Review and Analysis of LIHTC Partnership Audited Financial Statements - a Seasoned Tax Credit Asset Manager’s Perspective
SKU:
$119.00
$119.00
per item
LIVE WEBCAST
Tuesday, April 18, 2023
2:00 - 3:30 PM EDT
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 50-unit tax credit project known as W. Montgomery, Limited Partnership. From an end-user perspective, the training will cover the typical audit sections: balance sheet, statement of income, statement of partners' equity and statement of cash flows and accompanying notes. As a bonus, Vinnie will demonstrate a basic audit review checklist that computes, among other metrics, net cash flow per unit, debt coverage ratio and economic occupancy; paid attendees will receive a complimentary copy of this Excel spreadsheet along with a PDF handout of the training slides and sample audit.
Is This Training For Me?
This training is not about debits and credits or GAAP principles; the trainer is not a CPA. Rather, this introductory-level webcast is ideal for multifamily professionals that need to understand how to read audited financial statements through what Vinnie calls the "end-user lens":
Vinnie Viola is principal of Birch Island Real Estate Consulting, LLC, celebrating its 10th anniversary in 2023. BIREC provides 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. He received a BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. He completed the certificate in real estate finance program at Boston University’s Metropolitan College.
Please contact Vinnie at vinnie@birchislandrec.com or 617-905-6340 with any questions about this training or your registration.
Image by Masarth Alkhaili at Unsplash.com
Tuesday, April 18, 2023
2:00 - 3:30 PM EDT
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 50-unit tax credit project known as W. Montgomery, Limited Partnership. From an end-user perspective, the training will cover the typical audit sections: balance sheet, statement of income, statement of partners' equity and statement of cash flows and accompanying notes. As a bonus, Vinnie will demonstrate a basic audit review checklist that computes, among other metrics, net cash flow per unit, debt coverage ratio and economic occupancy; paid attendees will receive a complimentary copy of this Excel spreadsheet along with a PDF handout of the training slides and sample audit.
Is This Training For Me?
This training is not about debits and credits or GAAP principles; the trainer is not a CPA. Rather, this introductory-level webcast is ideal for multifamily professionals that need 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
Vinnie Viola is principal of Birch Island Real Estate Consulting, LLC, celebrating its 10th anniversary in 2023. BIREC provides 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. He received a BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. He completed the certificate in real estate finance program at Boston University’s Metropolitan College.
Please contact Vinnie at vinnie@birchislandrec.com or 617-905-6340 with any questions about this training or your registration.
Image by Masarth Alkhaili at Unsplash.com