FAC Explorer

Audit 49114

FY End
2022-08-31
Total Expended
$2.49M
Findings
0
Programs
2
Organization: Pinehurst Retirement Housing, Inc. Dba Pinehurst Apartments 113-11333 (CA)
Year: 2022 Accepted: 2022-12-26
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $2.13M Yes 0
14.195 Section 8 Housing Assistance Payments Program $357,235 - 0

Contacts

Name Title Type
Z97MAMD2AAF3 Christopher Purcell Auditee
5622575100 Jacob Buehler Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The schedule of expenditures of federal awards is prepared on the accrual basis ofaccounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 2098846.