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Condominium & HOA Accounting in Pembroke Pines

Financial statements and tax returns for the homeowners, condominium, and master associations that run Pembroke Pines' planned neighborhoods.

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Associations we work with in Pembroke Pines

  • Single-family homeowners associations
  • Master-planned communities
  • Master and sub-associations
  • Garden-style condominiums
  • Townhome and villa associations
  • Age-restricted (55+) communities

Community associations in Pembroke Pines

Pembroke Pines is an inland, largely suburban city in southwestern Broward County. Much of it was developed as planned communities, so homeowners associations are part of daily life for many residents. Single-family neighborhoods sit alongside townhomes, villas, and garden-style condominiums.

The older parts of the city lie to the east, with newer development spreading west toward the Everglades. That range means boards here deal with everything from long-established condominiums to communities that were turned over by a developer more recently.

Financial questions Pembroke Pines boards are working through

Large communities and the audit requirement

Some planned communities here are large. A homeowners association with 1,000 or more parcels must obtain audited financial statements, whatever its revenue. Smaller associations follow the revenue tiers described on our Florida reporting requirements page.

Master associations and the neighborhoods beneath them

A master association may own the lakes, entry features, and recreation areas, while each neighborhood association handles its own landscaping and reserves. Costs often flow between them. Keeping each set of books clean, and showing the shared costs consistently, helps every board answer owners' questions about what they pay and why.

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 Pembroke Pines associations

We work with condominium and homeowners associations in Pembroke Pines 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 Pembroke Pines 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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