Reply to Harmony requests to relocate to Hope Tolson building

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Reply to "Harmony requests to relocate to Hope Tolson building"

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[quote=Anonymous][quote=Anonymous]https://drive.google.com/drive/folders/1K3F2PBUTn0VrVoz_PN1PEisfgWFwYozs

Harmony board meeting minutes here. There's a lot of financial information. It seems like their cash position currently is strong relative to current operating costs, but I'm really unclear on how a less than 200-kid school, with an enrollment cap of 450, can afford a [b]building with a capacity of 947 kids[/b]. Maybe they're planning to add grade levels, but even so, going up to 8th would only be three more classrooms so like 60 kids, and that would require a charter amendment which is not guaranteed for a school with shaky performance. Expanding to solve financial problems is a classic move, but not always a successful one.

The parent organization basically had to bail this location out with an influx of cash in the last review cycle. I wonder if that's what's enabling this to happen.

They expect to receive an Aspire score of 3, which is not very good.[/quote]

The Certificate of Occupancy referencing a capacity of 947 is interesting -- that may be staff and students but it's still very high. The Hope Tolson building is a roughly 32,000 square foot facility. The capacity is closer to 500-550 students max.

From the application, they've already signed a purchase agreement so affordability and financing or support from their parent organization is probably already known.

The Harmony enrollment ceiling is 250. They can enroll up to that number and after that would need an enrollment ceiling increase which is a much higher bar for academic performance for approval.[/quote]

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