FAC Explorer

Audit 39821

FY End
2022-12-31
Total Expended
$8.59M
Findings
0
Programs
4
Organization: Presbyterian Apartments at 58th Street (CA)
Year: 2022 Accepted: 2023-04-27
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects - Balance of Mortgage Note Payable As of January 1, 2022 Under Section 207 Pursuant to Section 223(f) of the National Housing Act $6.73M Yes 0
14.218 Community Development Block Grants/entitlement Grants $950,000 Yes 0
14.195 Section 8 Housing Assistance Payments Program $904,986 - 0
14.195 Section 8 Housing Assistance Payments Program - Covid-19 Supplemental Payments $4,590 - 0

Contacts

Name Title Type
MVKLW295AXC1 Derrick Lawson Auditee
8182470420 Christopher J. Petesch Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 6625007. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 950000.