FAC Explorer

Audit 375888

FY End
2025-06-30
Total Expended
$2.81M
Findings
0
Programs
2
Organization: Interfaith Housing Corporation Project B (IN)
Year: 2025 Accepted: 2025-12-18
Auditor: AGRESTA STORMS & O'LEARY PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.134 MORTGAGE INSURANCE RENTAL HOUSING $2.43M Yes 0
14.856 LOWER INCOME HOUSING ASSISTANCE PROGRAM SECTION 8 MODERATE REHABILITATION $381,432 Yes 0

Contacts

Name Title Type
NE6CKXG5GAN1 Shirley Wentz Auditee
7659660064 Matt Buchmeier Auditor
No contacts on file

Notes to SEFA

Mortgage Payable The mortgage note, originally for $3,082,600, provides for monthly payments of $17,329, including interest at 5.88% per annum through May 2044. In addition, monthly deposits for insurance and debt service reserves are required. This note is collateralized by real estate and a security interest in all assets and income of the Corporation. The balance of the mortgage at June 30, 2025 was $2,364,830.