FAC Explorer

Audit 7555

FY End
2023-03-31
Total Expended
$2.30M
Findings
0
Programs
2
Organization: Monsignor Adamski Village Housing Development Fund Company, Inc. (NY)
Year: 2023 Accepted: 2023-12-19
Auditor: Bonadio & CO LLP

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 $1.87M Yes 0
14.195 Section 8 Housing Assistance Payments Program $436,081 - 0

Contacts

Name Title Type
D3EQS8DJKBG6 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 Monsignor Adamski Village Housing Development Fund Company, Inc. (Adamski Village Apartments), HUD Project No. 014-11233, 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. Insured Mortgage Adamski Village Apartments obtained from HUD a guarantee of its mortgage payable. The outstanding balance of this mortgage at March 31, 2023 was $1,821,676. Indirect Costs Adamski Village Apartments 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 Adamski Village Apartments has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.