Health Strategy and Delivery Foundation (HSDF), Washington DC

 Industry: Non-Profits

Situation - HSDF is implementing as a subcontractor to a USAID funded multi-million-dollar five-year project, a global initiative on public health covering more than 23 countries. 

 
HSDF is a non-profit headquartered in Nigeria and started its operations in the US in 2018. In order to be fully compliant with the laws regarding federal funding utilization, HSDF required applicable legal, and statutory registrations together with the policies, procedures, and financial management reporting systems to mobilize its operations in the US.

Approach – Following tasks were completed in time without causing any lag in the implementation schedule and receiving donor funding:

• An accounting system was implemented with a chart of accounts catering to the reporting requirements of USAID (ADS) and federal funding utilization (2cfr200)
• A time-writing software was implemented integrated with the accounting system.
• A financial policies and procedures manual was drafted to comply with the US regulations and statutory requirements.
• A financial and management reporting package was designed for periodic reporting to the head office.
• Negotiated budgets with the donor (prime).

Results - Our interventions helped HSDF in achieving the following results:

• Achieved 95% run rate in its first year of operations.
• All invoices were submitted and cleared on time by the donor
• The operations were fully sustainable through the financial resources generated within its first year of operations.
• The auditors for the US operations issued an unqualified external audit report on the project (RCA) and organizations as a whole with no internal control weaknesses identified during the audit. 
• The auditors for the group (EY) issued an unqualified external audit report on the US operations with no internal control weaknesses identified during the audit.
• Completed all state and federal registrations to make the organization eligible for federal and state funding (SAM, DCRA, DOES, IRS, etc.)
• Submitted form 990 on time.