In association with Cooperative Housing Advising and Training:

The Housing Co-Op Members

Massachusetts Association of Housing Cooperatives

Invites you to enroll in

Budgeting 101: Fiscal Fitness For Your Housing Cooperative

October 5, 2024 10:00 AM - 2:00 PM

[registrants will be informed of location]

The Who, What, Why, When and How of Creating Your Annual Operating Budget

WHO prepares?

WHAT must be in it?

WHY is it necessary?

WHEN should it be completed?

HOW is it prepared?

Protect the value of your Co-op Members’ Homes

If you want your property to look and perform like other well-run buildings, -- and keep your members’ costs affordable --you need a clear, tight, comprehensive and transparent budget.

The only way to improve your property is to dig into the nitty gritty of its finances.

You need to understand your building’s current financial situation so you can plan for the day-to-day expenses as well as long-term improvements.

Budgeting 101 is the first part of MAHC’s 2024-2025 training program on financial literacy for Co-op members.

Future sessions (dates to be announced)
Capital improvements planning and budgeting
Monitoring and managing the co-op’s finances

What’s Inside Budgeting 101

Once you enroll in the Budgeting 101 course, you’ll receive a comprehensive course that will give you everything you need to learn about the ins and outs of creating and managing a property budget.

Video lessons on the key topics of budgeting:

Why you need a budget
When you need to start and complete a budget
Where to find the information you need about your current finances
How to forecast for future expenses
What operating expenses need to be included – such as utilities, staff, maintenance
What kind of insurance you need and how your budget effects premiums
Who is responsible for creating the budget

PLUS – early access and special bonuses included with future courses and worksheets to help you create your building’s budget.

Registration Information and Fees

The target audience for Budgeting 101 is members of Massachusetts housing cooperatives, particularly Board members. Up to four members of a co-op can register for the in-person session. Lunch is included in the in-person registration.

MAHC encourages participants to attend in person. However a remote option is available. The remote session will in a webinar format, with limited opportunities for participants to engage in Q&A and other interactive aspects of the training and a slight delayed delivery of handouts and worksheets.

Friends advisors, vendors, lenders and others interested in housing cooperatives are invited to register.

Registration Fees

For Members & Non Members

In person:

$50 MAHC members

$75 Non Members

Remote:

$30 MAHC members

$50 Non Members

NOTE: NON-MEMBER CO-OPS THAT JOIN MAHC BY THE END OF 2024 CAN DEDUCT ONE HALF OF THEIR REGISTRATION FEES FROM THEIR FIRST-YEAR DUES

Looking to add additional participants? Please reach out to [email protected] with the number of participants you wish to include and we will be in touch.

Meet Your Trainer/Facilitator - Kimalee Williams

Kimalee Williams is the owner of Cooperative Housing Advising & Training (CHAT) and CEO of Faith Asset Management, LLC (FAM). CHAT is an online training platform and in-person consulting service provider to Property Owners, Boards, Property Managers, PM Staff and housing agencies in all areas of cooperative housing (market and affordable) including governance, operations and overall fiscal management as well as board/management relations.

With over twenty-five years of experience in residential, commercial and cooperative housing, Kimalee is skilled in all aspects of property management including finance, capital improvements oversight, marketing, sales and resident relations.

Kimalee holds a MBA and BSBA in Finance from the Barney School of Business through the University of Hartford, where she was inducted into the Beta Gamma Sigma International Honors Society, as well as the Omicron Epsilon Honors Society in Economics. Kimalee is an adjunct professor at both Goodwin University and University of Hartford teaching property management, marketing and ethics.

Kimalee serves as a Board Member of the Advisory Committee to Goodwin College’s Business Department.. Kimalee is a Board Member of the National Association of Housing Cooperatives (NAHC) where she has served as Audit Committee Chair andVice Chair of Member Services. She is one of the organization's nationally certified trainers providing Board of Director training throughout the United States to various types of housing entities. She is also President of the Cooperative Housing Association of New England (CHANE).

Kimalee holds the Registered Cooperative Manager (RCM) designation and is also Co-chair and a trainer for the organization where she has the pleasure of training “up-and- coming” cooperative managers.

Kimalee is a Licensed Real Estate Agent, a Certified Manager of Housing, and a Certified Occupancy Specialist. Connecticut’s Governor recognized Kimalee for receiving the Hartford Business Journal’s “40 Under 40 Award” given to “outstanding young professionals in the Greater Hartford area that are excelling in their industries through their leadership roles.”