Condo Management Association in Chicago, IL
Helping new and existing condo associations get organized, compliant, and confident.
It’s Never Too Late to Get Your Association Running Efficiently
Starting or restructuring a condo association can feel complicated—but with the right guidance, your board can operate smoothly and confidently.
At Haus Financial Services, we specialize in helping small associations (under 20 units) establish solid financial and operational systems through our New Association Success Package. Offered in conjunction with our Basic Service Package, this one-time setup ensures your condo board has everything it needs to run effectively and responsibly.
What’s Included in the New Association Success Package
Every association’s needs are different, which is why this package is customized to your specific situation. Services typically include:
- Financial Reconciliation – Review and reconcile association financial documents for both current and prior years.
- Delinquency Resolution – Identify outstanding balances and create a clear action plan to address them.
- Budget & Reserve Review – Evaluate your current budget and reserve strategy; propose updates that ensure long-term stability.
- Insurance Policy Review – Confirm adequate coverage, fair premiums, and proper deductibles for your property.
- Incorporation Status Review – Verify your corporate standing, prepare incorporation documents if needed, and review annual requirements.
- Board Education & Governance Training – Learn best practices for board elections, meeting procedures, and fiduciary responsibilities.
Each of these services is designed to help your association transition smoothly into a well-organized, financially sound community.
Note: The New Association Success Package is available exclusively to associations enrolled in our Basic Service Package.
Why Associations Choose HausFS
- Local Expertise: We specialize in condo management association support in Chicago, IL, so you can trust that your processes align with Illinois legal and financial requirements.
- Small Association Focus: Designed specifically for boards managing 20 units or fewer.
- Tailored Approach: No two associations are alike. We adapt our process to fit your community’s size, history, and goals.
- Long-Term Partnership: The New Association Success Package helps establish a strong foundation while our Basic Service Package provides the ongoing financial and administrative support your association needs. Together, these services help create greater financial stability, smoother operations, and less stress for board members and owners.
Frequently Asked Questions
Can existing associations use this package, or is it only for new boards?
Both! This package works equally well for new associations facing turnover and established boards that need a financial and organizational realignment. Consider it rehabilitation for existing associations who are struggling with managing. We’ll design an Action Plan to help you right the ship.
How long does the setup process take?
Most associations complete the Success Package within 30–60 days, depending on complexity, the availability of records, and the issues your association is currently experiencing.
Is the Basic Service Package required?
Yes. The Success Package is only offered in conjunction with our Basic Service Package. This ensures that routine financial processing is in place to ensure financial stability while we are helping the board to establish policies and procedures for ongoing success.
What happens after completion?
HausFS continues to work with your association for many years to come! We are happy to have long-lasting relationships with many clients who have partnered with HausFS for 5, 10, and 15 years or more.
Start Strong with HausFS
Set your condo association up for lasting success with a partner who understands your size, structure, and challenges.
Let Haus Financial Services guide your condo management association in Chicago IL, toward financial stability and stress-free operations.