Chief Financial Officer (55109)

Job DetailsLevel: SeniorJob Location: Elgin Bowes OShea Center - Elgin, IL 60123Position Type: Full-TimeEducation Level: Graduate Degree - MastersSalary Range: $150,000.00 - $175,000.00 Salary/yearJob Shift: DayJob Category: ExecutiveThe Association for Individual Development (AID) is a long-standing, mission-driven nonprofit empowering individuals with developmental, intellectual, physical, and mental health challenges to live lives of dignity, independence, and purpose across the greater Fox Valley and surrounding Illinois communities. Since 1961, AID has provided comprehensive, person-centered services spanning behavioral health care, crisis outreach, developmental disability support, employment services, community integration, and permanent supportive housing for thousands of children and adults.

Today, AID’s impact is visible not only in the lives it touches but in the breadth of its presence across the region. Services are delivered within and through 70 buildings, including affordable housing apartments, single-family homes, community day centers, clinics, and programmatic and administrative spaces. In 2025 alone, AID served 4,800 individuals through these programs, supported by a dedicated team of nearly 750 employees committed to strengthening communities through inclusive care and stable living environments.
To learn more, please visit: https://www.aidcares.org

Role Summary: 
AID is seeking a Chief Financial Officer who will serve as a true strategic partner to the CEO while directly owning and executing the organization’s financial operations. In this role, the CFO helps shape how the organization grows, invests, and advances its mission while remaining accountable for translating strategy into disciplined financial execution. This is a role for a leader who plays an active part in major organizational decisions, including capital renovations, asset purchases, funding strategy, and large-scale operational investments, while personally overseeing the financial analysis, planning, and execution that supports those decisions across a complex, $58M multi-site organization.
 
With significant government funding at the core of AID’s revenue, this CFO will be directly responsible for navigating the nuance, compliance, and rigor that public funding requires. They will personally ensure timely, accurate, and transparent  financial reporting for the Board, leadership, and staff, while strengthening the internal infrastructure that supports sound, organization-wide decision making. AID has thoughtfully transitioned most financial functions in-house, and this leader will oversee the final step of that evolution by bringing preparation of financial statements fully internal from an external partner.
 
Overseeing both Finance and Asset Management, the CFO leads two direct reports and a broader team of approximately 13–15 staff. Reporting directly to the CEO, this is an opportunity for a working CFO  who enjoys operating at both a strategic and hands-on level - someone who can assess what exists, elevate what is needed, remain closely involved in the ongoing management of financial operations, and help position AID for its next chapter of stability, accountability, and growth.

Key Responsibilities Include: 
Financial Stewardship, Risk & Compliance
●    Oversee the overall financial health of the organization, ensuring timely, accurate financial statements and reporting for the Board, CEO, and leadership team.
●    Direct all cash management, investment policies, financing options for large capital expenditures, insurance renewals, risk management, and regulatory and audit compliance.
●    Provide financial oversight for affordable housing developments, including HUD multifamily projects (e.g., 811), IHDA programs, and other state and federal funding resources.
 
Budgeting, Funding & Financial Planning
●    Lead the organization-wide annual budgeting process from development through Board approval, in partnership with program and operations leaders to align financial resources with service delivery.
●    Oversee tracking, allocation, and reporting of government contracts and grants, ensuring proper cost allocation and adherence to funding requirements.
●    Monitor cash flow, reimbursement cycles, and funding timelines to ensure operational continuity across programs.
 
Asset Management & Capital Oversight
●    Oversee and actively manage financial planning related to facilities, renovations, property management, and long-term capital improvements across multiple sites.
●    Evaluate funding strategies and financial feasibility for major asset purchases, capital projects, and infrastructure investments.
●    Work closely with program and operations leaders to support financial decision-making related to staffing, purchasing, and program execution.
 
Finance Team Leadership & Systems Infrastructure
●    Assess and design the optimal finance team structure, personally leading hiring, role design