Cohousing-L Mailing List: Re: Hardship funds/resources

[Kelly Bachman (happyvalleykelly]

We have had a hardship fund since 2010 to pay from 1 to 6 months of dues
for a member experiencing a temporary financial hardship.  It is accounted
for in the equity section as a fund, right next to the reserve fund.
Donations come into the fund from member fund raisers and voluntary self
assesment. Members can only apply once in 5 years. It is administered
confidentially by a 3-person team of the treasurer, President, and one
member appointed by the president who does not have a financial interest in
the community. It has been used 4 times and each time, I (the treasurer)
was so glad we could help.
Kelly
Bellingham Cohousing

On Thu, Mar 21, 2024 at 12:50 PM Ruby Reay <rurubux [at] hotmail.com> wrote:

> Hello all,
>
> I am curious how communities deal with financial hardship experienced by
> their residents, specifically, do any of you have a fund that is used for
> such things, and if so, how to do approach the accounting of such a fund. I
> am thinking non-profits can't do such things, so there might be
> alternatives. I am aware that religious organizations (churches) have
> hardship funds/resources and have a means of accounting for them.
>
> At any rate, curious to hear what others are doing.
>
> Thanks,
>
> Ruby Reay
> Phoenix Commons
> Oakland, CA
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