CAHEC is dedicated to the long-term success of the properties in our tax credit portfolio. Our nationally-certified asset management team closely monitors the financial performance, occupancy, physical condition, and compliance of each one of our properties. Asset management begins immediately after a deal is acquired and continues throughout the construction, lease-up, and operating phase.
Not only do we provide training for all property managers and developers of investments being admitted to CAHEC-sponsored equity funds, we also provide various resources for performance reporting. CAHEC also hosts an annual conference featuring sessions dedicated to property and asset management.
The following information lists the deadlines for Property Managers.
First Quarter Due: April 15
Second Quarter Due: July 15
Third Quarter Due: October 15
Fourth Quarter Due: January 15
Operating Reports are due the 15th of every month following the project’s fully qualified occupancy date.
Tax Return and Schedule K-1’s – February 15:
On or before the above-mentioned deadline, forward a copy of your completed draft tax return to Dixon Hughes Goodman LLP and CAHEC. Also please send your calculation of federal, AMT, and ACE depreciation, if applicable. Do not file the tax return with the Internal Revenue Service until you have received authorization from Dixon Hughes Goodman LLP. A final copy of your tax return will be required by February 28.
Draft Audited Financial Statements – February 15:
On or before the above-mentioned deadline, forward a copy of your draft audited financial statements and the selected workpapers referred to in the Back-up Requirements Checklist of Audits to Dixon Hughes Goodman LLP.
Audited Financial Statements – March 1:
On or before the above deadline, forward a copy of your unbound audited financial statements to Dixon Hughes Goodman LLP. Please do not finalize the audit until you have received authorization from CAHEC.
A second copy of all Tax Return documents should be e-mailed to:
A secured copy of all Audited Financial Statement documents should be e-mailed to:
The preferred format is a secured electronic copy. Hard or paper copies are not necessary.
All Back-up Requirement documents should be mailed or e-mailed to:
CAHEC is pleased to help give our property managers access to all of the resources they need to perform their reporting tasks successfully. For more information about your reporting deadlines, please visit the reporting section above.