Community Association Management, Condo Governance, Financial Mismanagement

🏆 The First Annual Worst Community Association Management Company Award: Part 2

Mar 16 2026
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The First Annual Worst Community Association Management Company Award: Part 2 explains why FirstService Residential shares CIAMBA’s award. The post highlights two documented examples: at Chicago’s Park West Condominium Association, years of unreconciled financial statements, questionable audits, false tax filings, reserve underfunding, and obstruction of records access; and at a New Jersey condominium, a written directive from FirstService management barring an owner from copying or photographing financial records during an inspection. Together, the cases illustrate a broader pattern of management-company control, weak accountability, and owners being denied the transparency needed to protect their financial interests.

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