KG HOA Board of Directors Application

Your interest in serving on the Kensington Grove Homeowners Board of Directors is greatly appreciated.

The Board of Directors consist of seven (7) members: President, Vice-President, Secretary, Treasurer, and three additional directors.

Board members attend one evening meeting per month, typically the first Monday of the month. Meetings may last up to two hours. Discussion topics include managing the care and maintenance of common areas, voting on homeowner property improvement requests, and promoting ideas to enhance our community.

Terms of Service

Elected Board members serve a term of two (2) years. After an election, should there be a vacancy, the position could be filled by an invited volunteer who serves only one (1) year.

2021 Corporate Transparency Act (effective January 2024)

The Corporate Transparency Act (“CTA”) was enacted by Congress on January 1, 2021, as part of the National Defense Authorization Act. It became effective on January 1, 2024. The CTA includes significant reforms to anti-money laundering laws and is intended to help prevent and combat money laundering, terrorist financing, corruption, and tax fraud.

Corporations, including HOAs, are required to report beneficial ownership information to the Financial Crimes Enforcement Network (“FinCEN”) to identify those who directly or indirectly own or control the company. Members of the board of directors control the HOA corporation and are thus required to be listed in the report. Changes in board membership must be reported within 30 days or the board can be subjected to a fine up to $500 per day.

As a board member, you will be required to supply a copy of your photo ID (drivers license or passport) and other personal information. If there is a change to your personal information or photo ID, it must be reported to FinCEN within 30 days.

If you are interested in applying for board membership, you should be aware of the above obligation.

Application Process

Applications are accepted during the month of September for next year’s Board. Elections are held late October. Elected members will be notified within a week of the election and will begin serving starting January. A meeting schedule will be posted no later than December.

Your application below must be received no later than Friday, September 22, to be included in the October election.

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