ML377
2012 Chief Financial Officers Convening

Westin New Orleans Canal Place
May 7-8, 2012

Senior finance officers from NeighborWorks and other community-based organizations with significant affordable housing portfolios will participate in peer exchanges, in-depth courses, expert presentations and professional networking. This forum is designed to support finance officers in both technical and general financial management issues that are challenging in the world of nonprofit community development. Continuing Professional Education (CPE) credits will be issued for CPAs. Check back here after the Convening for resources and other information.

Program Documents:

Agenda-at-a-Glance

Detailed Agenda

Program Materials:

Monday, May 7:

10:30 – 11:45    CONCURRENT WORKSHOPS

• Operations Management: Financial Performance Metrics* Caroline Horton, Aeon
  Financial Performance Metrics (Horton)
• Capital Structure:  Lessons Learned from Negotiations with Lenders* Dana Moore, Compass Advisors
  The Lender as Partner and Enforcer (Moore)
• Rental Portfolios:  Maximizing Performance   Jeff Reed, Community Housing Partners
  Rental Portfolios  - Maximizing Performance New Orleans 2012  (Reed)
• Risk Management:  Insurance and Liability   Steve Sachs, Willis Group
  Risk Management (Sachs)

1:00 – 1:50     CONCURRENT PEER EXCHANGE

• Strategic Presentation of Financial Statements: Asset Impairment Issues*  David Conway, Novogradac & Co; Valorie Schwarzmann, Columbus Housing Partnership
  Asset Valuation Guidance (Conway)
• Performance Incentive Systems*  Jeff Reed, Community Housing Partners
  New Orleans Incentive Workshop (Reed)
  Property management incentive sheet (Reed)
• Dashboard for Executive Directors and Boards*  Alesia Martin, Thistle Communities; Chris Cherry, Homes for America
  NeighborWorks NE Nebraska Dashboard (Martin)
  Utopian CDC dashboard (Martin)
  CCDC Dashboard  (Martin)
  Reach Dashboard (Martin)
  Thistle Dashboard (Martin)
  Aeon Dashboard_1 (Martin)
  HFA Dashboard 03-31-12 (Cherry)
• Using Data Tools – Strength Matters Data Warehouse   Lynda Ose, Strength Matters; Elba Marcillo, Nuestra Communidad;  Joan Cook, REACH
  Strength Matters (Ose)
• Maximizing your Capital Structure Ratios: Key Benchmarks from and Investors Point of View   Mary Vasys, Vasys Consulting
  SM Survey_Lender_CFO_Benchmarks (Vasys)
• Personnel Management: PEO and Strategies for Saving Money  David Keene, The Neighborhood Developers, Inc; Sal Bosco, Urban Edge
  Personnel Management (Keene & Bosco)

2:00 – 3:15     CONCURRENT WORKSHOPS

• Operations Management: Financial Performance Metrics* Caroline Horton, Aeon
  Financial Performance Metrics
• Capital Structure: Lessons Learned from Negotiations with Lenders* Dana Moore, Compass Advisors
  The Lender as Partner and Enforcer (Moore)
• Property Management: Self Managed or Third Party  David Fromm, NeighborWorks America
  Best Practices Report (Fromm).pdf
  Estimating the Cost of Self Management (Fromm)
  Self Managment CFOhn[1] (Fromm)
  RFP for Property Management Services
  RFQ Property Manager
• Loan Portfolios: Servicing and Collections   Tom Seel,  FAHE
  Loan Portfolios (Seel)

3:30-4:20     CONCURRENT PEER EXCHANGE

• Strategic Presentation of Financial Statements: Asset Impairment Issues*  David Conway, Novogradac & Co; Valorie Schwarzmann, Columbus Housing Partnership
  Asset Valuation Guidance (Conway)
• Performance Incentive Systems*  Jeff Reed, Community Housing Partners
  Rental Portfolios  - Maximizing Performance New Orleans 2012  (Reed)
• Dashboard for Executive Directors and Boards*  Alesia Martin, Thistle Communities; Chris Cherry, Homes for America
  NeighborWorks NE Nebraska Dashboard (Martin)
  Utopian CDC dashboard (Martin)
  CCDC Dashboard  (Martin)
  Reach Dashboard (Martin)
  Thistle Dashboard (Martin)
  Aeon Dashboard_1 (Martin)
  HFA Dashboard 03-31-12 (Cherry)
• HUD Section 8   Dena Xifaras, POAH
  Recent HUD Policy Changes: What Does This Mean for Our Properties? (Xifaras)
  Financial Property Steady State HUD Changes Examples (Xifaras)
• Issues in Consolidating Statements   Gayle Harrold, Madison Park
  Issues in Consolidating Statements (Harrold)
• NeighborWorks Audits and Organizational Assessments  Kent Hawkins, NeighborWorks America
  NeighborWorks Audits (Hawkins)
• REO: Financial Management Issues   Ascala Sisk, NeighborWorks America
  No materials

Tuesday, May 8:

8:30 – 11:00     PRESENTATIONS, DISCUSSIONS AND CLINICS

• Tax Credit Accounting*  - Winell Belfonte, John Mackey, The Reznick Group
  Tax Credit Accounting (Belfonte, Mackey)
• Cash Flow Projections for Corporate Financial Management*  Joanne Wilson, SJ Associates; Caroline Horton, Aeon
  Elements of a Cash Flow Projection (Horton)
  NeighborWorks Training CF NOLA (Horton)
• Performance Scorecards: Managing Change by Line of Business  Fred Alsup, Fred Alsup & Associates
  Performance Scorecards - Managing Change by Line of Business (Alsup)
• Investor Relations: Management Discussion and Analysis Letter Clinic  Scott Seamands, Lindquist, von Husen & Joyce LLP accounting
  Investor Relations (Seamands)

1:00 – 3:30    PRESENTATIONS, DISCUSSIONS AND CLINICS

• Tax Credit Accounting*  - Winell Belfonte, John Mackey, The Reznick Group
  Tax Credit Accounting (Belfonte, Mackey)
• Cash Flow Projections for Corporate Financial Management*  Joanne Wilson, SJ Associates; Caroline Horton, Aeon
  Elements of a Cash Flow Projection (Horton)
  NeighborWorks Training CF NOLA (Horton)
• Cost Containment in Real Estate Development and Operations   Helen Dunlap, Dunlap Consulting
  Eviction Prevention as Cost Containment (CHP Research Paper)
• Non-Performing Mortgage Loan Assets   Eric Haralson, FAHE
  0 - Agenda
  1 - Introduction
  2 - Loan Policies & Procedures
  3 - Single Family
  3a - Foreclosure Dates
  4 - Commercial Loans
  4a - Financial Statement Spread Sheet (2 pages only)
  5 - Risk Management Systems
  6 - Risk Rating Systems
  6a - Sahad Table Exercise - Loan Loss Reserve
  6b - Rating Exercise - SAHAD Spread & Ratios
  6c - Risk Grading System.pdf
  6d - Risk Rating - Rev 3-2012
  7 - Loan Loss Accounting
  8 - The Watch List and Problem Assets
  8a - Non-Profit Developer Exercise
  8b - Single Family Exercise

*Presentations marked with an “*” were delivered twice during the convening.