FAC Explorer

Audit 317863

FY End
2024-05-31
Total Expended
$5.51M
Findings
0
Programs
2
Organization: J.t. Hairston Memorial Apartments INC (NC)
Year: 2024 Accepted: 2024-08-26
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 $4.31M Yes 0
14.195 Project Based Rental Assistance (pbra) $1.20M Yes 0

Contacts

Name Title Type
YJSDKGKLWHA6 Lisa Ore Auditee
3363751552 Heather Perry 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 May 31, 2024 is $4,241,845.