2025 Board Election Results

Let's celebrate the newly elected board members and the collective effort that has paved the way for a promising era at CTC.

Thank you to all Commonwealth Terrace Cooperative (CTC) members and residents who participated in the 2025 Board of Directors Election and joined us for the Annual Member Meeting on November 20, 2025. Your engagement and support continue to strengthen our vibrant, resident-driven community.

Board of Directors Election Results

We are pleased to announce the newly elected members of the CTC Board of Directors, who will serve 2025–2027 terms:

Adebowale Adeyemi
Luke Lebar
Kavy Pathirana
Soumok Sadhu
Shilpi Singh

In addition, we would like to share an important update regarding Board appointments:

Emmanuel Kipruto Ngetich has been nominated to fill a current vacancy in the 2024–2026 term, completing the remainder of that term.

We congratulate our new and returning Board members and extend our appreciation to all candidates who stepped forward to serve the cooperative.

Letter from the CTC Executive Director

Dear Commonwealth Terrace Members and Residents,

As we reflect on the past year at Commonwealth Terrace Cooperative, I want to extend my heartfelt gratitude to each of you for being part of this vibrant, diverse, and resilient community. This year has been marked by meaningful progress, collaboration, and renewed commitment to building a stronger cooperative for both current and future residents.

At the start of the year, we identified four strategic priorities: Building Community, Elevating Stakeholder Relationships, Closing our Financial Gap, and Revising our Bylaws. I am proud to share the progress we have made together across these key areas.

Building Community

We continued to invest in programs and events that bring residents together and strengthen the sense of belonging at CTC. Event offerings increased from 4 CTC-funded events in 2022–2023 to 167 events in 2024–2025, expanding opportunities for cultural celebration, wellness, family activities, and volunteer engagement. Resident participation in committees also grew, reinforcing the cooperative spirit at the heart of CTC.

Elevating Stakeholder Relationships

This year included significant collaboration with the University of Minnesota and key partners, particularly around renegotiating our rate structure and addressing financial limitations created by our inability to select external vendors.

Although our requests to modify financial requirements and vendor restrictions were not approved, ongoing dialogue resulted in meaningful progress. The University agreed to take on additional capital planning repairs, reducing pressure on CTC’s operational budget and enabling more investment in resident services, maintenance, and community initiatives.

Closing the Financial Gap

Financial stewardship remained a top priority. Through focused expense management, revenue alignment, and operational efficiency, CTC reduced its negative cash flow from $271,812 to $30,390 in under two years.

Fiscal Year 2024–2025 initially closed at a negative $90,390, largely due to approximately $60,000 in funds that had been received but were not yet recorded at year-end. Once reconciled, the final cash flow deficit was $30,390—a significant improvement that reflects our commitment to long-term financial health.

Revising the Bylaws

Although we did not have the resources for a full bylaw revision this year, we made key improvements to internal governance and financial policy, including updating our spending policy to strengthen accountability and oversight. We also refined our investment accounts to better support long-term sustainability.

Looking ahead, we remain committed to operational excellence, resident engagement, and long-term planning. Our progress is made possible by the dedication of our staff, the leadership of our Board of Directors, and the participation of our residents.

Thank you for your partnership, trust, and commitment to the CTC community. Together, we are shaping a cooperative that fosters connection, growth, and opportunity for all.

Tiffany Maloney

Executive Director

Annual Meeting Resources Available

Missed the live meeting? No problem!

Recording of the Virtual Meeting: Access it anytime on RentCafe > Governance.
CTC Financial Audit (FY 2024–2025): Access it anytime on RentCafe > Governance.

CTC Board Meetings - Join Us!

Meeting Details:

Date: Fourth Thursday of the Month
Time: 6:30 pm
Location: Community Center - Meeting Room (first floor)

This is a fantastic opportunity for you to actively participate and understand more about the operations of your cooperative. Your engagement as a member plays a crucial role in ensuring the efficiency and effectiveness of the cooperative.

Why Attend CTC Board Meetings?

Learn: Gain insights into how your board and co-op function.
Participate: Contribute to a more efficient and effective cooperative by being an active member.
Engage: Join the open discussion at the beginning of the meeting with your questions, feedback, and innovative ideas.

Community Voices: Your input matters! Submit your questions, concerns, or compliments for the Board of Directors to discuss during the meeting. Your ideas and feedback are instrumental in better representing our community and enriching the co-op for present and future generations. Learn more about Community Voices here.

Meeting Materials: Stay informed by reviewing the upcoming meeting's agenda on our governance page. Additionally, meeting minutes will be posted shortly after the meeting, providing you with an overview of the discussions and decisions made.

Your active participation and valuable input contribute to making CTC the best it can be for our community. We look forward to seeing you at the Board Meeting!