The Edgewood Information Archive

Screenshot of a forum post written by a user identified as Bob, responding to ongoing community debate regarding the financial condition of the Edgewood HOA reserve fund and conflicting reserve disclosures presented to homeowners during 2024.

In the archived discussion, Bob states that he unintentionally sparked controversy after attending a September HOA meeting where he believed reserve balances were described as being approximately $230,000. According to the post, this figure appeared inconsistent with an HOA newsletter claiming reserves were funded at approximately 55.5%, which Bob estimated would imply reserve balances closer to $850,000.

Bob explains that he subsequently reviewed the Browning Group reserve study, which allegedly concluded the association’s reserve funding was critically low and recommended an immediate special assessment of approximately $4,167 per ownership interest, assuming more than $450,000 had already been contributed toward reserves.

The post describes Bob questioning board president Pat during an HOA meeting regarding the discrepancy between the reserve study figures and the previously circulated 55.5% funding claim. According to the archived account, Pat acknowledged that the earlier percentage disclosure was inaccurate and may have attributed the issue to prior management.

Bob states that he does not wish to pay a substantial special assessment and notes his understanding that any large assessment would require a vote of the HOA membership. The forum post characterizes the association as being financially unstable and compares Bob’s role in raising the issue to “the child saying the emperor has no clothes.”

The archived discussion concludes with Bob signing the post using his real name while criticizing anonymous forum participants whom he describes as reluctant to speak publicly regarding association governance concerns.