FAC Explorer

Audit 397837

FY End
2025-12-31
Total Expended
$3.91M
Findings
1
Programs
2
Organization: The Russell House, INC (VA)
Year: 2025 Accepted: 2026-04-07
Auditor: BROWN EDWARDS & COMPANY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1206024 2025-001 Material Weakness Yes G

Programs

ALN Program Spent Major Findings
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $2.48M Yes 1
14.856 LOWER INCOME HOUSING ASSISTANCE PROGRAM SECTION 8 MODERATE REHABILITATION $1.43M Yes 0

Contacts

Name Title Type
PQ6JR7K83FX4 Kathryn, Overacker Auditee
5405634565 John Shannon Aldridge Auditor
No contacts on file

Notes to SEFA

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 expenditures of federal awards presented above. The Corporation received no additional loans during the year. The balance of the loan outstanding at December 31, 2024 was $2,382,879

Finding Details

Finding 2025-001
Condition The auditor-certified REAC was submitted more than 90 calendar days after fiscal year end. Criteria The auditor-certified REAC must be submitted no later than 90 calendar days after the date of the report issuance. Cause The auditor-certified REAC was not submitted until May 27, 2025, which was 57 days after the deadline. Effect The auditor-certified REAC was not submitted timely. Recommendation We recommend the auditor-certified REAC be submitted less than 90 days after fiscal year end.