HeatherP5
Posts: 1
Posts: 1
Posted:
Is a developer subsidy given to help cover a shortfall an HOA has during the year accurately categorized as income to the HOA? The HOA is still under developer control.
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Developer Subsidy
Started by HeatherP5 • 2 replies • 156 views
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DeanJ (Ohio)
Posts: 1,789
Posts: 1,789
Posted:
Developers tend to advance funds that are repaid by the homeowners.
JohnC46 (South Carolina)
Posts: 14,230
Posts: 14,230
Posted:
Heather
As the association is under Declarant control, how they handle their taxes is their business not yours. When they want to turn control over tp the owners, it becomes your business
As the association is under Declarant control, how they handle their taxes is their business not yours. When they want to turn control over tp the owners, it becomes your business
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