The Single Audit threshold went from $750K to $1M, and I keep seeing the same wrong conclusion: “Great, we’re under $1M now, we’re off the hook.” You’re not. The audit requirement going away does not mean the compliance requirement went away. Procurement standards, subrecipient monitoring, allowable cost rules, records retention — all of it still applies the moment you spend a federal dollar. The threshold only changes whether an auditor comes to check your work. It does not change whether the work has to be done. So the orgs treating this as a free pass are quietly building two or three years of findings that nobody is catching yet. And federal money is cyclical. The year you cross back over $1M — and a lot of you will — that auditor is going to open a file with no clean trail behind it. Lower threshold, same rules. Don’t confuse “not audited” with “compliant.” #SingleAudit #Nonprofits

June 30 is around the corner, which means a lot of nonprofits are about to close their books on the fiscal year. Here’s the move most organizations miss: the close isn’t just an accounting task. It’s your last clean look at where you stand before the auditors show up. Use it. While you’re reconciling and finalizing, you’re already touching every account that matters. That’s the moment to ask the harder questions. Is the support actually there for the estimates you booked? Are the federal expenditures classified correctly for the SEFA? Did that finding from last year actually get fixed, or did we bypass it for more pressing issues? Are there reconciliations that have been “we’ll deal with it later” all year? The organizations that treat year-end close as a dry run for the audit walk into fieldwork calm. The ones that treat it as just getting the books shut spend August scrambling to reconstruct what they could have caught in July. You’re already doing the work of closing. Spend a little extra effort now and let it double as audit prep. Your future self, three months from now, will thank you. #Nonprofits #SingleAudit

Every $1 in Capital Magnet Fund grants historically generates $34 in total investment. Over $500M is sitting at Treasury right now. Releasing it would help move the needle on housing affordability. Our letter: naahl.org/news/naahl-85-orga…

NAAHL President & CEO Sarah Brundage joined the Housing Problem Podcast to talk housing policy, the federal role in solving our shortage, and the 21st Century ROAD to Housing Act. Worth a listen: podcasts.apple.com/us/podcas…

By connecting private capital to serve community needs, Community Development Financial Institutions (CDFIs) are indispensable to a financial system that works for every community. Here’s how they work:

During #WashCon25 Capitol Hill Day, I was thrilled to present NAHRO’s Legislator of the Year award to @RepLaHood. We appreciate your work on the #AffordableHousing Credit Improvement Act and the Preserving Rural Housing Investment Act. Thanks for being a #Houser on the Hill! -MT

Last night, FY 2025 ended without Congress passing an FY 2026 appropriations package, triggering a government shutdown. NAHRO has updated its shutdown resource page with the latest information, and HUD’s most recent contingency plan is on the HUD website. Read more: nahro.org/news/congress-fail…

As the firm takes a break for #thanksgiving2023, I reflected back on the amazing month of #NABAconferences, #DDC23, new hire trainings, and a team event and I’m #Thankful for the great people within my firm #CohnReznick!! #CRproud is an understatement!! #CPALife #Accounting