NEW MARKETS TAX
NMTC SERVICES: CDE Operations/Back Office
SDS provides New Markets Tax Credit (NMTC) Allocatees with a comprehensive, transparent and efficient operational platform to effectively manage their NMTC allocations. Our experience is built upon our management of the National New Markets Fund (NNMF). We have deployed NMTCs into more than $700 million worth of projects and have built and capitalized more than $2 billion of Double and Triple Bottom Line funds in conjunction with our partner Economic Innovation. SDS's operational services can be combined to include all or most of the offerings outlined below or a tactical selection can be made based upon specific need. Our goal is to provide a range of services based on a client's capacity and business needs.
COMPLIANCE AND ACCOUNTING
- CDFI Allocation Agreement Assistance
- Subsidiary CDEs (Sub-CDE) Formation/Certification
- CDE and Sub-CDE Operating Agreement Review
- CDE Investment Compliance Certificates
- CDFI Fund Allocation Tracking System Updates
- Investor Notification Letters and IRS Form 8874
- CDFI Investment Reporting Requirements
- Semi-Annual Substantially-All Tests
- Redemption Forecasts
- Semi-Annual Closed Investment Transactions Review
- Procedures Manual Development
- Transaction Accounting for Sub-CDEs
- Loan Servicing
- CDE and Sub-CDE Financial Reports
- Information Management for Audit and Tax Purposes
- Third Party Tax Preparation, Audits, And Agreed Upon Procedures (AUPs) Coordination
- CDE Asset Management Assistance
- Sub-CDE and CDE Investor Reporting
- Allocation Report for CDFI, IRS, And Investor(s)
- Covenant Requirement Management
- NMTC Closing Coordination
- Investment Document Management
- Eight-Year Investment Budget
ADVISORY BOARD SERVICES
- Documents and Procedures
- Quarterly Meetings (Coordinate/Document)
- Project Impact Reporting and Approvals
- Board Process or Membership Improvements
- Low-Income Community (LIC) Compliance