Business & Finance

YMCA Set to Reorganize, Sell Watchung Avenue Building

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Plainfield YMCA Credits: Jennifer Popper
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PLAINFIELD, NJ - The Plainfield YMCA Board of Directors has voted unanimously to sell its 50,000 square foot building located across from city hall as part of a strategic plan to strengthen its financial platform, and to reorganize the services that the YMCA intends to continue offering in a new site in town, yet to be determined.

The Board has retained specialists with proven track records to facilitate and manage the sale on their behalf.

Over the last five years, the Board has worked tirelessly to transform the operating model of the YMCA, and as part of this initiative, it planned to create an Age-Out Program that would provide 30 supervised apartments for young adults aging out of foster care, and simultaneously make use of underutilized space on the top two floors of the YMCA. Despite considerable effort by all parties involved, the Board determined that the final terms of the public and private funding to execute the program was not in the best ‘long-term’ interest of the YMCA.

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Board Chair Kieran Anderson stated, “It is our fiduciary responsibility to both the YMCA and the city of Plainfield to do what is best for the organization and the individuals we serve.  For the past several years, the Plainfield YMCA and similar non-profits have suffered from significant cuts in state and federal funding, which have consequently reduced the size of our programs in a building that is already too big for our current needs." 

Anderson added, "This financial strain hindered our ability to deliver desperately needed services that include an Emergency Homeless Shelter, an After-School Child Care Program and a Work Force Development Program for young adults seeking their GED and workforce training.  It is clear to my fellow Board members and me, that in order for us to continue our mission, we must do so in a more efficient setting better suited to the services we plan to continue offering.”

 

About The Plainfield YMCA

The Plainfield YMCA was founded in 1877 and is a community-based, 501(c)(3) nonprofit providing housing and social services to the Plainfield community for over 141 years.  Residing at 518 Watchung Ave in Plainfield NJ since 1923, the YMCA is  one of the largest non-profits in Plainfield and impacts over 2,000 youth, teens and families through a variety of programs focused on youth development, healthy living and social responsibility.

As a leading non-profit committed to youth development, the YMCA has a long history of encouraging and supporting children in building literacy, improving academic engagement and performance, skill building, accessing higher education, and employment training.

For additional information on the Plainfield YMCA please visit our website at www.plainfieldy.org or contact Board Chair, Kieran Anderson at (908) 337-3366.

 

Editor's Note:  TAPinto Plainfield is owned by Queen City Daily LLC, a division of the Plainfield YMCA.

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