9 Hrs
Source:
New York Post
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LA’s $87M Fund Under Review
A Los Angeles nonprofit, funded primarily by government contracts, has experienced significant financial growth over five years, increasing its revenue from $17.6 million to $58.6 million and doubling its net assets. Despite this, city officials are demanding a full audit after discrepancies emerged between reported expenses on housing and eviction defense and the amount of government funding received, with the potential difference reaching approximately $87 million. The nonprofit insists all funds are accounted for, but questions about transparency and financial accountability remain as authorities seek to reconcile spending with funding disclosures.
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