Managing a homeowners association requires access to reliable HOA board resources that support effective governance and decision-making. Community Financials aims to provide board members with the tools, knowledge, and best practices needed to lead their communities successfully. From comprehensive training guides and governance tips to advice on managing board meetings and understanding legal obligations, you’ll find everything you need to navigate your role with confidence.
Explore articles that cover essential topics like conflict resolution, policy development, and board member responsibilities. Whether you are new to the board or a seasoned leader, these resources are designed to enhance your skills and support your efforts in building a well-managed and cohesive community. Whether you’re looking for ways to improve board efficiency or ensure compliance with financial HOA regulations, Community Financials here to support you every step of the way.
Budget season has a way of sneaking up on boards. One week it is summer, and the next the calendar is turning toward fall and someone realizes the budget needs to be finalized before the new year. The boards that navigate this well are the ones that do a few specific things before they sit…
After more than two years of legal battles, regulatory reversals, court injunctions, and genuine uncertainty for volunteer board members across the country, the Corporate Transparency Act’s beneficial ownership reporting requirements are now off the table for U.S. community associations under the current federal regulatory framework. On August 11, 2026, the U.S. Treasury Department’s Financial Crimes…
Gay Hawkins has been president of her 8-unit HOA in Riverside, California for about ten years. Before she became president, her community had already been through one full-service property management company. During her tenure, she went through two more. Three in total over 22 years. Each one taught the board something about what to look…
A Wall Street Journal report published this week documented something that should get every HOA and condo board’s attention. Foreclosure filings tied to unpaid HOA dues are rising sharply, up nearly 40% over two years according to real estate analytics firm Attom, with more than 6,300 properties affected in just the first quarter of 2026…
Most HOA boards assume that when they hire a property management company, the accounting comes with it. The manager handles the vendors, attends the meetings, fields homeowner calls, and produces the financial reports. Everything in one place. One relationship. One invoice. That bundled model is how most of the industry works. It is also why…
Francisco Gomez became board president of Doral Gardens HOA in Doral, Florida in 2022. What he inherited was not a community in good shape. The property manager had stolen $168,000. A special assessment had to be issued just to recapitalize the association. Two replacement managers were brought in after the fraud was discovered. Neither was…
Every board eventually faces the same uncomfortable moment. A reserve study lands on the table, the professional assessment that maps out what the community’s major components, including the roof, pavement and elevators, will cost to repair or replace and when. The numbers are higher than anyone wanted to see, and someone in the room asks…
It starts with the best of intentions. The operating budget runs short, a repair comes in over estimate, or the year just did not go as planned. The reserve fund is sitting there, the board knows the money is there, and someone suggests borrowing from it temporarily with a plan to pay it back later….
When boards come to us looking to make a change, I always ask the same question: why now? After talking with hundreds of boards over the years, the answers almost always come back to the same two things. They lost trust in how the accounting was being handled, or they were not getting responsive service….
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
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