Having difficulty staving off the rising tide of delinquencies?  And are the circumstances that have put your association in this position outside of your control?  You can’t control the economy or extinguish the existence of foreclosures and bankruptcies in your community, but you can control h Read More...

Financial OperationsIt is CAI's purpose to foster vibrant, responsive, competent community associations that promote harmony, a sense of community, and responsible leadership. Given that the fiscal health of the association has a direct impact on every member of the community, proper management of f Read More...

Hypothetical: Owner lives in a decades old association. Owner consistently pays assessments in a timely manner. Owner's association needs to make a major renovation to replace siding and repair wood structures, which will cost the association approximately two million dollars. The association does n Read More...

It is said that fraud takes motivation and opportunity.  If both are not present, fraud cannot occur.  It is hard to affect motivation, but managers and boards can control the opportunity.  In today’s economy with foreclosures, tight credit, and job layoffs, diligence in watching and guarding a Read More...

The economic crisis facing our country today is undoubtedly impacting everyone.  Given the size of the crisis, countless individuals and companies nationwide, including homeowner associations, are forced to make very difficult decisions.  But there is a silver lining to a crisis like this.  It fo Read More...

Budget season has arrived.  And with budget season comes the daunting task of planning, executing, communicating, and obtaining approval for your budget.  Here are some budget basics and practice pointers that all boards and managers should know: Do I have to plan and adopt a budget every year?  Read More...

We often get asked whether community associations can or do qualify as 501(c) organizations under the Internal Revenue Code.  Sometimes the question arises because the association derives too much income from sources other than assessments to file IRS Form 1120-H, and it is looking at way to decrea Read More...

Healthy finances are critical to the sound operation of a community association. There are many factors that play into the financial management of an association, including accounting controls to protect the association’s assets, well thought out and implemented budgets to ensure there is enough o Read More...

Profit centers in nonprofit corporations. The first thing that probably comes to mind is “But, we can’t make money, we’re a nonprofit.” True. Most Community Associations are nonprofit organizations. However, the ability to “make a profit” if you are a nonprofit organization exists no Read More...

As you may know, one of the primary roles of the Board of Directors is to preserve, protect and enhance the value of the homes or units in your community. Some condominium and homeowner associations have taken steps to make their communities more attractive to prospective purchasers by making VA and Read More...