Atira Property Administration Inc. was created by CEO Janice Abbott in 2002 to generate income from managing strata buildings round Metro Vancouver
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The B.C. authorities won’t be inspecting Atira Girls’s Useful resource Society’s massive personal strata administration company because it digs into the charity’s books following a damning battle of curiosity report.
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On Tuesday, B.C.’s housing minister Ravi Kahlon mentioned an investigation was underway into Atira’s funds following the discharge of an Ernst and Younger report displaying systemic battle of curiosity between the non-profit housing company and B.C. Housing’s former CEO Shayne Ramsay — who’s Atira CEO Janice Abbott’s husband. Atira is B.C. Housing’s largest contractor.
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The federal government’s investigation contains Atira Girls’s Useful resource Society and Atira Improvement Society, however not Atira Property Administration Inc. — which has a employees of over 500, in response to the newest information. By comparability, Atira Girls’s Useful resource Society employs 560 folks.
Atira Property Administration Inc. was created by Abbott in 2002 to generate income from managing strata buildings round Metro Vancouver, with these income donated to the charity. As a result of it’s a personal company, Atira Property Administration Inc.’s funds usually are not out there, and it isn’t readily identified what income they make and redistribute again to Atira.
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The corporate is registered with the B.C. Monetary Companies Authority and has two workplaces, one in Vancouver’s Downtown Eastside and the opposite in Surrey.
Kahlon mentioned he was shocked that Atira’s board of administrators was standing by the charity’s beleaguered CEO.
Ramsay resigned from B.C. Housing in August and is now govt vice-president of actual property and improvement for Nch’kay Improvement Company — the Squamish First Nation’s property improvement arm.
NDP stalwart Pleasure MacPhail is chair of the eight-person board of Nch’kay Improvement Company that features two folks from the Squamish First Nation, in addition to Mike Magee (former chief of employees to former Vancouver mayor Gregor Robertson).
In keeping with the newest monetary statements, Atira has nearly $100 million in belongings and annual revenues of $75 million. Atira Improvement Society, which manages Atira’s social applications, has annual income of round $6 million.
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Atira has been named in a authorized motion being taken by survivors of the Winters Lodge hearth in April 2022 wherein two folks died after the Atira-managed constructing burned to the bottom with no hearth prevention methods in place.
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