Condominiums, Homeowners Associations & Cooperatives

Grady CPA PC currently works with over 200 Common Interest Realty Associations, providing audits, reviews, compilations, tax return preparation, tax and financial planning, election tabulation and much more.

Our Services include:

  • Annual audits, reviews and compilations
  • Preparation of tax returns
  • Preparation of Form 1098 for cooperatives for shareholder tax deductions
  • Budget preparation assistance and review
  • Education/presentations for boards and property managers
  • Financial planning for capital improvement expenditures/reserves
  • Tax planning and compliance
  • Transition to unit owner control consulting
  • Evaluation of internal controls and accounting procedures
  • Assisting with management company transition

FAQs: HOA & Co-op Services

They handle audits, budget reviews, reserve fund analysis, bookkeeping, and detailed financial reporting. Everything is tailored for the specific needs of community associations so the numbers stay clear and the records stay in order.

Condominiums, HOAs, and co-ops follow accounting rules that aren’t quite the same as standard business bookkeeping. There are also state laws and regulations to follow. A CPA with experience in this area makes sure the records meet those rules and hold up under review.

Yes. The team prepares statements that follow GAAP standards and helps boards present them in a way that members and regulators can easily understand. It’s not just about producing the documents — it’s about making sure they tell the right financial story.

Absolutely. They walk boards through the numbers, explain what they mean, and help plan budgets. That way decisions are based on accurate information instead of guesswork.

They are. A small condo board won’t need the same scope as a large cooperative, and the approach is scaled to match. The goal is to meet the community’s needs without adding unnecessary complexity.

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