Homeowners Associations (also known as Common Interest Realty Associations) are formed when a developer or builder has incorporated common amenities like pools and playgrounds for the use of all homeowners within a housing group. Dues are collected from each homeowners and strict state guidelines govern how the money is spent, budgeted and accounted for at the end of each year.
Our firm concentrates on providing accounting, tax and auditing services for owners' associations and non-profit corporations. The associations served by our firm include homeowners, property owners, townhome owners, condominium owners, and time-share owners. In addition to financial statement audits and accounting services, we also provide forensic audits in cases of possible theft, embezzlement and disputes.
Our Homeowner Association services include:
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Annual Audits, Reviews and Compilations
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Budget Development and Review
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Education/Presentations for Boards and Associations
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Forensic Accounting
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Financial Planning for Capital Expenditures
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Litigation Support
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Replacement Funding Strategies
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Tax Planning and Compliance
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Transition to Unit Owner Control
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Voting Tabulation Services
Our association clients range in size from very small (a nine-unit condominium) to large properties of mixed-use development. For example, one of the communities we serve is a mixed-use development with single and multi-family residences, an office park, retail, commercial and light industrial centers, related common areas, roads and a golf course. This property consists of 1,680 acres of land. We have provided accounting services to this association since 2002. Another community consists of four condominium associations, a master property owners association and a rental management company. The combined total annual revenues for this community for the year 2008 were over $4,500,000. We have provided services to this association for more than ten years.
We currently serve over 100 condominium and homeowners associations annually.
