FAC Explorer

Audit 1384

FY End
2023-01-31
Total Expended
$2.58M
Findings
0
Programs
2
Organization: Malone Community Center Housing Corporation Dba Malone Manor 10311083 (IN)
Year: 2023 Accepted: 2023-10-25
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 $2.33M Yes 0
14.195 Section 8 Housing Assistance Payments Program $249,303 - 0

Contacts

Name Title Type
H11KKSJZ1CM6 Christopher Purcell Auditee
5622575100 Matt Catlin 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 January 31, 2023 is $2,286,169.