Citywide

As nonprofits seek to generate revenue to preserve their programs, many are considering new or different fundraising strategies. In addition, many are evaluating whether, when or how much to charge for goods and services that they provide to the community. This seminar will review legal and regulatory issues that nonprofit managers should take into account when they engage in certain types of revenue generation activities beyond traditional fundraising appeals.

Nonprofit organizations rely upon collaborations to enable them to deliver services they cannot deliver alone. By collaborating, groups are able to draw upon outside expertise, expand geographic reach and tap otherwise unavailable resources (e.g., financial, personnel). With limited resources to devote to back office operations, nonprofits are considering consolidating back-office operations with other nonprofits or contracting with outside vendors for back office support.

Paying excessive compensation for management salaries or goods or services provided by insiders is not only wasteful – it may result in IRS or NYS penalties against a nonprofit and the responsible individuals.

The Neighborhood Stabilization Program was created to address the foreclosure crisis, create jobs, and grow local economies by providing communities with the resources to purchase and rehabilitate foreclosed homes and convert them to affordable housing. NSP is also trying to prevent future foreclosures by requiring housing counseling for families receiving homebuyer assistance funds through NSP. In addition, it seeks to protect homebuyers by requiring grantees to ensure that new homebuyers under this program obtain a mortgage from a lender who agrees to comply with sound lending practices.