Alternate content for script

NeighborWorks Chief Financial Officers (CFO) Convening (Course # ML477)

May 4 - 6, 2016 - Los Angeles NeighborWorks Training Institute

California Ballroom, Level 2 – LA Hotel - 333 S Figueroa St
 
As one of the only community development CFO gatherings of its size in the country, the NeighborWorks CFO Convening provides peer exchange opportunities, expert presentations and professional networking with over 125 CFOs and financial managers each year. Participants will acquire knowledge from community development experts regarding technical and general financial and business management issues. Intermediate and Advanced level sessions offered.
( All Sessions – Group Live Presentation – Total CPEs Available: 15.0 )

Please read this document for additional information about the event including topics and policies.

Presentations posted prior to the Convening are in DRAFT form and may be edited before the event.

Download the detailed agenda
 

Day One: Wednesday May 4, 2015 (6.5 CPEs available)

8:30 a.m.  OPENING
The Function and Leadership Role of the CFO in a  Dynamic Business Environment
 
8:40 a.m.  PLENARY & PRIMER (1.5 CPE)
SEEING AROUND THE CORNER: The Role of the CFO in a Dynamic Business Environment
Moderator: Frances Ferguson, NeighborWorks America
  • Leonard Williams, NeighborWorks America
  • Kathy Rock, Low Income Investment Fund
  • Gayle Harrold, Madison Park Development Corporation.
Field of Study: Business Management and Organization
Learning Objective: Discuss trends and changing business practices confronting the CFOs of community developers.
Level: Intermediate

9:40 a.m.
A Primer on Key Functions in Financial Management
  • Helen Dunlap, Dunlap Consulting
10:00 a.m. BREAK
 
10:20 – 11:45 a.m.
WHAT SUCCESS LOOKS LIKE: Working with Partners, Colleagues and Investors 
SMALL GROUP SESSIONS  ( 1.5 CPE )
Real Estate Development  Team
  • Paul Sussman, Tenderloin Neighborhood Development Corporation
  • Fred Lazare, Avenue CDC
Auditors & Financial Team
  • Scott Seamands, Lindquist, Von Husen and Joyce
The Executive Team
  • Peg Freeman, Nevada HAND
  • Corinne Morrison, Eden Housing
Lenders As Business Partners
  • Paula Planthaber, NeighborWorks America
  • Ben Greenberg, Community Housing Capital
Fund Development
  • Kathy Rock, Low Income Investment Fund
  • Mike Monte, Champlain Housing Trust
Field of Study: Business Management and Organization
Learning Objective: Describe and discuss approaches to structuring successful relationships with key business partners.
Level: Intermediate
 
11:45 a.m. - 12:30 p.m.  LUNCH (Lunch provided)

12:30 – 1:45 p.m.    Advisors Panel Discussion   ( 1.5 CPE )
Moderator: Helen Dunlap, Dunlap Consulting
  • Mary White Vasys, Vasys Consulting
  • Dana Moore, Compass Advisors
  • Eric Hangen, I2 Community Development Consulting
  • Len Tatem, Tatem Consulting
Field of Study: Business Management and Organization
Learning Objective: Explain and discuss the factors leading to productive engagement with financial consultants.
Level: Intermediate

1:45 – 2:00 p.m.    BREAK
 
2:00 – 4:00 p.m.
Lessons from the Field: Raising the CFO’s Voice for Business Model Problem Solving
SMALL GROUP SESSIONS  ( 2 CPE)

TWO rounds of same sessions below
 
Heeding the warning signs: acting before it’s too late
  • Valorie Schwarzmann, Homeport
  • Dana Moore, Compass Advisors
Business collaborations: managing mid-course corrections
  • Erich Nakano, Little Tokyo Service Corporation
Applying the CFO lens to re-vision business lines
  • Brian Kay, Community HousingWorks
  • Frances Ferguson, NeighborWorks America
What to do when it’s already too late
  • Matt Huerta, NHS Silicon Valley
  • Kymberly Prouty, NHS Silicon Valley
  • Helen Dunlap, Dunlap Consulting
Field of Study: Business Management and Organization.
Learning Objectives: Describe and compare specific examples of the crucial role of CFO input into strategic organizational decision making.  
Level: Intermediate

4:00 – 4:15 p.m.     WRAP UP 

Day Two: Thursday May 5, 2015 (6 CPEs available)

8:30 a.m.     OPENING
  • Frances Ferguson, NeighborWorks America

9:00 a.m.     PLENARY
Cyber Risk: What are the Risks and How to Manage Them ( 1 CPE )
  • Scott Greene, Senior Technology Examiner, Evidence Solutions, Inc.
Field of Study: Business Management and Organization
Learning Objectives: Define cyber security, and explore foundational cyber security principles, risk management, attacks, incidents, and emerging IT technologies that identify and minimize inherent risks.
Level: Intermediate

