How do you subvert a nonprofit corporation? Infiltrate the board, deny or even change the mission. Intentionally neglect maintenance of any property to justify demolition and make way for the developers. Muhlenberg Hospital's closing taught us that the most heavily endowed nonprofits, with control of prime real estate, are most vulnerable to special interests taking over control of the board.
Saturday, September 29, 2012
Friday, September 21, 2012
Saturday, September 15, 2012
NJ-Hospital-Finance-09-Annual-Report
Page 28 describes the 152 million bond issued to Solaris for the purpose of expanding JFk Hospital and moving medical services, described as "no longer useful" out of Plainfield.
NJ Hospital Finance 09 Annual Report
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