Dequilent Accounts - percentage and do you publish to the membershiip or not

Out of curiosity and to see if it may make a difference, lets take a look at the numbers.

Please provide size of Association (number of lots/units)
Average number of delinquent accounts
Do you publish names or not.

My Association is 130 lots
Average # of delinquent accounts: 7 per month (varying from 30 days to in collections)
We do not publish names

We do provide a monthly tally in Treasures report to the Board and General membership (at the annual meeting) of the number of lots delinquent as of the 1st of the month and for length of time.

Example (hopefully the spacing format stays):
As of the first of the month the Association had the following delinquent accounts:

Jan Feb Mar Apr
30 days – 5 4 1 4
60 days – 0 1 2 0
90 days – 1 0 1 1
120 days – 0 0 0 0
>120 days – 0 0 0 0
In Collections - 1 1 0 0
Payment Plan - 0 0 1 1

I attached a balance sheet from my old HOA for with I used to be the president. When I left office in 2012 we had debt of $65K and down down and processes and policies to drive down even further. I actually had a plan to zero out the A/R.

It was an association of 317 single family detached gated community with a number of amenities. From my experience, one of the easiest HOA's to manage.

The Board is run by a dictator. No one know finances and won't listen to reason. If you look at GL Code 1410 Prepaid Taxes. This is for the reserve contributions that were not properly expensed by the MC, who is a CPA. $3600 just throw away.

Folks, this is not how it is supposed to be done. 5 people that do absolutely nothing.

The last time I dove into those figures was when I was treasurer - this was the story in 2014:

156 townhomes

about 20% delinquent (yes, I know that's too dang high and dealing with it took up a lot of my time!)

No, No, No, we do not publish names! I worry about possible fallout from the Fair Credit Reporting Act - and before some of you say that doesn't apply to HOAs, there's recent literature out there that indicates it does.

As a practical matter, no one has shown me yet how a public shaming list has resulted in the association getting its money. And what happens if the information is wrong? What if the person really has financial hardships like job loss - do you treat him/her like your garden variety deadbeat? Will you march over to your next door neighbor's house upon reading he/she owes the Association money? What will YOU do when said neighbor tells you to go F yourself or just blows you away with a shotgun???

Once upon a time, people took pride in paying what they owed because that's what grown folks do and people believed that stuff about one's word being one's bond. Today, we're bombarded with those commercials from bankruptcy attorneys and the like, talking about how they can free you from credit cards, foreclosures, the IRS, etc. It's one thing to get free from debt, but what about the people left holding the bag?

We did not publish names but used only lot #'s in reference. People figured it out who it might be of course. However, in the same vane we were discussing what actions or inactions we were taking on that lot. It wasn't like we ignored the situation and didn't keep up with those not paying. That is why I had us put in the lien/foreclosure policy to have a time line when consider late, ignorance, or protest.

Our budget I factor in about 5 - 7 homes on the late, no-payment, or protest list. So our monthly budget and dues collected reflected a collection of about 100 of the 107 homes. The negatives or positives just allowed us to take on projects or catch up on bills. The months more paid the more able we were to accomplish items or pursue debt collections.

Keep in mind my HOA did indeed run by the non-profit as we barely had a savings account. Which the savings would not have covered a month's worth of bills. Our budget was run really tight. We were fully run openly and with anyone interested to view the books. They could clearly see where the money went, why, and where. Nothing was hidden but for individual's collection situation. Which the board had access to collections because it was our job to pursue collections not anyone else's.

Tim - Sorry I posted this here.

After reviewing this post, I think I took it off track, but don't know how to correct it.