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BASICS FOR BOARD TREASURERS

BASICS FOR BOARD TREASURERS

Emigrant Mortgage Co., Inc. v. Greenberg, 34 Misc. 3d 1236(A), 950 N.Y.S.2d 608 (Dist. Ct. 2012) (unreported)

March 1, 2024 – Federal Court rules that the Corporate Transparency Act is Unconstitutional: What does it mean for Community Associations?

None of us looks good in an orange jumpsuit.

Guide to the CMHC Net Operating Revenue Policy

Housing has long been a staple of American society, and the United States’ economic prowess has afforded its citizens an abundance of safe and decent housing.

Is an individual board member exempt from liability if acting in his or her capacity as a board member? That was one of the many questions in Fletcher v. The...

All too frequently, groups skip any form of orientation and just place their new members directly on committees or organizational projects

But directors with minimal experience in governing often don’t know what to ask.

A new board and a New Year are opportunities for a fresh start. Ideally, the legacy of the prior board can be built upon for continued progress.

Community association board members spend a lot of time communicating /

Board committees play a crucial role in the effective governance of organizations. They are specialized groups tasked with specific functions and responsibilities, aiding the board of directors in fulfilling its...

A nonprofit organization may set aside a cash reserve to provide a cushion for both planned and unplanned future needs. This resource includes considerations for reserve planning, as well as...

“It’s not your father’s Oldsmobile” is an advertising slogan from the 1980s. Its purpose was to communicate that the company’s vehicles had improved considerably from their perceived image.

The bylaws of each co-op give the duties and powers of each officer. The following is a brief review of each officer and their duties:

Sometimes, your coop may not require a complex budget, and your members may find that a simpler, smaller budget is easier to explain to the membership and maintain.

Remember the game of whispering a message down a line of people? Inevitably, the original message morphed into something different or wrong when it reached the final person.

Planning for the cooperative's operation must take place well before the formal transfer of ownership to the shareholders.

Chapters and components are often at the forefront of serving members, developing leaders, and advancing a mission.

With the continual transition of volunteer leaders, an organizational chart is an ideal way to describe the dynamics and elements of an organization.

An orientation can be held in as little as 90 minutes. Some groups schedule a half-day or incorporate team-building activities into a full-day event.

Orientation is not simply a “test drive” or a familiarization tour for new directors. The primary purpose is to share information and discuss governance.

The cooperative way of doing business exists to combine visionary social ideas with the economic realities of running a business.