In the wake of the Champlain Towers tragedy in Florida that was caused by financial mismanagement, Transparency HOA is putting together a lawsuit against the 428 Alice Owners Association and The Helsing Group.
Preliminary Investigation has uncovered serious inaccuracies and violations in the 428 Alice financials including, but not limited to:
2019 Financial Statement
2020 Income Statements
2020 Reserve Study
2021 Reserve Study
To date, the 428 Alice Board of Directors has illegally borrowed over $300,000 from the Reserve Fund and has NO plan to return these missing funds.
As a current owner in the 428 Alice Owners Association you are eligible to join the lawsuit.