Audit 404033

FY End
2025-12-31
Total Expended
$1.29M
Findings
0
Programs
2
Organization: Freeman Forest Housing CORP (ME)
Year: 2025 Accepted: 2026-06-18

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.415 RURAL RENTAL HOUSING LOANS $1.11M Yes 0
10.427 RURAL RENTAL ASSISTANCE PAYMENTS $184,145 Yes 0

Contacts

Name Title Type
W664XTYNELY6 Karen Paul Auditee
2079476795 Michael Jones Auditor
No contacts on file

Notes to SEFA

In connection with the interest credit agreement with Rural Development the Organization received nonmonetary rental assistance of $43,281 for the year ended December 31, 2025. This amount is included in the total expenditures for the Rural Rental Housing Loans (CFDA No. 10.415) program in the accompanying schedule of expenditures of federal awards.
As of December 31, 2025, outstanding loan balances under the Rural Rental Housing Loans program (CFDA No. 10.415) and included in the accompanying schedule of expenditures of federal awards was $1,044,828, including $5,328 of deferred accrued interest.