SHPOA Editorials

In communities like Snug Harbor, where homeowners expect transparency, accountability, and fairness from those entrusted to govern, even the appearance of impropriety can erode trust. That’s why many property owners will likely feel dismayed—if not outright disgusted—by the board of governors’ decision to allow a husband and wife to serve concurrently. This is not a …

Read more “Why Snug Harbor Residents Should Be Concerned About Nepotism on the Board of Governors”

After years of dodging questions, vague financials, and community frustration, the board is now inviting individual property owners to privately meet and be treated to a masterclass in deflection and financial gymnastics. How thoughtful. Because we all know what these meetings really are: a chance for the board to talk in circles, overwhelm us with …

Read more “Wow! What A Generous Offer From The Board Of Governors”

In any community, the board of governors is entrusted with a critical responsibility — to represent the interests of the homeowners, to uphold the community’s values, and to serve with respect, humility, and transparency. Unfortunately, at Snug Harbor, one board member appears to have forgotten that. Over recent months, a troubling pattern has emerged. A …

Read more “Time for Accountability: When a Board Member Becomes a Liability”

Top Red Flags Why This Matters While the association currently holds strong reserves ($256,510 total cash), repeated budgeting errors, inflated projections, and missing expenses could quickly erode financial stability. Recommendations Bottom Line:The budget, as presented, is unreliable and may mislead property owners. Immediate corrective action and independent oversight are needed.

1. Uncollected Funds Are Not Guaranteed Income 2. Creates Artificial Surplus in the Budget 3. Can Lead to Cash Flow Problems 4. Violates Accounting Best Practices 5. May Result in Special Assessments or Increased Dues 6. Legal and Fiduciary Risk

(Based off of the SHPOA 2024 year end finance report) 1. Payroll Percentage of Total Income 2. Interpretation of the 58.36% Payroll Percentage A payroll percentage of 58.36% means more than half of your total income is being used to cover payroll expenses. This is significantly high in the context of a Property Owners Association. …

Read more “Over Half Your SHPOA Dues Goes to Payroll—Here’s Why That’s a Problem”