Kin's Blog: Sold - Studio Co-op at Sherwood Village B

This coop is the worst run coop in the area if not in the State of New-York,the Board members are worst than the New-York State lawmakers dysfunctional dumb and arrogant,the coop Board does not participate in seminars, the Coop Board does not have nay records on hand, the members are so inept they dont even know their right that they should question the directors who made it the position lifetime dictatorship as in the third world Country.We have a super that is the bum, and a Board that give bonuses to the employees of our cooop base on tradition not performance .I have work in few companies overt the 30years I received a bonus once and got tax on it after getting it,At shrewood village no tax just give them the money .The Board some members try to use the poorly security staff we had with no New-York State license for many years while a particular member of this dysfunctional board call them doormen , we never had doormen in sherwood village B but it is a ploy for the seller when they moving out so they can get a quick sale .This is a Coop where at any annual meeting you cannot get a quorum and the board proceed to have their meeting as informative meeting never to call for another annual meeting under it's by law they handpicked the dummies they want on the board because we are a coop with many stupid individuals living in it. We are never shy of them finding the imbecile to fill the seat on the Board .it's a shame ,this coop board is very corrupt.and there is more.... This management who sold this coop is out of business due to fraud ,they owed Sherwood Village B money during the time spent managing our coop ,we have a lawyer sleeping at the wheel and a dysfunctional borad of director with both feet in the left shoes.

This coop Sherwood Village B is  badly mismanaged and our finances are so bad  that we have never saved anything during any fiscal years for the past twenty-five years ,we only spend spend without accountability. Imagine you work at your job you spent over $14.000  for locksmith and no one on the Board or management can account for that expenditure. The result will be once they found out what happen you are out of here.At Sherwood Village B the shareholders smile because they are clueless of their responsibility to make the Board accountable for every penny spent wisley or unwisely.We have Board who never inspect a contract job ,so the contractor came in do as they please and proceed at their own course at the end we all the shareholder have to pay again to get the job done a second time ,some people will take money under the table to satisfy their greed as other people expense,but now it's time to see what the forensic accountant will find after many years of cry for an outside accounting firm to check our coop books ,but again many of the people who own shares in this coop don't know their rights so the few has been able to manipulate their brainless agenda to favor the dysfunctional incompetent that run the Board as a gang of five.People outside in this world listen carefully here is a coop the management of the coop decide to call a painter to paint a lobby ,this management company came up with a price submitted to the Board for $17.000, a very active shareholder here about this crap together withe three board members they save their coop $10.000,the job was done for $7.500 in addition to the corridor, another job was also in speculation the roof top where the elevator run this job was evaluated to be around $15.000,he was done by the same group for three thousand five hundred dollars,we are taken for fools by these folks who managed our building because they realized they are dealing with a group of moron without commonsense and the shareholders become the victims while the fools remain on the Board of director destroying everybody investment. Another instances one member of the Board was selling her apt she came in a sat down during the interview to make sure she got the sale that was conflict of interest she should have excuse herself but the board secretary allowed this travsty because she was voting for her stupidty so that was pay back who got suck the shareholder,now evcery shareholder can request to sit down during the interview when their apt is being sold. We have a line of credit the bank is asking the coop to provide the financial statement for the year 06-07 the Board cannot produce these financials ,now they hoping someone can falsify document for the bank on their behalf yet we pay an accountant to provide this service the accountant was changed from accountant to auditor with his many falsify past financails of this cooperative.Yes we have more