9:50 a.m.     Break

10:15 – 11:30 a.m.      PRESENTATION SESSIONS  ( 1.5 CPE )
Growing Two Lines of Business (Lending and Real Estate) Simultaneously
  • Kevin Smith, Community Ventures  handout
  •  Jason Lee, Community Ventures
Field of Study: Business Management and Organization
Learning Objectives: Outline and discuss the business drivers and business risk concerns in managing the growth of two major lines of business simultaneously.
Level: Advanced

RENTAL: Using Your Portfolio to Improve Your Cash Position - When and How to "Harvest" Cash
Field of Study: Business Management and Organization
Learning Objectives: Outline and discuss the methods for evaluating properties for their potential  to yield cash upon sale or refinance, and the additional risks to be managed in making this real estate decision.
Level: Advanced

Cyber Risk Café with Scott Greene
  • Scott Greene, Evidence Solutions, Inc.
Field of Study: Business Management and Organization
Learning Objectives: Discuss specific cases of managing cyber risk.
Level: Intermediate

STRENGTH Matters - Presenting Your Financial Reports
Field of Study: Accounting
Learning Objectives: Explain, illustrate and discuss how to present financial statements according to STRENGTH Matters® best practice papers to improve investor/lender understanding of your organization.
Level: Intermediate

11:30 a.m. – 1:00 p.m.    LUNCH
THE IMPACT US PLATFORM FOR IMPACT INVESTORS
  • Paul Weech, CEO, NeighborWorks America
  • Liz Sessler, Client Advocate, ImpactUs  presentation

1:00 – 2:15 p.m.     PRESENTATION SESSIONS     ( 1.5 CPE )
LENDING: An Introduction to Aeris Ratings
  • Mary White Vasys, Vasys Consulting
  • Lynn Hansen, AERIS handout  presentation
  • Cathy Williams, NeighborWorks Columbus
Field of Study: Business Management and Organization
Learning Objectives: Explain and discuss the benefits and costs of seeking AERIS RATING for your CDFI.
Level: Intermediate

RENTAL:  Cost Containment and HPN Select for Procurement
Field of Study: Business Management and Organization
Learning Objectives: Explain and discuss the use of HPN Select to improve cost effectiveness of your procurement of maintenance and construction supplies.
Level: Intermediate

When the CFO Wears the HR Hat
Field of Study: Personnel/HR
Learning Objectives: Define the components of a Human Resource Department. Identify the critical steps for good policy development. Discuss the federal rules that govern your organization and how to implement them. Compare your hiring practices to best practices. Examine the pending DOL wages policies and discuss how it could affect your organization.
Level: Intermediate

STRENGTH Matters – Tax Issues
  • Winell Belfonte, CPA  presentation
  • Laura Wilder, CPA, CohnReznick
Field of Study: Taxes
Learning Objectives: Identify common tax issues relating to the sponsorship and operation of affordable housing entities and proactively & timely respond/react to them with the assistance of their respective tax advisor.
Level: Intermediate.

2:15 p.m.     Break                

3:00 – 3:50 p.m.      PRESENTATION SESSIONS  ( 1 CPE )
LENDING: Who's Behind the Wheel of Your Capitalization Strategy
  • Tom Jacobi, HomeSight  presentation
  • Liz Sessler, ImpactUs
Field of Study: Finance
Learning Objectives: Discuss pros and cons of capital currently available for CDFIs. List the keep ingredients in a capital plan. Compare a capitalization strategy to a capital plan. Identify new sources of potential capital from small group discussions. 
Level: Intermediate

PEER EXCHANGE RENTAL:  Year 15 Jam Session
  • John Kelley, Cambridge NAHS  handouts  presentation
  • Len Tatem, Tatem Consulting
  • Jeff Reed, Community Housing Partners
  • Bob Taylor, Morgan Stanley
Field of Study: Specialized Knowledge & Applications
Learning Objectives: Explain and compare experience, and identify best practices, in executing tax credit year 15 exit strategies.
Level: Advanced

Cash Forecasting - How to Right-Size Your Effort to Your Circumstances. How much detail is needed? How many years should I forecast?
  • Dana Moore, Compass Advisors
  • Frances Ferguson, NeighborWorks America
Field of Study: Specialized Knowledge & Applications
Learning Objectives: Explain and discuss the various levels of cash forecasting and the business drivers behind the decision of what level of cash forecasting is needed for your organization.
Level: Intermediate

STRENGTH Matters: FASB Standards Update
  • David Conway, Novogradac & Co.  presentation
  • Valorie Schwarzmann, Homeport
Field of Study: Accounting
Learning Objectives: Identify proposed FASB changes for nonprofit financial reporting; discuss the implications for nonprofit housing organizations.
Level: Advanced

4:00 – 4:50 p.m.     PRESENTATION SESSIONS ( 1 CPE )                                                                         

LENDING: CFO of a CDFI: Need to Know/Nice to Know
  • Becky Rey, Portland Housing Center  handout
  • Lisa Scrivner, NeighborWorks Columbus
Field of Study: Business Management and Organization
Learning Objectives: Identify unique aspects of being the CFO of a CDFI, and discuss the challenges that designation brings. Compare CDFI and non-CDFI approaches to CFO tasks/responsibilities.
Level: Intermediate

RENTAL: Naturally Occurring Affordable Housing - The Lessons of Unsubsidized Housing
  • Sarah Geis, NeighborWorks Capital
  • Ben Greenberg, Community Housing Capital
  • Kevin Myren, CommonBond Communities
  • Len Tatem, Tatem Consulting
Field of Study:  Specialized Knowledge & Applications
Learning Objectives: Describe and discuss the different risks being managed in acquisition and preservation of “Naturally occurring affordable housing” - development, land banking and organizational impact.
Level: Intermediate.


