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Budgeting and Forecasting for Nonprofit Affordable Housing Organizations
Budgeting and Forecasting for Nonprofit Affordable Housing Organizations
| Budgeting and Forecasting for Nonprofit Affordable Housing Organizations |
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Nonprofit affordable housing organizations confront daunting dilemmas in preparing annual budgets and mutli-year financial forecasts. Typically, the organization is mid-way in a variety of housing development activities, including many conducted through separate tax credit or single asset entities; is responsible for asset management of multiple operating properties; and has undertaken a variety of resident service and community economic development activities supported through restricted grants.
Pulling together budget projections to incorporate plans and realities for such diverse activities requires collaboration with staff and consultants and integration of information that will impact assets and liabilities with the projections of revenues and expenses that are more commonly found in nonprofit annual budgets. Explore:
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