Finance & Planning

It briefly reviews the federal law that offers minimal protection for volunteers and explains why, for most nonprofits, directors and officers liability insurance is a valuable risk financing tool.

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This Package is focused on helping Directors and Officers (D&Os) of Housing Providers better appreciate their unique oversight responsibilities and provide guidance on managing potential risks associated with the role.

The goals listed below are not mandatory and are meant to provide an example of the types of activities you might already be doing that could be included in your...

A good strategic plan pulls all of these elements together and provides a checkpoint to ensure that financial decisions, operating decisions, and policies align with the organization's mission, vision, values,...

Boards can be resistant to thinking strategically. Some find it easier to focus on short-term thinking and safe topics.

A feasibility study is an important step in business development.

This is the fundamental legal, or statutory, duty of board members. It is called the duty of loyalty, or more commonly, the fiduciary duty. “Fiduciary” is an old English word...

Does your organization have one finance committee that carries out all of the duties associated with financial oversight? Or do you have separate finance, audit, and investment committees?

The nonprofit community in the United States is well established with commonly accepted practices and government-required standards.

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A capital replacement reserve plan is a strategy for keeping your co-op in good repair into the future.

The goals listed below are not mandatory and are meant to provide an example of the types of activities you might already be doing that could be included in your...

Nonprofit boards need up-to-date financial information to make informed decisions. But not every board member arrives with a deep appreciation for, or even a passing familiarity with, financial reports.

Developing and adopting a written financial policy is a valuable practice for any nonprofit organization, regardless of its size. Financial policies clarify the roles, authority, and responsibilities for essential financial...

In most cases, an association's board of directors has the authority to adopt special assessments without requiring a unit owner vote, subject to limited veto rights for unit owners.

The objective of this policy is to outline various standing orders related to the organization's finances.

The Chartered Accountants of Canada recommend the following questions be used by a Board of Directors in reviewing their financial statements.

Housing co-ops can contact the Co-operative Housing Federation of BC (CHF BC) to inquire about workshops on policy development and access their resource library, which includes sample policies. Both organizations...

The final report of the Commission on Cooperative and Mutual Housing (Bringing Democracy Home)1 highlighted the need for consideration of the role that cooperative and mutual housing could play in the national...

A cooperative uses capital to finance its operations, cover operating expenses, and invest in fixed assets, such as buildings and equipment.

This 2013-2018 Weavers Way Co-op Five-Year Strategic Plan builds upon the 2007-2010 Strategic Plan and combines an analysis of the present with imagination for the future. This document comprises external...

“An organization needs a road map to reach its destinations. A strategic plan guides volunteer leaders, committees, and staff to fulfill the mission, vision, and goals.”

Your co-op is required to conduct an annual income review for all households receiving rental assistance. However, for households with fluctuating income, you may choose to review household income more...