FAC Explorer

Audit 374814

FY End
2024-12-31
Total Expended
$1.13M
Findings
1
Programs
4
Organization: Bellevue Rotary Senior Housing Corporation (OH)
Year: 2024 Accepted: 2025-12-15
Auditor: CLARK SCHAEFER HACKETT & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1164892 2024-001 Material Weakness Yes AB

Programs

ALN Program Spent Major Findings
10.415 RURAL RENTAL HOUSING LOANS $903,649 Yes 1
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $113,602 Yes 0
14.103 INTEREST REDUCTION PAYMENTS_RENTAL AND COOPERATIVE HOUSING FOR LOWER INCOME FAMILIES $110,894 Yes 0
14.191 MULTIFAMILY HOUSING SERVICE COORDINATORS $6,356 Yes 0

Contacts

Name Title Type
GMYDJGW3PWV1 Donnald J. Heckelmoser, Jr. Auditee
2165217260 Devesh Kamal Auditor
No contacts on file

Finding Details

Finding 2024-001
Criteria: Compliance with USDA RD regulations and the Loan Agreement requires funds to be used for the project. Condition: During 2024, the Corporation used fund of $17,273 for purposes unrelated to the Corporation. Questioned Costs: $17,273 Cause: Management company failed to comply with the requirement. Effect: The Corporation was not in full compliance with USDA RD regulations and the Loan Agreement regarding improper use of project cash. Recommendation: Management should repay the amount as permitted by operating cash flow.