communication tools for home owners associations

How Communication Tools Can Save Your HOA

At Condo Manager, we know the importance of having excellent communication in regards to the success of a homeowners association. Although it can be something that is easily overlooked, with our years of experience in running and managing associations, it’s a non-negotiable with our clients.    How HOA Communication Tools Help One of the most…

financial statement

Condo Board Accrual Accounting

Determining the best method for accounting for an association is an important part of the management process for the association. Cash Accounting and Accrual Accounting are the two most common methods used. Many associations use cash accounting because it’s easier to understand the revenue and expenses, but accrual accounting is often the preferred method because…

form 1120-h

What You Need to Know About Form 1120-h

The IRS treats homeowners associations (HOAs) and condominium associations (COAs) as corporations, regardless of whether they are residential or commercial. This means they are required to file a federal income tax return. In some states, these associations are also expected to submit a state tax return. Note that the requirement to file returns doesn’t necessarily…