FAC Explorer

Audit 319193

FY End
2023-12-31
Total Expended
$19.70M
Findings
6
Programs
5
Organization: Housing and Services, Inc. (NY)
Year: 2023 Accepted: 2024-09-10
Auditor: Citrin Cooperman & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
496301 2023-001 Material Weakness - L
496302 2023-001 Material Weakness - L
496303 2023-001 Material Weakness - L
1072743 2023-001 Material Weakness - L
1072744 2023-001 Material Weakness - L
1072745 2023-001 Material Weakness - L

Programs

ALN Program Spent Major Findings
14.241 Housing Opportunities for Persons with Aids $4.28M - 0
14.182 Section 8 New Construction and Substantial Rehabilitation $979,682 Yes 1
14.239 Home Investment Partnerships Program $766,710 Yes 0
14.267 Continuum of Care Program $408,700 - 0
14.195 Section 8 Housing Assistance Payments Program $180,803 Yes 1

Contacts

Name Title Type
CCQEMFNQ9JM5 Mark Shapiro Auditee
2122529377 John Eusanio Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION 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. De Minimis Rate Used: N Rate Explanation: Housing and Services, Inc. and Related Entities have elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. The accompanying consolidated and combined schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Housing and Services, Inc. and Related Entities under programs of the federal government for the year ended December 31, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of Housing and Services, Inc. and Related Entities, it is not intended to and does not present the consolidated and combined financial position, changes in net assets, or cash flows of Housing and Services, Inc. and Related Entities.
Title: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LOAN PROGRAM: 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. De Minimis Rate Used: N Rate Explanation: Housing and Services, Inc. and Related Entities have elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. Housing and Services, Inc. and Related Entities has received funding from the U.S. Department of Housing and Urban Development ("HUD") in the form of various loan programs. The loan balances outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. Housing and Services, Inc. and Related Entities received no additional loans during the year. The balance of the loans outstanding at December 31, 2023, consisted of the following: Federal Assistance Listing Number Program Name Outstanding Balance at December 31, 2023 14.241 Housing Opportunities for Persons with AIDS 1530710307 $1,000,000 14.241 Housing Opportunities for Persons with AIDS 5400019655 4,278,242 14.239 HOME Investment Partnerships Program 5401192338 8,770,543 14.239 HOME Investment Partnerships Program 5400019655 766,710 $14,815,495

