My wife and I just got back from our 5th time staying at Yachtclub (7th trip to Bonaire) for two weeks over Christmas and New Years and were very pleased with the value and the recent improvements made by the new management, a Dutch couple Wifred and Jolanda who live onsite.
It is a small compound with about 13 units. All apartments are clean and well equipped with sleeper fouton couches and have a fully equipped kitchen with big frig, stove, microwave, toaster, coffeemaker, pot, pans, dishes and utensils. They also have A/C and cable T/V. Each apartment has a private porch with table, chairs and a drying rack for smoking or just sitting out in the evenings. There is a nice pool and patio area in the courtyard and they have recently started serving breakfast and dinner in the courtyard. We didn't wake up in time for breakfast, but the dinner was excellent. There is a fresh water rinse tank behind the office. There are no phones in the units, but the Yachtclub has recently implemented free wireless internet access throughout the complex and so if you bring your laptop, you can stay in touch for free.
The location is great as it is across the road from Harbor Village, just north of town on the south side of the traffic circle maybe a quarter mile from Den Laman, Sand Dollar, Buddys and Capt Dons.
We paid $1500 for two weeks for two effiency apartment and pickup truck during absolute peak season. Diving was $20 per diver per day dived (you don't pay for days you take off) for unlimited 32% nitrox tanks and weights at Bonaire Dive and Adventure (at Den Laman) which I believe is the best dive deal in the Caribbean (we paid an obscenely low $200 for our dives during the two week period). Best of all, we didn't have to prepay for anything other than one night deposit on the apartment.