While a nonprofit board may get involved in the weeds and deal with any number of tactical issues, all boards need to take the long view and be aware of their long-term viability.
Last year's withdrawal of an $800,000 annual subsidy to Lancaster's Atlantic Union College from one of its major funding sources appears to have been the death knell for the struggling Seventh-day Adventist School. While the closure is stunning in many ways, it's hardly a surprise.
Atlantic Union College, a small Christian school in Lancaster struggling with finances and a lack of accreditation, will effectively close after the spring semester.
Atlantic Union College, a small Christian school in Lancaster struggling with finances and a lack of accreditation, will effectively close after the spring semester.
These properties – which could host retail, housing, industrial or office complexes, or some mix – are practically hiding in plain sight, simply waiting for the right buyer or builder.