Experience | Integrity | Action | Performance
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2022 Board of Directors -
Harassed, Starting January 18, 2022 (the day they were elected).
Pictures of the harassment are being withheld for now, as we don't wish to relive the nightmare. However, continued misinformation will change this stance.
2022 Results
Financial Performance of 501c4 (compounding)
In December 2022, we forecasted "minimum" annual interest at $58,578 (Conservative Lifetime Value of New Investment Policy $1.2 million).
Actual 2023 (first year) Interest is $74,026 (Not Taxed)
Estimated 2024 - Interest is $85,000 (Not Taxed)
Estimated 2025 - Interest is $85,000 (Not Taxed)
The 3-Year Total Interest Generated of $244,026
The 3-Year Total Estimated Tax Savings of $85,165
NOTES:
We haven't realized all of the earned interest due to CD Maturity Dates.
The tax rate would have been 30% (3-year estimated savings $85,165)
Projected lifetime value $1.2 million on investment policy (this was well understated)
Projected lifetime value $300K on tax savings (this was well understated)
The 2022 Board of Directors -
Moved the annual meeting and elections to the end of January:
Better scheduling of the Annual Candidate Forum
Allowing the books to be closed
Develop a more realistic budget
To share December/year-end financials with members before they voted for a new board
The 2023 board reversed this and several other decisions that had taken months of research to develop. Was that wise?
2022 Board of Directors Candidates -
Promises Made (as candidates) - Promises Kept (as a board)
Although we are not perfect, we are delivering on the promises we made as candidates.
Management Company Distributing The New Home Owner Welcome Packet
2022 Reserve and Operating Funds Investment Policy (ECR HOA's First)
2022 Code of Conduct
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