FAC Explorer

Audit 39964

FY End
2022-09-30
Total Expended
$1.25M
Findings
4
Programs
4
Organization: Native Partnership for Housing, INC (NM)
Year: 2022 Accepted: 2023-09-28
Auditor: Sjt Group LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
45763 2022-002 Material Weakness - C
45764 2022-003 Significant Deficiency - L
622205 2022-002 Material Weakness - C
622206 2022-003 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $555,080 Yes 2
21.012 Native Initiatives $256,128 - 0
21.116 Network Supplemental $220,000 - 0
21.116 Network Supplmental $4,000 - 0

Contacts

Name Title Type
T9NZBMMWEQJ3 Priscilla Otero Auditee
5057220551 Jeremiah Armijo Auditor
No contacts on file

Notes to SEFA

Title: Reconcilation to the Consolidated Financial Statements Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: NPH has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance. Expenditures reported in the schedule of expenditures offederal awards $ 1,245,861Expenditures funded by other sources 2,024,753Total expenses reported in the consolidated financialstatements $ 3,270,614
Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: NPH has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includesthe federal grant activity of Native Partnership for Housing, Inc. (NPH) under programsof the federal government for the year ended September 30, 2022. Because the Schedulepresents only a selected portion of the operations of NPH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of NPH

Finding Details

Finding 2022-002
NPH did not maintain cash and cash equivalents at least equal to the amount of unspent grant funds advanced from federal agencies at year-end. At September 30, 2022, NPH?s unrestricted cash and cash equivalents and unearned grant revenue (grants received in advance) totaled $380,195 and $1,321,280, respectively. As a result, unspent grant funds held by NPH exceeded the amount of available cash and cash equivalents by $941,085.
Finding 2022-003
NPH did not submit the annual federal reporting package within nine months after September 30, 2022.
Finding 2022-002
NPH did not maintain cash and cash equivalents at least equal to the amount of unspent grant funds advanced from federal agencies at year-end. At September 30, 2022, NPH?s unrestricted cash and cash equivalents and unearned grant revenue (grants received in advance) totaled $380,195 and $1,321,280, respectively. As a result, unspent grant funds held by NPH exceeded the amount of available cash and cash equivalents by $941,085.
Finding 2022-003
NPH did not submit the annual federal reporting package within nine months after September 30, 2022.