FAC Explorer

Audit 380644

FY End
2025-09-30
Total Expended
$2.31M
Findings
2
Programs
2
Organization: Belmont Housing Associates, Inc. (CO)
Year: 2025 Accepted: 2026-01-09
Auditor: COMER NOWLING AND ASSOCIATES PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1168668 2025-001 Material Weakness Yes P
1168669 2025-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.134 MORTGAGE INSURANCE_RENTAL HOUSING $1.81M Yes 1
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $494,793 Yes 1

Contacts

Name Title Type
FC28PA5LZ552 Lori Mora Auditee
3036854239 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
Surplus cash was not deposited into a residual receipts account within 90 days of year-end.