Salary & Benefits: The salary for this position is $95,000. Benefits include group health (100% employee premiums/50% dependent premiums), dental, vision and life insurance as well as short and long-term disability insurance. In addition, HAC offers a 3% matching contribution annually towards a retirement plan, 15 days of vacation, 2 personal days, 10 sick days and 12 paid holidays.
Career Opportunity
Housing Assistance Corporation seeks a finance professional with nonprofit housing expertise to serve as its Chief Financial Officer (CFO). The ideal candidate will have at least 5 years of proven leadership in a senior financial role in a nonprofit organization, with a minimum of 4 years of supervisory experience in a management position.
Mission: Housing Assistance Corporation (HAC) is a non-profit organization committed to providing safe and affordable housing for persons of limited income living in Henderson County, North Carolina, and surrounding areas. HAC believes every human being deserves the opportunity to live in a decent home.
Reporting Structure: The CFO reports to the CEO and supervises an Assistant Director of Finance and a Program Accountant.
Total Staff & Budget: 29 staff members and an annual budget of $10M.
Salary & Benefits: The salary for this position is $95,000.Benefits include group health (100% employee premiums/50% dependent premiums), dental, vision and life insurance as well as short and long-term disability insurance. In addition, HAC offers a 3% matching contribution annually towards a retirement plan, 15 days of vacation, 2 personal days, 10 sick days and 12 paid holidays.
Working Environment/Location: In Office/Hendersonville, NC
Key Responsibilities of the CFO
The CFO is a member of the executive leadership team with overall responsibility for the financial strategy of the organization. Working as a collaborative leader, the CFO manages and reports on all fiscal and fiduciary affairs of the organization, including reporting to investors, lenders, grantors, and government agencies; cash and investment management; budgeting and forecasting; and managing the day-to-day operations of the accounting department with the support of the Program Accountant and the Assistant Director of Finance.
Organizational Strategy:
Together with the CEO and executive leadership team, develop the strategy to ensure the organization has the capacity and financial resources needed to achieve its current and future goals, while mitigating financial and operational risk
Serve as a key advisor to the Board of Directors, and convener of the Finance Committee
Ensure accurate grant budgeting, cost allocation, revenue recognition, reimbursement requests, and financial reporting
Supervise the Program Accountant on managing project budgets for single family housing and tracking payments for all programs
Supervise the Assistant Director of Finance on day-to-day operations including month and year end close, accounts receivable and payable, financial reports, payroll, invoicing, cash receipts, and disbursements
Develop and maintain effective working relationships with key financial partners including funders, investors, partners, government agencies, consultants, and vendors
Financial Management & Reporting:
Oversee organizational budgeting, accounting, and cash management to ensure accurate reporting, interpretation, and analysis of financial results in conjunction with forecasts and long-range plans
Ensure the integrity, accuracy, and timeliness of all financial records and reports in accordance with GAAP and nonprofit best practices including strong internal controls, risk management practices, and financial governance across the organization
Oversee and support the preparation of the annual consolidated corporate single audit (for state and federal grant funding) and tax returns
Complete timely financial statements and reports on transactions and/or information requests
Oversee payroll and benefit administration
Manage and monitor the organization’s cash flow and real estate development capital needs
Budgeting, Planning, & Organizational Finance
Play a lead role in the development, monitoring, and long-term planning of the organization’s operating and program budgets
Partner with program, construction, rehab, and development teams to ensure sound financial planning, cost control, and financial accountability across all initiatives
Oversee financial management of construction, infrastructure, and housing development projects in coordination with project leadership
Provide high-level financial analysis, scenario modeling, and decision support to leadership and the board as needed
Real Estate Development & Asset Management:
Work collaboratively with the CEO and the leadership team to review potential acquisitions, debt, equity and public subsidy proposals and partnership/operating agreements
Work with the Private Placement Memorandum (PPM) to manage multi-family properties and make decisions with respect to asset management
Review key legal agreements, including mortgages, loan documents, subordination agreement and guarantees as part of a financing and construction loan closing that may involve Low Income Housing Tax Credits, Historic Tax Credits, bond financing, public subsidies, and contracts, and/or private debt
Work closely with leadership to prepare and issue funding requisitions for all real estate development projects under construction
Ensure that equity draws, project cost certifications and other specialized reporting to investors and government agencies are completed accurately and timely
Work with leadership to review and analyze performance indicators and forecasts of the organization’s rental housing portfolio
Work with several Low-Income Tax Credit investors and lenders as they monitor operating performance and compliance of the affordable housing portfolio
Review loans and investments and manage a revolving loan fund for real estate development activities as needed
