Jaime Rapps, CPA Partner
Jaime Rapps, CPA is a Partner at Grassi and brings nearly 15 years of audit, accounting and tax experience to his role. A member of the firm’s Nonprofit and Healthcare practices, he specializes in financial reporting, audits, reviews, compilations and tax work for clients in these industries.
Jaime advises a wide range of nonprofit organizations on financial, operational and compliance matters. He has extensive experience auditing and advising 501(c)(6) membership organizations, libraries, museums, private and charter schools and other charitable organizations.
Within the healthcare industry, Jaime focuses on financial statement audits and advisory work for skilled senior living and nursing facilities and their ancillary companies, such as landholding companies, staffing agencies, pharmacies and management companies. Jaime has experience providing financial statement audits for Continuing Care Retirement Communities, FQHCs, Hospices, assisted living and adult day care programs.
Jaime’s expertise extends to OMB Uniform Guidance (formerly A-133) and HUD compliance audits. As a result, Jaime has extended these services to include compliance audits for recipients of Provider Relief Funds and the Shuttered Venue Operating Grant.
Jaime’s experience includes financial statement audits of housing companies and employee benefit plans. He advises multifamily HUD housing projects on Section 8 and Section 202 compliance and low-income housing tax credits.
Jaime’s experience also includes supporting his clients in ownership transitions and merger and acquisition transactions. He provides M&A accounting and consulting services and guides them through the complexities of the transaction.
Prior to joining Grassi, Jaime specialized in nonprofit and healthcare accounting, tax and consulting services at two mid-sized public accounting firms.
Jaime received his Bachelor of Science degree in Accounting from Yeshiva University. He is a member of the Finance Committee at the Society for Marketing Professional Services New York Chapter (SMPS-NY), American Institute of Certified Public Accountants (AICPA), the New York State Society of Certified Public Accountants (NYSSCPA) and the New Jersey Society of Certified Public Accountants (NJSCPA).