Review & Analysis of LIHTC Partnership Audited Financial Statements - A Seasoned Asset Manager’s Perspective
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$119.00
$119.00
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LIVE WEBCAST
Thursday, January 16, 2025
2:00 - 3:30 pm EST
About This Webcast
Annually, multifamily housing owners, asset managers and other stakeholders devote hundreds of hours reviewing and analyzing audited financial statements with several key objectives in mind:
Join Vinnie Viola for a 90-minute interactive webcast that digs into the audited financials for a fictitious tax credit project known as Family LIHTC Apartments LLC. From an end-user perspective, this training covers the key sections in a year-end audit: a) Independent Auditors Report; b) four financial statements and c) accompanying notes. As a bonus, Vinnie will demonstrate a basic audit review checklist that calculates, among other metrics, net cash flow per unit, debt coverage ratio and economic occupancy.
Is This Training for Me?
This training is not about debits and credits or GAAP principles; the trainer is not a CPA. This introductory-level webcast is ideal for multifamily professionals that want to understand how to read audited financial statements through what Vinnie calls the "end-user lens":
Please contact Vinnie at [email protected] or 617-905-6340 with any questions about this training or your registration.
About the Presenter
Vinnie Viola is principal of Birch Island Real Estate Consulting, LLC, which celebrated its 10th anniversary in 2023. BIREC provides training and consulting services and training to owners, developers, operators and investors of affordable housing funded with Low-Income Housing Tax Credit (LIHTC) equity. With 30+ years of experience, Vinnie has worked in for-profit, not-for-profit and government organizations that develop, invest in, manage and regulate affordable housing with LIIHTC equity. He has deep expertise in multifamily asset management best practices. Vinnie’s resume includes ten years in various leadership roles at Boston Financial Investment Management and then Boston Capital, where he reviewed thousands of partnership year-end audited financial statements and prepared investor write-ups and risk ratings for the same. From November 2019 to January 2023, Vinnie served as Director of Asset Management for non-profit affordable housing developer, Madison Park Development Corporation. He received a BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. Vinnie completed the certificate in real estate finance program at Boston University’s Metropolitan College.
Image by Masarth Alkhaili at Unsplash.com
Thursday, January 16, 2025
2:00 - 3:30 pm EST
About This Webcast
Annually, multifamily housing owners, asset managers and other stakeholders devote hundreds of hours reviewing and analyzing audited financial statements with several key objectives in mind:
- Confirm compliance with partnership agreement requirements;
- Evaluate project operating performance versus budget and or original underwriting; and
- Flag areas of concern for follow up and resolution in an audit action plan, if necessary.
Join Vinnie Viola for a 90-minute interactive webcast that digs into the audited financials for a fictitious tax credit project known as Family LIHTC Apartments LLC. From an end-user perspective, this training covers the key sections in a year-end audit: a) Independent Auditors Report; b) four financial statements and c) accompanying notes. As a bonus, Vinnie will demonstrate a basic audit review checklist that calculates, among other metrics, net cash flow per unit, debt coverage ratio and economic occupancy.
Is This Training for Me?
This training is not about debits and credits or GAAP principles; the trainer is not a CPA. This introductory-level webcast is ideal for multifamily professionals that want to understand how to read audited financial statements through what Vinnie calls the "end-user lens":
- Asset managers
- Asset management analysts
- Housing agency staff
- Project funders
- Property management staff that report out to project stakeholders
- Non-Profit board members
- Others interested in learning about the basics of audited financials
Please contact Vinnie at [email protected] or 617-905-6340 with any questions about this training or your registration.
About the Presenter
Vinnie Viola is principal of Birch Island Real Estate Consulting, LLC, which celebrated its 10th anniversary in 2023. BIREC provides training and consulting services and training to owners, developers, operators and investors of affordable housing funded with Low-Income Housing Tax Credit (LIHTC) equity. With 30+ years of experience, Vinnie has worked in for-profit, not-for-profit and government organizations that develop, invest in, manage and regulate affordable housing with LIIHTC equity. He has deep expertise in multifamily asset management best practices. Vinnie’s resume includes ten years in various leadership roles at Boston Financial Investment Management and then Boston Capital, where he reviewed thousands of partnership year-end audited financial statements and prepared investor write-ups and risk ratings for the same. From November 2019 to January 2023, Vinnie served as Director of Asset Management for non-profit affordable housing developer, Madison Park Development Corporation. He received a BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. Vinnie completed the certificate in real estate finance program at Boston University’s Metropolitan College.
Image by Masarth Alkhaili at Unsplash.com