WRAPPING UP 2012

By Darlys Walker

Published December 28, 2012

As 2012 comes to an end, it is time for all businesses to wrap up their financial reporting for the fiscal year and prepare for 2013.  Most Homeowners fail to recognize that their Association is a not for profit corporation (a business).  Georgia has a few year-end reporting requirements for Associations year-end reporting, but it is important that Boards be mindful that these requirements are dictated by the Association bylaws, as well as requirements for not for profit corporations.

Whether an Association is self-managed or employs a Managing Agent, it is important to know the requirements and address them in a proactive manner. It is imperative that either the Board or Managing Agent know these requirements and meet the stated deadlines.  Among the items that should be addressed are the following;

    1099's delivered to all companies or persons who are not incorporated and who received payment from the Associations.

  • Tax returns for the Associations

  • Annual accounting audit

  • Registry with Secretary of State

  • Complete compilation of meeting minute books

  • Establish new vendor files

  • Organize and file 2012 records

  • Hold and document Annual Meeting/Election Meeting/Budget Adoption

  • Deliver coupon books for 2013 assessments

It is important that the Board and Managing Agent carefully review the community association bylaws for community specific requirements.


 
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Darlys Walker

Darlys Walker, Founder and CEO of Condominium Concepts Management, Inc. (CCM), is recognized for her straight talk, subject matter expertise, and valued insights regarding real

state management, leasing, and HOAs. Her company serves a diverse portfolio of properties, from 16-units up to 600 as well as large mixed-use developments.  

 

   From its beginnings in 2000, CCM has become a well-respected asset manager and now works with over 100 associations with 16,000 units served by over 300 employees. Darlys and her team deliver resources and responsiveness through six regional offices - in Orlando, Miami, Jacksonville, Charleston, Nashville and Atlanta.

  

   Darlys Walker is best known for her passion and precision, understanding that the only difference that matters in today's demanding marketplace is service delivery ... doing what is promised and what is right. She knows that every community serves two masters ... the property owner/developer and the resident/homeowner. "If we are not equally responsive to both, we are not doing our job," she states.  

 

   Her clients say it best: "Darlys really knows her stuff" ... "at the top of her profession and it shows in the caliber of her clients" ... "delivers quality resources that match up well with needs and expectations that are really rigorous."  

 

   She is a licensed Real Estate Broker in four states, holds an Associate's Degree in Marketing and has earned the Accredited Real Estate Manager designation from the Georgia Institute of Real Estate Management. Also she is one of few certified as a Lead-Based Paint Abatement & Removal Trainer in Georgia.

  

   Darlys Walker and her team have been selected to manage the condominium conversion process and day-to-day operations for many of the Southeast's most high-profile condominium communities including luxury high-rises, mid-rises and garden-style homes. Most recently she has been recognized as an expert in 're-versions' of communities from condominiums to leased homes, as well as repositioning projects. A visionary and a tireless perfectionist, Darlys demonstrates hands-on leadership, working individually with each client and staff associate to achieve defined business outcomes and satisfaction.  

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For more information about Darlys Walker and Condominium Concepts Management, Inc. please visit www.condominiumconcepts.com.