Issue: HOA Financial Hygiene

Problem: BOD was facing an HOA with hundreds of thousands of dollars in inflated project fees and deferred property maintenance issues - costing individual homeowners thousands of dollars in special assessments and double-digit YOY dues increases.

Solution: McMills Duffy Consulting Group scrutinized HOA balance sheets, vetting vendors and verifying legitimacy of capital expenditures (projects). In a period of 30 days, the action plan that McMills Duffy provided the Board called to reduce annual operating expenses by 49%, and identified cost avoidance of over $1M+. Major capital expenditure financial modeling was done to allocate capital to avoid future homeowner special assessment(s).