Corporate Headquarters
735 N. Water Street, Suite 175
Milwaukee, WI 53202
800-221-9882
Helping you understand community association business with industry leading insight.
It is estimated that more than 22 percent of the U.S. population resides in community associations. According to Community Associations Institute’s latest statistical review, these residents are represented by roughly 346,000 community associations.
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What is an association board’s role in serving their community association? Can a board accurately navigate changing needs related to replacement schedules and funding needs?
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All too often Associations disregard the need to have their reserve studies updated. Or, worse yet, never have a reserve study completed at all.
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It is budget time for many associations and boards are updating their reserve studies. Many others have never had a professional reserve study and are now considering investing in their first one.
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As the community association industry continues to realize explosive growth – 70 million Americans now live in a planned community vs. 10 million nearly 40 years ago.
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Every community association has three functions – to serve as a business, a government and a community. Community associations are generally nonprofit corporations, functioning in many ways as businesses with revenues (association dues, clubhouse rentals, revenues from golf course or restaurant, etc.) and expenses.
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Corporate Headquarters
735 N. Water Street, Suite 175
Milwaukee, WI 53202
800-221-9882
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