FAC Explorer

Audit 401227

FY End
2025-12-31
Total Expended
$11.26M
Findings
0
Programs
11
Organization: Northern Great Lakes Initiatives and Subsidiaries (MI)
Year: 2025 Accepted: 2026-05-12
Auditor: ANDREWS HOOPER PAVLIK PLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
59.012 7(A) LOAN GUARANTEES $2.87M Yes 0
10.767 INTERMEDIARY RELENDING PROGRAM $1.37M Yes 0
11.034 MBDA CAPITAL READINESS PROGRAM $845,119 Yes 0
21.020 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM $625,000 Yes 0
59.046 MICROLOAN PROGRAM $468,710 Yes 0
59.062 INTERMEDIARY LOAN PROGRAM $405,329 Yes 0
21.033 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND EQUITABLE RECOVERY PROGRAM (CDFI ERP) $343,999 Yes 0
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $130,128 Yes 0
14.252 SECTION 4 CAPACITY BUILDING FOR COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING $33,464 Yes 0
10.870 RURAL MICROENTREPRENEUR ASSISTANCE PROGRAM $20,960 Yes 0
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $14,897 Yes 0

Contacts

Name Title Type
XKLQDKGBJY15 Barbara Cromell Auditee
9062285571 Stephanie Cleaver Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Northern Great Lakes Initiatives and Subsidiaries (Northern Initiatives) under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Northern Initiatives, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Northern Initiatives.
See the Notes to the SEFA for chart/table