More and more of the nonprofit entities are being forced to halt construction and other projects due to financial issues.
Wired PR News – The recession has affected the circumstances of many churches throughout the nation. As reported by the Associated Press (AP), several pastors are now struggling to keep their places of worship because of the dramatic economic changes that have left them unable to pay for building or other costs.
As noted, many pastors of churches like the Metropolitan Baptist Church have been forced to halt construction projects or sell buildings and rent spaces due to financing drying up. John Stoffel, a pastor of the Huntington, California based Seabreeze Church, is quoted as stating, “The economy has dramatically changed over the last year to 18 months in a way that very few, if any, had expected.”
Factors contributing to the financial issues of churches include a significant decrease in donations and mounting loan debts from booming years that they’ve been left unable to pay. Reverend H. Beecher Hicks who pastors the Metropolitan Baptist Church in Washington is quoted as stating of the struggle, “We’re struggling to do a good thing for our community… Hopefully, we’ll get past this impasse and move forward.”