Tag

finances

News & Updates (3)


The Paycheck Protection Program and your HDFC

Apply for the Paycheck Protection Program to cover losses due to COVID-19.

Save 30% on Heating Oil with UHAB Fuel

UHAB Fuel customers spent 30% less than those buying market-rate oil in 2019! Sign up today to save.

The Eviction Moratorium and HDFCs

There are multiple Executive Orders that have slowed the process of eviction during the COVID-19 crisis. Read on for common questions about the eviction process for HDFCs.

Events (69)


Renter Issues in HDFCs

What obligations does the HDFC have to its renter residents?

Bookkeeping For Treasurers

Bookkeeping 2.0 will show how to have a healthy Co-op’s finance and provide knowledge of who is responsible for this duty.

Personal Financial Management

In this class, we’ll learn how to manage personal finances, including setting a budget and financial goals for yourself.

Ask the Experts: Audited Financial Statements — why bother? With Clifford Charles, CPA

Learn what an audit is, common terms and concepts that come up in audits, and when your building might need an audit.

Payroll Taxes

This training on Payroll provides information to your HDFC co-op board about payroll filings and required coverage for HDFC employees.

Regulatory Agreements 101

Come learn what it means to have a Regulatory Agreement.

Insurance for Co-ops and Owners

We give an overview on co-op master insurance, directors and officers insurance, and offer information on homeowners insurance.

Financial Literacy for Building Upgrades

This workshop will help you think about how to set up your co-op’s finances for success, how to fund repairs and how to save money on energy-related upgrades.

Benefits and Tax Breaks for HDFCs and Shareholders

Learn what benefits are available and how to apply.

Distressed HDFCs aka Your Co-op’s Vital Signs

Join us to review how to assess your building’s level of health and resources to help get your HDFC back on track.

Bookkeeping for Treasurers 2.0

Bookkeeping 2.0 will show how to have a healthy Co-op’s finance and provide knowledge of who is responsible for this duty.

Personal Financial Management

Living in an HDFC co-op gives you the opportunity to build wealth by saving money on rent. In this class, we’ll learn how to manage personal finances, including setting…

Audited Financial Statements

Audited financial statements are an important part of operating and understanding the operations of your co-op.

COVID Arrears relief for Owners: Homeowner Assistance Fund (HAF)

COVID assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

Benefits + Tax Breaks for Owners and HDFCs

HDFC shareholders may be eligible for benefits and tax breaks like SCRIE, DRIE, STAR, SCHE and more. Save money as a shareholder or for the HDFC. Learn what benefits…

RPIE Filing — are we exempt?

RPIE is the “Real Property Income & Expense Statements” filing required yearly by the Department of Finance to assess property values. Come find out if your HDFC has to…

COVID Arrears relief for Owners: Homeowner Assistance Fund (HAF)

COVID assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

COVID Arrears relief for Owners: Homeowner Assistance Fund (HAF)

COVID assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

COVID Arrears relief for Owners: Homeowner Assistance Fund (HAF

COVID assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

COVID Arrears relief for Owners: Homeowner Assistance Fund (HAF)

COVID assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

COVID relief for Owners: Homeowner Assistance Fund (HAF)

COVID arrears assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

COVID relief for Owners: Homeowner Assistance Fund (HAF)

COVID arrears assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

COVID relief for Owners: Homeowner Assistance Fund (HAF)

COVID arrears assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

Asistencia de COVID para Propietarios: Homeowner Assistance Fund (HAF)

La asistencia de COVID para atrasos está disponible para Propietarios elegibles de HDFC. Aprenda como acceder a este beneficio para usted o un vecino.

Asistencia de COVID para Propietarios: Homeowner Assistance Fund (HAF)

La asistencia de COVID para atrasos está disponible para Propietarios elegibles de HDFC. Aprenda como acceder a este beneficio para usted o un vecino.

COVID relief for Owners: Homeowner Assistance Fund (HAF)

COVID arrears assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

Asistencia de COVID para Propietarios: Homeowner Assistance Fund (HAF)

La asistencia de COVID para atrasos está disponible para Propietarios elegibles de HDFC. Aprenda como acceder a este beneficio para usted o un vecino.

COVID relief for Owners: Homeowner Assistance Fund (HAF)

COVID arrears assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

Audited Financial Statement– why bother?

Join us and guest speaker Clifford Charles, CPA who will discuss the unique importance of the audited financial statement for an HDFC’s financial planning and accountability.

COVID Relief for Homeowners: Homeowner Assistance Fund

COVID arrears assistance is now available for eligible HDFC homeowners. Learn how to access this benefit for yourself or a neighbor.

Regulatory Agreement Basics

If your HDFC is planning any rehab involving NYC financing, you will be required to sign a Regulatory Agreement. If you need tax relief or any HPD assistance in…

Insurance for HDFCs & Shareholders

We give an overview on co-op master insurance, directors and officers insurance, and offer information on homeowners insurance.

Green Energy Codes

An energy-efficient building doesn’t just save you money; energy efficiency keeps residents healthy and comfortable, and keeps you compliant with green building codes. Whether you’re looking for low- or…

Advanced Co-op Management

Learn the role of a manager and property management ethics. Tips on how to supervise personnel, budget basics and a checklist of yearly operations and maintenance.

Do It Yourself Wills Preparation

Join us to discuss how to create a binding will without a lawyer.

Personal Financial Management

Living in an HDFC co-op gives you the opportunity to build wealth by saving money on rent. In this class, we’ll learn how to manage personal finances, including setting…

Advanced Co-op Accounting

Review accounting techniques for maintenance fees, rent adjustments, unit turn-overs, housing subsidy changes and more.

