Page 2 - CooperatorNews July 2021

2 COOPERATORNEWS —
JULY 2021
COOPERATORNEWS.COM
TABLE OF CONTENTS
Yale Robbins
Publisher
Henry Robbins
Executive Vice President
Joanna DiPaola
Associate Publisher
Hannah Fons
Senior Editor
Darcey Gerstein
Associate Editor
Pat Gale
Associate Editor
Shirly Korchak
Art Director
Anne Anastasi
Production Manager
Alan J. Sidransky
Staff Writer
CooperatorNews is published monthly by Yale Robbins Infomedia, 205 Lexington Ave., New York, NY 10016, (212) 683-5700. President: Yale Robbins, Executive Vice President: Henry Robbins. Subscriptions are available free by request to co-op and condo board members and
homeowner associations. POSTMASTER: Send address changes to CooperatorNews, 205 Lexington Ave., New York, NY 10016. Yale Robbins Infomedia 2021. All rights reserved. Application to mail Periodicals postage rates is pending at New York NY. FREE Subscriptions for Board
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Peter Chase
Director of Sales
Fred Marks
Director of Sales
W D I G ........
The vast majority of co-op and condominium boards are well intentioned and work dili-
gently with their management and accountants to draft and monitor their annual bud-
gets—and recalibrate them as necessary. Despite their best efforts to keep costs under
control, however, many communities find that expenses often exceed their projections.
Even in the absence of an unforeseen crisis or major repair project, it often seems like
money is just leaking out of the system. The question is, where does it go—and how can
we plug up the leaks when we find them?
M I C ...... .
Like so many other communities throughout the United States, New York City remains
segregated in many respects—racially, economically, and socially—but even so, the city
has achieved a level of housing integration despite the systemic forces at work against it.
In many neighborhoods, public housing stands next to luxury co-op and condo buildings;
neighbors share streets, parks, shopping districts, and to some extent even schools.
H H COVID A M H
M
4.68
5.278 2.338
4.816
4.998
2.842
2.338
5.278 4.998
1.75
8.586 8.586
8.19
7.47
10.85
16.5
5.517
2.277
3.672
2.34
2.394
5.049
5.148 2.34 5.049
2.277
4.293
3.177
4.293
4.284
2.277
3.64
2.34
5.526
3.177
2.2775.418
5.517 5.517
5.049 2.34 5.526
7.84
5.319
3.036
10.278 6.732