Comparison shown is nice, but useless

Obviously someone expended considerable time in researching and posting the information at: http://disc.yourwebapps.com/discussion.cgi?disc=94379;article=11038;title=Habitat%27s%20Board%20Talk

But, I opine that the information is meaningless without additional information as someone clearly points out in the http://disc.yourwebapps.com/discussion.cgi?disc=94379;article=11051;title=Habitat%27s%20Board%20Talk posting.

Here are some true life numbers in our neighborhood. These averages are based on the total financial picture divided by the number of units in the building. Even in this case the results are imprecise as the mix of studio, one, two and three bedroom units may not be distributed similarly in each building.

So look at the key values below, such as: Contributions (total maintenance, assessment, parking and basic cable for one year), Expenses, T-Liabilities, Net Debt and Underlying Debt/Apt. The tables may be a challenge to read, but do scan and then see the note at the bottom. The values have been extracted from the annual reports of the buildings (all in the same recent year) and the analysis has been verified by a CPA firm. Yes, an onerous task, but the only “fair” way to perform an analysis.

Building Contributions/year
A $ 12,889
B $ 12,811
C $ 15,467
D $ 16,989
E $ 21,100
F $ 15,057
G $ 20,422

Building Expenses/year
A $ 11,569,000
B $ 14,407,116
C $ 15,780,260
D $ 18,263,746
E $ 21,681,448
F $ 14,981,071
G $ 21,087,850

Building Total Liabilities for year
A $ 854,186
B $ 43,307,159
C $ 36,268,032
D $ 43,882,498
E $ 74,018,324
F $ 51,005,900
G $ 54,268,013

Building Net Debt for the year
A $ 572,542
B $ (21,260,487)
C $ (32,180,367)
D $ (42,541,300)
E $ (59,992,248)
F $ (38,502,979)
G $ (48,105,269)


Building Underlying debt/apt
A $ 1,185
B $ (44,018)
C $ (63,472)
D $ (33,603)
E $ (123,951)
F $ (137,511)
G $ (205,578)

OK, which is/are the most financially sound buildings?
1. In which buildings does it appear the Boards are executing proper fiduciary responsibility?
2. If you review “Contributions, it appears that there are two lows, some at $15,500 and two highs.
3. Look at Net Debt and Total Liabilities and one should discern that some have huge payables.
4. Finally look at the underlying debt per apartment. This mans in addition to owing any co-op loan, the shareholder has this amount reducing the value of the shareholders apartment. But worse, many have differed payments and are only paying interest. Further, this means the Board has abrogated its fiduciary responsibility and is borrowing from future generations to pay for the enjoyment of today’s’ capital expenditures. In truth, this is utterly unfair to future buyers. But, who cares, monthly costs are low today and we won’t be here tomorrow.

Building "A" is the winner, far and away with no debt and low costs.

Yes Building "A" considered a "luxury" co-op. As a matter of fact, the realtors classify all the buildings in this summary as luxury co-ops.