One of the fundamental duties of the Eastridge Hills Board of Directors is to uphold the governing documents of our association. Yet, when the Board failed to place a lien on a recently foreclosed property—a costly oversight—they pledged to be more “diligent” moving forward.
That time has come.
By now, you’ve likely received a mandatory assessment notice demanding an additional $123.00 per household to cover a financial shortfall—an expense tied directly to mismanagement rather than necessity. The Board has made it clear in executive discussions: any homeowner who fails to pay this fee by March 15, 2025, will have a lien placed against their property.
Mismanagement, Not a Shortfall
Let’s be clear—this isn’t a simple funding gap. This is the result of reckless financial decisions. Our reserve funds, which should have been available for essential expenses, are instead locked up in risky investments at Schwab Stock Brokerage.
Under the California Davis-Stirling Act, the Board has broad authority to impose assessments and enforce collection through liens and legal action. But who benefits? The Kelly Company, the HOA’s management firm, which stands to profit from collection fees imposed on homeowners.
A Higher Standard?
The Board often reminds us that Directors should be held to a higher standard. If that’s the case, will they hold themselves accountable for this mismanagement? Or will they, once again, pass the burden onto homeowners?
The hope is that our next Elected Board will put an end to these reckless financial maneuvers and restore fiscal responsibility—before even more damage is done to Eastridge Hills’ reputation and its homeowners.
The March 15 deadline is fast approaching. The question is: How much more will we allow?
If you have questions, please ask them in the comments . . . we have the resources,
