FAC Explorer

Audit 374934

FY End
2025-07-31
Total Expended
$3.28M
Findings
1
Programs
2
Organization: St. Simeon II Housing Development Fund Company, Inc. (NY)
Year: 2025 Accepted: 2025-12-16
Auditor: COMER NOWLING AND ASSOCIATES PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1164963 2025-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.134 MORTGAGE INSURANCE_RENTAL HOUSING $2.51M Yes 1
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $772,961 Yes 0

Contacts

Name Title Type
GW62LNYLLUH7 Jennifer McEvoy Riley Auditee
8454719651 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 2025-001
The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year.