FAC Explorer

Audit 13880

FY End
2023-09-30
Total Expended
$4.87M
Findings
2
Programs
2
Organization: Saint Joseph Housing Corporation (PA)
Year: 2023 Accepted: 2024-01-26
Auditor: Dauby O'Connor & Zaleski LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
10228 2023-001 Significant Deficiency - M
586670 2023-001 Significant Deficiency - M

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $4.31M Yes 1
14.195 Section 8 Housing Assistance Payments Program $555,611 - 0

Contacts

Name Title Type
W5KNH4BPCLP6 John Prendergast Auditee
2152487244 Kristen E Kelleher Auditor
No contacts on file

Notes to SEFA

Title: Note 1 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. The schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
Title: Note 2 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. The Corporation has elected to not use the 10% de minimis cost rate.
Title: Note 3 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. The balance of the HUD Section 202 pursuant to Section 223(f) mortgage payable at September 30, 2023 is $4,163,082.

Finding Details

Finding 2023-001
Finding reference number: 2023-001 Assistance Listing (Federal award identification number and year): Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects, Assistance Listing No 14.155 (Project identification number 034-11172, March 2013) Auditor non-compliance code: M-Security Deposits Finding resolution status: Resolved Universe population size: 10 Sample size information: 10 Statistically valid sample: 2 Name of Federal agency: Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition 2023-001: The Corporation did not refund the security deposit for two residents within 30 days after the move-out date. Criteria: Pursuant to 6-18 of the HUD Handbook 4350.3 Chapter 6 Lease Requirements and Leasing Activities, residents security deposit refunds should be refunded within 30 days after the move-out date, if the amount is not owed to the Corporation. Effect: The Corporation is not in compliance with Section 6-18 of the HUD Handbook 4350.3 Chapter 6 Lease Requirements and Leasing Activities. Cause: Management did not process the refund to two residents timely. Recommendation: Management should ensure that upon termination of a resident's lease the process for determining security deposit refunds are completed within 30 days of the move-out date. Management's response: Management concurs with the finding and agrees with the auditor's recommendation. Management now has controls in place to ensure processing of security deposit refunds are completed within 30 days of the move-out date.
Finding 2023-001
Finding reference number: 2023-001 Assistance Listing (Federal award identification number and year): Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects, Assistance Listing No 14.155 (Project identification number 034-11172, March 2013) Auditor non-compliance code: M-Security Deposits Finding resolution status: Resolved Universe population size: 10 Sample size information: 10 Statistically valid sample: 2 Name of Federal agency: Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition 2023-001: The Corporation did not refund the security deposit for two residents within 30 days after the move-out date. Criteria: Pursuant to 6-18 of the HUD Handbook 4350.3 Chapter 6 Lease Requirements and Leasing Activities, residents security deposit refunds should be refunded within 30 days after the move-out date, if the amount is not owed to the Corporation. Effect: The Corporation is not in compliance with Section 6-18 of the HUD Handbook 4350.3 Chapter 6 Lease Requirements and Leasing Activities. Cause: Management did not process the refund to two residents timely. Recommendation: Management should ensure that upon termination of a resident's lease the process for determining security deposit refunds are completed within 30 days of the move-out date. Management's response: Management concurs with the finding and agrees with the auditor's recommendation. Management now has controls in place to ensure processing of security deposit refunds are completed within 30 days of the move-out date.