FAC Explorer

Audit 56603

FY End
2022-12-31
Total Expended
$12.59M
Findings
0
Programs
7
Organization: Neighborhood Housing Services of New York City, INC (NY)
Year: 2022 Accepted: 2023-06-26
Auditor: Cerini and Associates LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.239 Home Investment Partnerships Program $7.89M Yes 0
99.U01 Revolving Loan and Capital Projects Fund $3.43M - 0
21.020 Community Development Financial Institutions Program $674,000 - 0
99.U02 Capital Lending $360,000 - 0
99.U03 Neighborworks America Grants $178,600 - 0
14.169 Housing Counseling Assistance Program $41,625 - 0
99.U19 Housing Stability Counseling Program $12,449 - 0

Contacts

Name Title Type
WAKJG94JA614 Vidya Rambahal Auditee
2125192553 Matt Burke Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of federal awards (the Schedule) includes the federal award activity ofNeighborhood Housing Services of New York City, Inc. and Affiliates (hereinafter collectively NHS)under programs of the federal government for the year ended December 31, 2022. The information inthis Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of NHS, it is not intended to and does not present the financial position, changes in netassets, or cash flows of NHS. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. DIRECT APPROPRIATIONS FROM US CONGRESS (21.000) - Balances outstanding at the end of the audit period were 3434168. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM (21.020) - Balances outstanding at the end of the audit period were 674000.