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Monday – Friday: 8 AM – 5 PM

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INDUSTRY SPECIALTIES

Keep your affordable housing community compliant and proceed with confidence.

We specialize in providing a full suite of financial services for management companies involved in the affordable housing market.

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Our Expertise

We help affordable housing leaders navigate the complex world of finance.

Whether planning an audit in connection to The U.S. Department of Housing and Urban Development or monitoring internal program performance, you’re in good hands when you partner with Donovan CPAs.

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Services We Offer

While we offer a full suite of financial services connected to affordable housing, most management companies we work with want to ensure they comply with all regulations and guidelines first.

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HUD Audits

We conduct comprehensive HUD audits to ensure compliance with federal regulations, helping housing projects meet all financial and operational requirements.
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HUD Nursing Home Audits

Our HUD nursing home audits provide thorough financial reviews, ensuring your facility meets HUD compliance standards while maintaining financial integrity.

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Rural Development Audits

We specialize in rural development audits, ensuring compliance with government programs and providing clear, accurate financial reporting.

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Lower Income Housing Tax Credits (LIHTC)

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Donovan CPAs prides itself in expanding our services, especially with those that serve people who work in the affordable housing industry. With strict regulations, numerous compliance measures, and the earliest deadlines in the industry, we know the pressure Low-Income Housing Tax Credit (LIHTC) properties are under, and we can help relieve it.

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Cost Certifications

Our cost certification services provide accurate financial reports to support your project’s funding and ensure compliance with all cost-related regulations.

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Who you'll be working with

Get to know the team that will be your strategic support system 

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Michael Blankman

CPA – Manager, Assurance Services

David Lemler

CPA, CGMA – Partner, Director of Assurance Services

Kellie Cavanaugh

CPA – Manager, Tax Services

Ensuring you’re confident and compliant

Whether we’re conducting a rural development audit, creating cost certifications, or even performing an Affordable Housing audit for your property or nursing home, our partnership keeps you compliant and confident.

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We know the affordable housing market.

Our team specializes in serving owners and management companies that operate affordable housing communities.

We operate like your coach.

Some firms operate like that accounting cop looking over your shoulder. We operate like your audit and compliance coach to ensure you’re compliant and confident at each stage of the journey.

We are committed to your success.

Affordable Housing audits are complex. We bring our financial expertise to your team so you can effectively monitor program performance, stay compliant, and identify areas for improvement.

Knowing your numbers translates to greater peace of mind

Management companies in the affordable housing industry need more than just a number cruncher. You need a strategic financial advisor who can keep you compliant and ensure you know your numbers.

Over the past Twenty-plus years, we’ve helped Owners and management companies:

  • Provide best practices.
  • Audit financial records.
  • Share compliance risks and solutions.
  • Proceed with clarity.
  • Discuss potential risks.
  • Develop a teamwork approach with open communication.
  • Create a friendly and wonderful audit experience.

Here’s what sets us apart: just because we know every GAAP principle in the book doesn’t mean we’ll bore you with them. Instead, we get right down to business, providing you with the actionable insights your business needs to reduce risk, improve performance, and confidently move forward. 

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TESTIMONIALS
"As an early-stage company, it’s important that I spend my time on the areas where I contribute the most value to growing my business. Donovan made it easy to stay focused on the business while advising me on practical tax strategy. I count on the Donovan team as an important partner to identify opportunities and avoid the “gotchas” of starting a new venture.”
James MartinVenue Intelligence
"Hope Healthcare Services has worked with Donovan CPAs for many years—in tax filings and the production of financial statements. Their expertise and work quality is great, but the relationship goes beyond that of vendor-client. Donovan has been a trusted partner with Hope Healthcare through these years, often going the extra mile on our behalf. I can happily recommend them.”
John MollaunHope Healthcare Services
"Donovan has consistently provided us outstanding audit, tax and consulting services. They are a highly valued, trusted partner in supporting the growth of our business. Their expertise is diverse. They possess a highly experienced and competent staff that is always responsive to our needs."
Todd SchnitziusCo-Founder/Managing Partner, Phocatox Technologies
"Wolfe Diversified switched from a large regional CPA firm to Donovan in 2014 for consulting and our company audit and tax work. We lowered our cost and received very high quality work and great service. We have been very happy with our decision to move to Donovan and believe it has benefited our business."
Chad WolfePresident, Wolfe Diversified
"As the Hendricks County 4-H Fairgrounds and Conference Center has grown into a diverse business with more than 250 events throughout the year, we have relied on Donovan Certified Public Accountants expertise for the past 10 years. Donovan truly understands our business and we feel great knowing their financial experts are an extension of our staff."
Steve PattersonExecutive Director, Hendricks County 4-H & Agricultural Fair Association
"Donovan understands the challenges that small businesses face every day. For close to 30 years, their financial guidance has made a huge impact on our short and long-term success at Spear Corporation. Donovan continues to help us achieve our goals to grow our company and maximize our profits. They have been a true partner in everything we have accomplished at Spear Corporation."
Brian SpearPresident, Spear Corporation

FAQs that give you the 4-1-1

What tax credits are available for affordable housing projects?

Programs like the Low-Income Housing Tax Credit (LIHTC) offer substantial cost savings for affordable housing developers. We help you navigate these credits and the compliance period.

LIHTC projects require detailed financial reporting and compliance with state and federal rules. We’ll help you meet all the requirements.

Government funds can come with tax and compliance obligations. We help you understand how funding affects your tax situation and keep you in compliance.

From structuring deals to handling tax planning and financial projections, we help real estate developers make smarter financial decisions.

We're ready to help. Contact us today!