Articles

HUD-ORCF Lean 232 Program

On May 28, 2014 The Office of Residential Care Facilities (“ORCF”) announced the publication of Handbook 4232.1. This handbook covers the Section 232 Healthcare Mortgage Insurance Program and was created to be a comprehensive guide to the Section 232 program.  As of September 1, 2014, the new requirements in this publication will apply to new applications […]

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Managing Vendor Risk

It’s not uncommon for nonprofits with limited resources to use outside vendors to provide certain services and to help accomplish certain goals. However, there are risks involved. Not all vendors are reputable. If you become involved with an unscrupulous vendor or third-party contractor, your organization’s good reputation could suffer by association. Unfortunately, bad publicity may […]

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Gifts-in-kind: Should You or Shouldn’t You Accept?

What’s that saying about not looking a gift horse in the mouth? With lukewarm growth in total giving — only 1.5% in 2012* (adjusted for inflation) — it’s hard to imagine turning down a gift. However, noncash gifts-in-kind can present problems. Gifts that aren’t suited to your mission, for example, or gifts that come bearing […]

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IRS to Release Easy-to-Use Form 1023-EZ in Summer

Good news for small organizations seeking tax exempt status! The IRS recently released a draft version of a new and user-friendly Form 1023-EZ and according to the IRS, most small organizations seeking tax-exempt status will be eligible* to use this new Form 1023-EZ. This form is shorter and less complex than the original Form 1023. […]

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