This is an abbreviated summary of needed improvements that Yardley Station lacks now and can improve upon by evolving beyond the current provider BCPM. Each point is well documented beyond this list. Unfulfilled, underserved, poor, partial or no services provided per the Yardley Station Management Agreement or required Bylaws are:
- No basic, current Capital Reserve Analysis
- No financial clarity, transparency or insight to provide any planning, strategy or direction
- No reporting to provide helpful insight and direction for the community
- No electronic reconciliation
- No annual audit per Bylaws 5.7
- No current, updated Capital Contribution
- No Master Calendar of the year for the residents or the board
- No long term strategy or plan for any hard or soft assets
- No Investment Policy Statement
- No investment strategy
- No actual long term investments
- No long term plan or professional guidance for investments
- Misappropriation of funds per board majority selection, $100k
- Condescending, dismissive behavior towards residents and board members
- No formal Board Code of Conduct
- Enables harassing, hostile, combative, abusive board behavior and communication
- No initiative to remove abusive, overreaching, unproductive board members
- No respect and separation for role and responsibility of paid PM and Board Members
- No Master Maintenance for the entire property, individual building or individual units
- No individual project log, history or reconciliation; fragmented, unrecorded, untraceable
- No central, current repository of anything; documentation, records, meeting minutes
- No policy to retain subject matter expert per task; ie. Roofers for roofs; power washers for power washing etc
- No current roof assessment, EOL evaluation or current replacement cost estimate
- No current road paving estimate
- No regular weekly visits
- No regular reporting of any visits
- No RFP ever created for ANY vendor acquisition
- No project management follow through
- No proactive strategy or plan; everything is reactive, unplanned, chaotic, time consuming
- No common area grounds planning or strategy; no long term view or budget
- No power washing strategy or plan; substandard upkeep; damaging assets
- No plan for rear deck design or replacement
- No plans or strategy for solar
YSCA is stagnant, leaderless, mismanaged and outdated with a systemic lack of communication in the board and to the community that squanders time and money which results in a lack of effectiveness. YS will greatly benefit by evolving beyond BCPM to available technology, systems and management which will position the community for the next generation and protect our investments. The lack of initiative for progressive planning, strategy, technology, reporting and action contributes to fiscal neglect and squanders current and future opportunity for YS. Legacy board members have lacked the initiative to effect necessary, overdue change to new management.
Sample of mismanagement; Power Washing:
What BCPM has done in the past:
- 2013, 2014 – nothing done.
- 2015 – Complete power washing of stonework, stucco, siding, gutter faces, and shutters of all homes. Work done by Charles Dickey at a cost of $9,100.00
- 2019 – Spot power washing focusing only on side walls of affected homes (8). Work done by D.K.C. at a cost of $1,600.00
- 2020 – Spot power washing focusing only on rear walls of affected homes (17). Work done by D.K.C. at a cost of $3,605.00.
- 2021 – Complete power washing of stonework, stucco, and siding done by Innovative Power Washing at a proposed cost of $5,300.00
- 2024 – ONE single side on each of 8 buildings done by DKC for $2600. Below are photos of what was chosen to NOT do.
This $22,205 includes only 2 full power washings over the past 11 years. This is an underserved, mismanaged task lacking thorough bids by power washing specialists. The varied costs, random providers, non specialists lacks a value of deliverable and does not best serve our community.
Suggested solution:
Contract with a single provider that is a power washing expert. They will provide the best, reliable service at the most competitive bid. By returning every 2-3 years they will become familiar with our property and provide valuable insight and guidance. A proposal by Pick Up Power Washing for a complete, full power washing of ALL 31 units in 8 buildings for $5200. Properly planned and managed YSCA could power wash completely every 2-3 years for for less than what has been squandered over 11 years. Better served for less money.
Note: All the even number units on Lantern Court have green algae and mold on the shady back side of the units. This may be the same for the odd number units on Iron Horse. There is also mold on the stucco, with continued neglect, will be an expensive repair imposed on all of us.
These are current photos 2024 and was elected to NOT clean per board and management
