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MaDonna L. Stevermer, CPA

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Some people dream of success while others wake up and work hard at it.  Author Unknown

MaDonna L. Stevermer is a shareholder of MUCR. Her experience focuses mainly on the different aspects of low income housing tax credit projects from structuring to the exit of the investor.

Ms. Stevermer graduated from The College of St. Catherine and is a Housing Development Finance Professional. She annually attends a minimum of 40 hours of continuing education on audit and accounting standards, HUD, partnership tax, and housing tax credit issues.

Practice Areas

  • Real estate audits/attestation
    • HTC Cost Certifications
    • HUD Cost Certifications
    • Historic Rehabilitation Credit Certifications
    • 10% Carryover Allocation Certifications
    • Forecasts and projections 
  • Tax
    • Partnership Tax Returns
    • IRC Section 704(b) capital account analysis
    • Debt Forgiveness and OID calculations
    • Exit Tax Analysis
    • Qualified Contract Computations
    • Tax Advice letters
    • Calculation Historic Rehabilitation Tax Credits

Speaking Engagements 

  • Faegre & Benson Seminars – Eligible Basis: What’s In and What’s Out (April 28, 2008) and on a Development Process Panel (June 7, 2001)
  • Hennepin County Bar brown bag luncheons – various topics related to affordable housing over the years
  • LISC luncheon – Bonus Depreciation and Communication (2003)

 Professional Activities and Memberships 

  • American Institute of Certified Public Accountants
  • Minnesota Society of Certified Public Accountants
  • Recognized as one of Finance and Commerce Top Women in Finance 2014 

Community Involvement 

  • Leadership St. Paul Alumni
  • Treasurer, Preservation Alliance Minnesota (2006 to 2012)
  • Finance Committee Girl Scouts of Cannon Valley (2001 to 2006)