Reserve Fund Calculators

Arizona Condo & HOA

Arizona HOA Reserve Fund Calculator — ARS § 33-1806(A) / § 33-1256 (No Statutory Minimum; Adequate Reserves Required; CAI 70% Benchmark)

Analyze the adequacy of an Arizona HOA or condominium association reserve fund under ARS § 33-1806(A) (Planned Communities Act) or ARS § 33-1256 (Condominium Act). Arizona requires the annual budget to include adequate reserves for capital expenditures and deferred maintenance — but imposes NO statutory minimum funding percentage. Returns the funding ratio, reserve deficit, recommended annual contribution (straight-line), per-unit contribution, annual shortfall, CAI adequacy tier (adequate ≥70% / marginal 30–69% / critically underfunded <30%), and projected 5- and 10-year balances.

California HOA

California HOA Reserve Funding Percent-Funded Calculator

Compute a California HOA reserve fund's CURRENT percent funded (reserve balance / fully funded balance, classified against the CRA / CAI tiers — strong 70-100%, fair 30-70%, weak under 30%), the 30-year PROJECTED percent funded given inflation, investment return, and annual contribution assumptions, and the REQUIRED monthly contribution to reach a target percent funded over the 30-year horizon. Disclosure metric required by Cal. Civ. Code § 5570 (annual reserve disclosure); funding-plan-adequacy test for the § 5560 board funding plan; companion to the § 5550 reserve study every three years. Also computes the § 5605 emergency-special-assessment 5% board cap on the annual budget.

Florida HOA & Condo

Florida Condo Reserve Funding Adequacy Calculator (SIRS)

Are your association's reserves on track to fully fund SIRS components under Florida's post-Surfside reserve mandate? Computes the required per-unit contribution, current shortfall, years to fully funded, and special-assessment exposure under F.S. § 718.112(2)(g) — effective 12/31/2024.

Florida HOA & Condo

Florida Reserve Study Funding Plan Calculator

Build a Florida-statute-aligned funding plan from your reserve study. Enter up to eight components (useful life remaining, replacement cost, percent already funded) and the calculator returns the per-component annual contribution, the total required reserve contribution, the per-unit annual share, the aggregate funded-status percentage, the gap vs. the current contribution, and the 5-year and 10-year cumulative projections — straight-line method for HOAs, component-component method for condos under the post-SIRS regime.

Florida HOA & Condo

Florida SIRS Calculator (Structural Integrity Reserve Study)

A per-component reserve-adequacy walkthrough for Florida condominiums of three or more habitable stories. Enter your SIRS report's replacement cost, remaining useful life, and current balance for each statutory component — roof, structure, fireproofing, plumbing, electrical, waterproofing, windows and exterior doors — and the calculator returns the per-component and aggregate full-funding requirement, the SIRS compliance verdict, and the named largest, shortest-life, and most-underfunded components.

Georgia HOA

Georgia HOA Reserve Fund Calculator

Compute the straight-line recommended annual reserve contribution, funding ratio, and 5- and 10-year projected balances for a Georgia condominium or HOA reserve fund under OCGA § 44-3-107 (Condominium Act) and OCGA § 44-3-232 (Property Owners' Association Act). Returns the waiver vote threshold for reserve funding waivers under OCGA § 44-3-107(d): 90-day written notice plus a 2/3 majority vote of all unit owners.

Hawaii Condo

Hawaii Condo Reserve Funding Calculator

Compute the Hawaii condominium percent-funded reserve metric under HRS 514B-148 (annual budget, reserve study every 3 years for projects 5+ years old, cash-flow plan, percent-funded disclosure). Returns the current percent funded, the funding-band classification (strong, fair, weak), the 30-year projected percent funded under stated inflation and investment-return assumptions, and the required monthly contribution to reach a target percent-funded threshold over the planning horizon.

Illinois HOA

Illinois Condominium Reserve Adequacy Calculator

Evaluate Illinois condominium reserve fund adequacy under 765 ILCS 605/9(c) and 605/9(d). Computes the funding ratio (current balance ÷ fully-funded target), reserve deficit, recommended annual contribution to reach full funding over the remaining useful life, whether disclosure of the deficit is required in the annual budget, and the projected depletion date at the current contribution rate. Reserve study requirement for associations with 7+ units under 765 ILCS 605/9(d).

Indiana Condo & HOA

Indiana HOA Reserve Fund Calculator — IC 32-25.5-4-6 (Indiana Condominium Act) & IC 32-21-13 (Planned Community Act)

Compute the recommended annual reserve contribution for an Indiana HOA or condominium using straight-line funding. Applies the Indiana Condominium Act (IC 32-25.5-4-6 — board must maintain adequate reserves; amount at board discretion; no statutory minimum or mandatory reserve-study requirement) and the Planned Community Act (IC 32-21-13). Returns recommended annual contribution, per-unit amount, funding ratio, reserve deficit, and 5- and 10-year projections.

Massachusetts Condo

Massachusetts Condo Reserve Adequacy Calculator (M.G.L. c.183A § 10(b))

Assess the adequacy of a Massachusetts condominium reserve fund under M.G.L. c.183A § 10(b) using the CAI fully-funded methodology. Computes the funding ratio, reserve deficit, recommended annual contribution (straight-line catch-up), per-unit contribution amounts, annual shortfall, projected 5- and 10-year balances, and estimated depletion date. Returns a funding-status verdict (critically underfunded through overfunded) and a trustees' summary suitable for the annual budget meeting.

