FAC Explorer

Audit 54036

FY End
2022-12-31
Total Expended
$7.45M
Findings
0
Programs
2
Organization: Telacu Housing-Hawthorne, Inc. Dba Telacu Terrace 122-11369 (CA)
Year: 2022 Accepted: 2023-09-27
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 $6.67M Yes 0
14.195 Section 8 Housing Assistance Payments Program $175 Yes 0

Contacts

Name Title Type
HX5KQGE6K7K1 Tom Provencio Auditee
3237211655 Claire Baker 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 of accounting. De Minimis Rate Used: N Rate Explanation: The Corporation has elected to not use the 10% 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 6521389.