Audit 31725

FY End

2022-06-30

Total Expended

$995,906

Findings

4

Programs

1

Organization: Housing Partners for Positive Living, Inc. (RI)

Year: 2022 Accepted: 2022-10-23

Auditor: D'ambra CPA

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
32513	2022-001	-	-	N
32514	2022-002	-	-	N
608955	2022-001	-	-	N
608956	2022-002	-	-	N

ALN	Program	Spent	Major	Findings
14.181	Supportive Housing for Persons with Disabilities	$133,069	Yes	0

Contacts

Name	Title	Type
LSGRAMWNKA45	Rita Gandhi	Auditee
4012351700	Craig D'ambra	Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: 1. The schedule of expenditures of federal awards includes the federal award activity of the Corporation. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of theCorporation, it is not intended to and does not present the financial position, changes in net assets, or cash flowsof the Corporation.2. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendituresare not allowable or are limited as to reimbursement. The Corporation has elected not to use the 10 percent deminimisindirect cost rate allowed under the Uniform Guidance.3. The Corporation received loans directly or indirectly from the U.S. Department of Housing and UrbanDevelopment which are included above. If there were no current year advances on the loan, the loan balance abovereflects the beginning of the year balance. If there were advances on the loan, the loan balance above reflects thehighest balance during the year.4. Certain grants, while fully expended, contain continuing compliance requirements and are thus included in theSchedule.12 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES (14.181) - Balances outstanding at the end of the audit period were 862837.

Finding Details

Finding 2022-001

Finding 2022-001: Federal program - Section 811: Criteria - HUD regulations require residual receipt escrow funds in excess of $250 per unit to be remitted to HUD upon expiration of the subsidy contract; Condition - the property?s residual receipts liability for the prior year totaling $14,181 was not paid; Cause - management oversight; Recommendation - management remit to HUD the prior year residual receipts amount as required. In addition, the current year additional excess totaling $23,624 should also be remitted. Response: Management will remit to HUD the prior year?s and current year?s residual receipts amount.

Finding 2022-002

Finding 2022-002: Federal program - Section 811: Criteria - HUD regulations requires surplus cash be deposited within 90 days of year end; Condition - management deposited the prior year?s surplus cash 28 days late; Cause - management oversight; Recommendation - management should deposit the surplus cash within the 90 day time period Response: Management will deposit future surplus cash in a timely manner.

Finding 2022-001

Finding 2022-001: Federal program - Section 811: Criteria - HUD regulations require residual receipt escrow funds in excess of $250 per unit to be remitted to HUD upon expiration of the subsidy contract; Condition - the property?s residual receipts liability for the prior year totaling $14,181 was not paid; Cause - management oversight; Recommendation - management remit to HUD the prior year residual receipts amount as required. In addition, the current year additional excess totaling $23,624 should also be remitted. Response: Management will remit to HUD the prior year?s and current year?s residual receipts amount.

Finding 2022-002

Finding 2022-002: Federal program - Section 811: Criteria - HUD regulations requires surplus cash be deposited within 90 days of year end; Condition - management deposited the prior year?s surplus cash 28 days late; Cause - management oversight; Recommendation - management should deposit the surplus cash within the 90 day time period Response: Management will deposit future surplus cash in a timely manner.