Analytical Review Project

In 2005 and 2007 AHACPA undertook a project to collect Multifamily operating data from REAC filings submitted to HUD.  We collected operating data on over 800 and 1,400 HUD-approved entities, respectively.  That data was made available without charge to all who participated in the project.

We will be collecting that data again (2008 year-ends) in the next month.  One of the areas we are focusing on this year is audit fees.  Given the increase in procedures required by the Guide in 2008, we are very interested in obtaining data in relation to these increased procedures.  It is hoped that such data will be useful in discussions with HUD regarding future adjustments of the Guide.  AHACPA will compile the data and provide summarized results by state, region and unit size.  Those that provide us data will receive the summary at no charge.  At no time will any confidential information such as name, tax ID number, or FHA contract number be entered into the database. All information collected will remain anonymous.

To participate in the project please send us your 2008 year-end profit & loss information from the REAC submission.  We will need you to provide the following information for each entity:

1. Entity Type (non-profit, profit-motivated)

2. State where the entity is located

3. Number of units or nursing home beds

4. Type of HUD assistance (i.e., Section 8, Section 202, Section 232, Section 221(d)(4),

5. Audit fees (if not already listed in line item 6350 on the REAC submission

1. What is the deadline for sending information to AHACPA?
   
   We will accept information through July 10th
   
   
2. Can I just send you pages from the actual financial statements instead of the REAC submission?
   
   The information must be in the format of the REAC submission. We can use pages from your financial statements if you have all of the line items numbered and, follow the correct chart of accounts.  Make sure to still include the 5 items listed above.
   
   
3. How can I get my information to you?
   
   After preparing the REAC submission pages with the 5 additional items as listed above, send the information to AHACPA:
   • Scan and email to kathy@ahacpa.org
   • Fax to 801-547-5070
   • Mail to 459 North 300 West, Suite 11, Kaysville, UT 84037
     
     
4. AHACPA does the data entry for my REAC Submission(s).  Do I need to send you the information again?
   
   No.  We can use the information from your file.  HOWEVER, we do need you to send us a quick note/email saying you give us permission to use your REAC Submission.
   
   
5. What format is the analytical review information presented?
   
   You can view the analytical review information from 2007 by going to this link: http://www.ahacpa.org/analytical.asp
   
   
6. Will you be collecting information on HUD-approved lenders/brokers that submit financial information through HUD's LASS system?
   
   Not at this time.  We are currently focusing on collecting HUD multifamily housing data only