Non-profit, profits from theft in San Francisco

 American Action News:

San Francisco’s city attorney on Monday accused a nonprofit that has received tens of millions of public dollars to provide homeless services of stealing public funds.

Providence Foundation, led by Patricia Doyle, allegedly “took over $100,000 of public money meant to benefit people experiencing homelessness” by submitting fraudulent invoices to San Francisco, according to a press release from the city attorney’s office. Doyle’s foundation has received roughly $100 million in contracts from the city, though its tax forms don’t include information on how much of its revenue went toward executive compensation, as is standard practice among nonprofits.

“There’s a difference between having challenges with financial compliance and intentionally defrauding the City and its taxpayers,” City Attorney David Chiu said. “This nonprofit took over $100,000 of public money meant to benefit people experiencing homelessness. That cannot be tolerated.”
...

San Francisco already had a problem with homelessness because of its high-priced rental and real estate market.  It looks like thieves found a way to make a profit from the outfall of real estate prices in the city.  Its homeless problem is also made worse by its drog culture.

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