Finding Details

Finding 2023-001
Finding No. 2023-001: Financial Reporting (Material Weakness) Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Section 8 Project-Based Cluster Federal Assistance Listing Number: 14.195, 14.182 Compliance Requirement: Reporting Criteria Housing and Services, Inc. and Related Entities (collectively, the "HSI Group") should maintain appropriate controls over the financial reporting process to prevent or detect material misstatements in its schedule of expenditures of federal awards ("SEFA") and timely file consolidated and combined audited financial statements to the federal audit clearinghouse ("FAC"). Condition The HSI Group did not have adequate controls over the financial reporting process and, as a result, was unable to timely file audited consolidated and combined financial statements to FAC and material adjustments to its SEFA were required. Cause HSI Group did not have sufficient controls over the financial reporting process to allow for timely filing of audited consolidated and combined financial statements to FAC and accurate SEFA preparation. Effect HSI Group did not submit its 2022 audited consolidated and combined financial statements to FAC within nine months of its fiscal year end and material adjustments were made to the SEFA for the inclusion of additional amounts and programs.The finding is a not repeat finding. Questioned costs None Recommendation HSI Group should review and enhance its internal controls, policies and procedures to ensure that the year-end close process is performed in a timely and accurate manner and includes complete and accurate reporting.
Finding 2023-001
Finding No. 2023-001: Financial Reporting (Material Weakness) Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Section 8 Project-Based Cluster Federal Assistance Listing Number: 14.195, 14.182 Compliance Requirement: Reporting Criteria Housing and Services, Inc. and Related Entities (collectively, the "HSI Group") should maintain appropriate controls over the financial reporting process to prevent or detect material misstatements in its schedule of expenditures of federal awards ("SEFA") and timely file consolidated and combined audited financial statements to the federal audit clearinghouse ("FAC"). Condition The HSI Group did not have adequate controls over the financial reporting process and, as a result, was unable to timely file audited consolidated and combined financial statements to FAC and material adjustments to its SEFA were required. Cause HSI Group did not have sufficient controls over the financial reporting process to allow for timely filing of audited consolidated and combined financial statements to FAC and accurate SEFA preparation. Effect HSI Group did not submit its 2022 audited consolidated and combined financial statements to FAC within nine months of its fiscal year end and material adjustments were made to the SEFA for the inclusion of additional amounts and programs.The finding is a not repeat finding. Questioned costs None Recommendation HSI Group should review and enhance its internal controls, policies and procedures to ensure that the year-end close process is performed in a timely and accurate manner and includes complete and accurate reporting.
Finding 2023-001
Finding No. 2023-001: Financial Reporting (Material Weakness) Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Section 8 Project-Based Cluster Federal Assistance Listing Number: 14.195, 14.182 Compliance Requirement: Reporting Criteria Housing and Services, Inc. and Related Entities (collectively, the "HSI Group") should maintain appropriate controls over the financial reporting process to prevent or detect material misstatements in its schedule of expenditures of federal awards ("SEFA") and timely file consolidated and combined audited financial statements to the federal audit clearinghouse ("FAC"). Condition The HSI Group did not have adequate controls over the financial reporting process and, as a result, was unable to timely file audited consolidated and combined financial statements to FAC and material adjustments to its SEFA were required. Cause HSI Group did not have sufficient controls over the financial reporting process to allow for timely filing of audited consolidated and combined financial statements to FAC and accurate SEFA preparation. Effect HSI Group did not submit its 2022 audited consolidated and combined financial statements to FAC within nine months of its fiscal year end and material adjustments were made to the SEFA for the inclusion of additional amounts and programs.The finding is a not repeat finding. Questioned costs None Recommendation HSI Group should review and enhance its internal controls, policies and procedures to ensure that the year-end close process is performed in a timely and accurate manner and includes complete and accurate reporting.
Finding 2023-001
Finding No. 2023-001: Financial Reporting (Material Weakness) Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Section 8 Project-Based Cluster Federal Assistance Listing Number: 14.195, 14.182 Compliance Requirement: Reporting Criteria Housing and Services, Inc. and Related Entities (collectively, the "HSI Group") should maintain appropriate controls over the financial reporting process to prevent or detect material misstatements in its schedule of expenditures of federal awards ("SEFA") and timely file consolidated and combined audited financial statements to the federal audit clearinghouse ("FAC"). Condition The HSI Group did not have adequate controls over the financial reporting process and, as a result, was unable to timely file audited consolidated and combined financial statements to FAC and material adjustments to its SEFA were required. Cause HSI Group did not have sufficient controls over the financial reporting process to allow for timely filing of audited consolidated and combined financial statements to FAC and accurate SEFA preparation. Effect HSI Group did not submit its 2022 audited consolidated and combined financial statements to FAC within nine months of its fiscal year end and material adjustments were made to the SEFA for the inclusion of additional amounts and programs.The finding is a not repeat finding. Questioned costs None Recommendation HSI Group should review and enhance its internal controls, policies and procedures to ensure that the year-end close process is performed in a timely and accurate manner and includes complete and accurate reporting.
Finding 2023-001
Finding No. 2023-001: Financial Reporting (Material Weakness) Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Section 8 Project-Based Cluster Federal Assistance Listing Number: 14.195, 14.182 Compliance Requirement: Reporting Criteria Housing and Services, Inc. and Related Entities (collectively, the "HSI Group") should maintain appropriate controls over the financial reporting process to prevent or detect material misstatements in its schedule of expenditures of federal awards ("SEFA") and timely file consolidated and combined audited financial statements to the federal audit clearinghouse ("FAC"). Condition The HSI Group did not have adequate controls over the financial reporting process and, as a result, was unable to timely file audited consolidated and combined financial statements to FAC and material adjustments to its SEFA were required. Cause HSI Group did not have sufficient controls over the financial reporting process to allow for timely filing of audited consolidated and combined financial statements to FAC and accurate SEFA preparation. Effect HSI Group did not submit its 2022 audited consolidated and combined financial statements to FAC within nine months of its fiscal year end and material adjustments were made to the SEFA for the inclusion of additional amounts and programs.The finding is a not repeat finding. Questioned costs None Recommendation HSI Group should review and enhance its internal controls, policies and procedures to ensure that the year-end close process is performed in a timely and accurate manner and includes complete and accurate reporting.
Finding 2023-001
Finding No. 2023-001: Financial Reporting (Material Weakness) Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Section 8 Project-Based Cluster Federal Assistance Listing Number: 14.195, 14.182 Compliance Requirement: Reporting Criteria Housing and Services, Inc. and Related Entities (collectively, the "HSI Group") should maintain appropriate controls over the financial reporting process to prevent or detect material misstatements in its schedule of expenditures of federal awards ("SEFA") and timely file consolidated and combined audited financial statements to the federal audit clearinghouse ("FAC"). Condition The HSI Group did not have adequate controls over the financial reporting process and, as a result, was unable to timely file audited consolidated and combined financial statements to FAC and material adjustments to its SEFA were required. Cause HSI Group did not have sufficient controls over the financial reporting process to allow for timely filing of audited consolidated and combined financial statements to FAC and accurate SEFA preparation. Effect HSI Group did not submit its 2022 audited consolidated and combined financial statements to FAC within nine months of its fiscal year end and material adjustments were made to the SEFA for the inclusion of additional amounts and programs.The finding is a not repeat finding. Questioned costs None Recommendation HSI Group should review and enhance its internal controls, policies and procedures to ensure that the year-end close process is performed in a timely and accurate manner and includes complete and accurate reporting.