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Finance & Audit | Featured

Building a Financially Resilient Nonprofit: The Power of Operating Reserves

Nonprofit operating reserves represent the unrestricted funds an organization has set aside to help maintain financial stability and weather unforeseen challenges. They serve as a safety net, allowing nonprofits to continue functioning during economic downturns or when faced with unexpected…

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NNN lease basics
Operations

The Basics of Triple Net (NNN) Leases: An Introductory Guide For Nonprofit Tenants

When the Dreams Foundation, a nonprofit organization dedicated to empowering underprivileged youth through education and mentorship, decided to open a new community center, they knew they needed to find a space that would suit their needs while also being cost-effective….

NNN Lease Pitfalls
Operations

Common Pitfalls in NNN Leases for Tenants and How to Avoid Them

Are you considering signing an NNN lease agreement? While these leases offer certain advantages, they also come with potential pitfalls that could significantly impact your business. Whether you’re a seasoned tenant or a first-time lessee, it’s crucial to understand the…

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NNN Lease Maintenance
Operations

Maintenance and Repairs in NNN Leases: A Comprehensive Guide for Nonprofit Tenants

Are nonprofit tenants responsible for property repairs in triple net leases? How do maintenance costs affect NNN lease agreements? If you’re a nonprofit organization considering leasing commercial space, understanding your maintenance and repair responsibilities is essential for budgeting and long-term…