Texas · Nonprofit · $2M-$10M in federal spending
FIVE MILE FLATS, LLC
DALLAS, TX
The FY2025 single audit reports 1 finding: 1 significant deficiency, 1 repeat. Audits on file for FY2023–FY2025: FY2023, FY2024, FY2025.
Score: 11 of 100 (FY2025 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 0 | 24 |
| Significant deficiencies | 3 points each | 3 | 9 |
| Repeat findings | 5 points each | 5 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 3 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 0 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 0 | 5 |
| Score | | 11 | 100 |
Federal funding, FY2025
$5,336,223 in federal awards spent, across 1 program. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Housing and Urban Development | $5,336,223 |
FY2025 audit
- FAC record
- 2025-08-GSAFAC-0000418812
- Fiscal year end
- August 31, 2025
- Accepted by FAC
- September 28, 2026; submitted 120 days after its due date (May 31, 2026)
- Federal spending
- $5,336,223 · 1 program
- Major programs
- 1
- Score
- 11 of 100
Finding 2025-001
significant deficiencyrepeat finding
- Program
- MORTGAGE INSURANCE_RENTAL AND COOPERATIVE HOUSING FOR MODERATE INCOME FAMILIES AND ELDERLY, MARKET INTEREST RATE (14.135)
- Compliance requirement
- Other
- Repeat
- Chain of 2 audit years; prior finding 2024-001
- FAC record
- FY2025 audit on fac.gov
Finding text from the filing
The Organization does not have written policies, procedures, and standards of conduct required by 2 Code
of Federal Regulations, Part 200 - Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards, Subpart D - Post Federal Award Requirements and Subpart E - Cost
Principles.
FY2024 audit
- FAC record
- 2024-08-GSAFAC-0000368012
- Fiscal year end
- August 31, 2024
- Accepted by FAC
- May 12, 2025
- Federal spending
- $5,555,829 · 1 program
- Major programs
- 1
- Score
- 0 of 100
Finding 2024-001
other findings
- Program
- MORTGAGE INSURANCE_RENTAL AND COOPERATIVE HOUSING FOR MODERATE INCOME FAMILIES AND ELDERLY, MARKET INTEREST RATE (14.135)
- Compliance requirement
- Other
- FAC record
- FY2024 audit on fac.gov
Finding text from the filing
The Organization does not have written policies, procedures, and standards of conduct required by 2 Code of Federal Regulations, Part 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart D - Post Federal Award Requirements and Subpart E - Cost Principles.
FY2023 audit
- FAC record
- 2023-08-GSAFAC-0000020056
- Fiscal year end
- August 31, 2023
- Accepted by FAC
- January 29, 2024
- Federal spending
- $5,769,719 · 1 program
- Major programs
- 1
- Score
- 0 of 100
No findings reported.