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Follow on Google News | ![]() HOA Boards Should Assess Itself Each YearA nonprofit Board of Directors is responsible for many things in its organization. The Board oversees the operation, provides guidance, and develops policy. So who monitors the Board to make sure it’s as good as it can be?
A good self-assessment is comprehensive and covers all areas of Board responsibility It helps determine the Board’s effectiveness and level of functioning. It also provides A structured time for reflection. An opportunity to assess individual and group weaknesses and strengths. A springboard for Board member recruitment in the coming year. A way to identify any training that might be needed for the Board. There are lots of tools out there that can be used to assess Board performance including surveys and questionnaires. Related Coverage How to Grow Your Small Nonprofit Board of Directors Recruiting good Board members for small nonprofit organizations isn’t always easy, but it can be done. Here are some good ideas to make it a little easier. 10 Keys to Effective Nonprofit Fundraising in a Soft Economy Fundraising in a soft economy offers unique challenges to nonprofit organizations. The bad news is that you will find many doors that were historically open to you suddenly closed. The good news is that the most effective fundraisers are still able to raise significant funds. Why 100% Board Giving is a MUST! Your Board is the leadership of your nonprofit organization. Not only do they set policy and plan for the organization’ Why Your Nonprofit Needs a Wish List Every nonprofit organization has more needs than they have resources to fill. A Wish List is a great tool for giving donors, volunteers, and prospects ideas about how they can help you. Typically, some items on a wish list can be fulfilled with a monetary gift, but most are usually items that are needed. It doesn’t matter so much which tool is used as long as one is used.Giving the Board a chance to evaluate its own effectiveness is a step toward best practice in governance. It can contribute to the overall teamwork of the group and satisfaction of individual members. It points out areas where improvement is needed and sets a course of action for the coming year. Having a policy in place that requires the Board to evaluate itself each year is a great way to make sure that it happens. The organization will only be as good as its Board, so make the Board the best it can be through annual self-assessment! Riverside Property Management, Inc. is a leading provider of Homeowner Association management services in the North Atlanta area. Including, but not limited to: all accounting procedures, vendor/contract management, covenant enforcement and management consulting services. Call today for a free quote on management of your HOA, POA or Condo Association at 678-866-1436. End
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