HOA - COMPARATIVE FINANCIALS by %

Huh?

Adrian,
So just for the record no 2 HOAs are every going to be the same. If anyone was able to give you information based on what you have provided us I would advise you to ignore it. I will ask a few questions that may help us.

1) What are your concerns?
2) What type of buildings SFH, Condo's or Apartments? You made it sound like just 1 building.
3) Id your HOA active meaning regular board meeting and Budget meetings?
4) Do you know how much money do you have in Reserves?
5) How much do you currently pay in dues?
6) What amenities does the HOA maintain?

Again you probably won't get any absolute answers here just sound advice if given enough information.

What are you trying to compare? Buyers are many reasons why your community numbers may differ from another. You have to consider the community's size, services and age, for starters. And if you get that information, so what? You don't live in that (or those) communities.

I doubt the banks would have this information because when it comes to major projects, the main thing they would care about is it the community has the means to pay back a loan used to fund the project.

Instead, look at your reserve fund. Do you have one? When was the last time a reserve study was done? Has the association been following the study's recommendations? If you have several projects on the horizon, you may need to set priorities on what will be addressed first. If you don't have enough money to cover the project, you may need to consider a loan, special assessments, or both. That will require a lot of careful thought and you haven't yet addressed the stuff about issuing requests for proposals and reviewing bids.

Adrian,

As others have said, it's difficult to compare Associations.

This is because common areas/elements are different.
Services provided may be different.
Costs from county to county may be different.

The best an association can do is have a reserve study done and fund it 100%.
This minimizes the unexpected expenses.

The next best thing is to solicit bids every time a contract comes up for renewal.
You might be getting the best price available. However, you don't really know unless you verify the deal with competitive bids.

We once had a board compare our HOA to another HOA to justify an assessment increase.
Problem was, they weren't comparing apples to apples, they were comparing apples to grapefruit.

I know it's not what you are looking for.
Hope it helps.

Tim