FAC Explorer

Audit 368336

FY End
2023-12-31
Total Expended
$1.46M
Findings
0
Programs
2
Organization: Fernclif Housing Development Fund Company, Inc. (NY)
Year: 2023 Accepted: 2025-09-29
Auditor: Bonadio & CO LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $1.37M Yes 0
14.195 Section 8 Housing Assistance Payments Program $83,777 Yes 0

Contacts

Name Title Type
YF8SHNF7X7Y9 Shadi Sifain Auditee
5853402000 Richard Leicht Auditor
No contacts on file

Notes to SEFA

The Company has received a Section 811 capital advance from HUD’s Supportive Housing for Persons with Disabilities program (Assistance Listing No. 14.181). Under the terms of the capital advance agreement, the Company must continue to operate for the specified purpose for 40 years in order to earn the advance. The outstanding balance of the capital advance was $1,372,103 at December 31, 2023.