The Board of the Dormitory Authority sets DASNY policies, approves each financing, and monitors adherence to DASNY guidelines. A President, appointed by the Board, manages the daily operations of the agency.
More than 500 professionals staff DASNY, ensuring projects are financed and constructed properly, and that the value of the financings' underlying assets are carefully managed and preserved.
DASNY Organizational Chart | PDF
The Office of Executive Direction
Coordination and management of the daily activities of DASNY is the responsibility of the Office of Executive Direction. In his role as chief executive officer of DASNY, the President guides and directs the functions of DASNY’s six offices, which are described below. The Vice President assists the President and performs the duties of the President during his absence. Under the leadership of the President, all DASNY offices examine their procedures and operations to improve efficiency and effectiveness in delivering services to customers.
The Office of Finance
This Office is responsible for DASNY’s accounting and treasury functions, including investment of funds, financial reporting, accounts payable, accounts receivable, debt service administration, payroll, budgeting and funds management. In addition, the Office participates in the bond issuance process. The Office of Finance includes DASNY's Information Services Unit, which develops, implements and maintains the computer hardware, software and telecommunications infrastructure for DASNY’s offices and construction field sites.
The Office of Construction
DASNY’s largest office, with more than 300 staff, this Office offers a wide range of design and construction services that are custom-fit to meet individual clients' needs. Generally, project staff act as a customer's agent or owner's representative, reviewing needs, developing budgets, assisting in the selection of design professionals, preparing schedules, securing bids, holding contracts, and generally overseeing the construction process to assure projects are efficiently well-built.
Office of Public Finance and Portfolio Monitoring
This Office has two divisions, Public Finance and Portfolio Monitoring. Public Finance is the focal point for DASNY financings. It raises money in the capital markets for DASNY customers by determining the feasibility and structure of financings and overseeing issuance to assure the lowest cost of capital to DASNY customers.
The Portfolio Monitoring Division monitors the financial and operating performance of health care, higher education and other non-profit clients for whom DASNY has provided financing, and reviews compliance by these clients with the requirements contained in the financing documents. It also manages DASNY's response to loan or covenant violations and implements financial work-out plans. The Division analyzes industry trends and provides support to the Public Finance Division in connection with the preparation of financial feasibility analyses for proposed client financing.
The Office of Counsel
The Counsel's Office provides legal services to all DASNY offices, is responsible for litigation and contract matters, and represents DASNY on all bond issuances.
The Office of Executive Initiatives
The Office of Executive Initiatives is responsible for strategic efforts in program development, including maximizing the utilization of Minority and Women Owned Businesses, sustainability, training and marketing, as well as communicating with DASNY’s clients, vendors, the public and governmental officials.