Educational Housing Services, the not-for-profit entity that manages the dormitory for students and interns at the St. George Hotel building, Henry and Clark streets, is giving its residents a bum deal while paying top managers choice salaries, according to an article by Annie Karni in today’s Post.
New York Post: New York City college students are getting a lesson in gouging from the nonprofit that rents them their dorm rooms.
[T]he tax-exempt group — which pays CEO George Scott $718,032 a year and steered $2.9 million in 2010 to his wife’s company for providing “Internet, phone and cable services” — charges starving students above-market rents for below-market quarters.
According to the article, local brokers say students could share the rent for studios or one-bedroom apartments in the neighborhood for less than they pay for crowded spaces with shared bathrooms and communal “food warming areas” in the dorm. EHS counters that the dorm rent includes utilities, TVs in the room, access to fitness facilities, and top-notch security.
The article also says state Attorney General Eric Schneiderman has supoenaed EHS for information concerning its executives’ compensation. A hat tip to Teresa Genaro of Brooklyn Backstretch for alerting us to this.