The first thing that I would do, is cut all of the drywall out from the bottom of the wall up to a distance of about 5 inches. TAKE LOTS OF PICTURES. That will allow you to see what is going on. If the mold is contained in just that area, then it can be treated and you can put a baseboard back on without having to replace the drywall. That would be your best scenario.
If you cut the drywall and the mold has spread past the 5 inch area, then you will need to cut the drywall from the bottom up to a level about 8 inches above where the mold stops. TAKE LOTS OF PICTURES. The area will need to be dried out and treated.
It is important that you determine the source of the mold. Is it from an outside wall leaking in? It is a broken water or sewer pipe? Is it coming from the HVAC system? Did an appliance overflow? It's got to be one of those. TAKE LOTS OF PICTURES. You must stop the intrusion and not just cover it back up.
This could be your problem. It could be your HOA's problem. It's going to depend upon the size of your condo project and if the water is coming from inside or outside of your unit. Generally the bigger the development--the more likely the HOA will have the responsibility for the repairs. On the other hand, the smaller the development--the more likely you will be on the hook for the repairs.
The reason you must take lots of pictures is because insurance might become involved here and you will need to be able to prove what has happened. Without the proper proof the insurance company could deny the claim.