Missing $700 K from HOA funds

My HOA has a large reserve fund which the Covenants require be kept invested. The Board in fact has never invested this money in any way, despite having a published policy requiring it, signed by the current Board president. He says he is too busy to possible invest this money for several years (it has been sitting in a non interest bearing account for the last DECADE). We have no way to force the Board to invest this money aside from a very expensive lawsuit that homeowners cannot afford. Our dues have increased 214% with no increase in services. We have no amenities to finance, and the HOA only does weed pulling and snow removal, at 300% the going rate for contractors. They have violated State CCIOA laws multiple times, are guilty of vote harvesting and harassment. HOA's do nothing to increase resale value per recent research, and there is NO reason for this HOA to even exist. There are concerns of nepotism in awarding contracts for snow removal and HOA management. We are being charged $5k a year for "Legal Fees" without any explanation. Board has secret meetings and votes that members have no control over. Multiple Board members from the same family although that is expressly prohibited by the Covenants. Same two individuals on the Board are the problem, have been in office 10 years, and no plans to submit to a fair election. The candidates for the Board collect the ballots, and there is no discussion of any issues prior to voting. Board does not provide minutes of any meeting, just says this and that passed, without any documentation. Much much more.

Help us get out from under this shake down organization.