FAC Explorer

Audit 356603

FY End
2024-12-31
Total Expended
$12.81M
Findings
0
Programs
5
Organization: Northwest Real Estate Capital Corp. and Subsidiaries (ID)
Year: 2024 Accepted: 2025-05-19
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.182 Lower Income Housing Assistance Program_section 8 New Construction/substantial Rehabilitation $3.00M Yes 0
10.427 Rural Rental Assistance Payments $1.34M - 0
10.415 Rural Rental Housing Loans $508,636 Yes 0
14.258 Tax Credit Assistance Program (recovery Act Funded) $220,728 Yes 0
14.191 Multifamily Housing Service Coordinators $113,988 - 0

Contacts

Name Title Type
LJCKKJJFCJV6 Jason Nickel Auditee
2083227566 Emily Rosiello Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances 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. Tax Credit Assistance Program (Assistance Listing No. 14.258) - The balance of the Tax Credit Assistance Program note payable at December 31, 2024 is $110,362. Rural rental assistance payments 10.427 The balance of Rural Rental Housing Loans at December 31, 2024 is $7,439,786.