Co-op Board meeting calendar, 2019–2020

The following meeting schedule was approved at the 12 August 2019 Co-op Board meeting.

Co-op Board meetings for 2019–2020 are typically scheduled on the second Monday of every month, with some exceptions, from 7:30 to 9:30 p.m., in the community room in the basement of 37 Nagle Ave.

All shareholders are welcome to attend the regular Board meetings!

The Board meetings and other meetings for 2019–2020 have been scheduled as follows:

  • Monday, 12 August 2019
  • Monday, 9 September 2019
  • Tuesday, 15 October 2019 (third Tuesday)
  • Monday, 4 November 2019 (first Monday)
  • Special financial planning Board meeting (CLOSED) – Monday, 9 December 2019
  • Monday, 13 January 2020
  • Monday, 10 February 2020
  • Monday, 9 March 2020
  • Monday, 6 April 2020 (first Monday)
  • Monday, 11 May 2020
  • Monday, 8 June 2020
  • Annual shareholders meeting – Wednesday, 24 June 2020, 6 p.m.

All meetings are scheduled to begin at 7:30 p.m. unless otherwise noted and are subject to change.

2019–2020 Board of Directors

[See PDF announcement.]

Below is a list of the shareholders elected to the Board of Directors at the 2019 annual meeting of shareholders, to serve until the 2020 annual meeting.

Stephen Sameroff – President (37 Nagle)
Lizz Furtado – Vice President (31 Nagle)
Aiah Wieder – Treasurer (31 Nagle)
Paul Wolfram – Secretary (37 Nagle)
Alex Becerra (37 Nagle)
Juan Botero (14 Bogardus)
Elizabeth Braley (14 Bogardus)
Babette Crain (14 Bogardus)
Jeannine Jones (31 Nagle)

2019 Annual Meeting of Shareholders, 20 June 2019

To: All Shareholders of Nagle Apartments Corp.
From: Justin Verret
Date: 13 May 2019
Re: 2019 Annual Meeting of Shareholders, 20 June 2019, 6pm

Enclosed you will find the Notice of Meeting for the Nagle Apartments Corp. 2019 Annual Meeting of Shareholders. Please fill out the proxy and mail it or fax it to my attention to ensure we have a quorum for the meeting. If you are going to attend the meeting, your proxy will not be used.

If you wish to run for the Board, please send a bio to my attention so it can be distributed to the shareholders before the meeting. I should be in receipt of this bio no later than Thursday May 30th in order to have it distributed prior to the meeting. You can still nominate yourself at the meeting or prior, but if a bio is not received before May 30th, it will not be made available to shareholders until the day of the meeting. You are encouraged to include a picture or headshot. The bio can be emailed to and should be in Word format.

This year’s meeting will be held in the courtyard of the Nagle Apartments, New York, NY 10040. Food and refreshments will be served starting at 6pm. I look forward to seeing you all there. Please contact me if you have any questions.

Enclosures:

Personal income tax return data for 2018

The following is a reproduction of a memo sent on 14 January 2019 to all shareholders by our co-op’s certified public accountants: Prisand, Mellina, Unterlack & Co., LLP. View/download the scanned memo (PDF, 55KB).

To: Shareholders of Nagle Apartments Corp.

Re: Personal income tax return data for 2018

Dear Shareholders:

Under the provisions of Section 216 of the Internal Revenue Code, a tenant stockholder of a Cooperative apartment is entitled to deduct from personal gross income a proportionate share of interest and real estate tax paid or incurred by the Cooperative Corporation.

For the year 2018 your per share individual income tax deductions are as follows:

Mortgage interest     $10.21 per share

Real estate tax     $24.54 per share

These deductions are available only if you itemize deductions in your individual income tax returns and may be limited.

For the year 2018, if you were granted any real estate tax abatements, reflected in a maintenance credit or received by check, your real estate tax deduction as stated above should be reduced by the amount of the abatements you received.

In order to compute your total deductions for 2018, multiply the number of shares owned by you, as indicated on your stock certificate, by the amounts per share stated above. If you became a stockholder, or sold your stock in the Corporation during 2018, you are permitted to deduct a fractional part of the figures, based on the proportionate part of the year you owned the stock.

Contributed capital in 2018 was $14.92 per share for mortgage amortization and $8.30 per share for capital assessment. This is not a deduction, but an increase in the basis of your investment.

Should you have any questions regarding the application of the aforementioned information to your individual income tax returns, please consult your personal tax advisor.

PRISAND, MELLINA, UNTERLACK & CO., LLP
Certified Public Accountants

Annual budget meeting 2018 – Update

The following is a reproduction of a memo dated 21 December 2018, distributed by management to all shareholders.

