Audit 379374

FY End

2025-06-30

Total Expended

$1.07M

Findings

Programs

Organization: Comprehend Properties Inc. (KY)

Year: 2025 Accepted: 2026-01-06

Auditor: KELLEY GALLOWAY SMITH GOOLSBY PSC

Organization Exclusion Status:

Checking exclusion status...

Findings

ID	Ref	Severity	Repeat	Requirement
1167902	2025-004	Material Weakness	Yes	J

Programs

ALN	Program	Spent	Major	Findings
14.155	MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS	$888,802	Yes	1
14.856	LOWER INCOME HOUSING ASSISTANCE PROGRAM SECTION 8 MODERATE REHABILITATION	$177,326	Yes	0

Contacts

Name	Title	Type
ZZC9CX51HF43	Donna Hicks	Auditee
6065644019	Steve Roberson	Auditor
No contacts on file

Notes to SEFA

The Organization has a mortgage which is insured by the Department of Housing and Urban Development. As determined by 2 CFR Section 200.502(b) the federal expenditure amount represents the loan balance as of July 1, 2024. The balance of the mortgage loan outstanding as of June 30, 2025 is $859,342. The Organization received no additional loans during the year.

Finding Details

Finding 2025-004

While performing Section 223(f) eligibility testing, we noted one instance out of 30 in which the income listed on HUD 50059 form did not match the income support in the tenant files. We noted three instances where the tenant was paying the incorrect rent amount.