FAC Explorer

Audit 372786

FY End
2024-12-31
Total Expended
$765,460
Findings
2
Programs
1
Organization: Wingo Elderly Housing Corporation D/b/a Locust Ridge Apartments (KY)
Year: 2024 Accepted: 2025-12-02
Auditor: COMER NOWLING AND ASSOCIATES PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1163269 2024-001 Material Weakness Yes P
1163270 2024-002 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $34,760 Yes 0

Contacts

Name Title Type
TU5ZMNX8G9C7 Amy Hobbs Auditee
2702476391 Gregory Nowling Auditor
No contacts on file

Notes to SEFA

Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited to reimbursement. Pass-through identifying numbers are presented where available.

Finding Details

Finding 2024-001
Surplus cash was not deposited into a residual receipts account within 90 days of year-end. Additionally, the full deposit was not able to be deposited due to an insufficient cash balance.
Finding 2024-002
The audited financial statements for the year ended December 31, 2024 were not filed into the REAC system within 90 days after the year end.