BETHESDA PROJECT
“They know nonprofit accounting…”


Angelo Sgro
Angelo Sgro
Executive Director

In the City of Philadelphia, there are more than 3,000 beds to provide temporary shelter for 27,000 homeless persons over the course of the year. Bethesda Project a faith-based agency named for the Biblical healing pool meaning “house of mercy,” has 310 of those beds in six locations around Center City, plus 142 permanent housing units. Founded in 1979 as a response to the increasing homelessness and abandonment of poor people in the Delaware Valley, on any given night Bethesda Project may be sheltering over 400 men and women – and is seeing significant increases with the economic recession creating new populations of homeless. Each year, 150 full- and part-time staff and a large volunteer corps provide a 24/7 continuum of care for more than 2,000 men and women with housing, supportive services and work readiness programs.

Your Part-Time Controller Associate Cindy Ryan comes in to Bethesda Project headquarters once a month, usually on the day when the finance committee and board of directors meet. Ryan closes out the monthly books and produces an income statement which is reviewed by the business manager and Executive Director Angelo Sgro. It then goes to the finance committee. “At the end of these meetings, we have a pretty solid income statement that everyone can agree is accurate – and then we present it to the board of directors,” says Sgro. “This is a terrific way for us to manage our finances.”

Sgro is particularly impressed with how Ryan produces rolling forecasts to project year-end figures. “It’s a real important service,” he says. “If you have a problem, you want to know about it.” Ryan also prepares year-end materials to get the books ready for the auditors.

Occasionally, a problem arises and Ryan comes in for an extra day to help solve it. And when Ryan was seriously injured in a car accident and laid up for several months, another YPTC associate was a pinch-hitter who “didn’t miss a beat. Your Part-Time Controller knows what they’re doing. They know nonprofit accounting.

“Cindy is terrific,” says Sgro. “We have a full-time bookkeeper and business manager, but with Your Part-Time Controller we don’t need to hire a full-time accountant. We see absolutely no reason to change what we’re doing.”



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