FAC Explorer

Audit 327179

FY End
2024-07-31
Total Expended
$11.49M
Findings
0
Programs
2
Organization: Friendship House III Dba the Towers 073-11585 (CA)
Year: 2024 Accepted: 2024-11-04
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 $9.49M Yes 0
14.195 Project-Based Rental Assistance (pbra) $2.00M - 0

Contacts

Name Title Type
MNC8ERH5B5A8 Dean Chung Auditee
5622575100 Jacob Buehler Auditor
No contacts on file

Notes to SEFA

Title: Note 3 Accounting Policies: The schedule of expenditues 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 minimus cost rate. The balance of the HUD Section 207 pursuant to Section 223(f) mortgage note payable at July 31, 2024 is $9,219,330.