Steven M. Dauby, CPA
Experience Highlights
Steve is one of the founding members of Dauby O'Connor & Zaleski, LLC and
has specialized in the real estate industry since 1984.
He has extensive experience in the affordable housing arena with a particular
focus on properties that utilize the low-income housing tax credit pursuant
to Section 42 of the Internal Revenue Code. Steve has also provided audit
and consulting services to entities owning congregate care facilities, office
buildings, shopping centers, hotels, and more.
Steve's past public experience has been with international accounting firms,
which were well recognized for their expertise in real estate accounting, auditing
and consulting. Steve has prepared and/or reviewed numerous audits of limited
memberships, corporations, and not-for-profit entities owning various real
estate developments. These audits have been prepared for the Department of
Housing and Urban Development (HUD), Rural Economic and Community Development
and various debt and equity providers. He has prepared numerous Certificates
of Actual Cost for both the contractor and mortgagor as required by HUD and
cost certifications required by various state housing finance agencies for
utilization of low income housing tax credits. In addition to audit services,
Steve consults with his clients regularly on various matters including management/development
company profitability, deal structuring, regulatory compliance and GAAP reporting.
Steve's clients include not-for-profit corporations, real estate developers,
housing corporations, real estate limited memberships, cooperative housing
corporations, property management organizations, and various small businesses.
Education
B.S., Ball State University, Muncie, Indiana
Professional Organizations
• Member, Indiana CPA Society
• Member, American Institute of Certified Public Accountants
• Member, Indiana Rural Housing Association
Sean O'Connor, CPA
Experience Highlights
Sean is one of the founding members of Dauby O'Connor & Zaleski, LLC and
has been in the practice of public accounting for over twenty years. DOZ started
as a two man firm in 1987 and has grown to a nationally-recognized leader in
the real estate arena with clients in over 35 states.
Sean's experience includes auditing, accounting, tax and consulting
services with clients in the following industries: real estate,
retail, government, leisure time, manufacturing, restaurant,
mortgage banking and church organizations.
Sean is nationally known for his expertise in accounting
and tax matters related to the development and management of
multifamily housing communities. Sean has extensive experience
in the structuring of private real estate entities formed to
develop multifamily housing communities. Sean’s role
in the development process includes assistance with financial
forecasts and projections, securing construction and permanent
financing and investor capital. In addition to development
related services, Sean performs annual audit services required
by various lenders and investors including the Department of
Housing and Urban Development (HUD) and the US Department of
Agriculture - Rural Development (RD).
Sean has extensive experience with multifamily housing projects
which utilize the low income housing tax credit (LIHTC) and/or
tax exempt bond financing. Sean performs all required accounting
functions germane to LIHTC transactions including 10% certifications
necessary for carryover allocations and final cost certifications
for issuance of IRS form(s) 8609. Sean is a frequent speaker
at various trade association conferences on topics related
to HUD and LIHTC matters.
Education
B.S., Indiana University, Bloomington, Indiana
Professional Organizations
• Member, Indiana CPA Society
• Member, American Institute of Certified Public Accountants
Thaddeus B. Zaleski, CPA
Experience Highlights
Ted has been in public accounting since 1968, two years part time while in school,
two years split between audit and tax, and the last thirty-three years strictly
tax. Prior to the time of founding Dauby O'Connor & Zaleski, LLC all of his
experience was with medium-sized national CPA firms—S.D. Leidesdorf & Co.
(merged with Ernst & Young) and Laventhol & Horwath in Chicago and Indianapolis
. The last four and one-half years at Laventhol & Horwath were in Indianapolis
as head of the tax department. His experience has encompassed every area of taxation
with an emphasis on real estate in Chicago and Indianapolis , both with very
small clients and large clients with receipts approaching $100,000,000, including
multi-state work in all areas. He has also worked extensively with individuals,
partnerships, trusts, exempt organizations and he was part of the National Health
Care Tax Specialist Team at Laventhol & Horwath.
Ted had responsibility for the tax related work on many large audits and several
publicly traded clients and had involvement with taxing authorities from office
audit agents to regional counsel on matters related to tax court cases. His responsibilities
include extensive work with syndications. He also had involvement with training
programs on a local and national level and has written articles for professional
publications. He has also written a chapter in a book on Hospital Taxation and
has lectured at local and national programs.
Education
B.S.C., DePaul University, Chicago, Illinois
Professional Organizations
• Member, American Institute of Certified Public Accountants-Tax Division
• Member, Indiana CPA Society
William D. Farrington, CPA
Experience Highlights
Bill has been in financial and management executive positions in industry and
public accounting since 1981. His experience includes five years on the audit
staff of Coopers & Lybrand during the early 1980's, financial and
management positions with manufacturing entities from 1986 through 1997, and
five years of public accounting since 1998 devoted to multifamily real estate
development, construction/development, and property management activities.
Bill's experience includes: accounting and reporting system design and
implementation; responsibility for banking relationships; shareholder
communications and risk management; coordination and implementation of private
and public securities offerings; and audit engagements with an emphasis in real
estate, manufacturing, construction and mergers/acquisitions.
Bill has completed audits on limited partnerships, general partnerships and
corporations ranging in size from small rural development partnerships to large
corporations. The primary users of the financial statements generated by Bill
have included the Department of Housing and Urban Development (HUD), Rural
Economic and Community Development, members and shareholders.
Bill has considerable experience in low income housing tax credit development,
financial management, transaction structure and financial presentation in both
private and public accounting. Bill's role has included both consultation and
direct responsibility in the development and execution of business plans, the
raising and application of various sources of capital and the presentation of
the results of operations for a wide range of business entities.
In 2007, Bill was promoted to Member at DOZ.
Education
B.A., Franklin College of Indiana, Franklin, Indiana
Professional Organizations
Member, Indiana CPA Society
Nancy Morton, CPA
Experience Highlights
Nancy has specialized in the real estate industry and partnership taxation for the
last ten years. Prior to joining DOZ, she
was with the national CPA firm of Deloitte & Touche in their Indianapolis
office. Over those years, she has worked with both manufacturing and real
estate clients in both tax and audit. In addition, she has been involved with
state equity funds on their upper tier partnerships. She has also worked with
initial and final cost certification for the section 42 tax credits for several
different states.
Her duties include assisting the members in all functions of the audit as well
as being in charge of the preparation and review of all tax returns.
In 2007, Nancy was promoted to Member at DOZ.
Education
B.S., Butler University, Indianapolis, Indiana
M.B.A, Indiana University, Bloomington, Indiana
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