The camps are managed by Urban Alchemy, the San Francisco-based nonprofit that has rapidly grown into a multimillion-dollar street services enterprise and embodies an elastic philosophy of shelter.
Aggressive marketing aligned with rising public discontent over homelessness made for a winning strategy. By 2021 it reported $51 million in revenue primarily from contracts for street outreach and shelter operations in San Francisco; Austin, Texas; Portland, Ore.; and Los Angeles.
The hospitals in my area are all “non-profit.” The SNF I worked at was “non-profit.” They bragged that they were bringing in over a billion in revenue as a moderately sized regional health network when they were trying to recruit us in nursing school It doesn’t mean anything other than they have to spend all their money by the end of the year, which is typically done by padding administrative and executive salaries obscenely while paying nurses and CNAs a pittance.
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