FAC Explorer

Audit 379894

FY End
2025-03-10
Total Expended
$1.53M
Findings
1
Programs
2
Organization: Northern Kentucky Presbyterian Housing Corporation (IN)
Year: 2025 Accepted: 2026-01-07
Auditor: COMER NOWLING AND ASSOCIATES PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1168135 2025-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $1.48M Yes 1
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $51,095 Yes 0

Contacts

Name Title Type
NK3HMNC7EPJ6 Lynn Jones Auditee
8592332009 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 audited financial statements for the period ended March 10, 2025, were not filed into the REAC system within 90 days after period end.