FAC Explorer

Audit 382643

FY End
2025-06-30
Total Expended
$1.48M
Findings
6
Programs
2
Organization: Prince Hall Plaza (IN)
Year: 2025 Accepted: 2026-01-20
Auditor: COMER NOWLING AND ASSOCIATES PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1169646 2025-001 Material Weakness Yes P
1169647 2025-001 Material Weakness Yes P
1169648 2025-002 Material Weakness Yes P
1169649 2025-002 Material Weakness Yes P
1169650 2025-003 Material Weakness Yes P
1169651 2025-003 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $1.16M Yes 3
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $324,470 Yes 3

Contacts

Name Title Type
Y9ARKKUMWMD3 Felicia Cunningham Auditee
7656749734 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 fiscal year-end June 30, 2024 were not filed into the REAC system within 90 days after the year-end.
Finding 2025-002
The Corporation did not fund the replacement reserve in the full amount required.
Finding 2025-003
The Corporation failed to make the required deposits within 90 days subsequent to the end of the fiscal year into the residual receipt account during the year.