Upload your condo's financial statements and get a comprehensive AI-powered analysis — reserve fund health, budget risks, red flags, and expert recommendations in minutes.
Whether you're about to make an offer or already living in your building, CondoFS surfaces what the numbers really mean.
Before you sign anything, understand the true financial health of the building. Identify hidden liabilities, underfunded reserves, and the likelihood of a special assessment hitting your wallet in year one.
Stay ahead of your board and management company. Get an independent, plain-English read on your building's financial trajectory, budget variances, and areas that deserve closer attention at the next AGM.
Quickly assess portfolio-level condo risk. Standardized scoring across multiple properties makes it easy to compare buildings, flag outliers, and build due diligence packages for clients.
No accounting background required — just upload your documents and let the analysis speak for itself.
Drop in your condo's financial statements, reserve fund study, and budget documents. We accept PDF, Excel, and scanned files.
Our model reads every line — income statements, balance sheets, reserve schedules, aging reports — cross-referencing industry benchmarks.
Receive a scored, plain-English report with key findings, risk flags, and prioritized recommendations you can act on.
Not clear on something? Chat directly with the AI to drill down into any finding, line item, or trend in your specific documents.
Built by CPAs with over 30 years of experience preparing and reviewing statutory financial reports for hundreds of community associations — every analysis reflects what seasoned practitioners actually look for.
Funding levels vs. required minimums, per-component status, and projected shortfalls based on the reserve study schedule.
Probability and estimated timing of unplanned special assessments based on funding gaps and capital component ages.
Year-over-year variance analysis, expense category benchmarking, and identification of runaway cost lines.
Aging receivables, delinquency rate vs. industry norms, and cash flow risk from uncollected maintenance fees.
Adequacy of master policy limits relative to building replacement cost and gap analysis for unit owner riders.
Flagging unusually high management fees, related-party contracts, or vendor concentration risk.
Disclosure review for pending lawsuits, settlements, or unresolved disputes that could impact building finances.
Check whether the building meets FHA, Fannie Mae, and conventional lender financial health criteria for unit financing.
A scored overview with actionable findings — not raw numbers, but clear guidance on what to do next.
At the current contribution rate, the parking structure reserve will be exhausted 4 years before the projected resurfacing. Special assessment risk: HIGH.
Utility and janitorial costs are the primary drivers. Recommend requesting contract copies at next board meeting.
Collection performance is strong. Below the 5% threshold that raises lender eligibility concerns.
One outstanding claim with estimated exposure of $85K. Covered under master liability policy.
Your files are encrypted in transit and never shared. We analyze and discard — we don't train on your data.
Annual financial statements, reserve fund study, approved budget, AGM minutes — the more context, the deeper the analysis.
Choose FilesNo subscriptions required for single reports. Pay only for what you need.
CondoFS was developed by Certified Public Accountants with over 30 years of hands-on experience preparing and reviewing condominium and homeowner association financial statements at every level — from compiled reports to full audits.
Over those decades, our team has worked with hundreds of associations across a wide range of statutory filing requirements. We've seen the patterns, the problem areas, and the warning signs that show up long before a crisis does — and we've built those insights directly into every analysis.