HP QUARTERLY CONDO ASSOCIATION FEES for 2024

TENTATIVE HP QUARTERLY CONDO ASSOCIATION FEES for 2025

2025 CONDO FEES @ HUNTINGTON POINTE

It’s early November of 2024, so except for Phase I, we don’t have exact figures for next year. However, after speaking with board members in all four phases, and examining the HPA 2025 budget, I am warning you to expect significant increases in your quarterly condo fees. I am not talking about $100-$200, I’m talking about massive increases around $400 – $500 per quarter, possibly even higher. My guess is the quarterly condo fee for most phases will be around $3,000.

It’s important to remember, except for Phase I, this report isn’t based on actual numbers. It is based on discussions with other board members and the HPA budget. Remember, the HPA fee is included in your Phase quarterly condo fee. At this point in time, nothing is definitive until the four phases formally present their budgets at their board meetings in November and then conduct a vote.  However, there is nothing I’ve seen which even raises the possibility of more moderate condo fee increases in 2025.

Condo Association Fees: Monthly Payments Option

For a variety of reasons, the quarterly condo fees are soaring. As of November 2024, all four phases are approaching $3,000. That’s a large amount of money one must come up with at the beginning of each quarter, four times a year. Did you know that instead of paying a large sum of money four times per year, you can instead set up  monthly payments? For those who prefer this option, that could help make your life a little bit easier. 

We’ve already helped several HP residents switch over to monthly payments and they are very happy. Here are some key points.

• To ascertain the monthly amount, simply divide the total amount due each quarter by 3.
• You must make your payments, starting 2 months before the quarterly payment is due. 
• There are other options for doing this, but I prefer going directly to the bank Campbell uses. You are obviously free to choose another method, such as having your bank automatically make monthly payments directly to Campbell. Some unit owners prefer that protocol and it works for them.
• All HP condo fee Campbell payments are transferred to Alliance Association Bank in Chandler, AZ. With this protocol which I prefer, you are bypassing the middleman, Campbell, and making your payments directly to the bank which collects HP funds. Alliance Association Bank has an excellent, easy to navigate website.
• After you set up this protocol, the process con be automatic  or manual. If you’re OK with paying on Day 3 of the month, it will happen automatically. Otherwise, thanks to a new change from Campbell, which eliminates flexibility on your payment date, your only other option is manually making your payments each month.
• If you’re on the automatic system, Alliance Association Bank will send you an email reminder for your upcoming monthly payment about 5 or 6 days in advance of the due date.
• Alliance Association Bank will send you an email receipt after your monthly payment is made.
• You can check your payment status on the HP Official website via the Owner Dashboard. For example, once Alliance makes my monthly payment, the next day I will go to my “Owner Dashboard” where I should see the payment recorded.

How does it work? For the purpose of making the math a little easier, we’re going to use a make-believe quarterly condo fee of $3,000. If you divide that amount by 3, it equals a monthly payment of $1,000.

If your next payment of $3,000 is due the first week of July, Alliance Association Bank will withdraw $1,000 from your checking account, via an ACH, the first week of May, June, and July. Those  payments will happen on day 3 of the month  and your total will be $3,000. As mentioned above, the protocol can operate automatically, but you must obviously ensure there’s at least $1,000 in your checking account on the day of the month you chose.

The big question is, do you prefer remembering and coming up with more than $3,000 all at once every 3 months, or would you prefer paying $1,000 per month? This is not a right or wrong issue, it’s a  personal preference. For many people, paying once a month is a better and easier option. It’s up to you. I’ve been doing this with Alliance Bank for more than 2 years and I would never return to massive quarterly payments.

IMPORTANT:  After you set up monthly payments and confirm they are working properly, you must cancel any automatic quarterly payments you previously set up with Campbell or your bank. Make sure you get that cancellation notice in writing.

