New York boards face complex financial requirements and high expectations for accurate reporting. Bellum delivers the financial management and reporting that holds up to scrutiny, for condominium and homeowners associations across the state.
New York's community association landscape is diverse — condominiums, cooperatives, and homeowners associations operate under different structures, and boards often inherit financial records that are incomplete, inconsistent, or difficult to review.
Bellum's role is focused and practical: accurate monthly financials, a defensible assessment ledger, reserve tracking, and reporting a board can hand to an auditor, an attorney, or a skeptical owner without a round of cleanup first.
Orientation only — New York's structures vary considerably, and your counsel is the authority for your association.
Article 9-B of the Real Property Law governs the formation, powers, and operation of condominium associations in New York. It provides the statutory framework for New York condominiums, while the association's declaration, bylaws, and other governing documents establish many of the rules that shape day-to-day operations.
Article 9-B divides the property into individually owned units and jointly held common elements, with each owner taking an undivided interest in the latter. That distinction is central to how common charges are allocated, making accurate assessment records and consistent reporting especially important.
New York HOAs generally sit outside the condominium framework and are governed largely by their own declarations and corporate structure. Bellum works from the governing documents your association actually operates under.
Bellum supports associations across New York remotely, with clients and communities in markets including those below.
Our core work is condominium and homeowners association financial management. Cooperatives carry a different ownership and tax structure — worth a direct conversation before we take one on, so we can be honest about fit.
Yes. We prepare financials in a format designed for review, with supporting detail organized alongside the statements rather than reconstructed after the fact.
We work from the allocation percentages established in your governing documents and structure reporting so the board can clearly see how assessments are distributed across the property.
Tell us how your building is structured and we will tell you exactly what we would take on.