Update - January 30, 2017

North Central Florida YMCA to Continue Operations

GAINESVILLE, FL– John Bonacci, CEO of The North Central Florida YMCA announced that the Board of Directors of the North Central Florida YMCA has decided to continue operations. Attempts to gain community support to raise the $1.2M necessary to continue operations continues to progress, with the current amount pledged at $940,000 plus proceeds from a Save the Y event at $11,000.

“While the organization is still under the auspices of the US Bankruptcy Count from a filing on 12/14/16 and the fate of the agency is still dependent on the raising of the remaining $250,000 to pay off creditors in order to have the case dismissed, the fundraising progress of the past 5 weeks is substantial justification to continue to provide the much needed programs and services to the community.” stated Robert Walpole, Board President.

“We are hopeful that our continued conversations with many pillars of the community will bear the fruit necessary to overcome the current shortfall and keep us here permanently.” stated John Bonacci, CEO, adding “I will continue to fight for the people we serve until they carry me out of here.”

Requests for additional information should be directed to:
John Bonacci, CEO by calling 352-374-9622 or by email at j.bonacci@ncfymca.org.

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The North Central Florida YMCA in Gainesville has filed for bankruptcy and is set to permanently close its doors on January 31st, after 49 ½ years of serving our community. The YMCA leadership and we the people of Gainesville do not intend to let that happen. The YMCA currently serves over 5000 people in our community, including over 2000 children and 1800 seniors. We have raised $207,000 in pledges from our members and a $600,000 pledge that needs to be matched to keep these programs and services going. Please help today.

  • In 2011 the North Central Florida YMCA filed for a Chapter 11 Restructuring Bankruptcy, due to $9,000,000 in debt and an operating efficiency of 56%.
  • In 2012 the YMCA hired new leadership that restructured the organization, leading to a reduced debt of $3,600,000, increased efficiency to 92%, has grown membership to a 9 year high, and has 2016 positive net income at the best levels since 2008.
  • Unfortunately the YMCA is still haunted by the sins of the past. The debt service on the $3.6M is more than cash flow will bear and the facility is in desperate need of repairs. This has led to forcing the YMCA to reenter bankruptcy as a Chapter 11 liquidation and is set to permanently close its doors on December 30th after 49 ½ years of serving the Gainesville community. The YMCA currently serves over 5000 people in our community, including over 2000 children and 1800 seniors.
  • The YMCA leadership and we the people of Gainesville do not intend to let that happen. We have negotiated the forgiveness of the $3.6M in debt for $1M, which would allow the YMCA to own their building debt free. We need an additional $200,000 to pay off some miscellaneous debts and allow the organization a fresh start. We also aim to raise $300,000 for the facility renovations. This puts our fundraising goal at $1,500,000. As of December 30th we have raised $207,000 in pledges from our members and a $600,000 pledge that needs to be matched to keep these programs and services going.
North Central Florida YMCA Welcomes You!

 

updates

The North Central Florida YMCA is to an inclusive organization of men, women, and children joined together by a shared commitment to nurturing the potential of children, promoting healthy living, and fostering a sense of social responsibility.

All YMCA programs emphasize the four character development traits - caring, honesty, respect, responsibility. Through discussion, role modeling, and skill development, program leaders help participants develop and practice these character traits. Caring, honesty, respect, and responsibility are the cornerstones of YMCA programs for all ages. We build strong kids, strong families, strong communities.

Facility Hours
Mon - Friday
6am - 9pm
Saturday
9am - 5pm
Sunday
1pm - 5pm