Helping you serve communities in need with confidence.
We know that accurate and timely accounting provides your organization with priceless insight, and helps you improve your company’s strategy, management decisions, and internal controls.
The CPAs at Lemler Group have combined experience of over 20 years in the affordable housing industry, and specialize in three areas:
Housing and Urban Development (HUD)
We furnish financial statements formatted according to HUD-prescribed guidelines, file financial statements with the Real Estate Assessment Center (REAC), and prepare tax returns. Additionally, we incorporate the HUD-consolidated audit guide in conjunction with both Government Auditing Standards (Yellow Book) and, where applicable, Uniform Guidance (formerly A-133) for a smooth auditing process.
Our team members will happily provide suggestions and solutions to issues that might arise during the audit.
For properties being refinanced by HUD, we prepare reviewed financial statements or agreed upon procedures within HUD refinancing guidelines.
Low Income Housing Tax Credits (LIHTC) or IRS Section 42 Tax Credit Properties
We provide financial statements and tax return preparation for LIHTC and Section 42 housing properties.
Subject to intense partnership agreements and tax filing deadlines, we know these organizations need CPAs who can turn financial statements around as fast as possible. Lemler Group is dedicated to timely services, and can meet or beat any deadline we give you.
Rural Development (RD)
We prepare financial statements, agreed upon procedures, 3560-07 Project Budgets and 3560-10 Balance Sheets within United States Department of Agriculture (USDA) – RD Handbook 3560 guidelines. To make the process as smooth as possible, we adhere to these requirements in conjunction with Government Auditing Standards (Yellow Book). We can also work with local RD personnel to address areas of concern and questions throughout the process.
In 2018, RD made changes to its criteria to determine which properties need an annual audit. As we work alongside officials from the USDA to clarify their new rule’s language, we also seek to save properties money by strategizing how and when to adopt these changes. If you have any questions, feel free to call us or contact us online.