Basic Co-op Accounting

This class will cover tracking HDFC income, expenses, and trends in spending, as well as collecting maintenances.

Steps to Take After a Disaster

Don’t wait until it’s too late to prepare for a disaster! Come learn the steps to take after a disaster, the people involved and learn how to repair and…

Maintenance Too High? Too Low?

An analysis of two example co-op budgets, terms and discussion on whether or not the projected income in the budget’s meet the projected expenses. Are your maintenance charges too…

Benefits and Tax Breaks for HDFCs and Shareholders

HDFC shareholders may be eligible for benefits and tax breaks like SCRIE, DRIE, STAR, SCHE and more. Save money as a shareholders or for the HDFC. Learn what benefits…

Bookkeeping for Treasurers

Bookkeeping 2.0 will show how to have a healthy Co-op’s finance and provide knowledge of who is responsible for this duty.

Wills & Estates

If a shareholder passes away without a will, the HDFC and the Estate of the deceased will have to sort things out in court. There is no automatic inheritance…

Stock Transfers & Succession

Is there “succession” in an HDFC co-op? Can I transfer my shares? How much power does the Board have when a shareholder would like to add a name to…

Payroll Taxes

This training on Payroll provides information to your HDFC co-op board about payroll filings and required coverage for HDFC employees.

Co-op Vital Signs: Is Your Co-op Distressed?

An HDFC in distress may be in high debt, physical disrepair, or organizational disfunction. Join us to review how to assess your building’s level of health and resources to…

Ask UHAB

Ask UHAB is our open house where you can get one-on-one advisement from our team of HDFC experts. Come with your questions and stay for as long or short…

Payroll Taxes

This training on Payroll provides information to your HDFC co-op board about payroll filings and required coverage for HDFC employees.

Insurance Coverage and HDFCs

A discussion on the different types of insurance coverage found within the co-op model. We will give an overview and discuss the Co-op Master Insurance, Directors and Officers Insurance…

Bookkeeping for Treasurers 2.0

Bookkeeping 2.0 will show how to have a healthy Co-op’s finance and provide knowledge of who is responsible for this duty.

Healthier, Safer HDFCs

Join us as we discuss tips/best practices for maintaining a financially and physically healthy and sound cooperative. We will discuss preventive maintenance, green measures and energy conservation methods; as…

Benefits for HDFCs and Shareholders

As a shareholder living in an HDFC cooperative what benefits are available? What are eligibility requirements? A discussion on benefits and eligibility, also how to apply.

Benefits for HDFCs and Shareholders

As a shareholder living in an HDFC cooperative what benefits are available? What are eligibility requirements? A discussion on benefits and eligibility, also how to apply.

PPP Loan Workshop

UHAB and LES People’s Federal Credit Union are hosting a seminar for HDFCs about applying to PPP loans. Join us!

Payroll

This training provides information to your HDFC co-op board about payroll filings and required coverage for HDFC employees.

Personal Financial Management

Learn tips for successful budgeting. Review useful financial management strategies for your household’s unique budget.

Selling Co-op Shares

An overview and discussion on selling shares in an HDFC cooperative. We will discuss topics such as: what does it mean to sell shares? What is the procedure when…

Bookkeeping 2.0

Bookkeeping 2.0 will cover how a co-op can have healthy finances and provide knowledge of who is responsible for bookkeeping duties.

Selling Co-op Shares

An overview and discussion on selling shares in an HDFC cooperative. We will discuss topics such as: what does it mean to sell shares? What is the procedure when…

Personal Financial Management

Learn tips for successful budgeting. Review useful financial management strategies for your household’s unique budget.

Advanced Co-op Accounting

Join us to review accounting techniques for maintenance fees, rent adjustments, unit turn-overs, housing subsidy changes and more.

Basic Co-op Accounting

This class will cover how to track HDFC income, expenses and trends in spending and collect maintenance fees.

Audited Financial Statements

Audited financial statements are an important part of operating and understanding the operations of your co-op. Register here.

Insurance for HDFCs and Shareholders

A discussion on the different types of insurance coverage found within the co-op model.

Co-op Vital Signs: Is Your Co-op Distressed?

The goal of this class is to identify ways to fix an HDFC’s stress, no matter what the root causes.

Payroll Taxes

This training will cover the necessary steps for setting up payroll; keeping your books up to date; worker’s compensation and disability insurance; and quarterly and annual payroll tax forms.

Maintenance Too Low? Too High?

Learn about your HDFC co-op’s budget when it comes to setting an ideal maintenance fee that keeps the building both affordable and financially healthy.

Maintenance too high? Too low?

Learn about your HDFC co-op’s budget when it comes to setting an ideal maintenance fee that keeps the building both affordable and financially healthy.

Understanding your Year End Financial Statement

Understanding your HDFC’s year end financial statement is an important key point of your co-ops. This virtual seminar will help to identify “Red Flags” in your Co-op’s Financials.

Resources (5)


2022 Area Median Income Guidelines

HDFCs are required to house people who are low-income. Different HDFCs have different eligibility definitions, or ways of determining who qualifies as low income. These are contained in the Certificate of Incorporation.

2021 Area Median Income Guidelines

What do income limits mean, how are they determined, and what are the income guidelines for 2020?

Suggestions on Building a Rent and Maintenance Fee Policy

A standard rent and maintenance fee policy clarifies rules and procedures for rent collection, preventing future conflicts and confusion.

Healthy Co-op Checklist

Learn the signs of a healthy, well-functioning HDFC

2020 Area Median Income Guidelines

What do income limits mean, how are they determined, and what are the income guidelines for 2020?