The most successful association boards work with a clear understanding that it takes diligence and a proper strategy to build a financially healthy community. But managing other people’s money can nervewracking, especially when they live next door.
ICRG understands the level of consistency and work required to deal with these types of money problems because we were founded by former board members. That’s why we begin our work with our board clients by helping them find a unifying vision of where they want their community to be, and help them learn to work cohesively on how to get there.
To protect the visions of our community clients, ICRG provides research and resources to help board members make more informed financial decisions and implement community-appropriate strategies designed to meet the goals of their building or neighborhood. Adhering to strict conservative financial standards, while addressing the operational liquidity needs of their replacement schedules.
Together we will examine and address shortcomings in key benchmarks that may be leading your community towards higher assessments. Under the guidance of an experienced professional who understands the need for safety and the limitations of managing capital reserve accounts, you receive essential building blocks to keep your community on the path to a successful future.
Your ICRG representative will spend time working side by side with your board members, building an understanding of the distinct needs of your community and gaining perspective for how the neighborhood came to its current financial state. During the Financial Blueprinting process, we will support your board in establishing strong community goals, educating new board members of their fiduciary responsibilities, and by providing insight on basics financial operations such as how to read financial documents. Then at the conclusion of our work together, we will provide you with unbiased recommendations that help your board achieve success, because we are not here to sell you a product, we are here to provide you with the solution.