FINANCIAL ALERTS

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Years of mismanagement have drained our reserves, spiked our debt, increased our maintenance and put our homes at risk.

Maintenance Surge

Maintenance +54%

Increased over the past 10 years!

•That = 5.4% per year - well over inflation.

•Shows that buildings aren’t being run well.

•$25 million in additional debt, losses and depleted reserves!

Debt Spiraling

$54M in mortgages!

More borrowing = more pressure on maintenance.

•Previously only was $29 million in 2015.

•Increased by 83% in 10 years. WOW!

•Where did that additional $25 million in new debt go?

Reserve Fund

$19.5M → $3.0M

Down ~85%. The cushion is gone!

•2015 began with $19,497,245 in reserve funds.

•The current reserve fund is only $3 million.

•What happened to the $16.5 million?? In only 10 years?

Financial stability requires transparency and discipline. It is time to implement a professional, forward-looking strategy that protects our investments and keeps our homes affordable.

Massive Net Losses

-$2.713M

YTD Net Loss as of Nov 25, 2025.

Still losing money after years of increases.

•Over $7 million in losses in last 3 years alone!

•Since 2018 the cooperation has incurred net losses of $1 to $2 million dollars every year!

•Spending more than we are taking in is irresponsible.

Payroll Cost Rapid Increase

Payroll +57%

(2015→2024)

Costs rose much higher than inflation.

•Typical Bronx incomes only rose 33.6% in same period.

•$1,546,402 in additional payroll costs over 10 yrs.

•High turnover of employees indicates poor oversight.

Electrical Case Exposure

$4.58M paid

Lawsuit states that it was paid before verifying!

Additional cost to finish the work: ≥ $8.576M.

•A walkthrough in Nov 2024 showed less than $1 million in materials.

•That walk through was 2 years after signing contract and paying!

•Demand the payment approval trail: who certified the payments to go out?

This information was compiled from Fordham Hill Oval's financial statements, annual reports, and board minutes. All figures are based on official documents released by the corporation. Calculations, percentages, and financial summaries represent our independent analysis of these documents. We are a group of concerned shareholders presenting this data for informational purposes to advocate for better management.

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