Five-year reserve planning My HOA Budget

Atlantic City, New Jersey townhome HOA

Unclaimed profile

The Cove

The Cove is a townhome HOA in Atlantic City, New Jersey. This profile tracks monthly dues $500/mo, built in 1994, reserve study status not yet verified, along with amenities, reserve questions, and document-request st...

townhome Public records Reserve health: Unknown Browse Atlantic City communities New Jersey reserve laws

Profile 44% complete — source gaps remain

HOA dues, reserve study, and community facts

Units —
Year built 1994
Monthly dues $500/mo
Reserve health Unknown
Active listings 1
Median sale price $295K

Amenities

ClubhousePool

Board and management

No board roster is listed in the cited sources.

Reserve study and funding

We do not have reserve study details on record for The Cove. Review the editable example below before treating any forecast as community-specific.

Review editable example

5-year outlook

What changes this five-year example?

Special assessments can run into thousands per unit when major work outruns reserves. This starts with the known numeric values listed below, then lets you change every example before relying on the result for The Cove.

Reserve-health labels, year built, and New Jersey law summaries are not used to change the solver numbers.

Editable assessment example Adjustable dues increases Five-year reserve projection
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Known values applied: duesRange lower bound -> annual dues revenue.

Editable examples, not community facts: unit count: editable example default of 100 because this community has no known unit count; starting reserve: editable example scaled from unit count at $15k/unit; annual dues revenue: known monthly dues lower bound times editable example unit count; annual operating expense: editable example scaled from annual revenue at 84%.

Local calculator

Five-year reserve projection from reviewed numbers

Start with the example, enter figures by hand, or review local files before applying values. Nothing here is uploaded or saved by MHB. This example is not a reserve study, a funding-sufficiency conclusion, or an assessment prediction.

5-year ending reserve$642KBelow example target

Use your figures

Review documents or enter the same values by hand.

Files are read only in this browser, are not uploaded, and are not stored by MHB.

Scenario figures can be entered manually or read from local files.

Budget

Dues revenue, operating expense, and unit count.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Reserve study

Starting reserve balance and scheduled capital work.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Assessment history

Assessment amount and projected year.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Enter figures manually

These whole-number fields match the document review fields. Changing them recomputes the projection immediately.

$0EXAMPLE TARGET - $1.0M202620272028202920302031$642K
Projection text equivalent
YearReserve balance
2026$1.50M
2027$1.46M
2028$1.27M
2029$800K
2030$640K
2031$642K
5%
4%

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Save a baseline, then test the current case.

Copy and CSV exports use reviewed numbers and caveats. The share link keeps only numeric controls.

Current ending balance$642K
Current lowest balance$640K2030
Ending deltaSave baseline

Save the current case before changing controls to compare ending balance, lowest balance, and yearly deltas.

Fields: manual entry fields; ending delta: 0; lowest delta: 0

Save a baseline before exact totals can be included. Until then, the handoff contains only field names and zero comparison bands for the current scenario.

Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About The Cove

The Cove is a townhome community in Atlantic City, built in 1994. Located on Anchorage Court, the development features a clubhouse and pool.

What we know

  • Property type: Townhouse
  • Year built: 1994
  • Address: 60 Anchorage Ct, Atlantic City, NJ 08401
  • Monthly dues: $500/mo
  • Amenities: Clubhouse, pool
  • Active listings: 1
  • Median sale price: $295K

Reserve health

Reserve health hasn’t been verified for The Cove yet. Before you approve a budget, pay a special assessment, or close on a unit here, New Jersey law defines exactly what reserve records a townhome HOA must keep and what owners can request — see New Jersey HOA reserve funding rules.

No reserve study or funding data has been verified for this community.

What’s still missing

To build a complete picture of this community, we’d need:

  • Total unit count
  • Management company
  • Reserve study date and reserve balance
  • Reserve funding percentage
  • Board roster
  • Assessment history

Verification note

This profile is based on the sources named in its profile footer. It has not been board-verified; confirm material facts directly with the association.

New Jersey laws that apply here

Condo board meeting notice

New Jersey condo board meeting notice rules, in plain language

How New Jersey's Condominium Act handles board meeting notice — 48 hours written advance notice plus physical posting on the property and filing with the business office, open meetings required except working sessions, and why owner participation remains at the board's discretion.

N.J.S.A. 46:8B-13 — New Jersey Condominium Act, bylaws and board meeting requirements Condo reserve funding

New Jersey condominium reserve funding rules, in plain language

How New Jersey's Condominium Act actually handles reserves — through mandatory fund-handling and accounting rules for reserve funds once identified, without itself imposing a reserve-study cadence or funding formula — and what that means for a board, owner, or buyer alongside the separate PREDFDA reserve-study overlay.

N.J.S.A. 46:8B-15(e) — New Jersey Condominium Act, reserve fund handling and accounting HOA board meeting notice

New Jersey HOA board meeting notice rules, in plain language

How New Jersey's Planned Real Estate Development Full Disclosure Act handles board meeting notice — 48 hours written advance notice for any meeting where a binding vote will be taken, open meetings required, and an annual schedule posting requirement.

N.J.S.A. 45:22A-46 and N.J.A.C. 5:26-8.12 — Planned Real Estate Development Full Disclosure Act and Radburn Law DCA regulations, executive board meetings Reserve funding

New Jersey HOA reserve funding rules, in plain language

How New Jersey's Planned Real Estate Development Full Disclosure Act and the 2024 Structural Integrity Law actually handle reserves — through a mandatory capital reserve study on a five-year cadence, a 30-year funding plan, credentialed preparer requirements, structural inspections for covered buildings, and a time-limited 85 percent reduced-funding option — and what that means for a board, owner, or buyer.

N.J.S.A. 45:22A-44.2 and 45:22A-44.3 (capital reserve study and reserve funding, as added by P.L. 2023, c. 214 and amended by P.L. 2025, c. 132) — Planned Real Estate Development Full Disclosure Act, plus C.52:27D-132.2 through 132.5 (structural inspections for covered buildings)

Profile verification status

This profile has not been claimed or verified by the board or property manager. Treat missing details as unknown, and confirm important facts directly with the association before relying on them.

Next step

Need documents from The Cove?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents