FAC Explorer

Audit 28083

FY End
2022-12-31
Total Expended
$73.09M
Findings
0
Programs
25
Organization: Enterprise Community Partners, Inc. (MD)
Year: 2022 Accepted: 2023-06-29
Auditor: Cohnreznick LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.014 Community Development Financial Institutions Bond Guarantee Program $44.73M Yes 0
14.252 Section 4 Capacity Building for Community Development and Affordable Housing $10.80M - 0
21.011 Capital Magnet Fund $6.55M - 0
21.020 Community Development Financial Institutions Program $2.87M - 0
14.259 Community Compass Technical Assistance and Capacity Building $1.84M - 0
21.024 Covid-19 Community Development Financial Institutions Rapid Response Program $1.83M Yes 0
10.415 Rural Rental Housing Loans $1.53M - 0
14.225 Community Development Block Grants/special Purpose Grants/insular Areas $1.37M Yes 0
10.446 Rural Community Development Initiative Grant $257,819 - 0
21.009 Volunteer Income Tax Assistance (vita) Matching Grant Program $229,667 - 0
14.871 Section 8 Housing Choice Vouchers $219,322 - 0
81.041 State Energy Program $200,000 - 0
14.191 Multifamily Housing Service Coordinators $124,218 - 0
10.890 Rural Development Cooperative Agreement Program $122,050 - 0
14.259 Covid-19 Community Compass Technical Assistance and Capacity Building $88,642 - 0
14.536 Research and Evaluations, Demonstrations, and Data Analysis and Utilization $82,612 - 0
10.494 Multi-Family Housing Non-Profit Transfer Technical Assistance Grants $69,485 - 0
14.256 Neighborhood Stabilization Program (recovery Act Funded) $44,581 - 0
21.117 Neighborworks America $40,000 - 0
14.272 National Disaster Resilience Competition $29,765 - 0
21.027 Covid-19 Coronavirus State and Local Fiscal Recovery Funds $22,348 - 0
20.500 Federal Transit_capital Investment Grants $17,638 - 0
21.116 Neighborworks America $8,311 - 0
14.264 Neighborhood Stabilization Program $2,852 - 0
45.024 Promotion of the Arts_grants to Organizations and Individuals $184 - 0

Contacts

Name Title Type
GZACXJ53CWR7 Bill Beckmann Auditee
9149534174 Christopher Griffin Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Enterprise Community Partners, Inc. and its Subsidiaries and Affiliates under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of Enterprise Community Partners, Inc. and its Subsidiaries and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Enterprise Community Partners, Inc. and its Subsidiaries and Affiliates. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following as applicable, either the cost principles in OMB Circular A-122 or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Both Rate Explanation: Enterprise Community Partners, Inc. operates under an Indirect Cost Rate Agreement that is approved by the U.S. Department of Housing and Urban Development. Whereas, certain affiliates of Enterprise Community Partners, Inc. subject to the requirements under the Uniform Guidance have elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance, as applicable. RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 1468796. STATE ENERGY PROGRAM (81.041) - Balances outstanding at the end of the audit period were N/A. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM (21.014) - Balances outstanding at the end of the audit period were 28903006.