Affordable housing nonprofits could spend less on lobbying and salaries / more on services
By Hicbd
Tue Mar 21 2023 10:32 am
"Internal financial records show that annual revenue for TODCO’s main nonprofit entity has more than doubled over the last decade while it has steadily reduced the share of revenue it spends on its residents, who are low-income and disabled seniors and formerly homeless people. Meanwhile, the nonprofit has splurged on lobbying, political campaigns, salaries for executives and grants to other political groups."
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