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fBreaking News
From the President
Greetings Everyone,
I trust you are all remaining to be safe. I believe our residents have done a great job in protecting themselves and others during this pandemic. FMO, like other entities, has been affected by the virus and we have had to address our fiscal issues. We were fortunate enough to qualify for the Payroll Protection Program and expect the loan will be forgiven.
As most of you know FMO’s income occurs between October and April of each year and that has to carry us through the summer. Our primary source of income is our membership dues. Membership needs to grow for us to continue to protect and advocate for Manufactured Home Owners. Thanks to our membership drive we were off to a record setting year in January and February. Then came March 13th and you know the rest of the story.
At this point I want to make it clear that FMO is solvent and can survive this year and beyond no matter what happens. Two years ago, we sold our Headquarters building in Largo and moved into a smaller leased office space. This created a significant increase in capital. We have funds in an investment account, a money market and our operating fund. With that being said, we still look for ways to increase our revenue especially during this unprecedented time.
I invite you to look at the Cross County Motor Club Membership that FMO offers its members. We are able to offer this competitive plan at a discounted rate as well as making a small profit. It was also suggested that we initiate a GoFundMe site to help defray some of the costs for our planned educational webinars. This only reflects our attempt to provide more opportunities to manufactured home owners.
We will launch our new membership management program at the end of September. Park Reps and every level of leadership will have live access to up to date data. This will be followed by our webinar series in October beginning with ‘Park Rep Training’ and ‘Negotiating with your Park Owner’. In November we will offer our first ‘HOA Board Training’ webinar, and a second to be scheduled in January. You will find the links to register for these in this Newsletter. They will be free except for the HOA Board Training as course materials will be furnished.
Stay safe, Jerry Durham
