Showing posts with label Financial Stress. Show all posts
Showing posts with label Financial Stress. Show all posts

Tuesday, June 10, 2025

Setting up a new blog for the co-op

 

 

Years ago, I decided to set up a blog for my co-op.  I maintained it for a while, and then let it go fallow.  Covid had gotten in the way of things, and then we had no one interested in showing up for our annual meetings.  Realizing that no one cared that much about communications with our shareholders, so I dropped work on the bog.

Recently, my co-op got into a financial bind due to no fault of our own (I can't go into details here), and we've had a minor shareholder revolt caused by a maintenance increase and an assessment to pay for some bank imposed costs.  One shareholder (the apartment below me) is demanding to see all of our co-op's records to determine whether some fraud is occurring (it is not).  Another shareholder sent a letter to all residents - but did not pay postage, as s/he either paid off the postman to insert these letters into our mailboxes, or had an illegal copy of the postbox key.  But I digress....

One of the good things that has come of this is a recognition from our co-op president that we need better communications with our shareholders.  So, I dusted off the blog I let go fallow and brought it up to date.  I'll admit that I back filled some entries, but I made no effort to do a detailed back fill which would take a lot of effort.  I figured that I might need to delete most of the prior posts, so it wasn't worth it so say much other than to mention that shareholder meetings were held, quorums were not achieved, and the prior board remained in power, because not enough people were interested in participating in the election.

To safeguard things, I have decided to make the co-op blog an invite-only blog, so that only shareholders have access to it.  When the board gives its OK, I will begin the process of getting a domain name fr the co-op, and attaching the blog to it.  Eventually, I will flesh things out a little more and have something which will be useful to our co-op's shareholders.  Until then, I will work on convincing the board that we need to communicate better, and that this blog will be one of the tools we will use to do so.

A true "Bucket List" cruise.

  This is a cruise I'd like to take someday in the future.  It's 28 days long, and it goes to ports I'll never have the chance t...