AFFORDABLE HOUSING
Giving the Affordable Housing Community an Advantage
Supporting housing stakeholders with a wide range of audit, tax, and advisory services
The Affordable Housing community looks to us to provide:
Specialized Low-Income Housing guidance designed to deal with the complexities of affordable housing
Long-term strategy, from tax credit application through year 15, for housing development success
Excellence in LIHTC Audit, Tax & Accounting services for superior organizational success
Our Services
Audit/Accounting
- Financial statement audits, reviews, and compilations
- Compliance monitoring
- Ten percent carryover certifications
- Cost certifications: Low-Income Housing Tax Credits (LIHTC), historic tax credits, HUD capital advance
- Eligible cost analysis
- Agreed upon procedures
- HUD Real Estate Assessment Center (REAC) submissions
- Due diligence
Tax
- Partnership tax returns (IRS Form 1065, Oregon Form 65)
- Low income housing tax credits
- Historic tax credits
- Business Energy Tax Credits (BETC)
- Tax basis analysis and projections
- Tax credit syndications
- Investor eligible basis projections
- Tax research and planning
Advisory Services
- Year 15 analysis, including evaluation of options and strategies for stakeholders
- Financial projections
- Tenant compliance issues
- Grant compliance assessments
- Cost segregation studies
- Budget preparation and cash flow analysis
- Valuation/appraisal
- Debt services and break-even calculations
- Forensic accounting
Helpful Links
Industry Links
Informational Returns: IRS Form 990 & Oregon Form CT-12
Exempt Organizations – Required Filings (IRS)
Form 990: Return Due Dates for Exempt Organizations (IRS)
Oregon Form CT-12: Return Due Dates – Refer to “Due Date” Section (Oregon DOJ)
Public Inspection Copies of Form 990
2018 Instructions for IRS Form 990 Return of Organization Exempt from Income Tax
2018 Instructions for Oregon Form CT-12
Audit and Assurance Services
2019 Compliance Supplement
Electronic Code of Federal Regulations
Federal Audit Clearinghouse IMS – Look-up Submitted Data Collection Forms
Financial Reporting & Internal Controls
Financial Control Recommendations for Nonprofits (Oregon DOJ)
Not-for-Profit Financial Accounting and Reporting Resources (AICPA)
FASB Not-For-Profit Financial Reporting
FASB Accounting Standards Update No. 2016-14, Presentation of Financial statements of Not-for-Profit Entities
Payroll
Federal Employment Tax Due Dates (IRS)
Oregon Employment Tax Due Dates & Rates
Board Resources
Your Rights, Roles and Responsibilities as a Nonprofit Officer (Oregon DOJ)
20 Question Directors Should be Asking (Oregon DOJ)
Not-for-Profit Governance & Management Resources (AICPA)
Charity Navigator’s Methodology for Rating Charities
