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HOAs, CONDO ASSOCIATIONS & NONPROFITS

Audits and financial reporting your board can actually use.

Whether it's an annual audit required by your governing documents or a nonprofit audit tied to restricted funding, we build financials that hold up to scrutiny and make sense to your board.

What We Handle

Audits and reporting built for associations and nonprofits

HOAs, condo associations, and small nonprofits each answer to a governing body — a board, a committee, a set of members. We build the financial work to hold up to that scrutiny.

HOA & Condo Association Audits

We perform annual financial statement audits and reviews for homeowners and condo associations — often required by state law, a lender, or your governing documents.

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Reserve Fund Reporting

We report on reserve fund balances and help align your financials with your replacement-reserve study, so funding levels are transparent to your board and owners.

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Assessment Reconciliation & Delinquency Tracking

We reconcile member and owner assessments and track delinquencies, so your board has a clear, current picture of what's collected and what's outstanding.

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Nonprofit Financial Statement Audits

We perform nonprofit audits with proper functional expense allocation and correct treatment of restricted versus unrestricted net assets.

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Board-Ready Financial Reporting

Financial reports built for board meetings and audit-committee review — clear enough to present without a translator.

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Audit Timeline & Documentation Management

We manage the annual audit timeline and documentation requests, so your board isn't scrambling to gather records each year.

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Why Boards Choose ASO

Not just an auditor — a partner your board can rely on

Associations and nonprofits answer to boards, members, and sometimes regulators. Here's how we approach that.

Governance-Aware Reporting

We know boards and audit committees need clarity, not just compliance — reports built for the people who have to explain them.

Reserve & Assessment Fluency

From reserve fund reporting to delinquency tracking, we understand the mechanics unique to community associations.

Restricted Fund Accuracy

For nonprofits, we handle functional expense allocation and restricted vs. unrestricted net assets correctly, the first time.

A Steady Hand Through Audit Season

We manage the annual audit or review process so your board isn't scrambling to find documentation each year.

FAQ

Common questions from boards and nonprofits

Many states, lenders, and governing documents require homeowners and condo associations to have an annual financial statement audit or review. We can help you determine what your association is required to do and perform it.
Yes. We report on reserve fund balances and help align your financials with your replacement-reserve study so funding levels are clear to your board.
Yes. We perform nonprofit financial statement audits, including proper functional expense allocation and restricted vs. unrestricted net asset reporting.
Ready to Talk?

Let's talk about your next audit.

Book a free 30-minute discovery call to walk through your association's or nonprofit's audit requirements and where your books stand today.

Get Started → hello@asofinancial.com