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Madison Square Boys & Girls Club sees $2.23 million December net loss
By Sarah Lizee
Olympia, Wash., Feb. 2 – Madison Square Boys & Girls Club, Inc. reported a $2.23 million net loss for December on negative $823,965 of gross income, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the debtor reported a $1.15 million profit for November on $3.11 million of gross income.
The cash balance at the end of December was $9.05 million, down from $10.25 million at the end of November.
The New York-based non-profit after-school program provider filed Chapter 11 bankruptcy on June 29, 2022 under case number 22-10910.
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