In a release by the Community Association Institute, it is reported that Colorado has approximately 9,000 community associations or 2.8% of all associations in the United States. Based upon these figures it can be extrapolated that the associations within our state account for:
*46,900 board members
*16,548 committee members
*2,136,400 hours of service performed by board and committee members which equates to $47 million dollars of volunteer time based on Bureau of Labor Statistics estimate of $22.14 per hour of volunteer time.
Thank you to everyone that volunteers in a community association!
The report also affirmed what the last four national surveys conducted by CAI have told us:
These numbers are certainly reflective of the hard work that community board members, volunteers and managers put in to making each and every community successful. Keep it up!