FAC Explorer

Audit 365479

FY End
2024-12-31
Total Expended
$1.88M
Findings
0
Programs
2
Organization: Foundation for the Homeless INC (TX)
Year: 2024 Accepted: 2025-09-03
Auditor: Atchley & Associates LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.04M Yes 0
14.231 Emergency Solutions Grant Program $50,246 - 0

Contacts

Name Title Type
RT27A3L45VY4 Monte Osburn Auditee
5124536570 Jeremy Myers Auditor
No contacts on file

Notes to SEFA

Title: NOTE 1: BASIS OF PRESENTATION Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Foundation for the Homeless, Inc. (the Foundation) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Subpart F Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, and Cost Principles, therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate The accompanying schedule of expenditures of federal awards includes the federal grant activity of Foundation for the Homeless, Inc. (the Foundation) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Subpart F Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, and Cost Principles, therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
Title: NOTE 2: INDIRECT COST RATE Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Foundation for the Homeless, Inc. (the Foundation) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Subpart F Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, and Cost Principles, therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate The Foundation has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.