Director of Finance and Administration

Job Type

Full Time


Details: Salary commensurate with experience



Start Date:


Application Deadline:



New York
United States


New Destiny Housing Corporation

Director of Finance and Administration

February 2018


New Destiny Housing, a New York City nonprofit, is seeking a mission-oriented individual with experience in the nonprofit sector to fill the position of Director of Finance and Administration. This is a full-time position reporting directly to the Executive Director.

The Director of Finance and Administration will be responsible for the oversight of financial systems including finance, accounting, and human resources. As a member of the senior management team, the Director of Finance and Administration will be involved in strategic planning for the organization as well as new program initiatives.  The successful candidate will be a hands-on and participative manager and will lead and develop an internal team to support accounting and finance, planning and budgeting, and human resources.


The Director of Finance and Administration will be the primary liaison to the Board of Directors’ Finance and Audit Committees, work closely with the Finance Committee and the Board Treasurer to strengthen New Destiny’s financial position, and present financial information to the Board of Directors at its meetings.

The Director of Finance and Administration will supervise a staff of three including a full-time Finance/Human Resources Manager, a full-time Bookkeeper, and a part-time Tax Credit Finance Manager.


New Destiny Housing Corporation is a 23-year old citywide not-for-profit with the mission of ending the cycle of violence for low-income families and individuals at risk of homelessness and domestic violence by connecting them to safe, permanent housing and services. To achieve its mission, New Destiny develops and manages housing with on-site services; offers innovative programs that empower victims of abuse to find and retain affordable housing; and educates and advocates to increase permanent housing resources for low-income families. 

New Destiny has a staff of 30 employees, a 20- member volunteer Board of Directors, and an annual budget of $2.5 million. It owns and manages a real estate portfolio of 12 projects valued at more than $54 million throughout New York City, most of which were funded with Low Income Housing Tax Credits (LIHTC). New Destiny provides services at its permanent housing for tenants, more than half of whom are previously homeless survivors of domestic violence, through the Family Support Program. It also operates HousingLink which provides housing training and technical assistance to survivors of domestic violence and links eligible survivors to safe, affordable housing. Finally New Destiny engages in advocacy and public education to increase the housing resources for domestic violence survivors and homeless families.

New Destiny Housing has two nonprofit affiliates, CityWide Supportive Housing and Citywide Supportive HDFC, that own housing projects, and owns and manages additional nonprofit and for-profit entities created in connection with its low-income housing tax credit projects.


Financial Management

·       Oversee and lead the annual budgeting and planning process in conjunction with the E.D. and senior staff; administer and review all financial plans and budgets; monitor progress and changes and keep the E.D. and senior leadership aware of the organization’s financial status

·       Manage organizational cash flow and forecasting by (1) developing and maintaining a cost allocation framework to properly assign payroll and organization-wide expenses to programs; (2) overseeing a robust contracts management and financial reporting system to ensure that the contract billing and collection schedule is adhered to and that financial data and cash flow support operational requirements; and (3) tracking advances and loans made by New Destiny to projects and other affiliated entities to ensure timely repayment.

·       Prepare, analyze, and present financial reports, including budget variance and cash-on-hand reports,  in an accurate and timely manner to the E.D., Finance Committee, Treasurer and Board of Directors; provide monthly financial reports to the E.D.

·       Coordinate and lead the annual audit process; ensure that financial documents are up-to-date and ready for external review within 3 months of the fiscal year end; oversee and direct communication with the external auditors; present and analyze audit findings to the E.D. and the Finance and Audit Committees

·       Work with New Destiny’s third-party property manager to ensure that quarterly and annual reports are prepared and submitted in a timely manner to affordable housing tax credit syndicators and investors

·       Work with New Destiny’s CPA firm to ensure that required IRS/NYS/NYC tax filings are made for New Destiny, its affiliates, and the entities affiliated with the organization’s housing projects

Accounting and Administration

·       Oversee primary banking and investment relationships

·       Ensure that property and professional liability insurance is in place for New Destiny and its real estate projects

·       Update and implement all necessary organizational policies and accounting practices; regularly review and update the finance department’s overall policy and procedure manual to ensure maintenance of appropriate internal controls and financial procedures

·       Oversee the payroll process, including time and attendance record-keeping

·       Ensure the overall integrity of the accounting software system

·       Remain current on GAAP and not-for-profit accounting best practices

Human Resources

·       Ensure that the Employee Handbook is up-to-date and compliant with new legislation

·       Ensure that recruitment, hiring, and termination processes align with best practices and are in compliance with federal, state, and local laws

·       Oversee the development of an effective on-boarding process

·       Oversee the annual performance evaluation process

·       Work closely with all external partners including third-part vendors and consultants to ensure that New Destiny benefits are appropriate and robust



·       Minimum: B.A. in Accounting or Finance. Preferred: MS in Accounting/Finance,  MBA or related degree

·       At least 10 years of overall professional experience, including at least 5 years in nonprofit accounting

·       Supervisory experience; ability to successfully delegate work tasks and support staff to achieve them

·       A track record in grants management

·       Knowledge of accounting and reporting software (e.g., Fund E-Z) and excellent Excel skills

·       Ability to communicate complex finance and accounting concepts into digestible form for lay people

·       Experience managing audit coordination for an organization, a division or significant program area

·       A successful track record in setting and meeting priorities

·       Keen analytic, organization, and problem solving skills to support and enable sound decision making

·       Excellent written and spoken communication and relationship building skills

·       An ability to prioritize, negotiate, and work with a variety of internal and external stakeholders

·       Comfortable multi-tasking and juggling competing priorities

·       Personal qualities of integrity, honesty and dedication to mission

·       Knowledge of affordable housing finance, especially Low Income Housing Tax Credits, highly desirable

This is a full-time professional position based in mid-town Manhattan. Generous pension plan and competitive health benefits. Salary commensurate with experience. Please send a cover letter and resume to .


This is a full-time professional position based in mid-town Manhattan. Generous pension plan and competitive health benefits. Salary commensurate with experience. Please send a cover letter and resume to .

Level of Language Proficiency


Professional Level


Minimum Education Required

4-year degree

How To Apply