HOA Management Blog

At The Hignell Companies we have been providing professional management services for California Homeowner Association Boards for nearly 30 years. We love sharing our knowledge and perspective. Give us a call at 530-419-6032 if you have any questions.

Do Your HOA Board Members Know What's Required for Annual Disclosures?

January 16, 2018 at 9:00 AM / by HOA Manager

posted in Annual Disclosures

You serve on your homeowners’ association’s board of directors. You work hard, preparing for and attending meetings and listening to the homeowners that elected you.  And you do all this on your own time.

Despite your best efforts, your HOA Board may be putting itself in legal jeopardy. Specifically, do you and your board know and understand what is required for annual disclosures?

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Should Your HOA Board File an Annual Report with the State?

September 5, 2017 at 4:57 PM / by HOA Manager

posted in HOA Management, Annual Disclosures

Most HOA boards know that there are annual disclosures that have to be completed and sent out to the membership each year. But did you know that nearly all states also require that a homeowners association organized as non-profit corporations has the responsibility to file an annual report with the Secretary of State? Failure to do so could result in the Association losing its “Good Standing” status.

Many Boards overlook this step when completing their annual disclosures, either because there is a change in management or board governance or the HOA board is just ignorant – but ignorance is not an excuse!

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