The New York Times recently cited research published by SeaChange’s Minji Kim in its analysis of “Why New York’s Day Care Centers Are Going Broke” – it underscored the major issues associated with delayed registration and payments for City contracts. Read the NYT article here and Minji’s publication here.

Despite the attention it has received, contract registration is only the first step of the process that leads to payment. While Passport Public is a fantastic new tool, it only covers some contracts; and Checkbook – the other public source of data – is exhaustive but only for contracts that have…

This last summer, the Adams administration announced that $4.2 billion in payments to nonprofits had been “unlocked” through a 12-week initiative that registered 2,600 previously unregistered, retroactive contracts. While this is welcome news, nonprofit leaders know all too well that registration is only the first step to getting paid. In…

As previously discussed, human services contracts awarded by New York City have been plagued with issues of late registration and delayed payments. The Adams administration unveiled its new PASSPort Public system to bring transparency and accountability to these long-standing problems. This article highlights and analyzes some of the…

In May 2019, SeaChange provided a ~$373,000 loan to Brooklyn Community Services to cover acquisition and development costs of a shower bus in Brooklyn. The loan helped bridge the arrival of City funds secured for the project. The bus travels around East New York, Coney Island, and Park…

SeaChange has published a new report, A Primer on Nonprofit Mergers & Sustained Collaborations, detailing learnings from NYMAC’s work funding nonprofit collaborations since its founding in 2012.

We were please to see SeaChange listed as a resource for nonprofits embarking on an M&A process in this article from the Stanford Social Innovation Review by Christie George and Taren Stinebrickner-Kauffman of New Media Ventures. The article aims to “reframe M&A in the nonprofit sector as a…

It was great to see two exciting projects supported by SeaChange and its affiliated loan funds mentioned in the news this month: 1. The Bushwick Starr (“Starr”) | The Starr has acquired a new permanent home for its theater and community arts program, which is expected to open…

While there is a lot of posturing about racial and social justice, real progress often requires concrete changes in the machinery of government in small but important ways that inure to the benefit of our most vulnerable citizens and those that serve them. It can be easy to…

Never have so many organizations brought to the brink of financial calamity by delays in contract registration and payment by New York City and State. Outrageous delays that are seldom reported since the nonprofits fear that going public would only make things worse. (And who would they complain…