Nonpartisan civic infrastructure

Walnut Hills Redevelopment Foundation INC

Public charityFed auditsIRS 990

Community Development · CINCINNATI, OH · EIN 31-0921713

Overview Money In Money Out People Connected Orgs Audits Positions Interview Endorsements

Federal Audit History

Single audits filed with the Federal Audit Clearinghouse

$1.3M in federal awards expended in FY2024

Year	Federal $ expended	Auditor	Opinion	Flags
2024	$1.3M	Locey, Mitchell & Associates, Ltd.	Unmodified (clean)	Material weakness

Federal Programs

Top programs · FY2024

Program	Agency	Expended	Major program	Findings
Coronavirus State and Local Fiscal Recovery Funds via Cincinnati Development Fund	Treasury	$1.2M	Yes	2
Community Development Block Grants/entitlement Grants via Homebase	HUD	$85K	No	0
Section 4 Capacity Building for Community Development and Affordable Housing via Local Initiatives Support Corporation	HUD	$30K	No	0

Audit Findings

FY2024 · auditor's own text

2024-001ReportingMaterial weaknessQuestioned costs

Reference Number: 2024-001 Internal control material weakness Program: 21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS Criteria: Proper recording of transactions in accordance with GAAP as agreements are signed and/or when funds are received. Condition: The…

2024-002Reporting

Reference Number: 2024-002 Program: 21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS Criteria: Reports to the Federal Audit Clearinghouse (FAC) are due within 30 days of receiving the auditors’ report or nine months after the end of the fiscal year, whichever is earlier…

Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).