BENEFITING: BACK ALLEY BIKES
EVENT DATE: Aug 31, 2016
Friends and Supporters,
Since 2008, the Hub of Detroit has facilitated the reuse of thousands of bicycles on behalf of its non-profit partner, Back Alley Bikes, in the process providing a significant portion of Back Alley's annual operating budget. While we are very proud of the model that allows these two entities to work together, no system is completely immune to the effects of changing circumstance and occasional market headwinds.
In the spring of 2016, the Hub of Detroit entered a period of reduced cash flow, brought on by a sluggish start to the retail season and exacerbated by recent managerial turnover. This reduction in cash flow has, in turn, compromised the Hub's ability to provide a steady funding source for Back Alley Bikes programming during the season.
Your support during this difficult time is very much appreciated. We certainly understand the extent to which a basic community trust undergirds everything we are able to accomplish, and we will continue to hold that trust in the highest regard. Thank you for your contribution to our organization,
President, Board of Directors, Back Alley Bikes