FAC Explorer

Audit 13050

FY End
2023-06-30
Total Expended
$3.83M
Findings
0
Programs
4
Organization: Bishop (csi) Non-Profit Housing Corporation (MI)
Year: 2023 Accepted: 2024-01-23
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 $2.61M Yes 0
14.164 Operating Assistance for Troubled Multifamily Housing Projects $912,022 - 0
14.191 Multifamily Housing Service Coordinators $72,037 - 0
14.195 Section 8 Housing Assistance Payments Program $5,218 - 0

Contacts

Name Title Type
C4SCJ7FSMJB6 Cindy Lamb Auditee
5867539002 Jacob Buehler 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 June 30, 2023 is $2,529,450.
Title: Note 4 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 Section 201 Flexible Subsidy Note at June 30, 2023 is $872,094.