This issue uncovers how $21,000 in unpaid legal invoices—quietly hidden from a condominium board—reveals deeper risks in HOA financial oversight. What seems like a bookkeeping error is actually a case study in mismanagement and the dangers of concealed liabilities. Learn why undisclosed debts, management silence, and missing documentation undermine board decision-making, harm vendor relationships, and expose homeowners to regulatory and reputational risks. Drawing on real cases across Illinois, this newsletter highlights urgent action steps for boards and owners to demand transparency, audit financial records, and protect their communities from the unseen dangers that threaten their financial integrity.