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I didn't realise that there was so much money flowing through the Trust. In around €50m in 2022 alone.
Threadbans
Boggles
AndrewJRenko
It's an industry now.
Whether or not these charities help homelessness is another matter.
I agree that the many housing 'charities' operating now are no longer charities in the true sense. They are service providers with employees earning high salaries who have no real interest in actually solving the housing crisis because that would make their jobs redundant. It's apparent that the bigger the housing problem is the higher the salaries will be.
What I read the financial issues to be is just that they are experiencing a reduction in private donations and possibly want a higher government handout. I don't take it to mean there is financial irregularities.
However I have no doubt that if the charities finances are looked at in detail that funds are wasted by needless spending and not securing best value - careless management but not illegal or improper.
Their first mistake was contacting the trust …. Should have contacted the Gardai
big a big mistake if anything is proven… donors will walk away elsewhere with their cash.
You haven't answered the important question there - who, that is actually competent for the role, is likely to offer to be CEO of a relatively large charity for a nominal fee?
Its a full time role, so anyone with an existing full time role is out. Part time volunteer of skills is absolutely and utterly useless for a CEO position - great for the board, but pointless to actually run the place. Your imagined volunteers are board members, not executives.
They're already paying a crap salary for the role, but expecting a volunteer to step leads rapidly to the organisation ceasing to exist.
This charity should not exist - the state should be performing all of its roles and own all of its properties - but its actually poorly paid CEOs salary is not part of the problem.
Having worked in both the private sector, and as I mentioned previously - having worked with some of these charities, I can tell you that there would be no issue whatsoever in finding people who are willing to volunteer their time, skills, expertise and experience in service of causes that mean something to them. Unquestionably they are a very different calibre to the kind of person who a charity seeks to attract by offering them a €100k salary! 😂
No, the person who appears to be using the buzzword ‘charity’ with no apparent understanding of what it means is you, and indeed any organisation which is registered as a charity, but run like a private organisation, as though their primary source of funding isn’t practically guaranteed by receiving funding from the public purse in return for their services to the State. It’s not an unreasonable expectation that they would be able to provide value for the amount of public money they receive from the Exchequer seeing as they’re not answerable to shareholders.
I’m well aware that €100k is a small salary for an organisation of their scale in the private sector btw. I’m not comparing charity organisations to organisations the private sector - they are two very different things. Organisations in the private sector aren’t operating on the basis of charity. Charity organisations on the other hand, as the term suggests, should be, as opposed to being run like a business which is not required to make a profit.
When a charity can’t even break even, then looking at the salaries of their Board of Directors or their Board of Governors is usually the first place to look in terms of cost cutting measures given the vast majority of their employees are already on the breadline given what they’re actually being paid (and I’m not referring to their employees on various State-sponsored employment schemes). Either that, or they should look to scale back operations, rather than having the hand out for even more public funding like they’re siphoning money from a never-ending supply of it.
And neighbours had been complaining about the flat being used as a drugs den for ages and the Trust did nothing about it.
The statement admits there's "potential financial issues".
It doesn't look good.
There's nearly €40 million state (taxpayers) funding going into PMVT every year, they should absolutely should be brought to account for what's being done with it.
It's certainly not being spent on high-grade staff anyway, they couldn't even spot a corpse in one of their own properties ffs
If you give two euro to someone on the street that is charity.
If there is a middleman between you and that person who lives off a percentage of that two euro then it's a business. It has no right to call itself a charity.
Dodgy ?
They literally blew the whistle themselves and followed the correct reporting procedures.
Who is going to be a 'one dollar salary' CEO for a charity?
A one dollar CEO is doing it because they make money off having shares in the company. Are you proposing that a charity CEO should get a share of the charities assets? Because without a rather exceptional clarification of who you think would be CEO for free, that's the only other outcome from a 'one dollar salary' CEO. Or are you just slamming a buzzword in here without any idea of what it means?
110k is already a small salary for a CEO of an organisation of that scale, by the way.
Rather like when people suggest tiny salaries for TDs, nobody seems to ever realise the result of doing so .
OP snipped and a number of replies deleted - no speculation over what these issues are. I am sure announcements will be made in due course, but at present there is not going to be much that can be discussed here
But the CEOs salary is basically irrelevant. If they had someone on the average wage doing it I'd be vastly more concerned!
The CEO of a charity’s salary is very much relevant, particularly when the charity claims to be experiencing ‘cash flow pressures’. The point being they are not just a medium sized property development firm.
I completely understand that if a charity were looking to hire you that you’d be looking for the same terms as if they were any other employer, and that is indeed the way these medium sized charities are being run, as though they are like any other employer, when in reality they’re just not. I’ve been involved with a few of these charities on an entirely voluntary basis in similar roles to others who were directly employed by the charity, and much of the reason they grow to be the size they are is because of the amount of public funding they receive, as opposed to relying on donations from the public which don’t amount to a whole lot of their annual revenue.
They wouldn’t be nearly as large as they are without receiving public funding to manage housing which, while it is ultimately saving the Exchequer a bundle, it gives the wrong impression to suggest that a CEO salary should be €100k, for no other reason other than it’s the market rate for a CEO position in the private sector. Charities which are experiencing cash flow pressures would do well to take another leaf from the private sector - the idea of the one-dollar salary for the CEO position:
https://en.m.wikipedia.org/wiki/One-dollar_salary
110k is bugger all for a CEO of a medium sized property development firm, which is what these basically are.
Organisations that are volunteer run to the top cannot ever reach any significant scale, and professionals don't work for less than they can get elsewhere. If a charity was looking to hire me I would be looking for the same terms as if it was any other employer.
Now, I don't think any of these bodies should be operating the way they are - McVerry, Tuath, Cluid etc should all not need to exist and all "their" housing should be state housing, consider the state paid for it. But the CEOs salary is basically irrelevant. If they had someone on the average wage doing it I'd be vastly more concerned!
A million a week going through it, where does all the money go? Why is the CEO on circa €110k? Why does a country as small as Ireland have over 11,500 charities?
The Peter McVerry Trusts latest annual report shows that the charity received €38,378,909 in State funding in 2021. It also received €14,875,168 in charity-generated revenue and capital funding.
