THE DEVON MANAGEMENT TEAM
Chief Operating Officer
Paul Gratzel, a versatile executive with 25 years of experience in the operations of mid-sized companies, joined Devon in 2013.
His experience includes positions in the property management of commercial retail and office assets, as well as executive-level operational and financial management of large-scale mixed-use real estate development. Paul also served as Chief Operating Officer of a highly regarded New York City architectural firm.
In his present role, Paul is responsible for all facets of the daily operational management of 1,750-plus units in the Devon Management portfolio of affordable, tax credit-based, multi-family complexes. He also assists in the active development of an additional 500-plus units in the pipeline. A proven leader and team builder who works well across all organization levels, as well as with outside vendors and clients, Paul has experience across start-up, high-growth, and established businesses.
Director of Compliance
Zeny Toledo joined Devon in 2012 and has been in the property management industry for 15-plus years.
Her extensive experience includes managing and overseeing conventional and affordable housing, including many facets in multi-family and senior housing and an array of subsidy programs such as LIHTC, 236, Section 202, Congregate Care, HOME and Section 8. She has successfully managed rental lease-ups for rehab and new constructions.
Zeny is a NYS Licensed Realtor, and has earned designation as a Housing Credit Certified Professional (HCCP) and Tax Credit Specialist (TCS). She earned an Associate’s Degree from Monroe College.
Anthony Cipollone, who joined the company in October 2013, has been a Certified Public Accountant in the state of New York since 1993.
Anthony has more than 30 years of accounting experience in a variety of industries, including telecommunication, construction, not-for-profits, and waste management. He also has public SEC financial reporting experience with NASDAQ and New York Stock Exchange companies, and is well versed in Sarbanes-Oxley process management, XBRL reporting, and general business management skills.
During his career, Anthony has implemented a variety of accounting systems designed to improve process efficiencies, accuracy, and timely reporting. He started his career as a public accountant and worked for five years with the firm of Rosen Seymour Shapps Martin & Company LLP.
Stan Marcus joined Devon Management in early 2015 and has over 30 years of accounting experience. During his career, Stan has developed a thorough understanding of a variety of accounting practices and business operations.
He began his career in public accounting and moved into the private sector, gaining experience in such industries as real estate, relocation, employee recruitment, wholesale/retail operations and residential service businesses.
Stan has experience with many diverse accounting systems, assisted in their implementation along with being responsible to establish new accounting processes and training staff. His skills range from preparation of financial statements, general ledger analysis, budgeting, human resource, insurance audits, and health benefits management.
Bernice, who joined Devon in 1991, is responsible for a wide variety of functions, including payment of sub-contractor invoices, requisitioning funds from investors to fund construction, employee payroll, taxes, and various banking functions.
Bernice attended Ramapo College located in Mahwah, New Jersey.
Assistant Compliance Manager
Heather, who joined Devon as a Property Manager in 2012, has worked in property management for five years, specializing in the Tax Credit Program. In 2014, Heather was promoted to Assistant Compliance Manager.
Heather has earned the following designations: Real Estate Salesperson, Certified Occupancy Specialist, Site Compliance Specialist, and Tax Credit Certified. As an Assistant Compliance Manager, she oversees file maintenance and compliance reporting for all properties managed by Devon Management.
She received her Associate’s Degree from Sullivan County Community College.
Christina’s extensive background includes seven years of service in the United States Navy, stationed in such places as The Naval War College in Newport, Rhode Island. This included service as a Medevac Specialist in Rota Spain, working in emergency medical situations.
Since then, Christina has added 15 years of experience in the accounting field, working in a local bank, for a local school district, and for an import specialist. In these positions, her duties included transportation, accounts payable, accounts receivable, billing, journal entries, human resources, and much more.
In her current position with the company, Christina works directly with our Controller – assisting with accounting work such as accounts payable, financial reports, NYS Reports, journal entries, annual budgets, and much more.
Katie, who joined Devon in 2012, works directly with the Chief Operating Officer, as well as the accounting department and the management team.
Katie graduated from Rockland Community College with an associate’s degree in math and science. She was Vice President of Sugar Loaf Koi Inc. for 10 years prior to her employment with Devon, handling all business matters.