FOUNDED IN 1994, CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS
SPECIALIZING IN COMMUNITY ASSOCIATIONS
The firm has more than 3,000 Association clients (containing 225,000 + units), making us the largest and nation’s leading CPA firm that serves this industry. The founder and owner, Michael P. Mullen, CPA, is nationally recognized with nearly half a century of experience and is licensed and registered in 15 states.
Our highly knowledgeable staff is proficient in all the accounting principles applicable to Community Associations. We possess the necessary qualifications and expertise to provide you with a myriad of professional services required in this industry.
In 1960 there were just 500 community associations in the United States. Data from the Community Associations Institute states that there are now more than 355,000 communities that house over 74.1 million Americans. This represents an estimated real estate value of over $9.2 trillion, approximately 27% of the value of all U.S residential real estate. Estimated annual operating revenue for U.S. community associations is more than $77.4 billion.
With a growing industry of this size, Community Associations look for a specialist who understands the unique and complex financial, accounting and tax issues facing them today. Our CPA firm provides services exclusively to Condominium, Cooperative, Townhome and Homeowner Associations and nonprofit organizations. We have the qualifications and expertise that are essential in providing you with the following professional services:
- Audits, reviews and compilations of financial statements
- Income tax return preparation
- Monthly accounting and bookkeeping services
- Authoritative guidance with all applicable State Statutes for Condos, HOA’s, Timeshares and Cooperatives (ie: Florida 718 thru 721, Minnesota 515B) – including recent major amendments
- Consultation for accounting, income tax, reserve fund plans, rental programs and special assessment implementation
- Budget planning and preparation
- Internal control evaluation to recommend and implement procedures which further safeguard association assets and maximize operational efficiency
- Professional representation at membership and board meetings
- Educational seminars for board members, owners and managers
Your home is an investment, and the strength of your Association’s financial condition affects its marketability. As the industry’s leader, our firm stands prepared to serve your Association’s needs and assist board members and managers as they carry out their fiduciary responsibilities.
Peer Reviews
The peer review program of the AICPA is important in ensuring that member CPA firms provide quality service to clients. As members of the AICPA, we have other firms examine our quality control system every three years. We believe that the peer review program is essential in maintaining quality services to our clients.
Successful Peer Reviews in 1996, 1999, 2002, 2005, 2008, 2011, 2014 , 2017, 2020, 2023