Dear Reader:
Thank you for your inquiry. The problem with Baker Places is the
lack of oversight of how it has spent the taxpayers’ money over the past 10
years. I have documented that according to IRS 990s, Baker Places has lost $3.4
million over the past 10 years: See Financial Documents and Information Prepared
for Tom Mesa, a Representative of the Department of Public Health post on May 7, 2016 for additional information.
The last time Baker Places was audited by the City and County of
San Francisco was 2008. Because Baker Places is the largest recipient of
taxpayers’ money as a nonprofit ($12 million annually), it should be audited
every year. Please note that the 2008 audit found many problems with Baker
Places adhering to commonly accepted accounting principles; See San Francisco Board of Supervisors: Defund
Baker Places—Now! for additional
information.
Areas of concern:
* Property which is donated to Baker Places via grants, such as
the Mayor's Office of Housing appear to be deeded in Baker Places name.
This is why Baker Places is able to sell property which has been donated as
occurred on 54-56 Francis Street on February 12, 2015.
* The funds which Baker Places is allotted by the taxpayers is
comingled with Jonathan Vernick's private corporation. See : Jonathan Vernick Et Al v. Mynette Boykin ::
Superior Court of ...for background info on
Jonathan Vernick's private holding corporation.
*
Baker Places lost $825,000 according to the IRS 990, 2014 form. Please see www.citizenaudit.org and type in Baker Places, Inc. to retrieve copies of the
originals. In addition, I have used www.guidestar.org as a
resource. Note that these sites may now be for pay and thus may have
limited access.
Some
possible questions: Is the financial mismanagement at Baker Places part of a
larger pattern? Is there intent to mismanage
the public’s money or is it just incompetence? In addition to Jonathan Vernick,
who else is part of the mismanagement of the taxpayer’s money? Have any of the
members of the San Francisco Board of Supervisors been influenced to allow the
present situation to continue to exist?
Thank
you for sharing your insights. I hope the above points are helpful in answering
your questions. Feel free to write back if I can provide any additional
information.
Sincerely
Yours,
Harry
Petersen
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