FAC Explorer

Audit 382789

FY End
2025-09-30
Total Expended
$2.20M
Findings
1
Programs
2
Organization: Nhhi/asi Bloomington, Inc. (MN)
Year: 2025 Accepted: 2026-01-20
Auditor: BAKER MEINZ & ASSOCIATES LTD

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1169721 2025-001 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $250,000 Yes 0
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $183,340 Yes 0

Contacts

Name Title Type
LJUCQFPJJGQ6 Michael Thomas Auditee
6516399799 Brian Baker Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal award activity of NHHI/ASI Bloomington, Inc., HUD Project No. 092-HD051-WPD, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of NHHI/ASI Bloomington, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of NHHI/ASI Bloomington, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. NHHI/ASI Bloomington, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
There are no HUD loans in this Project.

Finding Details

Finding 2025-001
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2025-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project's replacement reserve cash balance was underfunded at September 30, 2025. Criteria: The Project underpaid six required monthly deposits into the replacement reserve account and withdrew the full amount for an invoice that had already been partially paid by a tenant. Effect: The replacement reserve cash balance was $738 less than it should be at September 30, 2025. Context: Activity in the replacement reserve account for the year ended September 30, 2025 was tested. No sample was tested. Questioned costs - $738; Cause: HUD adjusted the Project’s monthly replacement reserve deposit requirement during the year, but the Project failed to update its deposits accordingly, resulting in an underfunded account. Additionally, the Project withdrew the full amount for a HUD approved invoice, even though a portion had already been paid by a tenant. Recommendation: The Project should deposit $738 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will deposit $738 into the replacement reserve account. Questioned Costs - Department of Housing and Urban Development - $738; Non-compliance code - N