Nonprofits aren't supposed to be about personal gain -- at least according to the IRS and the general public and donors and well, just about everyone.
But, this is not what the former head of the Philadelphia Housing Agency and creator of the Pennsylvania Association of Public Service Agencies thought. From his activity with this nonprofit, he was creating an extra source of income for him and his close-knit and small board (although the exact benefit to board members remains to be seen).
Check-out the story in the Philadelphia Inquirer to get a glimpse of the playbook used for masking a nonprofit as a personal bank. The good news is that it really didn't work. The bad news is that it had a shot of actually working. Hopefully there are lessons to be gleaned that charity watchdogs and others can share with those who really do want nonprofits focused on having positive outcomes community-wide, not just for a few individuals.