FAC Explorer

Audit 353522

FY End
2024-12-31
Total Expended
$4.17M
Findings
4
Programs
3
Organization: Pfi Housing Company of Auburn Inc. Edward T Boyle Center (NY)
Year: 2024 Accepted: 2025-04-14
Auditor: Bonadio & CO LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
554924 2024-001 - Yes N
554925 2024-001 - Yes N
1131366 2024-001 - Yes N
1131367 2024-001 - Yes N

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.34M Yes 1
14.195 Section 8 Housing Assistance Payments Program $768,481 Yes 1
21.027 Coronavirus State and Local Fiscal Recovery Funds $65,000 - 0

Contacts

Name Title Type
CPEUATLLKD18 Kyle Lyskawa Auditee
3154241821 Bettina Lipphardt Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of Presentation This schedule of expenditures of federal awards includes the federal grant activity of PFI Housing Company of Auburn, Inc. (Edward T. Boyle Center), HUD Project No. 014-11161 (the Corporation), and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Insured Mortgage The Corporation obtained from HUD a guarantee of its mortgage payable. The outstanding balance of this mortgage at December 31, 2024 was $3,237,237. Indirect Costs The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Indirect Costs The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Finding 2023-001 (Repeat Finding): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 and Section 8 Project-Based Cluster – Project Based Rental Assistance (PBRA), Federal Assistance Listing Number 14.195 Criteria: The HUD Handbook requires owners to perform and document inspections of each unit on at least an annual basis. Condition: Unit inspections were not performed during the year. Context: We reviewed 15 tenant files for documentation of unit inspections. Cause: Edward T. Boyle Center did not ensure unit inspections were performed during the year. Effect: The tenant’s unit may not be in a decent, safe, and sanitary condition. Recommendation: We recommend that Edward T. Boyle Center resume unit inspections and ensure those inspections are properly documented in the tenant files. Views of management and planned corrective action: Edward T. Boyle Center has resumed unit inspections and will ensure those inspections are properly documented in the tenant files.
Finding 2024-001
Finding 2023-001 (Repeat Finding): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 and Section 8 Project-Based Cluster – Project Based Rental Assistance (PBRA), Federal Assistance Listing Number 14.195 Criteria: The HUD Handbook requires owners to perform and document inspections of each unit on at least an annual basis. Condition: Unit inspections were not performed during the year. Context: We reviewed 15 tenant files for documentation of unit inspections. Cause: Edward T. Boyle Center did not ensure unit inspections were performed during the year. Effect: The tenant’s unit may not be in a decent, safe, and sanitary condition. Recommendation: We recommend that Edward T. Boyle Center resume unit inspections and ensure those inspections are properly documented in the tenant files. Views of management and planned corrective action: Edward T. Boyle Center has resumed unit inspections and will ensure those inspections are properly documented in the tenant files.
Finding 2024-001
Finding 2023-001 (Repeat Finding): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 and Section 8 Project-Based Cluster – Project Based Rental Assistance (PBRA), Federal Assistance Listing Number 14.195 Criteria: The HUD Handbook requires owners to perform and document inspections of each unit on at least an annual basis. Condition: Unit inspections were not performed during the year. Context: We reviewed 15 tenant files for documentation of unit inspections. Cause: Edward T. Boyle Center did not ensure unit inspections were performed during the year. Effect: The tenant’s unit may not be in a decent, safe, and sanitary condition. Recommendation: We recommend that Edward T. Boyle Center resume unit inspections and ensure those inspections are properly documented in the tenant files. Views of management and planned corrective action: Edward T. Boyle Center has resumed unit inspections and will ensure those inspections are properly documented in the tenant files.
Finding 2024-001
Finding 2023-001 (Repeat Finding): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 and Section 8 Project-Based Cluster – Project Based Rental Assistance (PBRA), Federal Assistance Listing Number 14.195 Criteria: The HUD Handbook requires owners to perform and document inspections of each unit on at least an annual basis. Condition: Unit inspections were not performed during the year. Context: We reviewed 15 tenant files for documentation of unit inspections. Cause: Edward T. Boyle Center did not ensure unit inspections were performed during the year. Effect: The tenant’s unit may not be in a decent, safe, and sanitary condition. Recommendation: We recommend that Edward T. Boyle Center resume unit inspections and ensure those inspections are properly documented in the tenant files. Views of management and planned corrective action: Edward T. Boyle Center has resumed unit inspections and will ensure those inspections are properly documented in the tenant files.