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Discussion of Controller's Office report and Human Services Council survey on late payments to nonprofits
1:14:24
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50 sec
Council Member Julie Won presents findings from the Controller's Office report and Human Services Council survey regarding late payments to nonprofit human service providers. She then asks MOCS/MONS to comment on the level of financial distress among these providers.
- Controller's Office report indicates $1 billion outstanding in payments for invoices
- Human Services Council survey found 90% of respondents were owed money, totaling $548 million in late payments
- 48% of surveyed organizations had taken out lines of credit worth $87 million
Julie Won
1:14:24
Okay.
1:14:25
We'll keep on following up.
1:14:27
Yesterday's report from the Controller's Office said that there was a billion dollars outstanding in payments for invoices.
1:14:33
And in November 2024, the Human Services Council, which represents a number of nonprofit human service providers, released a result of a survey of its 170 member organizations.
1:14:43
The survey found that 90% of respondents were owed money outstanding from payments from the city.
1:14:48
And totaling 365,000,000.
1:14:50
30 2 percent had experienced payment delays of at least six months and forty eight percent had taken out lines of credit worth a total of 87,000,000.
1:15:00
According to the latest update this year, the total has now grown up to $548,000,000 in late payments owed to nonprofit providers.
1:15:09
Can Moksha Manz comment on the level of financial distress among human service providers due to late payments from the city?