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Board Service: Edward J. Ermler

was elected president, and I was also handed a budget that was out of balance to the tune of $195

Exclusive: A Charter Management Agent on the Company Corruption Scandal

went on at the office. Bounced checks, claims of tight budgets, and then large purchases by Richter

The Loan Arranger: Top Fed Guidelines Co-op / Condo Boards Need to Know

with their monthly fees. Insurance premiums. The budget must include a provision for all insurance deductibles

After an In-House Theft, a Co-op Board Cleans House

Howard Beach

, there was a budget surplus, and every year after that there were six-figure deficits. It’s ridiculous.” The co

The Squeeze Is on For Co-op and Condo Boards

New York City

-assessed value.” Boards should be prepared for a backlash from residents. “If you were budgeting $1 million

The Massive Challenges of a Massive, Self-Managed Condo

Ridge, Suffolk County

of the infrastructure so it can earmark funds for anticipated capital projects. The board has a master plan to budget

Caton Towers Co-op Moves to Cut Carbon Emissions

Kensington, Brooklyn

-third of our $3 million operating budget.” Cuadra was brought in to helm the replacement of a boiler

Restoring the Luster to “the Jewel of Bayside”

Bayside

in Queens, are a real budget-buster,” Mazel says. “People weren’t happy to hear that, but they were glad

Is This the Perfect Boot Camp for Co-op Boards?

Lenox Hill, Manhattan

.J., listening to his constituents and making sure the town ran smoothly, handling everything from budgets

Queens Renters Turn Derelict Building Into an Affordable Co-op

Sunnyside, Queens

a lot of time talking about the governing documents, budgets and how the co-op is governed,” Hersh says

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

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