Here is an overview which should help. Alliance Association Bank is located in Chandler, AZ. Their customer service phone number [888-734-4567] is listed on their homepage [The link for the bank is shown below]. As mentioned above, Alliance Association Bank has an excellent, easy to navigate website. Please note, their customer service is excellent. 

https://pay.allianceassociationbank.com/Home

Information You Need Before Setting Up Monthly Payments

• You will obviously need your bank’s ROUTING NUMBER and your CHECKING ACCOUNT NUMBER.
• You need the Campbell Property ID Code for Huntington Pointe, which is 2586
• Association ID: HP1, HP2, HP3, or HP4
• Property Account Number: HP1152671 [Replace this number with your unique Account Number, assigned by Campbell]. You can obtain this number from your check payment coupons, or go to the clubhouse office. Please triple check this number before carefully entering it on the Alliance Association Bank website, because you don’t want to pay your neighbor’s quarterly condo fee.

Per Campbell, Alliance Association Bank will automatically select the 3rd day of the month as your automatic ACH payment day. If you’re OK with paying on day 3 of the month, you’re all set. However, if you want a different day of the month, such as day 6 or 7, you cannot manually change the day. Why? Because Campbell will no longer allow unit owners to do such. Apparently Campbell doesn’t care about making it easier for their customers. They are more concerned with making it easier for Campbell. 

If you’re like me, and cannot use day 3 of the month, because the money may not be in my account by then, you can instead make your monthly payments manually. This is very easy on the Alliance Association Bank website. All one has to do is click on the green Make a Payment button, then click on One Time Payment. Since I already set up a payment method [my checking account] with my bank, I simply choose my bank from the drop down box, type in the amount of the payment, and the date of the payment.  If you have questions, contact Alliance customer service, because they are excellent. They will walk you through the process.

OK, let’s once again review how the protocol operates. In our example below, using the automatic process. In this example, your quarterly assessment due in July is: $3,000. Divide that by 3 and your monthly payment is:  $1,000. In order to be paid up at the start of a new quarter in July, you must start 2 months in advance. Alliance will withdraw $1,000 from your checking account, via an ACH,  as follows:

May 3: $1,000  / June 3: 1,000 / July 3: $1,000 

Reminder: If day 3 of the month, doesn’t work for you, use the excellent Alliance ONE TIME PAYMENT option to easily make the payment manually on a date which is convenient for you.

After all 3 payments above are made automatically or manually, you will be paid in full for the $3,000 which is due the first week of July. You can check your payments were properly registered with Campbell on the HP website. On their menu, choose OWNER DASHBOARD. Read the next article.

NEW OWNER DASHBOARD [WEBPAGE] for UNIT OWNERS

What is the new Campbell Portal, called  OWNER DASHBOARD, and why should you care? It gives unit owners the ability to:

• See the current financial status of your HP condo account.
• Although it’s a poorly designed webpage, thankfully, their math is very accurate.
• Go to the portal to ensure your monthly payments from Alliance Association Bank were properly registered with Campbell.
• On the portal, you can see the payment history of your HP account and/or special assessments.

Financial Information for the Four Phases 

• Each Phase BOD is a part of an independent corporation, which makes financial and strategic decisions for their residents. 
• Every year, each Phase BOD creates a budget which determines how much your unique quarterly condo assessment is.
• Every year, the HPA BOD determines the amount of the Master Association quarterly assessment for each unit.
• There are 1,096 units @ HP and every unit pays the same exact amount to the Master Association, known as the HPA. 
• In other words, it doesn’t matter which phase you live in, the Master Association component of your quarterly condo assessment is identical for all 1,096 units.
• Per our documents, each Phase BOD collects the quarterly HPA assessment for the Master Association and adds it to their unique Phase quarterly assessment.
• Therefore, your quarterly condo assessment is a combination of the HPA assessment and your unique Phase assessment.  The phase portion of your quarterly condo fee is unique because each phase charges a different amount.
• Our management accountant ensures the HPA portion of your assessment is transferred from the Phase account into the Master Association account.
• In general, a little less than one half of your condo assessment goes to the Master Association, while the remaining balance stays in the Phase account.