Category: Finance

Finance We've Got You Covered
1996 Mar We've Got You Covered

One of the most important pieces of insurance coverage a co-op or condo building carries is its directors and officers (D & O) policy. This coverage protects the personal assets of board members from exposure in the event a lawsuit is fil…

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Finance Making Ends Meet
1996 Feb Making Ends Meet

This is the time of year when many boards are engaged in the budget and planning process. Unfortunately, this process sometimes results in the unhappy realization that the cooperative does not have enough sources to cover all of its proj…

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Finance New Lending Options for Co-ops
1996 Dec/Jan New Lending Options for Co-ops

In the first cold day of the season, a group of res- idents and politicians stood in front of the Griffin, a 199-unit co-op in Brooklyn, trying to stay warm. You're not cold are you? exclaimed Jeannette Gadson, deputy borough president of…

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Finance Financial Checks and Balances
1995 Jul/Aug Financial Checks and Balances

Is a co-op or condo owner, protecting your building's financial stability is of paramount importance in maintaining the value of your investment and your quality of life. As stories of mismanagement and fraud continue to come to light, bo…

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