FAC Explorer

Audit 5277

FY End
2023-03-31
Total Expended
$2.47M
Findings
0
Programs
1
Organization: Tyson Place Housing Development Fund Company, Inc. (NY)
Year: 2023 Accepted: 2023-12-05
Auditor: Bonadio & CO LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly (section 202) $2.47M Yes 0

Contacts

Name Title Type
NWEGULQ22K26 Kyle Lyskawa Auditee
3154241821 Bettina Lipphardt Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Basis of Presentation This schedule of expenditures of federal awards includes the federal grant activity of Tyson Place Housing Development Fund Company, Inc. (St. Joseph Manor Apartments), HUD Project NO. 014-EE032-NY06-S921-010 (the Corporation) and is presented on the accrual basis of accounting. 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. Capital Advance The Corporation obtained from HUD a capital advance for the construction of its facilities. The outstanding balance of this capital advance at March 31, 2023 was $2,473,100. Indirect Costs The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Indirect Costs The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.