Yeshiva Keter Torah in Lakewood is the latest victim of the dire financial state of our community’s mosdos, as the yeshiva has been forced to close after consultation with Rav Matisyahu Salomon.
Rav Salomon, mashgiach of Beth Medrash Govoha, recently advised Yeshiva Bais Hatorah in Lakewood that unless it can form a responsible budget, it may not open (see Matzav reprotes here, here and here). Keter Torah, led by its rosh yeshiva, Rav Mordechai Dabbah, is now in the same predicament and was advised similarly. Rabbeim in both mosdos have not been paid in months.
The yeshiva, located on Apollo Drive in Lakewood, is comprised of a Sefardi cheder and mesivta.
One possible option for the stranded 150 students would be to join the Keter Torah branch in nearby Deal, NJ. Efforts are underway to place the talmidim of the yeshiva.
In the last year, Bais Yaakov Elementary School of Lakewood was forced to close due to a monetary shortfall and, just a week and a half ago, as reported here on Matzav.com, Yeshiva Bais Hatorah announced its closure due to a $500,000 deficit.
It is still hoped that Bais Hatorah may open for this school year, as the majority of its 400 students still remain without a school.