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Risk Matters for Your Co-op
Every year, every Agency client housing co-op receives a Risk Assessment Report. It is one of the most valuable tools for understanding your co-op’s financial health and future prospects.
The report, together with the Plain Language Financials and Performance Report, is part of the Agency’s Annual
Data Shows Directors in Arrears is a Declining Risk and a Rising Standard of Good Management
Over the last twenty years, the Agency has made significant strides in helping housing co-operatives address the issue of directors in arrears as a part of its client risk assessment.
In 2007, 28% of co-ops reported having directors who owed money to their co-op. But by 2024, that number dropped to
Tip of the Month
Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.