FAC Explorer

Audit 395961

FY End
2025-06-30
Total Expended
$795,186
Findings
0
Programs
1
Organization: Stonybrook I Housing Services, Inc. (MA)
Year: 2025 Accepted: 2026-03-30
Auditor: GRASSI & CO CPAS PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.188 HOUSING FINANCE AGENCIES (HFA) RISK SHARING $795,186 Yes 0

Contacts

Name Title Type
QJ92F8ETUSN3 Nancy Van Alst Auditee
9784590551 Brendan E. Toolin Iii, CPA Auditor
No contacts on file

Notes to SEFA

StonyBrook I Housing Services, Inc. received a mortgage loan partially guaranteed by the U.S. Department of Housing and Urban Development (HUD) under Section 542(c) of the Housing and Community Development Act of 1992, as amended. The balance shown in the Schedule represents HUD's 50% risk sharing obligation of the principal balance of the mortgage loan as of the beginning of the year ended June 30, 2025. The balance of the mortgage loan outstanding at June 30, 2025 was $1,590,371.