FAC Explorer

Audit 392975

FY End
2025-12-31
Total Expended
$2.08M
Findings
1
Programs
3
Organization: Marywood, INC 051-11178-Np (formerly 051-Eh053-Wah/l8) (VA)
Year: 2025 Accepted: 2026-03-20
Auditor: BROWN EDWARDS & COMPANY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1181714 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $1.15M Yes 1
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $893,058 Yes 0
14.191 MULTIFAMILY HOUSING SERVICE COORDINATORS $34,012 Yes 0

Contacts

Name Title Type
GMTLNC4BJM49 Kathryn, Overacker Auditee
5405634565 John Shannon Aldridge Auditor
No contacts on file

Notes to SEFA

Marywood, Inc. (the “Corporation”) has received a Section 223(f) HUD insured mortgage. The loan balance outstanding at the beginning of the year is included in the schedule of expenduters of federal awards. The Corporation received no additional loans during the year. The balance outstanding at December 31, 2025 was $635,149

Finding Details

Finding 2025-001
Condition: The Data Collection Form was submitted more than 30 calendar days after the report issuance. Criteria:The Data Collection Form must be submitted no later than the earlier of 9 months after year end or 30 calendar days after the date of the report issuance. Cause: The auditee did not submit the data collection form until April 30, 2025, which was 17 days past the deadline. Effect: The Data Collection Form was not submitted timely. Recommendation: We recommend the Data Collection Form be submitted less than 30 days after report issuance.