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Find out if your reserve fund is healthy, and how much it would cost to fix it
A reserve fund adequacy calculator answers the question every board member eventually faces: are we setting aside enough money to replace major components when they wear out? The answer lives in your percent funded figure, the ratio of what you have to what you should have, based on the age and replacement cost of your building components.
Enter your current reserve balance, the percent funded figure from your most recent reserve study (or your best estimate), and your unit count. The calculator shows you the fully funded target, your current deficit, how that deficit breaks down per unit, and what it would cost each unit to close the gap over five, ten, or twenty years.
A fund above 70% funded is generally considered strong. Between 50–70% is fair, manageable but worth monitoring. Below 50% is where special assessments become more likely. Below 30% is where lenders and buyers start flagging the association.
Running for 8705 Hampshire Drive Condominium. Unit count (14) comes from the state corporate record. Reserve balance and percent funded are on your reserve study, so you will need to enter those.
Fund adequacy analysis
Fully funded target
$538,462
Deficit
$188,462
Below fully funded target
Current balance
$350,000
65.0% funded
Per-unit deficit
$13,462
Each unit's share
Monthly per unit to close the deficit
| Horizon | Monthly per unit | Annual per unit |
|---|---|---|
| 5 years | $224 | $2,692 |
| 10 years | $112 | $1,346 |
| 20 years | $56 | $673 |
These figures represent additional monthly contributions per unit needed to close the deficit. They do not account for ongoing reserve requirements or inflation.
Compare your reserve position with other boards in the Common Area.
Ask the Common AreaWe'll email you when we add tools or refresh this state's toolkit.
This calculator uses your percent funded figure to back-calculate a fully funded target. Actual targets vary by component age, replacement cost, and funding method. Consult a licensed reserve specialist before adopting contribution rates. This is not financial or legal advice.
Also in reserves: SIRS Reserve Study PlannerReserve Study Interpreter
Take this back to the association's record, or ask a professional to look at the result.
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