Blog

If you’ve ever looked around your neighborhood and thought, “Everything here just works,”—you’re not wrong.
But it’s not automatic. Behind every well-run community is a group of volunteers making it happen.

This National Volunteer Month, we celebrate the dedicated board members and committee volunteers who help our communities thrive. Your time, leadership, and commitment, both seen and behind the scenes, make a lasting impact. Thank you for all that you do to keep your communities strong, organized, and welcoming.

In Part 3 of our series, we examine Form 1120 in more detail. Some associations either choose — or benefit from — filing Form 1120 instead of Form 1120-H.

In Part 2 of our series, we take a closer look at Form 1120-H. Most condominium and homeowners associations elect to file Form 1120-H each year. Why? Because it is simpler and provides a relatively low-risk filing structure.

Income taxes can be a confusing topic for association boards. In this three-part blog series, we’ll provide an overview of association taxation and take a closer look at each federal filing option. In Virginia, the vast majority of associations are formed as nonstock corporations. As nonstock corporations, they are required to file annual federal income tax returns. Fortunately, through the choice of filing method and applicable IRS regulations, associations can significantly limit their income tax burden.

The new year tends to arrive with a sense of optimism—fresh calendars, approved budgets, and the hope that things might feel a little calmer once January hits. Of course, by the time we’re getting around to writing this, January is already nearly behind us—which says a lot about how quickly the year ramps up in the community association industry. The start of the year isn’t so much a reset as it is a gear shift.

While communities are settling into their annual plans, industry professionals are already deep in the work that keeps everything running—reviewing numbers, juggling staffing realities, and quietly stress-testing contracts to see where pressure might surface next.

Ever wonder what’s really happening behind a neighbor’s closed door? One community recently uncovered a disturbing situation involving a deployed service member, a drilled-out lock, and someone secretly living in her home. Thanks to an observant Board Member, the truth came to light before things got even worse.