Archive for November 17th, 2009

Recession-Proof Job? Non-Profit CEO

Tuesday, November 17th, 2009

 Energy

Photo by: tochis

The Community Preservation Corporation, a 35-year-old nonprofit lender that specializes in issuing mortgages to landlords of small buildings and properties receiving public subsidies, is offering $1 billion in credit to New York State apartment building owners.The group’s new “green financing initiative” offers mortgages or refinancing to landlords who fix wasteful energy and water systems in their buildings.To read the rest of this article, please follow the hyperlink to The New York Times web-page.

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Non-profit front for Iran, U.S. says

Tuesday, November 17th, 2009

 Building

Photo by:  Andrey

The U.S. government has filed a lawsuit against a non profit out of New York that aimed at promoting Persian philanthropic causes, but it turned out to be a front for the Iranian government.  The U.S. attorney for that district is seeking forfeiture of a Manhattan office building tower used by the Alavi Foundation.  For two decades their operations have been controlled by Iranian officials and recent accusations have caused this lawsuit to come about.To read the entire article, please follow the hyperlink to the UPI web-page.

The best way to avoid such a problem is good governance that provides clear controls and accountability within the organization. 

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