Update - April 3, 2017

North Central Florida YMCA will remain in the Gainesville Community

GAINESVILLE, FL– Thanks to the generosity of local philanthropists, the local YMCA will now own their facility and will remain in the Gainesville community.

The Community Foundation of North Central Florida (CFNCF) has announced that it has received private donations from Ms. Gladys Cofrin and Dr. Daniel Logan and an anonymous donor to pay for the YMCA building in the form of a grant totaling $1 million.

Barzella Papa, CFNCF’s President and CEO, says the Foundation helped by providing confidence to the donors that improved benchmarks will be key to the recovery plan for the YMCA. The Foundation has assembled an oversight committee, chaired by Hutch Hutchison and comprised of community leaders Melanie Shore, Mitch Glaeser and Carole Zegel, who will work closely with the Y to achieve their goals.

"Our YMCA is an institution in our community and provides tremendous programs that we did not want to lose," said Papa. "We will be working closely with the YMCA to assist with their sustainability moving forward."

While the grant will pay off the mortgage, efforts will continue to raise additional funds in order to ultimately obtain a full discharge in bankruptcy by satisfying remaining creditors as well as providing necessary funds for critical facility improvements. More than 400 YMCA and community members have currently pledged additional gifts through grassroots fundraising that will enable the YMCA to achieve these goals.

"Thanks to the efforts and support of so many, most especially those gracious angels who wish to remain anonymous, we finally have a strong foundation from which to rebuild." stated John Bonacci, CEO, adding "We will continue to improve the financial sustainability, quality of programs, and increase the number of people served in our community. We look forward to solidifying many of the potential partnerships that have been discussed in recent months, and drastically restructuring the way nonprofit organizations serve the Gainesville community."

"This has been a labor of love for a lot of people," said Papa. "It’s good to see our citizens stepping up to save a community treasure."

For more information, contact:
John Bonacci (YMCA) (352) 374-9622
Barzella Papa (CFNCF) (352) 367-0060


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