Disclosing Co-op Financials

I doubt you are breaking any laws or rules by distributing copies, especially if you provide them only to others who are entitled to receive copies directly from the coop. I might suggest that rather than posting them for the whole world, you publish a method by which current shareholders can email you to request an "unofficial" copy.

A regular co-op or condo will send out the audited financials (on paper or PDF) around this time of year, every year.

If you have to beg, or they don't just come like clockwork, your co-op has management problems and/or something to hide.

There's no reason not to post them on the web, but not that many co-ops and condos do it.

The best site is 350 Bleecker's: http://350bleecker.com

Thank you guys for your responses and input - very helpful! And I agree the 350 Bleecker's site is awesome - beautifully designed and to the point.

The best site may be 350 Bleecker's, but it's still missing forms that are a required part of the purchase application (Window Guards comes to mind, but there are also others) and also documents that might be of interest to real estate attorneys and other parties to a transaction. (the 30th amendment, for example, isn't online).

A great site is wonderful, but at the end of the day, someone has to keep updating documents, and to pick up the phone and answer questions, and that's where you learn to love a responsive managing agent.

ali r.
{downtown broker}