HOA ReportHOA Report [BETA]Know your HOA.

HOA Report provides informational document analysis only and is not legal, financial, accounting, insurance, or real estate advice. Read the full disclaimer.

HOA Report

Sample Shores Condominium Association, Inc.

320 Units · Example Bay, ZZ

Overall Score

A summary of the association's financial risk across reserves, operations, insurance, delinquencies, assessments, and litigation.

68 / 100
Moderate Risk

Key Takeaway

The sample HOA appears generally stable, but insurance costs and reserve planning should be reviewed before relying on the report.

Reserve Health Score

How prepared the HOA appears to be for major repairs and long-term capital projects without relying on surprise assessments.

78 / 100
Low Risk

For more information, see Reserve Funding.

Cash & Fee Pressure

Measures operating cash, budget strain, delinquency pressure, and signs that dues may need to rise.

62 / 100
Moderate fee pressure

Elevated insurance costs and limited operating flexibility may place upward pressure on future HOA dues.

Operating Expense Breakdown
Major operating expense categories identified from the report evidence.
Insurance
$230,000
31.5%
Utilities
$176,000
24.1%
Maintenance & repairs
$198,000
27.1%
Management & administrative
$126,000
17.3%
Red Flags
Issues that may require additional review before relying on the HOA report.
1 red flag

Information Gaps & Recommended Actions
Follow-up items that could improve confidence or help verify report risks.
1 action

Operating Cash
Liquidity, income, expenses, surplus/deficit, and near-term operating risk.
82 / 100

“Positive surplus and several months of cash coverage support near-term operations.”

Operating Cash Balance
$376,000
Operating Income
$1,214,000
Operating Expenses
$1,088,500
Operating Surplus Deficit
$125,500 surplus
Current Vs Budget Variance
-$71,500 unfavorable vs budget
Cash Coverage Months
4.14 months
Accounts Receivable Impact
Receivables appear manageable but should be monitored for aging concentration.
Operating Cash Health Score
82 / 100
Reserve Funding
Reserve balance, study recency, contribution strength, and capital shortfall exposure.
78 / 100

“Reserves appear comparatively strong but not fully funded; project bids should be confirmed.”

Reserve Cash Balance
$920,000
Reserve Investment Balance
$1,480,000
Total Reserve Assets
$2,400,000
Annual Reserve Contributions
$360,000
Reserve Contribution Budget Variance
$0
Reserve Study Status
Completed Mar 12, 2025
Reserve Funding Percent
86%
Reserve Funding Percent Basis
Based on total reserve assets against the fully funded target in the sample reserve study.
Projected Reserve Shortfall
$390,000
Known Deferred Maintenance
$125,000
Reserve Borrowing Or Due To Operating
$0
Critical Infrastructure Funding Concerns
Near-term roof and waterproofing work should be monitored against available reserves.
Reserve Health Score
78 / 100
Delinquency & Receivables
Collections, receivables, aged delinquencies, liens, and bad debt pressure.
76 / 100

“Collections look generally serviceable, but aged balances should be worked down.”

Total Accounts Receivable
$41,276
Delinquency Rate
3.4%
Assessment Collection Rate
96.6%
Ar Aging Summary
Most balances are current, with a smaller over-90-day bucket to monitor.
Over 90 Days Delinquent
$22,800
Bad Debt Expense
$8,500
Lien Filing Count
3
Collection Legal Actions
Three liens and two payment plans are noted in the sample data.
Receivables Health Score
76 / 100
Insurance
Premium burden, deductible exposure, coverage adequacy, claims, and renewal risk.

“Premiums are material and coverage adequacy should be confirmed with current declarations.”

Insurance Expense
$248,000
Insurance Cost Burden
22.8%
Property Insurance Coverage Limit
$28,500,000
Coverage Adequacy Basis
No replacement cost appraisal was included in the sample document set.
Deductible Summary
Named storm deductible should be confirmed in current declarations.
Open Claims Count
1
Claims Summary
One open water intrusion claim is referenced in the sample notes.
Policy Renewal Risk
55 / 100
Coverage Gaps
Flood coverage not confirmed
Special Assessment Risk
Current assessments, deferred maintenance, infrastructure issues, and probability of future assessments.

“No active assessment is shown, but project costs and insurance terms could change risk.”

Active Special Assessments Count
0
Active Special Assessment Balance
$0
Pending Or Proposed Special Assessments
None formally proposed in the sample packet.
Reserve Pressure Summary
Reserve shortfall and upcoming projects could create future pressure if bids rise.
Deferred Maintenance Or Unfunded Projects
Building envelope maintenance is expected in the near term.
Structural Or Sirs Assessment Pressure
Formal SIRS report should be reviewed when available.
Operating Deficit Or Cash Shortfall
No current operating shortfall is shown in the sample data.
Reserve Borrowing Or Loan Dependency
None disclosed.
Insurance Or Claims Pressure
Large deductibles could require rapid owner funding after a major event.
Litigation Pressure Summary
No active litigation disclosed.
Special Assessment Risk Score
38 / 100
Structural & SIRS Risk
SIRS, milestone inspections, structural studies, deficiencies, and structural reserve pressure.
70 / 100

“No urgent structural issue is disclosed, but final SIRS documentation should be requested.”

Sirs Or Structural Study Status
Preliminary scope reviewed; formal SIRS report not included.
Milestone Inspection Status
Reported not applicable in the sample management memo; confirm locally.
Structural Deficiencies
No urgent structural deficiencies are disclosed in the sample memo.
Sirs Funding Concerns
Cannot confirm SIRS-specific funding adequacy without the formal report.
Deferred Structural Maintenance
Waterproofing and envelope maintenance are noted as near-term items.
Structural Sirs Health Score
70 / 100
Litigation & Claims
Active disputes, exposure, coverage adequacy, and litigation-driven assessment risk.
88 / 100

“No cases are disclosed, but buyers should confirm with current closing documents.”

Active Litigation Count
0
Active Litigation Summary
None disclosed in the sample packet.
Litigation Claims Health Score
88 / 100
HOA Fee Sustainability
Fee level, growth rate, operating coverage, reserve strength, and long-term increase risk.
72 / 100

“Current fees look serviceable, but buyers should expect continued pressure from insurance and capital work.”

Approximate Monthly Hoa Fee
$975
Hoa Fee Growth Or Increase
7.0% increase for the sample fiscal year.
Operating Expense Coverage Summary
Operating cash covers about 4.14 months of expenses.
Reserve Funding Summary
Reserves are reported at 86% funded with a projected shortfall.
Delinquency Pressure Summary
Delinquency is modest but over-90-day balances should be monitored.
Insurance Pressure Summary
Insurance is a meaningful expense and current declarations should be reviewed.
Capital Funding Pressure Summary
Near-term roof and waterproofing projects may create fee pressure.
Special Assessment Dependency
None active; future decisions may depend on bids and insurance renewal terms.
Fee Pressure Summary
Moderate upward pressure from insurance and capital projects.
Projected Fee Increase Risk Score
58 / 100
Long Term Fee Sustainability Score
72 / 100
Documents Review
Documents analyzed for this report, plus any missing documents that may limit confidence in the review.