Minnesota HOA & Condo

Minnesota HOA Reserve Fund Calculator — Minn. Stat. § 515B.3-103(a)(5)

Compute the Minnesota MCIOA reserve fund funding ratio, deficit, and recommended annual contribution under Minn. Stat. § 515B.3-103(a)(5). Minnesota requires the board to maintain a reserve fund and disclose reserve status at each annual meeting — but sets NO mandatory minimum funding percentage (contrast Florida's post-SB 4-D mandatory reserve funding for condominiums). Returns the funding ratio, deficit, straight-line recommended contribution, and projected 5/10-year balances.

Nevada HOA

Nevada HOA Reserve-Study Funding Calculator

Project Nevada community-association reserve funding under NRS 116.31152 (reserve study required every five years, annual disclosure of percent-funded on Nevada Real Estate Division Form 350) and NRS 116.3115(2)(b) (reserve adequacy as board fiduciary duty). Computes current percent-funded under the Community Associations Institute and Association of Professional Reserve Analysts (CAI / APRA / CRA) framework with banding (poorly funded, fairly funded, well funded, fully funded), the projected balance and percent-funded at year 30 given a planned contribution stream and inflation-and-investment-return assumptions, and the year-1 contribution required to hit a target percent-funded by year 30. Tool, not advice — commission a CAI / APRA / CRA-credentialed reserve analyst for the binding funding plan and the NRS 116.31152 disclosure.

New Jersey HOA & Condo

New Jersey Condo Reserve Fund Calculator — N.J.S.A. 46:8B-14(e)

Compute New Jersey condominium reserve fund adequacy, funding deficit, and recommended annual contribution under N.J.S.A. 46:8B-14(e) (board must maintain capital reserve fund) and N.J.S.A. 46:8B-12.1 (reserve study disclosure). NJ has no statutory minimum funding percentage — the CAI 70% adequacy threshold is applied as the industry standard. Returns the fully funded balance, funding ratio, deficit, recommended straight-line annual contribution per unit, and projected 5- and 10-year balances.

New York Condo & HOA

New York Condominium Reserve Funding Calculator — Percent-Funded Banding and 30-Year Projection

Compute the percent-funded banding (STRONG / FAIR / WEAK / SEVERELY UNDERFUNDED under CAI / APRA standards), 30-year projection, and target-funded backsolve for a New York condominium reserve fund. New York imposes NO statutory reserve-funding mandate (unlike Florida post-Surfside Sec. 718.112, California Cal. Civ. Code Sec. 5550, or Utah Code Sec. 57-8a-211) — reserve adequacy is governed by the by-laws and voluntary industry standards. Returns the current percent funded and band, the projected year-30 percent funded and band under the supplied contribution / inflation / investment-return parameters, the annual contribution required to reach the target at year 30, and the contribution gap.

North Carolina HOA & Condo

North Carolina Reserve Fund Calculator — Adequacy & Recommended Contribution under N.C.G.S. Sec. 47C-3-114 & Sec. 47F-3-114

Compute the reserve fund funding ratio, deficit, and recommended annual contribution for a North Carolina condominium or planned community under N.C.G.S. Sec. 47C-3-114 (Condominium Act) and N.C.G.S. Sec. 47F-3-114 (Planned Community Act). North Carolina requires reserve fund maintenance and adequacy disclosure at the annual meeting but does NOT require full funding — unlike Florida's post-2022 SIRS rules. Flags funding ratios below 70% (CAI industry standard) and projects the balance over 5 and 10 years at the current contribution rate.

Ohio HOA & Condo

Ohio Condominium Reserve Fund Calculator — Funding Ratio, Deficit & 2/3 Waiver Vote under ORC § 5311.081

Compute the Ohio condominium reserve fund funding ratio, deficit, recommended annual contribution, and projected 5/10-year balances under ORC § 5311.081 (Ohio Condominium Property Act). Ohio does NOT prescribe a minimum funding percentage — the board sets the amount. Reserve contributions may be waived only by a 2/3 vote of ALL unit owners (not just a voting majority). The calculator flags funding ratios below the 70% CAI industry standard and computes the exact 2/3 waiver vote threshold. Contrasts with Florida's post-SIRS mandatory funding rules and North Carolina's adequacy-disclosure model.

Utah Condo & HOA

Utah HOA Reserve Funding & Disclosure Calculator — § 57-8-7.5 Six-Year Cycle

Compute the percent-funded reserve tier and 30-year projection for a Utah community-interest project under Utah Code § 57-8-7.5 (condominium reserve-analysis requirement; six-year cycle; annual review) and § 57-8a-211 (HOA reserve-funding-plan disclosure under the Community Association Act). Returns the current percent funded, CAI / APRA / CRA tier (strong / fair / weak), the 30-year projected percent funded, the annual contribution required to reach a target percent funded by year 30, and a statutory-compliance flag for the six-year analysis cycle.

Virginia HOA

Virginia HOA Reserve Fund Calculator

Compute the straight-line recommended annual reserve contribution, reserve funding ratio, reserve deficit, and projected 5/10-year balances for a Virginia HOA or condominium association. POAA reserve requirements under Code of Virginia § 55.1-1825 (board must budget reserves based on a reserve study; owners may vote to waive with 2/3 majority under § 55.1-1825(C)). Condo reserves under § 55.1-1945 (separate reserve account required).

Washington Condo & HOA

Washington HOA Reserve Fund Calculator — RCW 64.90.530 (WUCIOA Reserve Study, 50+ Units) & RCW 64.34.376 (Condo Act)

Compute the recommended annual reserve contribution for a Washington HOA or condominium using straight-line funding. Applies WUCIOA (RCW 64.90.530 — reserve study required every 3 years for associations with 50 or more units; reserve status disclosed in annual budget) or the Washington Condominium Act (RCW 64.34.376 — board must maintain adequate reserves). Returns the recommended annual contribution, per-unit amount, funding ratio, reserve deficit, and 5- and 10-year projections at the actual contribution rate.