The ever-increasing values of real estate in California are causing operational challenges for charities. Many charitable entities depend on donations and grants from the private, public, and the government for their survivals. When rental fees in places like Los Angeles and San Francisco increase rapidly on an annual basis, many charities struggle to remain operational. Although some nonprofit organizations are forced to close down, others survive by sourcing for extra funds to cater for their costs. Alternatively, some charities decide to relocate to a more cost-friendly location.
Why does this real estate problem affect Californians?
In California, many nonprofit organizations support a wide array of causes, ranging from medical services, childcare, tax assistance, to adult job training support. These organizations assist disadvantaged individuals and families in accessing items and services, which may be unaffordable to them. Therefore, when California charitable organization close down due to escalating real estate values, the individuals and families that depend on their products and services go without or dig deep into the pockets to pay for them.
A look at the status of San Francisco real estate
San Francisco prides itself on having the highest rates of per-capital income in the United States. With its improved economic expansion after the Great Recession, the city has one of the highly valued real estate markets in the nation. San Francisco is recognized as the greatest city that enabled California to survive and continue to grow even after the Green Recession. Families and people who depend on those nonprofits are suffering. The $2.7 million donations from the city to address the rent issues facing charities catered for only 13 organizations, representing a minute fraction of all charitable entities available in the city. Click here to know more.
Omar Yunes emerges the winner in the prestigious Best Franchisee of the World (BFW) Contest
Sushi Itto’s Omar Yunes trounced several competitors from different nations across the globe to win the BFW competition that occurred on December 5, 2015. Florence, Italy, served as the host for this auspicious event. Omar won due to his excellent contributions to the ceaseless growth of the brand he manages. At just 21 years, he was a franchisee at a recognized Japanese Food Chain. Today, Omar owns and runs 13 franchised units, which are centrally located in Veracruz, Puebla, and Mexico City.