Yonkers – Your coop has a lot of issues. Are you on the board? If so, talk to the coop attorney. If you had 80% resident SHs who weren’t holders of unsold shares/investors, why do you have so many now who sublet and don’t pay sublet fees, and why do some have “permission” to sublet and pay sublet fees?

This is one issue, but any SH who lives or lived in the coop isn't a holder of unsold shares/investor. If they sublet, they must pay sublet fees or any other fees SHs are subject to, and comply with all policies, rules and procedures SHs are subject to.

You can’t resolve all your issues alone. Try to get a few resident SHs to work with you Non-resident SHs may not too supportive, especially regarding paying sublet fees, etc. Your “team” (you and the SHs you get to help you) should look for people to run for the board. It sounds like your board (the president?) is a major problem. Voting the board (or the president) out, or at least getting a board majority that will insist on seeing financials, vote down questionable things, etc. is probably a needed first step. Talk this up before your next annual meeting/election. You said you have the SH list. Have your team compose a well-written, clear, positive letter to all SHs telling them the coop’s financial stability has been deteriorating and it’s time for change to turn things around.

If you have tangible proof of board misdoings it's to your advantage, but don’t say outright the board or president is “shady” or doing anything illegal if you can’t prove it. Talk up the coop’s problems, but don’t just focus on them. If, as you said, you have repeated assessments, etc., your SHs know the coop has problems. Focus on solutions.

Some SHs don’t get involved in the coop because of careers, family, etc. and don’t have the time and energy for it. That’s true in all buildings. But others think trying to change things won’t do any good (because of the board/whatever). Convince them things can be changed to everyone's benefit.

It isn’t easy to win over apathetic SHs, but it can be done. I admire you for wanting to pull your coop out of the hole it seems to be in. I don’t know if my reply is of help, but go for it, and good luck!