Dear Shareholders,

During our December meeting, the Board set the budget for the 2019 fiscal year. Due to the fiscal responsibility of the Boards over the past several years, we are proud to announce that this year we will only have an increase of 1.25%, and the capital assessment of maintenance will maintain at 10%. This is the lowest overall increase implemented in the last 9 years.

This modest increase ensures that we will have sufficient cash on hand to fund all co-op operations while having additional funds in case of an emergency. The capital assessment will allow us to fund needed improvements in both the short and long term, while also assuring lenders that our co-op’s finances are sound.

The Board understands that any increase can greatly affect our shareholders, and we do not take that fact lightly. Operating expenses increase incrementally year over year due to inflation, and we have many fixed costs that we cannot control. With the little discretionary funds we have to work with, we try to set up projects that improve our wonderful co-op and make it a great place to live, like our playground last year.

In order to improve security for the building and to address our aging intercoms that require more maintenance every year, included in this budget is a plan to upgrade the intercom system for all the buildings. More information will follow in the upcoming year as plans start to form.

Sincerely,
Nagle Apartments Corp. Board of Directors

Co-op Board meeting calendar, 2018–2019

The following meeting schedule was approved at the 13 August 2018 Co-op Board meeting.

Co-op Board meetings for 2018–2019 are typically scheduled on the second Monday of every month, with some exceptions, from 7:30 to 9:30 p.m., in the community room in the basement of 37 Nagle Ave.

All shareholders are welcome to attend the regular Board meetings!

The Board meetings and other meetings for 2018–2019 have been scheduled as follows:

  • Monday, 13 August 2018
  • Monday, 24 September 2018 (4th Monday)
  • Monday, 22 October 2018 (4th Monday)
  • Monday, 12 November 2018 (Veteran’s Day)
  • Special financial planning Board meeting (CLOSED) – Monday, 10 December 2018
  • Monday, 14 January 2019
  • Monday, 11 February 2019
  • Monday, 11 March 2019
  • Monday, 8 April 2019
  • Monday, 13 May 2019
  • Monday, 10 June 2019
  • Annual shareholders meeting – Thursday, 20 June 2019, 6 p.m.

All meetings are scheduled to begin at 7:30 p.m. unless otherwise noted and are subject to change.

NaBors Oktoberfest 2018 – Sunday, 30 September, 2pm

Come meet your NaBors …

What: Oktoberfest 2018

When: Sunday, 30 September, 2pm
[Rain date: Sunday, 7 October, 2pm]

We bring: Brats, dogs, veggie kabobs, H2O and beer

You bring: A side dish to share and any beverage other than beer that you may want

Playground area: Face painting w/ Rachel and balloon animals (3–4:30pm)

Roof deck: Fun photo ops and comfy seating

Lower deck: Food served

We need numbers to purchase food, so in order to better plan, we ask that you either RSVP by 19 September—online at or contact a board member and let them know. Thank you!

HOPE TO SEE YOU THERE!!!

Cookout/potluck gathering, Saturday, 25 August 2018, 3–6pm

Cook-out/potluck gathering, Saturday, 25 August 2018, 3–6pm

NaBors Cook-out/Potluck

This time it’s a cook-out/potluck gathering! We’ll have the grills ready to roll.

Meet your NaBors and share good food, conversation, music and merriment!

Date: Saturday, 25 August 2017, 3–6pm
Location: NaBors Lower Courtyard

Bring yourself, your loved ones, and
A DISH and/or GRILLING FOODS and/or DRINKS TO SHARE!

RSVP:

In your message, please let us know what you’re planning to bring.

2018 Annual Meeting of Shareholders, 27 June 2018

To: All Shareholders of Nagle Apartments Corp.
From: Justin Verret
Date: 15 May 2018
Re: 2018 Annual Meeting of Shareholders, 27 June 2018, 6pm

Enclosed you will find the Notice of Meeting for the Nagle Apartments Corp. 2018 Annual Meeting of Shareholders. Please fill out the proxy and mail it or fax it to my attention to ensure we have a quorum for the meeting. If you are going to attend the meeting, your proxy will not be used.

If you wish to run for the Board, please send a bio to my attention so it can be distributed to the shareholders before the meeting. I should be in receipt of this bio no later than Friday June 8th in order to have it distributed prior to the meeting. You can still nominate yourself at the meeting or prior, but if a bio is not received before June 8th, it will not be made available to shareholders until the day of the meeting. You are encouraged to include a picture or headshot. The bio can be emailed to and should be in Word format.

This year’s meeting will be held in the courtyard of the Nagle Apartments, New York, NY 10040. Food and refreshments will be served starting at 6pm. I look forward to seeing you all there. Please contact me if you have any questions.

Enclosures: