FAC Explorer

Audit 374714

FY End
2022-12-31
Total Expended
$1.75M
Findings
0
Programs
2
Organization: GOOD NEWS II, INC. OF STATESVILLE (NC)
Year: 2022 Accepted: 2025-12-15
Auditor: SHARPE PATEL PLLC

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 $1.52M Yes 0
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $233,768 Yes 0

Contacts

Name Title Type
NYSNSVK6ECN7 Linda Taylor Auditee
9198780522 Jay Sharpe Auditor
No contacts on file

Notes to SEFA

Theaccompanyingscheduleoffederalawards("schedule")includesthefederalawardandloanactivityoftheOrganizationunderprogramsofthefederalgovernmentfortheyearendedDecember31,2022.TheinformationinthisscheduleispresentedinaccordancewiththerequirementsofTitle2U.S.codeofFederalRegulationsPart200,UniformAdministrativeRequirements,CostPrinciples,andAuditRequirementsforFederalAwards("UniformGuidance").Therefore,someamountspresentedinthisschedulemaydifferfromamountspresentedin,orusedinthepreparationof,thebasicfinancialstatements.
FortheyearendedDecember31,2022,theOrganizationprovidednofundstosubrecipients.
TheOrganizationholdsamortgagerefinancedunderSection202pursuanttoSection223(f)oftheNationalHousingAct.Themortgagebalanceoutstandingatthebeginningoftheyearisincludedintheschedule.TheOrganizationreceivednoadditionalloansduringthefiscalyearandthemortgage balance at December 31, 2022 was $1,519,487.