Ron Lins works for a non-profit step-recovery program that is owed $1,000 from David Holland Resort Lodging. David Zatz, founder of the company, said there’s no money to pay anyone back.
Lins’s group held a conference with David Holland Resort Lodging in Park City in mid-May. He was told the $1,000 deposit for the 50 or so rooms would be returned within 30 days of the end of the conference.
Like many of the company’s creditors, he was told several months later, “We’re waiting for funding.”
The $1,000 Lins is owed is far less than that owed many others, but Lins said it has put his group in a pinch because the money was donated. His nonprofit operates on a tight budget; without the returned deposit, he’s in the red for the remainder of the year.
Conferences held by various branches across the state are paid for out of a shared meeting fund. Donations at each event, registration fees and dinner tickets help replenish the fund after each event. If the $1,000 deposit isn’t returned to the fund, another branch may not be able to hold their planned event.
“We’ll need more people to step up and donate,” he said. “We have a tight budget it’s basically seed money.”
David Zatz, founder of Crossways Corporation, for which David Holland Resort Lodging is a “doing business as” name, was reached by telephone and said simply, “There are no funds.”
Crossways ceased operations in early September. Prior to that, it sold most of its assets to Phoenix Realty Group in an effort to save the company. With no assets and no income, Zatz said there’s nothing left to pay his company’s debts.
“My company has been shut down, so there are no funds in the company,” he said. “My company had been my life for 25 years. There are no assets in the company to cover this.”
Zatz said he has no personal assets to go after either, leaving in question what will happen to the small claims judgments against him.
Another small-claims hearing is scheduled for today, Wednesday afternoon, at which at least three more condominium owners will seek judgments.