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Throughout 2009, more than 3.3 million New York City residents, experienced difficulty affording needed food for themselves and their families. (Food Bank for New York City)
Union Settlement Association
Manhattan
For 116 years, Union Settlement Association has worked with and for the struggling community of East Harlem. A community mainstay, they seek to foster leadership and self-sufficiency by assisting their neighbors in building better lives for themselves and their families, and serve more than 13,000 residents each year.
Financial Management Services
UNH works in partnership with colleague organizations including the Nonprofit Finance Fund (NFF), Financial Management Associates (FMA) and Community Resource Exchange (CRE) to help UNH members with strategic decision-making and financial management and to make resources available to pay for this assistance.
Nonprofit Finance Fund’s (NFF) Program Profitability Modeling (PPM) helps organizations understand the revenue and expense dynamics of each major program and determine which programs are operating at a “profit” or “loss”.
NFF helps settlement houses to:
- Develop accurate financial forecasts
- Evaluate the impact of revenue shortfalls
- Explore opportunities for maximizing revenue, cutting costs and re-channeling resources
- Manage risk and think creatively about their organization’s financial future
Financial Management Associates (FMA) has offered a number of services to UNH members to examine the fiscal strength of an organization. These programs have included FMA Institute which provides in-person classes and webinars for nonprofit staff to help them manage their financial resources as well as free group and individualized fiscal systems analysis for CFO’s and Executive Directors.
Institute courses include such topics as:
- Budgeting: A Strategic Team-based Approach
- What Your Financial Statements Really Say
- The Board’s Financial Leadership
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