FAC Explorer

Audit 305674

FY End
2023-12-31
Total Expended
$2.22M
Findings
2
Programs
2
Organization: Alex W. Thompson Housing Corporation 033-Ee018 (PA)
Year: 2023 Accepted: 2024-05-07
Auditor: Felix & Gloekler PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
396117 2023-001 Significant Deficiency Yes ALN
972559 2023-001 Significant Deficiency Yes ALN

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $2.17M Yes 1
14.195 Section 8 Housing Assistance Payments Program $48,576 - 0

Contacts

Name Title Type
N3BHDJ9CVU63 James Sherrod Auditee
4045268900 Stephen J Falk, III Auditor
No contacts on file

Notes to SEFA

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. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: N Rate Explanation: Alex W. Thompson Housing Corporation has elected to not use the de minimis cost rate.

Finding Details

Finding 2023-001
The Organization made all of its deposits to the replacement reserve account, but did not make the February, March, April, May, June, July, and August deposits on time.
Finding 2023-001
The Organization made all of its deposits to the replacement reserve account, but did not make the February, March, April, May, June, July, and August deposits on time.