FAC Explorer

Audit 398848

FY End
2025-12-31
Total Expended
$1.17M
Findings
1
Programs
4
Organization: Bellevue Rotary Senior Housing Corporation (OH)
Year: 2025 Accepted: 2026-04-15
Auditor: CLARK SHAEFER HACKETT & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1206843 2025-001 Material Weakness Yes AB

Programs

ALN Program Spent Major Findings
10.415 RURAL RENTAL HOUSING LOANS $848,142 Yes 1
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $203,720 Yes 0
14.103 INTEREST REDUCTION PAYMENTS RENTAL AND COOPERATIVE HOUSING FOR LOWER INCOME FAMILIES $110,894 Yes 0
14.191 MULTIFAMILY HOUSING SERVICE COORDINATORS $6,511 Yes 0

Contacts

Name Title Type
GMYDJGW3PWV1 Donnald J. Heckelmoser, Jr. Auditee
2165217260 Nathan Hale Auditor
No contacts on file

Finding Details

Finding 2025-001
Criteria: Compliance with USDA RD regulations and the Loan Agreement requires funds to be used for the project. Condition: During 2024, the Corporation paid various costs towards a Low-Income Housing Tax Credit application in the amount of $17,273 without consent from RD. The unallowable payments are included in accounts receivable at December 31, 2025 and 2024. Questioned Costs: $17,273. Cause: Management did not comply with the proper use of project cash requirement. Effect: The Corporation was not in full compliance with USDA RD regulations regarding improper use of project cash. Recommendation: Management should seek either approval from RD or repay the project as fiscally possible.