FAC Explorer

Audit 24783

FY End
2022-12-31
Total Expended
$15.01M
Findings
0
Programs
8
Organization: Northwest Real Estate Capital Corp. and Subsidiaries (ID)
Year: 2022 Accepted: 2023-06-26
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.415 Rural Rental Housing Loans $8.00M Yes 0
14.182 Section 8 New Construction and Substantial Rehabilitation $2.69M - 0
10.427 Rural Rental Assistance Payments $1.16M - 0
21.011 Capital Magnet Fund $1.08M Yes 0
14.275 Housing Trust Fund $1.02M Yes 0
10.415 Interest Credit Subsidy $511,329 Yes 0
14.258 Tax Credit Assistance Program $441,460 - 0
14.191 Multifamily Housing Service Coordinators $110,781 - 0

Contacts

Name Title Type
LJCKKJJFCJV6 Noel Gill Auditee
2083759407 Emily L. Rosiello Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances 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 auditee did not use the de minimis cost rate. TAX CREDIT ASSISTANCE PROGRAM - PASS-THROUGH GRANTOR-OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT, STATE OF OREGON, BALANCE OF TAX CREDIT ASSISTANCE PROGRAM NOTE PAYABLE AS OF JANUARY 1, 2022 (#1272)(14.258) - Balances outstanding at the end of the audit period were 331094. BALANCE OF RURAL HOUSING SERVICE (RHS) LOANS AS OF JANUARY 1, 2022 (10.415) - Balances outstanding at the end of the audit period were 7834921.