FAC Explorer

Audit 302412

FY End
2023-12-31
Total Expended
$812,822
Findings
0
Programs
1
Organization: Advance Housing Dmn, Inc. (NJ)
Year: 2023 Accepted: 2024-04-03
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $25,322 Yes 0

Contacts

Name Title Type
MQXLLFPMKNV3 Carolyn Jaime Auditee
2014989140 Tara Del Gavio Auditor
No contacts on file

Notes to SEFA

Title: SUBRECIPIENTS Accounting Policies: BASIS OF PRESENTATION The schedule of expenditures of federal, state, and local awards (the Schedule) include the federal grant activity of HUD Project No. 031-HD139 of Advance Housing DNM, Inc. (the Organization), and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the de minimis cost rate when allocating indirect costs to its federal and state programs. During the year ended December 31, 2023, the Organization did not provide any funds relating to its federal and state programs to subrecipients.
Title: LOAN AND LOAN GUARANTEE PROGRAMS Accounting Policies: BASIS OF PRESENTATION The schedule of expenditures of federal, state, and local awards (the Schedule) include the federal grant activity of HUD Project No. 031-HD139 of Advance Housing DNM, Inc. (the Organization), and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. De Minimis Rate Used: N Rate Explanation: During the year ended December 31, 2023, the Organization did not elect to use the de minimis cost rate when allocating indirect costs to its federal and state programs. As of December 31, 2023, there is $787,500 outstanding on the HUD capital advance.