Beyond overheard | Office turmoil's $1B cost | Fidelity's RTO change

Welcome to the BBJ's LinkedIn Weekly Edition! I'm Digital Editor?Jess Aloe, bringing you the business knowledge you need this week.

Beyond overhead

While it can be difficult for donors to gauge the effectiveness of a nonprofit from a financial perspective, the? organization’s overhead percentage — for better or worse — often provides a shortcut. Overhead has long been a way for the public to see what share of a nonprofit’s expenses goes toward its mission.?

Lately that view has been changing.

A Business Journal review of overhead costs at the state’s 25 largest nonprofits found a wide variation when it comes to overhead.

“The idea that you can compare nonprofits with a one-size-fits-all measure is kind of pie-in-the-sky,” said Jason Coupet, a public management and policy professor at Georgia State University.

Read more in this week's cover story by Grant Welker .

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If you know a Boston startup that is driving the city's ecosystem forward, nominate it for Inno Madness, BostInno 's bracket-style competition for fast-growing, tech-enabled businesses. Submit nominations by Friday, Feb. 23!

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Here's what else happened this week

Office turmoil spells trouble for Boston

The city of Boston will lose out on an estimated $1.2 billion to $1.5 billion in commercial-property tax revenue over the next five years because of the declining value of office buildings, a major budgetary hole that officials will be hard-pressed to find ways to plug, a new report found. Could a 'doom loop' for Boston be looming? Get the details.

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DPH: Closures still on the table for Steward's hospitals

Gov. Maura Healey and Department of Public Health Commissioner Robbie Goldstein addressed Steward's financial crisis this week, saying that some form of reorganization or transition is still likely despite bridge financing.

The state officials called on Steward to "develop a reasonable plan, and relay that plan and a timeline to us, and then work with us to move the process forward."

Here's what else they said.

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Fidelity ups return-to-office policy

富达 , one of the largest employers in the city of Boston, said this week it will require most employees to report to the office 50% of the time, up from 25% currently, starting in the fall. Read more.

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SVB president: First Citizens is 'letting SVB be SVB'

Almost a year after being acquired by First Citizens Bank , the president of Silicon Valley Bank emphasized that the bank's new owner wants his unit to get back to what it became known for over three decades: focusing on the innovation economy.

SVB President Marc Cadieux said his unit has been granted significant independence despite the fact that First Citizens has a "more conservative" approach to banking. While Cadieux and his team report to First Citizens executives, the bank is “letting SVB be SVB and doing their best not to get in the way,” he said during a Monday conversation with the Boston Business Journal .

Read more. ?

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