit leaders, highlighting the crucial role of NYC nonprofits in providing vital services. These organizations are essential for childcare, health services, and community programs. However, they suffer from delayed payments, with more than 90% of contracts registered late in FY 2024, leading to median payment delays of over 350 days. This situation jeopardizes their operational capacity and the livelihoods of their staff. Mayor Eric Adams announced a plan to expedite payments, seeking to address these longstanding issues and stabilize the nonprofit sector.
Nonprofit providers in NYC are struggling with significant payment delays from the city, impacting service delivery and financial stability for both organizations and their staff.
The City’s nonprofit organizations provide essential services but face challenges from delayed payments, hindering their ability to focus on serving the community effectively.
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