Novogradac & Company LLP Promotes Four to Principal

Jan 4, 2019

San Francisco-based accounting and consulting firm Novogradac & Company LLP, elevated four managers–Kelly Gorman of the Iselin, N.J., office; Ryan Goyal of the Austin, Texas, office; Tonya Johnson of the Dover, Ohio, office; and Steven Varady of the San Francisco office–to principal. Novogradac, which specializes in affordable housing, community development, historic preservation, renewable energy and opportunity zones, has 34 principals in 28 cities nationwide.

“I am excited to announce that Kelly, Ryan, Tonya and Steven have been promoted to principal,” said Michael J. Novogradac, the firm’s managing partner. “These promotions are not only evidence of how well they’ve done in their careers, but provide a higher level of service for our clients.”

Ms. Gorman works in the firm’s Valuation Group and has more than 20 years of professional experience in affordable housing. Ms. Gorman has extensive experience performing appraisals, market studies, rent comparability studies and consulting services for a broad cross-section of clients in the low-income housing tax credit (LIHTC) and supportive housing industries, including developers, lenders, syndicators, property managers and state agencies. Specialty work includes market study and appraisal review work and valuations of partnership interests. Her previous experience includes working as an asset manager with the Housing Opportunities Commission of Montgomery County, Md., managing a portfolio of multifamily properties. Ms. Gorman received her degree in urban affairs and planning from Virginia Tech and is licensed as a certified general real estate appraiser in Connecticut, Pennsylvania, New Jersey and New York.

Mr. Goyal specializes in low-income housing and historic rehabilitation tax credits. Mr. Goyal has worked extensively with numerous real estate investors, syndicators and developers. He is experienced in financial statement audits, U.S. Department of Housing and Urban Development audits, tax return preparation, final cost certifications and agreed-upon procedures engagements. He also specializes in commercial and residential development projects. Mr. Goyal received his bachelor’s degree in accounting from Northern Illinois University and is licensed as a certified public accountant in Texas and Illinois.

Ms. Johnson specializes in affordable housing and community development, including the LIHTC and new markets tax credit (NMTC) transactions. She has extensive experience in a wide range of services, including financial statement audits, tax return preparation, final cost certification audits and consulting on LIHTC and NMTC compliance. She also works with upper-tier tax credit equity funds and tax credit syndicators. Ms. Johnson holds a bachelor’s degree from Kent State University. She is licensed as a certified public accountant in Ohio.

Mr. Varady formerly provided primarily audit and tax services to affordable housing partnerships and equity funds. More recently, he has been involved extensively in the renewable energy industry, providing forecasting, consulting and tax services for renewable energy transaction investment tax credit, production tax credit transactions, working extensively on the preparation of tax-basis, project and fund-level financial projections for a variety of clients, including developers, sponsors, financial institutions and investors. Mr. Varady also has experience in community development, including the affordable housing and historic tax credit transactions. Additionally, Mr. Varady is active within the newly established opportunity zones industry, which was established as part of the Tax Cuts and Jobs Act of 2017. He was also a technical editor of Novogradac’s initial Renewable Energy Tax Credit Handbook in 2010, contributor to various articles in the Novogradac Journal of Tax Credits and a frequent speaker at Novogradac & Company’s Financing Renewable Energy Tax Credit Conference and Structured Finance Primer. He received degrees in accounting and finance from California State University, Chico, and is licensed in California as a certified public accountant.

About Novogradac & Company LLP
Novogradac began operations in 1989 and has grown to more than 700 employees and partners with offices in 28 cities. Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, community development, historic rehabilitation and renewable energy. At the beginning of 2017, the firm launched a new practice focused on the opportunity zones incentive.

For additional information on Novogradac’s personnel and areas of expertise, visit http://www.novoco.com or call (415) 356-8000.

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