Special assessments, underfunded reserves, and hidden liabilities catch community association buyers and owners off guard every day. AssociationIQ analyzes your association's financials and gives you a single score — before you get the bill.
The Association IQ Score rates any community association from 0 to 100 — flagging underfunded reserves, special assessment risk, insurance gaps, and lender eligibility issues before they become your problem.
Don’t close on someone else’s financial mess. A $20,000 special assessment can hit 6 months after purchase — and it’s completely legal. Know the score before you sign.
One undisclosed lien or failed FHA requirement can kill a deal at closing. Flag financing risks and association red flags before your client is under contract.
When reserves are underfunded, the board gets blamed. Show owners a clear, independent financial health score — and prove you’re on top of it.
Hiring a CPA to review association financials costs thousands and takes weeks. Most buyers skip it entirely — and pay for it later.
“Think of the Association IQ Score like a credit score for your community's finances — one number that tells you whether the association is in good shape or headed for trouble.”
12 categories of financial risk — the same checklist CPAs with 30+ years of Florida association experience use when reviewing statutory reports.
Funding levels vs. required minimums, per-component status, and projected shortfalls based on the reserve study schedule.
Probability and estimated timing of unplanned special assessments based on funding gaps and capital component ages.
Year-over-year variance analysis, expense category benchmarking against budget, and identification of runaway cost lines.
Aging receivables, delinquency rate, adequacy of the allowance for doubtful accounts, and cash flow risk.
Adequacy of master policy limits relative to building replacement cost and gap analysis for unit owner riders.
Flagging unusually high management fees, related-party contracts, or vendor concentration risk.
Account reconciliation accuracy, stale outstanding checks, and deposit balances exceeding FDIC coverage limits.
Structural Integrity Reserve Study compliance for Florida buildings 3+ stories — mandatory since 2024 with no waiver permitted.
Whether the association is positioned for Form 1120 vs. 1120-H filing and exposure from non-exempt function income.
Disclosure review for pending lawsuits, insurance claims, or unresolved disputes that could impact building finances.
Verification that deposits are held in separate, interest-bearing accounts with proper interest allocation per governing documents.
Check whether the association meets FHA, Fannie Mae, and conventional lender financial health criteria for unit financing.
In Florida, when you’re buying a condo, the seller gives you a disclosure package — the declaration, bylaws, rules, recent financials, reserve study, and a Q&A sheet. From the day you receive it, you have 7 business days to review everything and cancel the contract without losing your deposit. That window is set by Florida Statute § 718.503 and the Florida Realtors/Florida Bar Condominium Rider.
Association IQ is built to deliver a full analysis inside that window.
Balance sheet, income statement, delinquencies, and open payables analyzed against CPA benchmarks.
Structural Integrity Reserve Study and milestone inspection status per Fla. Stat. §718.112.
Preliminary Fannie Mae, FHA, and VA warrantability indication based on available documents.
Probability and estimated timing of unplanned special assessments from funding gaps and component ages.
Confirms designated reserve cash matches the reserve liability on the balance sheet and that SIRS cash is held separately.
Months of operating expenses covered by the operating fund — a liquidity stress indicator.
Key facts pulled from the declaration, bylaws, articles, rules, and Q&A sheet, with source citations.
Your package checked against the Rider A statutory list so you know what is provided, missing, or not applicable.
Complete financial analysis with IQ Score, lender eligibility, and special assessment risk — from uploaded documents to actionable report in under 5 minutes.
Based on the current reserve balance of $3.1M and annual contributions of $285K, the next major capital expenditure (roof replacement, est. $1.45M) is projected in approximately 6 years. At the current funding rate, the association will face a shortfall of approximately $680K — potentially $3,650 per unit as a one-time special assessment to all owners.
This suggests active or escalating litigation. Ask the association for a written summary of all pending legal matters before closing.
Florida law requires a SIRS for buildings 3+ stories. Without it, there is no way to confirm this reserve amount is adequate.
The association spent significantly more than it collected this year. Ask management how this was resolved.
This may mean the policy lapsed or was not renewed. Obtain insurance declarations immediately.
Every report includes complete financial analysis, Association IQ Score, lender eligibility check, and 30-day AI Q&A. No features held back.
Run reports when you need them. No monthly fees, no minimums.
10 reports included · $49 each after
For active buyer's agents, attorneys, and property managers who review multiple associations per month.
25 reports included · $35 each after
For brokerage firms, law firms, and property management companies with high report volume.
For large firms and enterprises that need unlimited access across their entire organization.
Contact UsAssociationIQ was developed by Certified Public Accountants with over 30 years of hands-on experience preparing and reviewing community association financial statements at every level — from compiled reports to full audits.
Over those decades, our team has worked with hundreds of associations across a wide range of statutory filing requirements. We've seen the patterns, the problem areas, and the warning signs that show up long before a crisis does — and we've built those insights directly into every analysis.