FAC Explorer

Audit 307352

FY End
2023-12-31
Total Expended
$13.02M
Findings
0
Programs
8
Organization: Northwest Real Estate Capital Corp. and Subsidiaries (ID)
Year: 2023 Accepted: 2024-05-28
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 $7.83M Yes 0
14.182 Section 8 New Construction and Substantial Rehabilitation $2.78M - 0
10.427 Rural Rental Assistance Payments $1.25M - 0
10.415 Interest Credit Subsidy $510,403 Yes 0
14.258 Tax Credit Assistance Program $331,094 - 0
21.011 Capital Magnet Fund $150,000 - 0
14.191 Multifamily Housing Service Coordinators $112,072 - 0
14.275 Housing Trust Fund $50,000 - 0

Contacts

Name Title Type
LJCKKJJFCJV6 Noel Gill Auditee
2089478593 Emily Rosiello Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The schedule of federal awards is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The Corporation elected not to use the 10% de minimus 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, 2023 (#1272)(14.258) - Balances outstanding at the end of the audit period were $220,728.
Title: Loan/loan guarantee outstanding balances Accounting Policies: The schedule of federal awards is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The Corporation elected not to use the 10% de minimus cost rate. BALANCE OF RURAL HOUSING SERVICE (RHS) LOANS AS OF JANUARY 1, 2023 (10.415) - Balances outstanding at the end of the audit period were $7,634,313.