About this opportunity
AI summaryThe Illinois Association of Housing Authorities seeks competitive proposals from qualified independent certified public accounting firms to provide accounting reconciliation, financial statement preparation, and IRS Form 990 reporting support. The selected firm will review and reconcile bank accounts and QuickBooks records, correct accounting discrepancies, compile financial statements, and provide workpapers and schedules for annual tax filings. Eligible respondents must be onshore United States firms with professional liability insurance and demonstrated experience serving nonprofit or 501(c)(6) entities. Firms must submit electronic proposals in PDF format by Friday, December 11, 2026. All questions must be sent by email to Ed Biggins at [email protected] no later than Friday, November 20, 2026. The buyer will evaluate proposals on criteria including relevant nonprofit experience, accounting clean-up qualifications, engagement team expertise, and deliverable quality to determine the best overall value.
Buyer and opportunity details
- Client
- Illinois Association of Housing Authorities
Scope of work
- Conduct detailed review and reconciliation of banking and financial transactions
- Perform comprehensive review and reconciliation of QuickBooks accounting records
- Identify material discrepancies, duplicate entries, and unreconciled items
- Provide recommendations and assistance for accounting adjustments and corrections
- Prepare or compile annual financial statements and supporting schedules
- Prepare financial information and schedules supporting IRS Form 990
- Issue independent auditor reports and management letters
- Present audit findings and recommendations to the Board of Directors or Finance Committee
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Relevant nonprofit and 501(c)(6) experience | 20 |
| Understanding of scope and proposed methodology | 20 |
| Experience with multi-year accounting clean-up and QuickBooks reconciliation | 15 |
| Qualifications and experience of engagement team | 15 |
| Quality and completeness of proposed deliverables | 10 |
| Proposed timeline and ability to meet deadlines | 5 |
| Fees and overall value | 15 |
Minimum qualifications
- Current CPA licensure
- Appropriate professional liability insurance
- Good standing with applicable professional regulatory bodies
- Experience conducting nonprofit audits
- Experience with 501(c)(6) organizations
- Experience with housing associations, property-related nonprofits, or similar organizations
- Experience with QuickBooks and multi-year accounting clean-up engagements
- Minimum of three references for comparable engagements completed within the past five years
Documents to include with your response
- Firm Overview
- Understanding of the Engagement
- Proposed Approach and Methodology
- Work Plan and Schedule
- Deliverables List
- Fees and Expenses Proposal
- Engagement Team Résumés or Professional Biographies
- Three Client References
- Disclosures of Independence and Conflicts of Interest
- Signed Required Certification Form
Key dates
- Posting Date
- Monday, November 2 to Monday, November 30, 2026
- Questions Due by
- Friday, November 20, 2026
- RFP Submittal Deadline
- Friday, December 11, at 5:00 p.m. CST
- Anticipated Contract Start Date
- January 2027
How to submit
- Method
- Instructions
- Submit electronically in PDF format to the designated email address with the subject line RFP Response – Multi-Year Financial Services – Illinois Association of Housing Authorities
Contract details
- Term
- The initial contract term is anticipated to be two (2) years, subject to satisfactory performance and annual authorization.
- Insurance and bonding
- Appropriate professional liability insurance