FAC Explorer

Audit 308273

FY End
2024-02-29
Total Expended
$2.36M
Findings
0
Programs
3
Organization: Bonham Rhf Housing, Inc. Dba Pecan Place 112-Eh109 (CA)
Year: 2024 Accepted: 2024-06-06
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 $1.98M Yes 0
14.195 Section 8 Housing Assistance Payments Program $295,693 - 0
14.157 Supportive Housing for the Elderly $80,000 Yes 0

Contacts

Name Title Type
DDQQLEBBKL15 Dean Chung Auditee
5622575100 Matt Catlin 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 HUD Section 202 mortgage note payable at February 29, 2024 is $80,000.
Title: Note 4 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 202 mortgage note payable at February 29, 2024 is $1,949,244.