Each answers to different people and follows different rules. Choose yours to see who usually asks for your statements, what we do, and what level of CPA report you likely need.
The same CPA services, applied to very different reporting worlds.
| Private companies | Nonprofits | HOAs & condos | |
|---|---|---|---|
| Who reads your statements | Banks, investors, sureties, buyers | Boards, donors, grantors, state charity offices | Boards, unit owners, lenders, buyers |
| What sets the required level | Loan agreements and investor terms | State charity law, federal awards, funders | State statute and governing documents |
| Most common report | Review or audit | Audit or review, sometimes a Single Audit | Review or audit, by revenue tier |
| Main tax return | Form 1120, 1120-S or 1065 | Form 990 (plus 990-T if needed) | Form 1120-H or Form 1120 |
| What we watch closely | Revenue recognition, debt covenants, owner taxes | Restricted funds, functional expenses, grant compliance | Reserve funding, delinquencies, deadlines to owners |
A senior CPA will confirm what your lenders, funders, regulators or governing documents require and send a fixed-fee proposal at no cost.
The quick check is general guidance based on state law as of October 2026, not legal or accounting advice. Your loan agreements, grant terms and governing documents may require more.