Board & Committees:
Attend all Board of Directors meetings
Coordinate activities of the Finance Committee including developing agendas and providing reports on financial, investment and organizational performance and projections and other information to committee members in a well-organized, accurate and timely fashion
The Ideal Candidate Profile
The ideal candidate will possess the following qualifications:
Bachelor’s degree and at least five years of senior financial leadership experience in a nonprofit; CPA and affordable housing or real estate knowledge preferred
Demonstrated ability to think strategically, with a thorough understanding of strategic development
Strong understanding of, and extensive professional experience, with:
Accounting/GAAP principles, particularly for nonprofit organizations
Tax requirements for nonprofit organizations
Budgeting and forecasting
Financial statement preparation and reporting
Cash flow management
Account reconciliations
Accounts payable
Banking services
Investment oversight
Risk management
Financial modeling and forecasting
Strong interpersonal skills required to relate to partners, government leaders, volunteers, and colleagues
Ability to work well in a collaborative environment
Must be self-motivated, results oriented, and able to set priorities and work on numerous projects simultaneously
Excellent organizational communication (both verbal and written), analytical and negotiating skills
Highly proficient with computer skills and knowledge in Excel, QuickBooks, and other finance software
Significant experience with federal, state, and private grants management, compliance, and audit processes
Demonstrated leadership in financial management, internal controls, and organizational finance operations
Proven ability to lead teams, manage complex financial operations, and partner effectively with senior leadership
About Housing Assistance Corporation
HAC strives to make a difference in the lives of the Henderson, Polk, and Transylvania County communities by building new construction projects designed to put families into homes that they might not otherwise be able to manage. They also enhance the community by providing home repairs for people with disabilities and the aging. HAC is committed to providing safe and affordable housing for persons of limited income living in Henderson, Polk, and Transylvania Counties because they believe every human being deserves the opportunity to live in a decenthome. Founded in 1988 by members of Trinity Presbyterian Church, HAC began to develop single and multi-family housing. In 2004, HAC became a grantee of the North Carolina Community Development Initiative. Since joining the initiative, they have diversified and increased multifamily housing production and single-family housing production by 50%, added an alternative program for single-family housing, expanded their Home Repair Programs, and initiated a Fall Prevention Program.
In the aftermath of Hurricane Helene’s devastating effects on the region in 2024, Housing Assistance became a member of North Carolina Voluntary Organizations Active in Disaster, NCVOAD. Today, programs offered by Housing Assistance are housing counseling, single-family new home construction, multifamily unit construction, home repair, and disaster recovery.
Hendersonville, North Carolina is a charming mountain town nestled in the Blue Ridge Mountains of western North Carolina. Known for its small-town feel and natural beauty, Hendersonville sits just south of Asheville and serves as the historic seat of Henderson County. The city is especially recognized for its vibrant downtown, centered around Main Street, which features locally owned shops, restaurants, art galleries, and cafés housed in well-preserved historic buildings. A strong sense of community is reflected in frequent festivals and events, including the North Carolina Apple Festival, which celebrates the area’s long-standing apple-growing heritage—Henderson County is one of the largest apple-producing regions in the state. Outdoor recreation is a major draw, with easy access to hiking, waterfalls, and scenic drives in nearby Pisgah National Forest, DuPont State Recreational Forest, and along the Blue Ridge Parkway. The area offers a mild four-season climate, with cool summers and colorful fall foliage.
HAC is a Fair Housing and Equal Opportunity provider and strives to eliminate housing discrimination, promote economic opportunity, and achieve diverse, inclusive communities for the low to moderate income populations. Housing Assistance Corporation strives to continue to uphold a core value of diversity, equity, and inclusion with all organization operations and is a workplace where different perspectives and values are embraced.
How To Apply
Join the Housing Assistance Corporation and play a critical role in shaping its future while driving impactful change in the community.
To apply, click on the link for this position athttps://jobs.armstrongmcguire.com/. You will see instructions for uploading your compelling cover letter, resume, and salary requirements. Cover letters should be responsive to the mission of Housing Assistance Corporation as well as the stated responsibilities and qualifications.
Please provide all requested information to be considered. In case of any technical problems, contact talent@armstrongmcguire.com. No phone calls, please, andno applications will be accepted by email or directly from third-party posting sites.
Armstrong McGuire & Associates is a full-service firm specializing in leadership development, executive recruitment, planning, resource development, and assessment. Our firm helps nonprofits recruit great leaders and professionals. Our team has spent their careers in the nonprofit and philanthropic sector and we focus on recruitment efforts exclusively on benefitting these institutions.
