Do you like your HOA?

Check out this short article on RocketMortgage.com

"57% of HOA residents don't like having an HOA"

Is the HOA the problem, or is it the leadership (the President and/or the officers of the board) or the entire Board of Directors?

Click here for this article, published 3/4/2024.

Sometimes, one apple spoils the barrel. Sometimes it takes 4-5. Sometimes, all the apples are rotten. Sometimes, you just have to throw away all the apples and start over.

Keep in mind how your Board of Directors did not react to inflation in recent years and failed to increase the Annual Assessment. What did they do with the money that they collected from you that was budgeted for Reserves? Did it actually go into Reserves?

When the required contribution to Reserves decreased, your dues didn't go down, did they? Did they use your money to fund increasing costs of Operations, instead of maintaining healthy contributions to Reserves? Without telling you?

Did the Board tell you that "everything is in good shape" * instead of telling you the truth?

Budgeted Contributions to Reserves (required)
                          Change
2020 $163,965
2021 $146,155 ($17,810)
2022 $  91,610 ($54,545)
2023 $  39,677 ($51,933)
2024 $           0 ($39,677)
2025 $    3,000 +$ 3,000

Because the HOA does not use Percentage-of-Change columns in its financial statements, these reductions in contributions to Reserves most likely went unnoticed by many, including Board members.

Who decides? YOU do. The Homeowners decide.

1. Elect responsible Voting Members.
2. Elect responsible Directors.
3. Elect responsible Officers.
4. Insist on appointment of responsible Committee Chairs.
5. Retain a law firm that will advise the directors to comply with the CC&Rs and the By-Laws.

* "The Summit Financials are currently operating [sic] in good shape and operating under budget for $69,468.55." (Source: May 2025 Minutes, Manager Notes.) This boiler-plate statement appears every month. The amount changes.

But are they "in good shape"?

The Y-T-D Variances (over-spending) on the May 31, 2025 Financials totaled $63,574.09. This total is not shown in the Report! The Variances also do not include variances in two Legal Line Items, totaling $14,386.41 (may actually be higher).

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