Those who have been following our Airpark’s management issues saw our Board do the following starting at the beginning of 2025:
- Stop collecting dues
- Stop all maintenance activities (claiming that these were “illegal” because we were a charity)
- Stop all charity activities (claiming that those were “illegal” because we are a maintenance organization)
- Refuse all Bylaws-required meetings with votes, where we could discuss and vote on remedies to the problem
What you may not know is that this Board has then spent money at an alarming rate. In fact, they are spending at a rate much faster than any prior board, even though they are doing none of the mission of the organization (by their own admission).
The problem is so bad, that we should expect to be insolvent sometime between December and April. However, it could be even worse as the Board may be accelerating expenditures, and they also just voted to allow the organization’s remaining funds to be used to cover their own legal defense costs!
Here is how bad it is – we are crashing – fast:
It’s also informative to see where the money is being spent. One of the ways to look at non-profit expenditure is to examine the portion of money spent on non-administrative tasks. Here is a pie chart:
Indeed, this Board is spending your entire treasury on legal and administrative expenses – not roads maintenance, not community services, and not progress toward a better neighborhood. You are getting nothing in return. In a short time, they will have totally destroyed the finances of the organization for which they are responsible – and you get nothing.
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