AugustinD
Posts: 1,027
Posts: 1,027
Posted:
SteveO3, I think the moderators deleted your post because it had identifying information. Here's my response, cleansed of identifying information:
Pertaining to a nonprofit corporation established over 40 years ago, which may or may not be subject to Washington HOA statutes:
-- As an owner-member of this nonprofit corporation, you are lawfully entitled to review much to all financial records and a number of other records.
-- Note that Washington statutes require this corporation to keep "appropriate accounting records." See https://app.leg.wa.gov/RCW/default.aspx?cite=24.03A.210
-- Here is the letter I would write.
====
Dear Board of Directors,
The Revised Code of Washington (RCW) 24.03A.210 requires the corporation to keep "appropriate accounting records." Pursuant to RCW 24.03A.215 and RCW 24.03A.225, I request to inspect and copy the corporation's accounting records of 2022; latest annual financial statements; and current insurance policy(ies). In particular, I wish to see: ____, ______, _____ and ______. My proper purpose in making this request is to gather information that will help me determine the financial health of the corporation. I wish to inspect these records on October 28, 2022 [or some other date at least five business days after the day you send this letter].
Sincerely,
====
Send this letter registered mail, return receipt requested to the corporation's registered agent or registered address.
Do not use inflammatory language; hyperbole; language which you think might demoralize or persuade (through bullying) the recipients but in fact makes you look juvenile; and so on. Stick with just the facts. Polite, short and sweet. Why? Because what you send could end up in court proceedings, and you want to look as squeaky clean as possible.
Report back with the board's response or non-response.
If the Board continues to ignore your requests, they are vulnerable to a records request lawsuit and potentially having to pay your attorney's fees. See https://app.leg.wa.gov/RCW/default.aspx?cite=24.03A.230
Reference:
https://app.leg.wa.gov/RCW/default.aspx?cite=24.03A
Pertaining to a nonprofit corporation established over 40 years ago, which may or may not be subject to Washington HOA statutes:
Quote:
2. What is the best way to formerly request financial reports and insurance information from the board? I have tried sending an email and have been completely ignored. Is there a way to make the request binding?
-- Note that Washington statutes require this corporation to keep "appropriate accounting records." See https://app.leg.wa.gov/RCW/default.aspx?cite=24.03A.210
-- Here is the letter I would write.
====
Dear Board of Directors,
The Revised Code of Washington (RCW) 24.03A.210 requires the corporation to keep "appropriate accounting records." Pursuant to RCW 24.03A.215 and RCW 24.03A.225, I request to inspect and copy the corporation's accounting records of 2022; latest annual financial statements; and current insurance policy(ies). In particular, I wish to see: ____, ______, _____ and ______. My proper purpose in making this request is to gather information that will help me determine the financial health of the corporation. I wish to inspect these records on October 28, 2022 [or some other date at least five business days after the day you send this letter].
Sincerely,
====
Send this letter registered mail, return receipt requested to the corporation's registered agent or registered address.
Do not use inflammatory language; hyperbole; language which you think might demoralize or persuade (through bullying) the recipients but in fact makes you look juvenile; and so on. Stick with just the facts. Polite, short and sweet. Why? Because what you send could end up in court proceedings, and you want to look as squeaky clean as possible.
Report back with the board's response or non-response.
If the Board continues to ignore your requests, they are vulnerable to a records request lawsuit and potentially having to pay your attorney's fees. See https://app.leg.wa.gov/RCW/default.aspx?cite=24.03A.230
Reference:
https://app.leg.wa.gov/RCW/default.aspx?cite=24.03A