which has offices in Massachusetts.. The balance sheet tells the cash position between operating expenses and reserves, and breaks down accounts payable and receivable; the profit and loss statement shows
You could receive an HOA statement with aspecial assessmenton it. This can happen if the HOA incurslarge costs-- for example, a damaged clubhouse or a series of condo roofs that need repairs -- and it doesn't have enough funds in the reserve to cover the expense. You'll be sent a ...