Five-year reserve planning My HOA Budget

Philadelphia, Pennsylvania condo association

Unclaimed profile

Chocolate Factory

Chocolate Factory is a condo association in Philadelphia, Pennsylvania. This profile tracks monthly dues $772/mo, built in 1900, reserve study status not yet verified, along with amenities, reserve questions, and docu...

condo Public records Reserve health: Unknown Browse Philadelphia communities Pennsylvania reserve laws

Profile 33% complete — source gaps remain

HOA dues, reserve study, and community facts

Units —
Year built 1900
Monthly dues $772/mo
Reserve health Unknown
Active listings 1
Median sale price $1.1M

Amenities

No amenities are listed in the cited sources.

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 Chocolate Factory. 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 Chocolate Factory.

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

Editable assessment example Adjustable dues increases Five-year reserve projection
I am a...

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$991KBelow 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$991K
Projection text equivalent
YearReserve balance
2026$1.50M
2027$1.51M
2028$1.39M
2029$990K
2030$906K
2031$991K
5%
4%

Compare choices

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$991K
Current lowest balance$906K2030
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 Chocolate Factory

Chocolate Factory is a condo building at 115 Cuthbert Street in Philadelphia’s Old City neighborhood, housed in a building dating to approximately 1900. The converted industrial space offers loft-style living in one of Philadelphia’s most historic and vibrant districts.

What we know

  • Year built: 1900
  • Monthly dues: $772/mo
  • Active listings: 1 as of April 2026
  • Median sale price: $1.1M

Reserve health

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

What’s still missing

  • Unit count
  • Management company name
  • Amenity details
  • Reserve study date and reserve balance
  • Special assessment history
  • Board roster
  • Community photos

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.

More Philadelphia communities

View Philadelphia directory
Public records Society Hill Towers
625 units $600–$2,200/mo condo
Public records The Residences at The Ritz-Carlton
270 units $1,200–$13,000/mo condo

Pennsylvania laws that apply here

Condo board meeting notice

Pennsylvania condo board meeting notice rules, in plain language

How Pennsylvania's Uniform Condominium Act handles board meeting notice — a 10–60-day statutory window — and the same structural gap as the HOA act: no apparent statutory open meeting mandate for condominium executive boards.

68 Pa. C.S. § 3308 — Uniform Condominium Act, meetings Condo reserve funding

Pennsylvania condominium reserve funding rules, in plain language

How Pennsylvania's Uniform Condominium Act actually handles reserves — through mandatory disclosure of the reserve amount or its absence in offering statements and resale certificates, with statutory protection against pledging reserve funds, but no reserve-study mandate or minimum funding rule — and what that disclosure-driven posture means for a board, owner, or buyer.

68 Pa.C.S. § 3402(a)(6) (public offering statement reserve disclosure), § 3407(a)(5) (resale certificate reserve disclosure), and § 3302(a)(2) and (17) (association budget authority and reserve fund protection) — Pennsylvania Uniform Condominium Act HOA board meeting notice

Pennsylvania HOA board meeting notice rules, in plain language

How Pennsylvania's Uniform Planned Community Act handles board meeting notice — a 10–60-day statutory window — and the critical gap that makes Pennsylvania an outlier: no open meeting mandate for HOA boards under current statute.

68 Pa. C.S. § 5308 — Uniform Planned Community Act, meetings Reserve funding

Pennsylvania planned community reserve funding rules, in plain language

How Pennsylvania's Uniform Planned Community Act actually handles reserves — through mandatory disclosure of the reserve amount or its absence in offering statements and resale certificates, with statutory protection against pledging reserve funds, but no reserve-study mandate or minimum funding rule — and what that disclosure-driven posture means for a board, owner, or buyer.

68 Pa.C.S. § 5402(a)(7) (public offering statement reserve disclosure), § 5407(a)(5) (resale certificate reserve disclosure), and § 5302(a)(2) and (17) (association budget authority and reserve fund protection) — Pennsylvania Uniform Planned Community Act

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 Chocolate Factory?

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