“This is a very difficult time for everyone associated with the South Brunswick Family YMCA,” said Jeff Hermann, Chair of the YMCA’s Board of Directors in a statement. “Like so many businesses and organizations in our area, our YMCA has been hit hard by the economic recession. Declines in membership and donations over the past few years have proven too difficult to overcome."
Earlier this year, the YMCA filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey in Trenton with hopes of bolstering the floundering organization moving forward.
"We filed for Chapter 11 bankruptcy in January with the intent of reorganizing and strengthening our YMCA, but despite our best efforts, we are not able to generate the financial resources necessary to sustain our operations on a long-term basis," Hermann said on Thursday.
The YMCA, which served about 400 members, had 10 full-time employees and over 80 part-time employees who now find themselves out of work with the closing. Earlier this year, the YMCA named Hermann as it's third Board President, as he succeeded Anthony Campisano, who stepped down after six years as Board President.
The YMCA statement said future updates and questions should be directed to the organization's Facebook page by clicking here.