Joe,

The true perspective is we lost $417,944, and just as true is this loss equates to a $50 per year assessment increase.

If in fact after all is said and done, OPA has a profit of $41,000, how is that a bad thing for our association?  Couldn't the $417,944 be considered as an operating expense and OPA as a whole made $41,000. Maybe I am not seeing the entire picture.  Are you saying that as a whole, on a spread sheet, OPA lost $417,944? Or did OPA as a whole take in $417,944 + $41,000  minus $417,944 operation cost leaving a net of $41,000?  I may get hammered here on the forum for my lack of accounting knowledge, but an overall profit after operating expenses doesn't seem to bad for a business as a whole.  

Robert.