Auctions, sales, vending machine contracts and reserve investments are among the 35 ways described in Increase Income, Not Assessments that condominium, cooperative and homeowner associations can raise funds without hiking assessments. The book is among nearly 100 publications offered by the Community Associations Institute.
Assessments typically account for 97 percent of community association operating income, according to Increase Income, Not Assessments. But community association boards of directors can generate additional sources of income with programs as simple as a car wash, as complex as a service bureau or as exciting as making the community available for movie location shooting. Increase Income offers detailed information on planning fundraising events as well as checklists, timelines, publicity ideas and a discussion of the legal, regulatory and insurance issues the association should consider.
Increase Income, Not Assessments by Nancy K. Bianconi (ISBN 0-941301-46-X) is available through January 2000 for $24.95 by calling CAI Central at 703/548-8600 or by visiting CAI's Web site at www.CAIonline.org.
The Community Associations Institute is a nonprofit association created in 1973 to educate and represent the nation's 205,000 community associations—condominium associations, homeowner associations and cooperatives. CAI members include homeowners, associations and related professionals and service providers.
MEDIA CONTACT: Blaine TobinPhone: 703-970-9235