A nonprofit that has become a major homeless shelter provider in a short time frame is being audited by the city — less than a year after it scored $407 million in contracts.
Childrens Community Services lassoed two mega-contracts with the Department of Homeless Services last June to operate hotel shelters in four boroughs and charge as much as $270 a night to house a family in a room.
The city inked the deals even though the nonprofit only started four years ago and its most recent tax filing showed it was $6 million in the red.
One contract was for three years and $360 million to house homeless families. The other was for $47.7 million to house single adults.
When the Daily News inquired about the nonprofit's debts and murky financials, Homeless Services said it planned to procure an independent accounting firm to review Childrens Community Services and pare down the number of shelters the nonprofit operates.