Business Details
40 Years
experience
Trusted Accountants for California Community Associations
Founded in 1986, we have dedicated our practice exclusively to serving community associations across California. Our team brings decades of specialized expertise in homeowners association accounting, having supported over 5,000 associations throughout our history. We provide comprehensive financial services including audits, tax compliance, budget planning, and reserve funding analysis tailored to the unique needs of associations ranging from small condominiums to large master-planned communities.Our commitment to innovation is demonstrated through our 100% paperless office operations and industry-leading publications like the Condominium Greenbook. With deep roots in California's community association landscape, we combine technical mastery with practical solutions to help associations maintain financial health and regulatory compliance.
Services
Financial Statements
Taxation Services
Budget Planning
Reserve Funding Analysis
Audit Services
Tax Compliance
Expert Witness Services
Litigation Support
Consulting
Agreed-Upon Procedures
Details
- Year established: 1986
Highlights and features
- We have 35+ years of specialized experience in community association accounting
- Our team serves over 3,300 active community association clients statewide
- We pioneered the first paperless accounting system for HOA financial management
- Our partners have authored definitive industry publications including the Condominium Greenbook
- We offer comprehensive services covering all aspects of community association financial needs
Associations and certifications
- AICPA
- CalCPA
Services
Financial Statements
We prepare comprehensive financial statements for community associations including audits, reviews, and compilations. Our services ensure compliance with California's specific requirements for homeowner associations. We help associations maintain accurate financial records and meet annual reporting obligations.
Tax Compliance
Our tax services include preparation of federal and state tax returns, exemption applications, and resolution of tax notices. We specialize in California's unique HOA tax requirements and provide expert guidance on tax planning and compliance matters.
Budget Planning
We assist with creating annual pro forma operating budgets and replacement reserve funding plans. Our budgeting services ensure compliance with California Civil Code disclosure requirements and help associations maintain financial stability through proper planning.
Reserve Funding Analysis
We conduct detailed reserve funding analyses to help associations plan for long-term maintenance needs. Our services include 30-year cash flow projections and compliance with California's disclosure requirements for reserve components and expenditures.
Expert Witness Services
Our partners provide expert witness testimony and litigation support for community association disputes. With decades of experience, we offer specialized accounting expertise in cases involving developer conflicts, member disputes, and financial disagreements.
People
Joy Lee
Partner
Joy Lee is a partner at Levy, Erlanger & Company with over a decade of experience in community association accounting. A member of AICPA and CalCPA since 2012, she specializes in HOA financial management and enjoys working closely with association boards to ensure their financial health.
William S. Erlanger
Partner
Bill Erlanger co-founded the firm and brings extensive expertise in community association taxation. With academic credentials from UC Berkeley and Boston University, he has authored numerous industry publications and served as a leader in professional organizations like Community Associations Institute.
Mila Krasnova
Partner
Mila Krasnova is a CPA and partner specializing in community association accounting. She co-authored the Condominium Greenbook and brings international accounting experience to her work with California associations. She holds certifications from AICPA, CalCPA, and other professional organizations.
Ingrid Fraire
Administrator
Ingrid Fraire has served as administrator since 2011, managing day-to-day operations and client communications. A Bay Area native with a history degree from San Francisco State University, she ensures smooth administrative support for the firm's accounting services.
Leah Sloven
Administrator
Leah Sloven joined the firm in 2014 after graduating from the University of Arizona. She manages administrative tasks and client support, bringing organizational skills from her background in family studies and psychology to support the firm's operations.
Questions
What accounting services do you offer for community associations?
We provide audits, reviews, compilations, tax preparation, budget planning, reserve funding analysis, and expert witness services specifically for California community associations.
Are audits required for California community associations?
Yes, California law requires associations with gross receipts over $75,000 to have annual audits or reviews performed by a licensed CPA.
Do you handle tax exemption applications for HOAs?
Yes, we assist with California franchise tax exemption applications and help navigate the complex tax requirements for homeowner associations.
What publications do you offer for community associations?
We provide free resources including the Condominium Greenbook, California HOA Statistics, and Financial Survey reports for community association financial management.
How do you help with community association budgeting?
We prepare pro forma operating budgets, replacement reserve funding plans, and per-unit assessment calculations that comply with California Civil Code requirements.
What areas of California do you serve?
We serve community associations throughout both Northern and Southern California with local expertise in all major metropolitan areas.