IMPACT INVESTING: Raising Capital from Private Investors - The ImpactUs Platform

  • Liz Sessler, ImpactUs
  • Bob Taylor, Morgan Stanley  presentation
Field of Study:  Finance
Learning Objectives: Explain and discuss the requirements for seeking capital from private investors. Explain the ImpactUs platform.
Level:  Advanced

Setting Up Financial Reports and Dashboards by Line of Business for Boards of Directors
Field of Study: Business Management & Organization
Learning Objectives: Examine different approaches to defining your Lines of Business. Identify key components and best practices for Lines of Business Reporting. Define which reports provide the most useful information to the Board of Directors, Committees, & Management. Discuss the pros and cons of Dashboard Reporting.
Level: Intermediate

4:50 p.m.     ADJOURN

5:30 – 7:30 p.m.     RECEPTION
FAR BAR – 347 E 1ST St.  Ph: 213-617-9990
Join us at this local spot! Far Bar is a commercial tenant of our friends the Little Tokyo Service Center.  Little Tokyo Service Center is the managing general partner of the Far East Building, the historic building in which the bar/restaurant is located. Above the restaurant are 15 low-income apartment units.
No-host bar; reception snacks provided.

Day Three: Friday May 6, 2015 (2.5 CPEs available)

8:30 a.m. – 9:45 a.m.     PRESENTATION SESSIONS     ( 1.5 CPE )
LENDING: Getting Capital Investors/Lenders to Streamline Indicators and Covenants
  • Richard Campbell, Hope Enterprises  presentation
  • Jacki Robinson, New Jersey Community Capital  presentation
  • Mary White Vasys, Vasys Consulting
  • Wells Fargo Investment Manager (TBD), Wells Fargo
Field of Study: Finance
Learning Objectives: Examine how a CDFI can get their investors to discuss lending agreements and negotiating requirements. Identify the most common covenants and indicators used by CDFIs during capital negotiation and which ones a bank has recently “eased”. Compare individual CDFI solutions to the grip of indicators and covenants and how another CDFI might use these in their business.
Level: Intermediate.

FOR SALE HOMEBUILDING: Cash Forecasting Tools That Are Easy for Grantors and Lenders to Understand                
Field of Study: Business Management and Organization
Learning Objectives: Discuss the information needs of lenders/grantors regarding for sale development projects; Demonstrate and discuss sample cash forecasting tools for these projects.
Level: Intermediate

Cash Planning - How Much Cash is Enough?  A Discussion of Cash Reserves for Various Purposes
  • Ann Clift, Foundation Communities  presentation
  • Len Tatem, Tatem Consulting
Field of Study: Finance
Learning Objectives: Explain and discuss the various needs for cash reserves and the drivers that determine the sizing of those reserves.
Level:  Advanced

Succeeding with NW's Organizational Review Process
  • Kevin Morris, OAD, NeighborWorks America with NWO CFOs  presentation
  • Rey Jaquez, Affordable Homes of South Texas, Inc.
  • Paul Sussman, Tenderloin Neighborhood Development Corp.
  • Alicia Nuñez, Chicanos Por La Causa, Inc.
Field of Study: Specialized Knowledge & Applications
Learning Objectives: Explain and discuss the NeighborWorks Organizational Assessment process. 
Level: Intermediate

10:00 a.m. – 10:50 a.m.     PRESENTATION SESSIONS     ( 1 CPE )

INSIGHTS from the SUSTAINABLE HOMEOWNERSHIP PROJECT (SHP): Financial Management for the Entrepreneurial Nonprofit
Field of Study: Specialized Knowledge & Applications
Learning Objectives: Explain and discuss the lessons learned from SHP in driving to profitability in the homeownership line of business.  Participants will be exposed to some practical tools and standards for quantifying the costs to delivering services and for growing earned income in an effort to be less reliant on grants and philanthropy.
Level: Intermediate.

RENTAL DISCUSSION:  How to Manage Real Estate Development Pipeline Risk 
Field of Study: Business Management and Organization
Learning Objectives: Outline and discuss the risk factors in real estate development and how to manage them in the pipeline of multiple development projects. 
Level: Advanced

PEER EXCHANGE:  Selecting Software - Results of Our Software Survey
  • Joanne Wilson, SJ Associates
Field of Study: Business Management and Organization
Learning Objectives: Discuss and compare the automated systems being used to manage your business functions.
Level: Intermediate

10:50 a.m.     WRAP UP / EVALUATIONS / IDEAS FOR NEXT YEAR