Finding reference number: 2023-001
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-001: For the year ended December 31, 2022, the Corporation did
not submit audited financial statements to the Federal Audit Clearinghouse within 30 calendar days
after receipt of the auditor's report on March 31, 2023. The audited financial statements were
submitted to the Federal Audit Clearinghouse on May 11, 2023.
Criteria: Pursuant to 2 CFR 200.512(a), the Corporation is required to electronically submit audited
financial statements to the Federal Audit Clearinghouse within the earlier of 30 calendar days after
receipt of the auditor's report or nine months after the end of the audit period.
Effect: The Corporation is not in compliance with the federal reporting requirements.
Cause: Management oversight.
Recommendation: The Corporation should submit audited financial statements to the Federal Audit
Clearinghouse within the time frames required.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. The audited financial statements have been submitted to the Federal Audit
Clearinghouse. No further action required.
Finding reference number: 2023-001
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-001: For the year ended December 31, 2022, the Corporation did
not submit audited financial statements to the Federal Audit Clearinghouse within 30 calendar days
after receipt of the auditor's report on March 31, 2023. The audited financial statements were
submitted to the Federal Audit Clearinghouse on May 11, 2023.
Criteria: Pursuant to 2 CFR 200.512(a), the Corporation is required to electronically submit audited
financial statements to the Federal Audit Clearinghouse within the earlier of 30 calendar days after
receipt of the auditor's report or nine months after the end of the audit period.
Effect: The Corporation is not in compliance with the federal reporting requirements.
Cause: Management oversight.
Recommendation: The Corporation should submit audited financial statements to the Federal Audit
Clearinghouse within the time frames required.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. The audited financial statements have been submitted to the Federal Audit
Clearinghouse. No further action required.
Finding reference number: 2023-002
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-002: During the year ended December 31, 2023, the Corporation
did not make the required deposits to the reserve for replacements.
Criteria: Pursuant to the HUD regulatory agreement, the Corporation is required to make deposits
to the reserve for replacements in the required amount of $43,884.
Effect: The Corporation is not in compliance with the HUD regulatory agreement and the reserve for
replacements is underfunded.
Cause: The Corporation did not have sufficient funds in the operating cash account to make the
deposit.
Recommendation: Management should make a deposit to the reserve for replacements for $657 for
the delinquent deposit. In future periods, management should fund the reserve for replacements on
an annual basis as required by the HUD regulatory agreement or request HUD approval for a
suspension of deposits.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. Management will make a deposit of $657 during the year ended December 31, 2024
for the delinquent deposit.
Finding reference number: 2023-002
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-002: During the year ended December 31, 2023, the Corporation
did not make the required deposits to the reserve for replacements.
Criteria: Pursuant to the HUD regulatory agreement, the Corporation is required to make deposits
to the reserve for replacements in the required amount of $43,884.
Effect: The Corporation is not in compliance with the HUD regulatory agreement and the reserve for
replacements is underfunded.
Cause: The Corporation did not have sufficient funds in the operating cash account to make the
deposit.
Recommendation: Management should make a deposit to the reserve for replacements for $657 for
the delinquent deposit. In future periods, management should fund the reserve for replacements on
an annual basis as required by the HUD regulatory agreement or request HUD approval for a
suspension of deposits.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. Management will make a deposit of $657 during the year ended December 31, 2024
for the delinquent deposit.
Finding reference number: 2023-001
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-001: For the year ended December 31, 2022, the Corporation did
not submit audited financial statements to the Federal Audit Clearinghouse within 30 calendar days
after receipt of the auditor's report on March 31, 2023. The audited financial statements were
submitted to the Federal Audit Clearinghouse on May 11, 2023.
Criteria: Pursuant to 2 CFR 200.512(a), the Corporation is required to electronically submit audited
financial statements to the Federal Audit Clearinghouse within the earlier of 30 calendar days after
receipt of the auditor's report or nine months after the end of the audit period.
Effect: The Corporation is not in compliance with the federal reporting requirements.
Cause: Management oversight.
Recommendation: The Corporation should submit audited financial statements to the Federal Audit
Clearinghouse within the time frames required.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. The audited financial statements have been submitted to the Federal Audit
Clearinghouse. No further action required.
Finding reference number: 2023-001
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-001: For the year ended December 31, 2022, the Corporation did
not submit audited financial statements to the Federal Audit Clearinghouse within 30 calendar days
after receipt of the auditor's report on March 31, 2023. The audited financial statements were
submitted to the Federal Audit Clearinghouse on May 11, 2023.
Criteria: Pursuant to 2 CFR 200.512(a), the Corporation is required to electronically submit audited
financial statements to the Federal Audit Clearinghouse within the earlier of 30 calendar days after
receipt of the auditor's report or nine months after the end of the audit period.
Effect: The Corporation is not in compliance with the federal reporting requirements.
Cause: Management oversight.
Recommendation: The Corporation should submit audited financial statements to the Federal Audit
Clearinghouse within the time frames required.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. The audited financial statements have been submitted to the Federal Audit
Clearinghouse. No further action required.
Finding reference number: 2023-002
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-002: During the year ended December 31, 2023, the Corporation
did not make the required deposits to the reserve for replacements.
Criteria: Pursuant to the HUD regulatory agreement, the Corporation is required to make deposits
to the reserve for replacements in the required amount of $43,884.
Effect: The Corporation is not in compliance with the HUD regulatory agreement and the reserve for
replacements is underfunded.
Cause: The Corporation did not have sufficient funds in the operating cash account to make the
deposit.
Recommendation: Management should make a deposit to the reserve for replacements for $657 for
the delinquent deposit. In future periods, management should fund the reserve for replacements on
an annual basis as required by the HUD regulatory agreement or request HUD approval for a
suspension of deposits.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. Management will make a deposit of $657 during the year ended December 31, 2024
for the delinquent deposit.
Finding reference number: 2023-002
Assistance Listing (Federal award identification number and year): Supportive Housing for the
Elderly, Assistance Listing No. 14.157, 143-EE054-WAH-NP and 2006
Auditor non-compliance code: Z - Other
Finding resolution status: Resolved
Universe population size: The universe population size is not applicable to the finding.
Sample size information: The sample size information is not applicable to the finding.
Statistically valid sample: N/A
Name of Federal agency: U.S. Department of Housing and Urban Development
Pass-through entity: N/A
Questioned costs: N/A
Statement of condition 2023-002: During the year ended December 31, 2023, the Corporation
did not make the required deposits to the reserve for replacements.
Criteria: Pursuant to the HUD regulatory agreement, the Corporation is required to make deposits
to the reserve for replacements in the required amount of $43,884.
Effect: The Corporation is not in compliance with the HUD regulatory agreement and the reserve for
replacements is underfunded.
Cause: The Corporation did not have sufficient funds in the operating cash account to make the
deposit.
Recommendation: Management should make a deposit to the reserve for replacements for $657 for
the delinquent deposit. In future periods, management should fund the reserve for replacements on
an annual basis as required by the HUD regulatory agreement or request HUD approval for a
suspension of deposits.
Management's response: Management concurs with the finding and agrees with the auditor's
recommendation. Management will make a deposit of $657 during the year ended December 31, 2024
for the delinquent deposit.