Chief Financial Officer

Description

About Prospera

Prospera has been empowering families since 1993 by providing safe, high-quality affordable housing with support services to those in need. As a mission-driven, values-based nonprofit, Prospera is committed to fostering family stability and a strong sense of community by addressing individual needs.

At the heart of our work are our core values: integrity, accountability, excellence, commitment, dignity, fairness, and respect. These core values serve as our guiding principles and shape everything we do, from how we serve our residents, to how we support one another as a team. 

At Prospera, every team member plays a vital role in advancing our mission. We welcome passionate individuals who are ready to make a meaningful difference in the lives of others. 

POSITION SUMMARY

The Chief Financial Officer (CFO) serves as a strategic and operational leader responsible for stewarding Prospera Housing Community Services’ financial health, sustainability, and compliance in support of its mission to provide and preserve high-quality affordable housing for low-income communities. Reporting to the Executive Director/CEO and serving as a key member of the senior leadership team, the CFO oversees all financial operations, risk management, and financial strategy across a complex portfolio of housing assets, funding sources, and regulatory requirements.

ESSENTIAL JOB DUTIES/RESPONSIBILITIES: 

Strategic & Executive Leadership

  · Partners with the Executive Director/CEO and Board of Directors to develop and implement long-term financial strategy that supports the organizational mission and growth

  · Provides timely, accurate financial analysis and insights to inform strategic decisions, capital planning, and organizational sustainability

  · Serves as lead staff to the Board, Finance and Audit Committees, preparing materials and presenting financial results and projections

  · Represents the organization through participation in trade and industry associations 

  · Represents the organization by attending meetings and functions held with government, banking institutions, funding agencies and other stakeholders

Financial Management & Reporting

  · Directs all accounting, budgeting, forecasting, and financial reporting functions in accordance with GAAP and nonprofit accounting standards

  · Oversees preparation and monitoring of annual operating budgets, multi-year financial forecasts, and cash-flow projections

  · Ensures accurate consolidation and reporting across multiple properties, entities, and funding streams

  · Prepares corporate budgets with departmental input

  · Develops, publishes and maintains Policy and Procedures Manual for the financial activities of the organization, including documenting and monitoring internal financial controls 

Housing Finance & Compliance

  · Oversees financial management of affordable housing programs, including LIHTC (Low-Income Housing Tax Credits), HUD-funded programs, Section 8, and other public or private funding sources

  · Ensures compliance with federal, state, and local regulations, funder requirements, and partnership agreements

  · Coordinates property-level financial performance analysis, reserve planning, and long-term asset sustainability

Audit, Risk & Internal Controls

  · Leads annual audits and tax filings (including Form 990), serving as primary liaison to external auditors, investors, and regulators

  · Establishes and maintains strong internal controls, risk-management practices, and financial policies and procedures

  · Ensures organizational adherence to best practices in financial governance and transparency

Treasury & Cash Management

  · Manages cash, debt, investments, and banking relationships

  · Oversees financing activities including loans, refinancing, bond issues, and capital structures for housing developments and renovations

  · Monitors covenant compliance and investor reporting requirements

Grants, Contracts & Funding Support

  · Supports grant development and contract negotiations by providing financial models, budgets, and compliance oversight

  · Ensures proper tracking, reporting, and reconciliation of restricted and unrestricted funds

Team Leadership & Operations

  · Leads and mentors finance staff; fosters a collaborative, high-performance culture grounded in accountability and mission focus

  · Creates an atmosphere for open, two-way communications so that Prospera’s financial departments and front-line