FAC Explorer

Audit 388121

FY End
2025-06-30
Total Expended
$6.21M
Findings
1
Programs
2
Organization: Stovall Housing Corporation Stovall Terrace (CA)
Year: 2025 Accepted: 2026-02-19
Auditor: HODGES & HAMMONS INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1174612 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.157 DBA LUMENT CAPITAL-HUD LOAN GURANTEE $4.30M Yes 0
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS $1.92M Yes 1

Contacts

Name Title Type
U6HTDKMZKHM6 Noel Sweitzer Auditee
3232311104 Paul R. Hammons Auditor
No contacts on file

Finding Details

Finding 2025-001
The lack of proper controls caused the submission of Required Audit Report to HUD REAC to be late. The Audit report was dated 11/25/2025. Thus, the REAC submission was late. Entities must adhere strictly to these deadlines to maintain compliance and funding eligibility.