Five-year reserve planning My HOA Budget

Philadelphia, Pennsylvania condo association

Unclaimed profile

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: Unknown Browse Philadelphia communities Pennsylvania reserve laws

Profile 56% complete — source gaps remain

HOA dues, reserve study, and community facts

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

Amenities

PoolGymSpaConciergeElevatorParking garageDoorman

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 Residences at The Ritz-Carlton. 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 Residences at The Ritz-Carlton.

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
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Known values applied: unitCount -> unit count; duesRange lower bound -> annual dues revenue.

Editable examples, not community facts: starting reserve: editable example scaled from unit count at $15k/unit; 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$6.71MAbove example target

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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$6.7M
Projection text equivalent
YearReserve balance
2026$4.05M
2027$4.59M
2028$5.04M
2029$5.27M
2030$5.87M
2031$6.71M
5%
4%

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

Current ending balance$6.71M
Current lowest balance$4.59M2027
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.

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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

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.

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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

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

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