FAC Explorer

Audit 27487

FY End
2022-06-30
Total Expended
$2.70M
Findings
2
Programs
1
Organization: El Redentor Apartments, Inc. (el Redentor Apts) (LA)
Year: 2022 Accepted: 2022-11-08
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
21644 2022-001 - Yes A
598086 2022-001 - Yes A

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $2.70M Yes 1

Contacts

Name Title Type
XW1XHSLRDM23 Elsa Clark Auditee
7139100102 Bryan Beale Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR THE ELDERLY (14.157) - Balances outstanding at the end of the audit period were 2576800.

Finding Details

Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: In Process Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: Prior year finding reference: 2021-002 Criteria: Project funds may be used only for expenses that are reasonable and necessary to the operation of the project as provided for in the Regulatory Agreement between HUD and the project owner. Statement of Condition: Project funds were used to pay expenses of another project. Cause: Management directed the paying of other project's expenses due to lack of funds. Effect or Potential Effect: There is a receivable due from another project. Auditor Non-Compliance Code: G Questioned Costs: $2,089 Reporting Views of Responsible Officials: Management agrees with the finding. Context: Project funds were used to pay expenses of another project. Recommendation: The project should be reimbursed. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The funds will be reimbursed in the amount of $2,089. Response Indicator: Agree Completion Date: September 9, 2022 Response: Management agrees with the finding. The funds will be reimbursed in the amount of $2,089.
Finding 2022-001
Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: In Process Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: Prior year finding reference: 2021-002 Criteria: Project funds may be used only for expenses that are reasonable and necessary to the operation of the project as provided for in the Regulatory Agreement between HUD and the project owner. Statement of Condition: Project funds were used to pay expenses of another project. Cause: Management directed the paying of other project's expenses due to lack of funds. Effect or Potential Effect: There is a receivable due from another project. Auditor Non-Compliance Code: G Questioned Costs: $2,089 Reporting Views of Responsible Officials: Management agrees with the finding. Context: Project funds were used to pay expenses of another project. Recommendation: The project should be reimbursed. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The funds will be reimbursed in the amount of $2,089. Response Indicator: Agree Completion Date: September 9, 2022 Response: Management agrees with the finding. The funds will be reimbursed in the amount of $2,089.