Transparency and Consistency in Financial Reporting
Transparent and consistent reporting will promote sound decision-making, which
can improve organizational performance and attract additional capital.
Called
out by investors as essential to the expansion of capital for this sector, the goal is to promote the standardization of reporting
for nonprofit mission-focused owners by creating more transparent and comparable financial reports for the organization to
run its business and for capital providers to underwrite housing social enterprises.
This also will help
to change industry policies that limit a nonprofit owner’s ability to address operating strengths and challenges and
to build a strong organization. To that end, STRENGTH MATTERS™ formed a working
group of chief financial officers (CFOs).
