"State of the HOA" Address Needed

It's way past time for the Board of Directors (the majority; i.e. the four officers) to stop being nice.

It's time to address the elephant in the room.

It's time for a "State of the HOA" address by the President of the HOA. This should be in-person and on ZOOM, so that many Members (homeowners) can view it. It should be recorded and archived on the HOA's website.

The HOA is a business. It is a South Carolina non-profit corporation. It has Covenants and By-Laws. It has published Guidelines for conducting business. It is a corporation, not a charity or an after-school club.

Where did $445,000 go between 1/31/2025 and 1/31/2026?

What's the whole story behind the $126,352 annuity purchased in 2024, and who is the Annuitant?

Ninety percent (90%) of Accounts Receivable may be uncollectible, according to the 2024 Annual Audit.

How bad is the current status of Reserves? Th Indigo Dam repair is likely to impact remaining Reserves severely.

The HOA may have to increase fees. The problem is that it can't do so, because Voting Members must approve an increase or a Special Assessment. There is only one legitimate, duly-elected Voting Member. There should be 28.

The HOA's Neighborhood Committee has no chairman and no members. 

Several internal investigations are needed. The sooner, the better.

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