FAC Explorer

Audit 412324

FY End
2025-09-30
Total Expended
$3.57M
Findings
2
Programs
1
Organization: Steger Housing Development Fund Company (NY)
Year: 2025 Accepted: 2026-09-28
Auditor: EFPR GROUP CPAS PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1236885 2025-001 Material Weakness Yes L
1236886 2025-002 Material Weakness Yes C

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $159,425 Yes 0

Contacts

Name Title Type
S6WTLY82K1H5 John Lutz Auditee
3154241821 Christopher M. Johnston Auditor
No contacts on file

Notes to SEFA

SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 3407000.
The accompanying schedule of expenditures of federal awards presents the activity of federal award programs of Steger Housing Development Fund Company, Inc., Project No.014-EE057. The schedule includes expenditures of federal programs received directly from federal agencies.
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting and 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).

Finding Details

Finding 2025-001
The annual required filing of the data collection form and reporting package to the Federal Audit Clearinghouse was submitted past the due date.
Finding 2025-002
It was observed during the audit that the Organization failed to make timely monthly deposits into the replacement reserve.