YMCA of Greater Houston’s operating income took $50M hit due to Covid-19

When gyms and other facilities had to close earlier this year due to Covid-19-related restrictions, the YMCA of Greater Houston took a big hit.

The organization had to shut down activities representing 80% of its revenue sources, and $50 million of its operating income has disappeared over the past six months, said Stephen Ives, president and CEO of YMCA of Greater Houston, speaking on an Oct. 27 Houston Business Journal panel. 

The YMCA had to rethink how to use its facilities and buildings…