FAC Explorer

Audit 326267

FY End
2024-06-30
Total Expended
$5.27M
Findings
4
Programs
2
Organization: River Rouge Voa Elderly Housing, INC (sumby Senior Housing) (VA)
Year: 2024 Accepted: 2024-10-28
Auditor: Maddox & Associates Apc

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
503973 2024-001 - - N
503974 2024-002 - - A
1080415 2024-001 - - N
1080416 2024-002 - - A

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $4.87M Yes 2
14.239 Home Investment Partnerships Program $400,000 - 0

Contacts

Name Title Type
RDZVNBCCLKC5 Vanessa Tran Auditee
7033415000 Bryan Beale 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. The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Project has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Required monthly deposits to the replacement reserve are deficient in the amount of $3,334.
Finding 2024-002
Due to a delay in assistance payments, the management agent (a related party to the project sponsor) was forced to laon the project funds to avoid an interruption in services. The management agenet was not successful in getting HUD's approval for the additional replacement reserve funds to cover the deficit. When the assistance payments were finally received, the project repaid the related party loan in the amount of $25,000.
Finding 2024-001
Required monthly deposits to the replacement reserve are deficient in the amount of $3,334.
Finding 2024-002
Due to a delay in assistance payments, the management agent (a related party to the project sponsor) was forced to laon the project funds to avoid an interruption in services. The management agenet was not successful in getting HUD's approval for the additional replacement reserve funds to cover the deficit. When the assistance payments were finally received, the project repaid the related party loan in the amount of $25,000.