Five-year reserve planning My HOA Budget

Philadelphia, Pennsylvania condo association

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The Residences at The Ritz-Carlton

The Residences at The Ritz-Carlton is a condo association in Philadelphia, Pennsylvania. This profile tracks monthly dues $1,200–$13,000/mo, 270 units, built in 2009, reserve study status not yet verified, along with...

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 270
Year built 2009
Monthly dues $1,200–$13,000/mo
Reserve health Check my risk
Active listings 21
Median sale price $1.06M

Amenities

PoolGymSpaConciergeElevatorParking garageDoorman

Board and management

No board listed — who's managing your dues?

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Reserve study and funding

The Residences at The Ritz-Carlton 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 The Residences at The Ritz-Carlton 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$6.71MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$6.7M
Annual dues increase+5% compounding · $3.89M/yr → $4.96M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $3.27M/yr → $3.97M/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 The Residences at The Ritz-Carlton

The Residences at The Ritz-Carlton is a 270-unit, 48-story luxury condo in Center City Philadelphia, completed in 2009. Designed by Handel Architects with a blue-glass facade. Amenities include 60-foot lap pool, hot tub, gym, community room, in-residence dining, valet parking, dog-walking service, and media room.

What we know

  • Units: 270 condominiums and penthouses
  • Year built: 2009
  • Architect: Handel Architects
  • Address: 1414 S Penn Square, Philadelphia, PA 19102
  • Height: 48 stories
  • Monthly dues: $1,200–$13,000/mo
  • Amenities: 60-foot lap pool, hot tub, gym, spa, community room, in-residence dining, valet parking, dog-walking service, media room, concierge, doorman
  • Active listings: 21
  • Median sale price: $1.06M
  • Website: philadelphiaresidences.com

Reserve health

Reserve health hasn’t been verified for The Residences at The Ritz-Carlton 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.

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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 The Residences at The Ritz-Carlton look as good online as it does in person.

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Next step

Need documents from The Residences at The Ritz-Carlton?

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

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