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Condominium & HOA Accounting in Jacksonville

Financial statements and tax returns for Jacksonville associations, from riverfront condominiums on the St. Johns to townhome and suburban communities.

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Associations we work with in Jacksonville

  • Riverfront condominiums
  • Condominiums in historic neighborhoods
  • Townhome associations
  • Suburban single-family HOAs
  • Master-planned communities
  • Master and sub-associations

Community associations in Jacksonville

The St. Johns River runs through the heart of Jacksonville, and much of the city's condominium housing sits along its banks near downtown. The older neighborhoods close to the river mix historic homes with condominium buildings, some of them converted from earlier uses.

Away from the river, newer townhome and single-family communities extend toward the city's suburban edges. Jacksonville Beach and the other beach towns are separate cities with their own character; this page is about Jacksonville itself.

Financial questions Jacksonville boards are working through

Riverfront buildings and structural reserves

Older condominium buildings three stories or higher along the river must complete structural integrity reserve studies and milestone inspections. Reserves for the items those studies cover generally cannot be waived, and the funding the board arranges must be shown in the financial statements. The Florida reporting requirements page explains what applies.

Newer communities after turnover

In suburban communities built more recently, boards may only recently have taken control from the developer. Clear statements at that point help the board understand the reserves and obligations it has taken on, and set a baseline for the years ahead.

Why work with a CPA

A bookkeeper or management company keeps the records. A CPA reports on them. For a community association, that difference matters in six ways.

  • Meets the statutory requirement

    Florida requires an annual financial report from every condominium and homeowners association. Reviews and audits must be performed by an independent, Florida-licensed CPA.

  • An independent view for owners

    An outside CPA has no stake in the board's decisions. A review or audit gives owners and prospective buyers a level of assurance the association cannot give itself.

  • Clear reserve reporting

    Reserve balances, funding, and required disclosures are presented consistently, so boards can see where major repair and replacement funding stands.

  • A properly prepared tax return

    Associations normally file Form 1120-H, the federal return designed for homeowners and condominium associations. A CPA-prepared return stays consistent with the association's financial statements.

  • Observations the board can act on

    In an audit, the CPA communicates significant deficiencies in internal control it identifies. Boards often use these to tighten approvals, collections, and bank reconciliations.

  • Continuity through board turnover

    Directors and managers change. A CPA who knows the association's history helps new treasurers understand the statements and what changed from year to year.

A CPA engagement does not replace an engineer's reserve study or structural inspection, legal advice from association counsel, or management's day-to-day responsibilities.

Services for Jacksonville associations

We work with condominium and homeowners associations in Jacksonville the same way we do across Florida. Once engaged, the association exchanges records with us through our secure Feldman One client portal.

Related reading

Request a proposal for your Jacksonville association

Tell us about your association, its fiscal year-end, and the report you need. We will review your information and follow up to discuss scope and next steps.

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