"Bankruptcy, 'Y Without Walls,' and Property Sales: How YMCAs Are Navigating Survival in a Post-COVID World"
post-covid-recovery-uneven-across-alabama-ymcas-an-uphill-battle.html
@MsAshFacts 
Alabama YMCAs are addressing post COVID-19 pandemic financial challenges in different ways.
While one went the route of bankruptcy protection, another sold its property and now has a very low operational cost.
Huntsville YMCA sought bankruptcy protection in August when more than $15 million in loan repayment came due.
“We need to be profitable, and we need to have surpluses because we need to be able to take care of our facilities and to provide for services, but a lot of times, it does not happen that way,” Jeff Collen, Huntsville YMCA interim CEO, said. “It’s the life of the nonprofit world.”
