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Kearney & Partners

Evidence

Case studies

Anonymized before/after snapshots: Public Housing Authority audits, LIHTC portfolios, federally funded nonprofits, and multi-department finance workflows moving to steady readiness.

  • Challenge → approach → outcome on each detail page
  • Real metrics; identities masked
  • Public Housing Authority, AH developer, nonprofit, and multi-department workflow examples

Reading guide

What you'll find here

Real work; details generalized for privacy.

  • Public Housing Authority audit

    Findings cleared · under 5 days prep

  • LIHTC partnership accounting

    Investor cycle · 8609-current

  • First single audit

    Zero findings · SEFA under 1 day

  • Workflow optimization

    Close 18 → 7 days

Outcomes

Results you can scan

Four anonymized engagements. Each card leads with the measured result—then the story behind it.

PHA audit
9 mo + ongoing

Audit preparation

2+ weeksUnder 5 business days

30 hrs/week reclaimed across the team

From recurring audit disruption to structured operational readiness

Public Housing Authority (~1,200 units)

A mid-sized public housing authority had spent five consecutive audit cycles in the same two-week scramble, with prior-year findings reappearing each cycle because the underlying process never changed. Structured workflows and a year-round readiness protocol cut audit preparation to under five business days and resolved findings within a single cycle.

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LIHTC
12 mo + ongoing advisory

Investor reporting cycle

6 weeks10 business days

14/14 properties 8609-current

Cleaning up partnership accounting across a 14-property portfolio

LIHTC operator (14 partnerships)

Fourteen partnerships, three institutional investors, and a chart of accounts that did not agree with itself. Quarterly capital account rebuilds consumed roughly forty hours a cycle and investor calls opened defensively. Standardizing the structure moved investor reporting from six weeks to ten business days and brought all fourteen properties 8609-current.

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Nonprofit
6 mo + ongoing

SEFA preparation

5+ daysUnder 1 day

SEFA prep: 5+ days → under 1 day

Preparing a nonprofit organization for its first single audit

Federally funded nonprofit

A federally funded nonprofit crossed the single audit threshold for the first time, with manual SEFA preparation and grant reporting that varied by program and by preparer. Structured workflows and a recurring reconciliation cadence cut SEFA preparation from over five days to under one, and the first single audit closed with zero findings.

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Workflow
8 mo

Month-end close

18 business days7 business days

Statements by day 8

Reducing month-end close from 18 to 7 business days through finance workflow redesign

Multi-department organization

Month-end close took eighteen business days and depended on tribal knowledge held by two long-tenured staff. Department heads received statements too late in the month to act on them. Mapping the workflow, naming an owner for every reconciliation, and rebuilding the close calendar brought close to seven business days within four months.

Read the full case

Case studies describe real engagements. Client names and identifying details have been changed to preserve confidentiality.

Consultation

Ready to move from scramble to steady readiness?

Jonathan Kearney works with PHAs, HFAs, LIHTC operators, and nonprofits to assess audit readiness, investor reporting, and finance workflows before the next cycle.

Schedule a diagnostic