Exposed: Nonprofit Executives Cashing In on Homelessness

Submitted by MAGA

Posted 10 days ago

**Exposed: Million-Dollar Salaries in Taxpayer-Funded Homeless Shelters**

In a startling revelation, a recent investigation has unveiled a troubling trend within New York City's nonprofit homeless shelters, where executives are reportedly pocketing exorbitant salaries of up to $1 million.

This shocking report, produced by the city’s Department of Investigation, scrutinized 51 nonprofit homeless shelters, and alarmingly found that issues plagued each and every one.

While taxpayers are footing a staggering $4 billion bill for homelessness services in 2024—up from $2.7 billion in 2022 due to the influx of asylum seekers—funding has seemingly become a pathway to million-dollar salaries for shelter executives rather than a means to effectively address homelessness.


Prominent examples include CORE Services Group, which received roughly $467.5 million from the city between 2017 and 2023, a portion of which enabled its CEO to take home more than $1 million in a single year.

Similarly, Acacia Network, reportedly in receipt of $1.5 billion within the same timeframe, compensated its president, Raul Russi, with nearly $936,000 in 2022.

Not only do these shelters showcase a glaring lack of accountability, but they are also riddled with conflicts of interest. The audit highlighted instances where contract awards to security companies owned by the shelters resulted in profits that directly benefited shelter executives—a move that raises serious ethical concerns.

For example, SEBCO Development Inc. seemed to exploit city funds by signing a no-bid contract with its security affiliate, leading to payments exceeding $11.6 million over four years.

The report also brought to light instances of nepotism, with family members of shelter executives being employed, thereby flouting the very nepotism clauses designed to ensure fair hiring practices.

Vinny Gleeson, a concerned city council member, voiced his frustration, commenting, "It seems that the culture of opulence has overtaken the mission of helping our city’s most vulnerable residents."

The findings call into question the priorities of New York City’s leaders, who, while professing a commitment to addressing homelessness, appear to have allowed a system of unchecked spending and self-dealing to develop.

As taxpayers continue to bear the financial burden of a spiraling homeless crisis, it is crucial that city officials enforce greater transparency and accountability in how funds are allocated, ensuring that financial resources ultimately serve those in need rather than lining the pockets of wealthy executives.

The audit serves as an urgent reminder that reform is necessary in taxpayer-funded organizations to ensure that the benefits reach the intended recipients.

Sources:
wnd.com
justthenews.com
justthenews.com












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