FAC Explorer

Audit 354659

FY End
2024-12-31
Total Expended
$8.03M
Findings
0
Programs
2
Organization: Grace Court, Inc. (CA)
Year: 2024 Accepted: 2025-04-25
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 $7.08M Yes 0
14.195 Project-Based Rental Assistance (pbra) $949,881 - 0

Contacts

Name Title Type
DSL9H898TH86 Derrick Lawson Auditee
8182470420 Christopher J. Petesch 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 mortgage note payable, under Section 207 pursuant to Section 223(f) at December 31, 2024 is $6,938,854.