Collection of tenant rents, security deposits, and other required monthly payments.
Record all payments received and maintain accurate reports of same.
Deposit collected rents in the Development bank account and maintain accurate reports of same.
Process Accounts Payable promptly to secure project-related discounts if applicable.
Prepare Financial Statements in accordance with HUD Requirements.
Review any and all expenses for Development to ensure accurate recording.
Review all costs for potential savings and/or need for review or new vendor consideration.
Maintain appropriate files to ensure compliance with Federal and State requirements for EIN registration and proof of insurance.
Prepare and submit all 1099 year-end filings.
Maintain fixed asset data base.
Assist in preparation of the annual Development budget through identification and reporting of anticipated Development operating budget demands and capital improvement needs.
Schedule year end fiscal year audit with Owner approved audit firm.
Work with Audit/Tax firm to ensure timely and successfully filing of year-end tax returns or 990 as applicable.
Prepare all required audit documents and required work papers.
Maintain successful and cooperative relationship with all vendors and audit firm.