FAC Explorer

Audit 306872

FY End
2023-12-31
Total Expended
$2.25M
Findings
0
Programs
1
Organization: Douglas Pointe III Associates, LLC (IN)
Year: 2023 Accepted: 2024-05-22
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 $2.25M Yes 0

Contacts

Name Title Type
JS2YVBH6AHY8 Derek Hammond Auditee
3178169300 Brandon Harshman 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 December 31, 2023 is $2,179,186.