FAC Explorer

Audit 11069

FY End
2023-05-31
Total Expended
$5.27M
Findings
0
Programs
2
Organization: J.t. Hairston Memorial Apartments INC (NC)
Year: 2023 Accepted: 2024-01-11
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $4.38M Yes 0
14.195 Section 8 Housing Assistance Payments Program $888,459 Yes 0

Contacts

Name Title Type
YJSDKGKLWHA6 Lisa Ore Auditee
3363751552 Heather Perry Auditor
No contacts on file

Notes to SEFA

Title: Note 3 Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The Corporation has elected to not use the 10% de minimis cost rate. The balance of the HUD Section 207 pursuant to Section 223(f) mortgage note payable at May 31, 2023 is $4,312,634.