Five-year reserve planning My HOA Budget

Philadelphia, Pennsylvania condo association

Claim this page

Society Hill Towers

Society Hill Towers is a condo association in Philadelphia, Pennsylvania. This profile tracks monthly dues $600–$2,200/mo, 625 units, built in 1964, reserve study status not yet verified, along with amenities, reserve...

condo Public records Reserve health: No study on record Browse Philadelphia communities Pennsylvania reserve laws

Profile 56% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units 625
Year built 1964
Monthly dues $600–$2,200/mo
Reserve health Check my risk
Active listings 12
Median sale price $359K

Amenities

PoolGymDoormanElevatorParking garageStorage

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Society Hill Towers has no reserve study on record. Without one, there's no way to know if dues cover what's coming.

Check what's missing

5-year outlook

Will you get hit with a special assessment?

Special assessments can run into thousands per unit when major work outruns reserves. We model that risk for Society Hill Towers based on reserve health, building age, and Pennsylvania requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
I am a...

Values used: scaled defaults where community data is unknown — starting reserve (scaled from unit count at $15k/unit); annual opex (scaled from revenue at 84%).

Try it on a typical condo

A mid-size urban condo, five years out

Starting reserve $1.5M · $500K/yr dues revenue · $420K/yr operating expenses · $1.5M of reserve-study capital work over five years. Switch on the levers your board actually controls and watch where the reserve lands.

5-year ending reserve$12.69MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$12.7M
Annual dues increase+5% compounding · $4.50M/yr → $5.74M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $3.78M/yr → $4.60M/yr by 2031
4%
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 Society Hill Towers

Society Hill Towers consists of three 32-story towers designed by I.M. Pei on five landscaped acres in Philadelphia’s Society Hill, built in 1964 (converted to condos 1979). 625 units including studios, 1-BR, and 2-BR. Amenities include renovated saltwater pool, fitness center, hospitality suites, 24-hour doorman in each tower, and 350 underground parking spaces.

What we know

  • Units: 625 across three 32-story towers
  • Year built: 1964 (condo conversion 1979)
  • Architect: I.M. Pei
  • Address: 285 St. James Place, Philadelphia, PA 19106
  • Monthly dues: $600–$2,200/mo
  • Amenities: Renovated saltwater pool, fitness center, hospitality suites, 24-hour doorman in each tower, 350 underground parking spaces, storage
  • Active listings: 12
  • Median sale price: $359K
  • Website: societyhilltowers.com

Reserve health

Reserve health hasn’t been verified for Society Hill Towers 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

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

For board members

If you serve on this board, you can claim this page to add reserve data, your board roster, and community photos. A complete profile helps current owners and prospective buyers make informed decisions.

More Philadelphia communities

View Philadelphia directory
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

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make Society Hill Towers look as good online as it does in person.

Claim this page

Next step

Need documents from Society Hill Towers?

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