News & Events

2018 Strength Matters Financial Management Conference

2018 Strength Matters Financial Management Conference

Registration for the 2018 Financial Management Conference is now closed. Please contact Omayra Colon at colon@housingpartnership.net for additional information.

The Strength Matters Financial Management Conference will convene more than 200 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.

For the first time in our 11-year history, we will link the Strength Matters Annual Meeting for CEOs and financial leaders from large affordable rental developers/owners with NeighborWorks’ CFO Convening, the only professional development event of its kind serving financial managers across the community development sector.

Strength Matters Annual Meeting (Invite only)
(Monday, Oct. 15, at 1:00 p.m – Tuesday, Oct. 16) 
This invitational event bringing together CEOs and CFOs in an intimate, senior level forum where industry CEOs and financial leaders will discuss current market conditions, marketplace dynamics, and critical strategies for efficient real estate financial operations.

For more information, please see the agenda. 

Financial Management Conference (Open to all attendees)
(Tuesday, Oct. 16 at 12:00 p.m. – Thursday, Oct. 18 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. This year’s topics will focus on helping to strengthen organizational capacity in rental development and ownership, lending, home building, financial reporting, and business management.

For more information, please see the agenda. 

A special conference rate of $204 per night plus taxes is available now via the Westin Dallas Downtown.

Super Circular Resources

Strength Matters library of resources on Uniform Guidance issues aka the Super Circular, includes: 

  • Uniform Guidance Issues paper 
  • Webinar slides and recording from Scott Seamands of Lindquist, von Husen & Joyce and Kelly Perlman of Plante Moran is available here.
  • Samples of procurement policies to comply with new federal requirements (Sample 1 & 2
  • Template used by a Strength Matters member to track federal grants 

Have a sample to share with the Strength Matters community? Email it to Chelsea at info@strengthmatters.net

May Boot Camps in Boston, MA and San Francisco, CA

The next Strength Matters Boot Camps will be held in: 

  • Boston, Massachusetts – May 23-24, 2018 
    San Francisco – May 24-25, 2018 

Email Lindsay (consult.lwells@gmail.com) with questions. 


Strength Matters Boot Camp is designed to provide an overview of the accounting and financial reporting issues faced by a nonprofit housing enterprise. Accounting professionals working in this field require industry-specific information. The course also offers CPE credit. Examples of topics covered in this course:

  • The accounting differences unique to each entity type, such as limited partnerships.
  • Funding sources unique to the industry, such as HUD, Low Income Housing Tax Credits and other programs. Funding requests from these and commercial sources are examined both in lecture format and through case study.
  • Project surplus cash calculations and the loan and regulatory agreements to be considered.
  • Using materials published by Strength Matters, participants also focus on financial reporting issues that arise throughout the life cycle of an affordable housing property, from predevelopment through year-15 buyouts and beyond.

3/28/18 2PM ET – Uniform Guidance Webinar

Strength Matters presents a webinar discussion of common issues and practical implementation questions related to Uniform Guidance with Scott Seamands of Lindquist, von Husen & Joyce and Kelly Perlman of Plante Moran. 

Join us for this free one-hour webinar on Wednesday, March 28, 2018 at 2 PM (ET)

Register for the Webinar

The related publication is also available to Strength Matters subscribers here and draft slides for the webinar available here.

New Publication: Practical Implementation Issues with Uniform Guidance

In December 2013, the Office of Management and Budget (OMB) issued the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (known to many as the “Super Circular” or the new Uniform Grant Guidance) to streamline and consolidate grants guidance previously contained in numerous documents. These changes will impact all entities receiving and administering federal awards, as well as auditors responsible for auditing federal awards programs. The Super Circular contains the most significant changes to occur to federal grants administration in recent history.

This paper provides an overview of the requirements of the Uniform Guidance (UG) as applicable to a typical nonprofit affordable housing developer and related organizations. It also addresses questions raised by the Strength Matters CFO Working Group pertaining to practical implementation issues.

Read now

Guidance on new and upcoming FASB changes available!

The new accounting and auditing guidance covers the following topics:

  • Prior updates effective in the current year
  • Goodwill impairment
  • Consolidation guidance for NFPs
  • Definition of a business
  • Going concern
  • Pension costs
  • Uniform guidance (Financial discussion paper on UG available here.)
  • Revenue recognition of grants and contracts
  • Land easements
  • Proposed auditors’ report changes
  • Not-for-Profit Advisory Committee highlights

Read the paper here and watch the webinar here. 

2017 Accounting, Auditing and Tax Updates Webinar Slides Available

This webinar dives into accounting and tax developments from 2017 and their impact on the nonprofit affordable housing sector moving into 2018.
 
Presenters Dave Conway and Dan King explain significant accounting standards issued in 2017, the status of several FASB projects currently in process, and potential impacts of the Tax Cut and Jobs Act on nonprofit organizations, including:
• Definition of a business

• Going concern
• Revenue recognition of grants and contracts
• Proposed auditors’ report changes
• Other FASB projects
• Section 199A: the 20% deduction for qualified business income
• Section 163(j): the limitation on business interest

Presenters: Dave Conway, Partner, Novogradac & Company LLP; Dan King, Senior Manager, CohnReznick 

Learning Objective: To understand recent accounting and auditing guidance and its relevance to nonprofit affordable housing developers

 

Jan. 24, 2018 – Annual Accounting Updates Webinar

Join Strength Matters for our annual “must read” webinar for nonprofit affordable housing CFO’s, COOs and lenders outlining the significant accounting standards that changed in 2017.
 
Dave Conway of Novogradac will explain and discuss the status of several FASB projects currently in process and what to be planning for in the next year. 
 
Register here for the January 24, 2018 at 2PM (ET) webinar.