Reserve Fund Studies & Performance Audits
We are a highly experienced Building
Science Engineering Firm servicing all of Ontario
With over 50 combined years specializing in the Reserve Fund Study and Performance Audit sector, and backgrounds in building construction, restoration and condominium management, our team brings a unique skill set to the table.
We understand that your investment matters to you. Whether you are a unit holder in a skyscraper, townhouse, commercial building or vacant lot corporation, our goal is to work with you to relay the regulatory requirements, answer your questions and provide you with studies that keep your development on track.
Meet Our Team
ROMINA FACCHINI, MAATO
Romina has been in the building science engineering industry for 22 years, specializing in the preparation of Reserve Fund Studies and Performance Audits. She graduated with top honours from Humber College’s Architectural Technology program and is an active member in the Association of Architectural Technologists of Ontario (AATO) and Association of Condominium Managers of Ontario (ACMO).
During her tenure at a large Engineering firm, Romina held the role of Director of the Condominium Department and has garnered an abundance of knowledge of the condominium industry.
Romina’s area of expertise is in Building Science, namely the assessment of architectural components such as roofing, cladding, windows, doors, balconies, garages, exterior pavements and interior finishes.
JEFF JEFFCOATT, P.ENG, BDS
Jeff is a Professional Engineer (Building Design Specialist) and a Registered Condominium Manager (non-practicing), being involved in all things Condo for over 30 years, specializing in Reserve Fund Studies and Performance Audits. With 10 years in Property Management and 15 years culminating as Vice President for the Condominium Department for a large Engineering firm, there is a wealth of condo knowledge accumulated. Well known for his teaching for the Association of Condominium Managers of Ontario (ACMO) at Humber College and via the web through Mohawk College, Jeff wrote and compiled the original and the current updated manuals for the ACMO Physical Building Management course.
Jeff served on the White Paper Advisor panel concerning mould in high-rise fan coil units, and was a member of the Professional Engineers Ontario Committee establishing Guidelines for the Preparation of Performance Audits and Reserve Fund Studies. Also involved in Health & Safety, Jeff served as Co-Chair on the award winning IHSA Service Sector Management-Labour Committee, representing ACMO and the Canadian Condominium Institute – Toronto.
MICHELLE FALLOWS, B.TECH.
SENIOR PROJECT MANAGER
Michelle has held a senior position, specializing in the preparation of Reserve Fund Studies in southern Ontario for 26 years. Her portfolio of work spans from the largest modern highrise complexes to quad-unit historic conversions and includes condominiums, municipal buildings, recreation facilities and commercial spaces.
The focus of her Honours Bachelor of Technology degree in Architectural Science from Ryerson University was in Building Science; an ideal field of study for an all-encompassing understanding of the building envelope, construction processes and statistical analysis.
Her early career was spent in building restoration before moving a few years later into the world of Reserve Fund Studies. Michelle has been an active participant in successfully developing and evolving studies to meet client and regulatory needs ever since.
Reserve Fund Studies
A Reserve Fund Study is needed every three years by all Condominium Corporations in Ontario. It is a tool that is used to determine the financial requirements related to providing adequate funding for current and future major repairs and replacements of the property’s common elements.
Required in the first year following registration for all Residential Condominium Corporations in Ontario, a Performance Audit is a detailed list of common element deficiencies. Second Year Performance Audits can also be carried out to identify common element deficiencies that are covered under the Tarion administered Two Year Warranty.
Shared Facilities Assessments
It is common for multiple Corporations / Properties to share areas of the overall development such as roadways, garages or amenities. An assessment of the Shared Facilities Agreement will determine if the shared facilities definition is adequate and if the cost allocations are fair and equitable to all parties involved.
We don’t just do Reserve Fund Studies and Performance Audits, we do them better.
At Statis Inc., we recognize the need to be flexible because our clients are unique. We take the time to understand your objectives and formulate individualized solutions, within the parameters of governing regulations.
Our reports flow seamlessly and include easy to understand straightforward descriptions, illustrative photographs, and easy to follow tables.
It is our mission to develop long term relationships that are defined by reliability, integrity, and dedication.
We have the expertise to help you set a solid foundation for the future of your investment.
High, Medium and Low Rise Apartments
Vacant Lots/Common Elements
Mixed-use Buildings (residential/commercial)
Mixed-use Buildings (residential/commercial, office/retail)
Our clients are in communities near and far:
- Richmond Hill
- Perry Township
We love to listen and are eagerly waiting to talk to you regarding your project. Get in touch with us if you have any queries and we will get back to you as soon as possible.