Audit 325539

FY End

2024-06-30

Total Expended

$7.26M

Findings

4

Programs

1

Organization: Rivertown Neighborhood Senior Dba Rivertown Senior Apts. 044-Ee112 (MI)

Year: 2024 Accepted: 2024-10-22

Auditor: Plante & Moran PLLC

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
503379	2024-300	Significant Deficiency	-	E
503380	2024-300	Significant Deficiency	-	E
1079821	2024-300	Significant Deficiency	-	E
1079822	2024-300	Significant Deficiency	-	E

ALN	Program	Spent	Major	Findings
14.157	Supportive Housing for the Elderly	$6.99M	Yes	1

Contacts

Name	Title	Type
RQDLPGC591A3	Bruce Blalock	Auditee
2482812020	Lisa Vargo	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Rivertown Neighborhood Senior Non-Profit Housing Corporation d/b/a Rivertown Senior Apartments and is presented on the same basis of accounting as the financial statements. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.

Finding Details

Finding 2024-300

Finding Type: - Immaterial noncompliance with major program requirements - Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for the Elderly - Project Rental Assistance Contract and Capital Advance Finding Resolution Status - In Process Information on Universe and Population Size - - The total population size is the total number of units of 50. Sample Size Information - Two out of the five sample size Identification of Repeat Finding and Finding Reference Number - N/A Criteria - HUD requires tenant files to utilize the use of EIV and the Organization should have controls in place to ensure EIV is properly being utilized. Statement of Condition The Organization failed to maintain the proper EIV documentation. Cause - The Organization failed maintain the support of EIV for two of the five selected samples. Effect or Potential Effect - - The EIV was not properly kept in the tenant file. Auditor Noncompliance Code - S - Internal control deficiency Reporting Views of Responsible Officials - -The Organization should implement internal controls to ensure that the EIV system is properly utilized and saved in the tenant files. Recommendation - Management should retain all signed release forms in the respective tenant files. Response Indicator - Agree Response - Management acknowledges the significant deficincy in interal control over compliance and has taken measures to improve internal control over compliance by ensuring the EIV system will be properly unitlized.

Finding 2024-300

Finding Type: - Immaterial noncompliance with major program requirements - Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for the Elderly - Project Rental Assistance Contract and Capital Advance Finding Resolution Status - In Process Information on Universe and Population Size - - The total population size is the total number of units of 50. Sample Size Information - Two out of the five sample size Identification of Repeat Finding and Finding Reference Number - N/A Criteria - HUD requires tenant files to utilize the use of EIV and the Organization should have controls in place to ensure EIV is properly being utilized. Statement of Condition The Organization failed to maintain the proper EIV documentation. Cause - The Organization failed maintain the support of EIV for two of the five selected samples. Effect or Potential Effect - - The EIV was not properly kept in the tenant file. Auditor Noncompliance Code - S - Internal control deficiency Reporting Views of Responsible Officials - -The Organization should implement internal controls to ensure that the EIV system is properly utilized and saved in the tenant files. Recommendation - Management should retain all signed release forms in the respective tenant files. Response Indicator - Agree Response - Management acknowledges the significant deficincy in interal control over compliance and has taken measures to improve internal control over compliance by ensuring the EIV system will be properly unitlized.

Finding 2024-300

Finding Type: - Immaterial noncompliance with major program requirements - Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for the Elderly - Project Rental Assistance Contract and Capital Advance Finding Resolution Status - In Process Information on Universe and Population Size - - The total population size is the total number of units of 50. Sample Size Information - Two out of the five sample size Identification of Repeat Finding and Finding Reference Number - N/A Criteria - HUD requires tenant files to utilize the use of EIV and the Organization should have controls in place to ensure EIV is properly being utilized. Statement of Condition The Organization failed to maintain the proper EIV documentation. Cause - The Organization failed maintain the support of EIV for two of the five selected samples. Effect or Potential Effect - - The EIV was not properly kept in the tenant file. Auditor Noncompliance Code - S - Internal control deficiency Reporting Views of Responsible Officials - -The Organization should implement internal controls to ensure that the EIV system is properly utilized and saved in the tenant files. Recommendation - Management should retain all signed release forms in the respective tenant files. Response Indicator - Agree Response - Management acknowledges the significant deficincy in interal control over compliance and has taken measures to improve internal control over compliance by ensuring the EIV system will be properly unitlized.

Finding 2024-300

Finding Type: - Immaterial noncompliance with major program requirements - Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for the Elderly - Project Rental Assistance Contract and Capital Advance Finding Resolution Status - In Process Information on Universe and Population Size - - The total population size is the total number of units of 50. Sample Size Information - Two out of the five sample size Identification of Repeat Finding and Finding Reference Number - N/A Criteria - HUD requires tenant files to utilize the use of EIV and the Organization should have controls in place to ensure EIV is properly being utilized. Statement of Condition The Organization failed to maintain the proper EIV documentation. Cause - The Organization failed maintain the support of EIV for two of the five selected samples. Effect or Potential Effect - - The EIV was not properly kept in the tenant file. Auditor Noncompliance Code - S - Internal control deficiency Reporting Views of Responsible Officials - -The Organization should implement internal controls to ensure that the EIV system is properly utilized and saved in the tenant files. Recommendation - Management should retain all signed release forms in the respective tenant files. Response Indicator - Agree Response - Management acknowledges the significant deficincy in interal control over compliance and has taken measures to improve internal control over compliance by ensuring the EIV system will be properly unitlized.