Five-year reserve planning My HOA Budget

Richmond, Virginia condo association

Unclaimed profile

Gotham

Gotham is a condo association in Richmond, Virginia. This profile tracks monthly dues $700/mo, built in 1870, reserve study status not yet verified, along with amenities, reserve questions, and document-request steps...

condo Public records Reserve health: Unknown Browse Richmond communities Virginia reserve laws

Profile 33% complete — source gaps remain

HOA dues, reserve study, and community facts

Units —
Year built 1870
Monthly dues $700/mo
Reserve health Unknown
Active listings 1
Median sale price $299K

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 Gotham. 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 Gotham.

Reserve-health labels, year built, and Virginia 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$899KBelow 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$899K
Projection text equivalent
YearReserve balance
2026$1.50M
2027$1.50M
2028$1.36M
2029$940K
2030$835K
2031$899K
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$899K
Current lowest balance$835K2030
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 Gotham

Gotham is a condo community in Richmond, Virginia, originally built in 1870. Located on East Main Street in downtown Richmond, this historic building has been converted to residential condominiums.

What we know

  • Year built: 1870
  • Monthly dues: $700/mo
  • Active listings: 1 as of April 2026
  • Median sale price: $299K

Reserve health

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

What’s still missing

  • Unit count
  • Amenities list
  • 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.

Virginia laws that apply here

Condo board meeting notice

Virginia condo board meeting notice rules, in plain language

How Virginia's Condominium Act handles executive board meeting transparency — open meeting mandate, the 21-day/7-day rule that applies to unit-owner meetings but not board meetings, and the two-vote executive session structure.

Va. Code § 55.1-1949 — Virginia Condominium Act, meetings of unit owners' association and executive board Condo reserve funding

Virginia condominium reserve funding rules, in plain language

How Virginia's Condominium Act actually handles reserves — through a mandatory five-year reserve study that condo instruments can vary — and what that instrument-variation clause means for a board, owner, or buyer reading a specific declaration.

Va. Code § 55.1-1965 — Virginia Condominium Act, annual budget and reserves for capital components HOA board meeting notice

Virginia HOA board meeting notice rules, in plain language

How Virginia's Property Owners' Association Act handles board meeting transparency — open meeting mandate, executive session limits, and owner comment rights — and why there is no minimum day count for board-only meeting notices.

Va. Code § 55.1-1816 — Property Owners' Association Act, meetings of the board of directors Reserve funding

Virginia HOA reserve funding rules, in plain language

How Virginia's Property Owners' Association Act actually handles reserves — through a mandatory five-year reserve study, annual review, and required budget fields — and what that means for a board, owner, or buyer who needs the numbers to mean something.

Va. Code § 55.1-1826 — Property Owners' Association Act, annual budget and reserves for capital components

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 Gotham?

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