Judy Mondry

CPA, CVA
Principal
Cleveland, OH
Resident of Valley View, OH
Rea Team Member Since 2017
  • Judy manages clients that operate in various industries: real estate, property management, nonprofit organizations and restaurants.

Topics or areas of expertise that Judy can talk about (even in her sleep):

  • Real estate inventory v. investment
  • Rental property income tax laws
  • Materially participating real estate professionals
  • Calculation of tax effects of gain (loss) on sale of property
  • Nonprofit financial statements

How she’s helped clients meet their business needs:

  • Tax on sale of property: discussed timing of sale to defer the gain until the beginning of the following year so that the client had an additional 12 months to pay the taxes.
  • Gain on sale of property: recommended to consider installment sale to spread the tax over a number of years rather than reporting the total in one year.
  • Defer gain on sale of property: discussed reinvesting sale proceeds into a like kind exchange and adjusting the basis of the new property instead of paying taxes at the time of sale.

How we know she knows what she’s doing:

  • She holds a bachelor’s degree from John Carroll University
  • Judy has 30 years of experience in the accounting industry
  • She has previously worked for Owen McCafferty, Hobe & Lucas and Veres & Company (merged with Walthall in 2005)
  • She joined Rea as part of the 2017 Walthall merger

Furthering her professional development, Judy is involved with:

  • The Ohio Society of CPAs – member
  • American Institute of CPAs – member
  • Commercial Real Estate Women, Inc. of Cleveland (CREW) – finance director, past chair of community service
  • Holy Name High School – past finance committee member
  • Northeast Ohio Green Building Council – member
  • Twisnburg Chamber of Commerce – member and past treasurer

When she’s not in the office, you can find her:

  • Walking
  • Biking
  • Hiking
  • Playing tennis
  • Kayaking
  • Exercising at the gym
  • Spending time with family and friends

Inside The Mind Of…

  • What’s your favorite aspect of your job?
    Being able to work with many different people in public accounting, clients, attorneys, bankers, investment brokers and more.
  • Describe your work style.
    Dependable – do what it takes to get the job done.
  • What do you consider is your “brightest” quality?
    Outgoing

Just For Fun:

  • What did 10-year-old you want to be when you grew up?
    An English teacher
  • What is the number one reason you would hire you?
    Reliability
  • What was your first job?
    Cleveland Press route in Seven Hills
I work with clients and treat them as I would want to be treated by providing prompt responses to communications with accurate information.