During this meeting, the HOA board addresses various issues, presents the annual budget, and discusses upcoming major projects. A successful annual meeting can be a chance to highlight the organization's performance, promote community plans, and answer questions.The HOA Annual Meeting is the event when the board members and homeowners of a HOA gather to discuss the most important things that concern the community. The annual meeting must be held once per year. At this meeting, new members are voted onto the association board.