News & Events

7/31/19 Webinar – Records Management and Retention Policies – Why They Matter, How to get Started and Best Practices


Join us for a free webinar on Wednesday, July 31, at 2PM ET/11AM PT to cover records management and retention policies for nonprofit affordable housing developers.
 
We’ll discuss the hows and whys of document retention, including: 
  • Importance of having and implementing an organization-specific policy
  • Assess the risks for your organization 
  • Practical guidance and real-world stories 
Attorneys Pam Kaufmann and Brad Hise of Hanson Bridgett will join CFOs Julie Goldfine of Mutual Housing and Marcy Finamore of Jamboree Housing to lead this free webinar. 

Register Now 

Read the companion implementation guidance prior to the webinar for the best experience. 

2019 Strength Matters Financial Management Conference

REGISTRATION IS NOW OPEN!

The Strength Matters Financial Management Conference will convene more than 300 of the nation’s top nonprofit community development leaders, as well as leading mission-focused for-profit colleagues and our key investment and accounting partners.

Hotel booking at the event location – Fairmont Dallas –  is now available 

Strength Matters Annual Meeting (Invite only)
(Monday, Sept. 16, at 1:00 p.m – Tuesday, Sept. 17, 12:00 p.m.) 
This invitational event brings together CEOs and CFOs in an intimate, senior level forum where industry CEOs and financial leaders. 

Financial Management Conference (Open to all attendees)
(Tuesday, Sept. 17 at 12:00 p.m. – Thursday, Sept. 19 at 12:00 p.m.) 
Two days designed to connect CFOs and other senior financial staff from across the country for peer networking and hands-on workshops. 

Register for the Conference

Implementation Guide – Records Management and Retention Policy

Guides tools icon

While not required by the IRS, Form 990 does ask whether the corporation has a written document retention and destruction policy. Corporations desiring to adopt such a policy will find the attached policy a helpful tool and starting point.

The implementation guide is written for nonprofit corporations specializing in affordable housing. It is easily adapted to the needs and risk tolerances of individual corporations. The document cites legal requirements relating to document retention and provides standard practices where legal guidance does not exist. 

Download It

Avoiding LIHTC Issues Series – The Initial, Middle and Final Project Years

Our three paper series for CFOs and controllers who are responsible for reviewing and/or signing tax returns and related forms covers key tax issues to be on the lookout for throughout the typical lifecycle of a LIHTC project.
 
Organized chronologically the papers assist in providing key topics encountered in the initial, middle and final years of a project, including:  
    • First tax return filed for a project partnership 
    • Tax return for the year the project is placed in service 
    • The tax return for the initial year of the tax credits
    • Completion of part II of form 8609
    • Monitoring loss allocations and capital account
    • Anticipating, avoiding, and addressing loss allocation issues
    • Transfer of partnership interest
    • Casualty losses
    • Final year of tax credits
    • The final compliance years
    • The year of investor exit
Also check out a webinar covering the initial years and one covering the middle and final years of a LITHC project.

5/1/19 Webinar – Avoiding Tax Issues in LIHTC Projects: The Middle and Final Years


Join us for a free webinar discussing key tax issues that CFOs and controllers should be looking for in reviewing their partnership’s tax return to avoid errors and issues.
 

Dan King of CohnReznick will cover what to look for and avoid in the middle and final years of a LIHTC project at milestones, including: 

    • Monitoring loss allocations and capital accounts; 
    • Anticipating, avoiding and addressing loss allocation issues
    • Transfers of partnership interests
    • Casualty losses
    • The final year of tax credits
    • The final compliance years
    • The year of investor exit

Register Now 

Read the companion papers on avoiding LIHTC issues now – the initial years, the middle years and the final years and watch the first webinar in the series covering the initial years of project. 

3/20/19 Webinar – Avoiding Tax Issues in LIHTC Projects: The Initial Years

Join us for a free webinar discussing key tax issues that CFOs and controllers should be looking for in reviewing their partnership’s tax return to avoid errors and issues.
 

Dan King of CohnReznick will cover what to look for and avoid in the initial years of a LIHTC project at milestones, including: 

  • First tax return filed for a project partnership 
  • Tax return filed for the year the project is placed in service 
  • The tax return for the initial year of the tax credits
  • Completion of part II of form 8609
 

 

Do’s and Don’ts of Tax-Exempt Status Guidance Papers Now Available

Not-for-Profit Organizations From Infancy to Adolescence to Adulthood!

Creating a Tax-Exempt Organization

This paper walks through the do’s and don’ts of creating a tax-exempt organization with focus on: 

  • Recruiting board members
  • Creating bylaws
  • Special rules for low-income housing entities
  • Incorporation
  • IRS forms and paperwork requirements
  • State considerations

STaying Tax-Exempt

Now that your organization has tax-exempt status, how do you keep it?

This paper outlines the do’s and don’ts for maintaining your tax-exempt status. Topics covered include: 

  • Fundamentals of maintaining tax-exempt status – organizational and operational tests
  • Unrelated business income taxes
  • Safe harbor guidelines
  • Lobbying
  • Public charity status
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