Discussion Issue 1: Grants to Nonprofit Sponsors for Real Estate Development
The Strength Matters Financial Professionals group presents the first paper in a new series. The paper discusses financial reporting issues around Grants to Nonprofit Sponsors for Real Estate Development. Separated into two subtopics:
- Accounting for grants received by nonprofit sponsors on behalf of related party real estate development projects, and
- Accounting for notes receivable by a nonprofit sponsor recorded when grant funds are loaned to a related party real estate development project.