FAC Explorer

Audit 336516

FY End
2023-12-31
Total Expended
$1.54M
Findings
2
Programs
3
Organization: The Healing Place Inc. and Subsidiaries (KY)
Year: 2023 Accepted: 2025-01-08
Auditor: Lbmc PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
518229 2023-002 - - L
1094671 2023-002 - - L

Programs

ALN Program Spent Major Findings
64.024 Va Homeless Providers Grant and Per Diem Program $1.07M Yes 1
14.239 Home Investment Partnerships Program $280,000 - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $190,000 - 0

Contacts

Name Title Type
MTBBUU6682V9 Craig Calvert Auditee
5025854848 Meaghan Reynolds Auditor
No contacts on file

Notes to SEFA

Title: Note A 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 and/or OMB Circular A 122, Cost Principles for Non Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THP has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of The Healing Place, Inc. (THP) under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of THP, it is not intended to and does not present the financial position, changes in net assets or cash flows of THP. We have audited the consolidated financial statements of The Healing Place, Inc. and Subsidiaries (the Organization) as of and for the year ended December 31, 2023. The Organization consists of a number of entities, discussed in Note A to the consolidated financial statements. Our audit of compliance, on pages 31 through 33, only includes the federal grant activity of The Healing Place, Inc. because the affiliated entities either do not receive or expend federal awards, or they separately report their federal awards, if reporting thresholds are met by any of the affiliates.
Title: Note B‐‐Summary of Significant Accounting Policies 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 and/or OMB Circular A 122, Cost Principles for Non Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THP has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. 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 and/or OMB Circular A‐122, Cost Principles for Non‐Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note C‐‐Indirect Cost Rate 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 and/or OMB Circular A 122, Cost Principles for Non Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THP has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. THP has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Title: Note D HOME Investment Partnerships Program Loan 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 and/or OMB Circular A 122, Cost Principles for Non Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: THP has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Guidance.

Finding Details

Finding 2023-002
Finding No. 2023-002: Timeliness of Reporting Condition: Standard Form 425 was remitted past the required submission date. Criteria: The Federal Financial Report Instructions specify that annual reports be submitted no later than 90 days after the project or grant period end date. Cause: The September 30, 2023 grant period annual report was required to be submitted no later than 90 days after September 30, but was submitted on January 30, 2024. Perspective Information: Assistance listing number 64.024 has a grant period end date of September 30, which gives the form a due date for the period under audit of December 29. Recommendation: We recommend that management implement procedures to ensure that the report is completed, reviewed and remitted timely. View of Responsible Officials: We agree with the finding that the Form 425 was remitted past the required submission date. The Healing Place, Inc. has suffered significant turnover over the course of the last two years, due to this turnover the person responsible for the form was/is no longer with the Organization, causing the form to not be located until January 2024, after the due date. The Healing Place, inc. has reviewed and updated the process and procedures around the submission of Form 425, including an updated contact list ensuring that the form will be located and reviewed in a timely manner.
Finding 2023-002
Finding No. 2023-002: Timeliness of Reporting Condition: Standard Form 425 was remitted past the required submission date. Criteria: The Federal Financial Report Instructions specify that annual reports be submitted no later than 90 days after the project or grant period end date. Cause: The September 30, 2023 grant period annual report was required to be submitted no later than 90 days after September 30, but was submitted on January 30, 2024. Perspective Information: Assistance listing number 64.024 has a grant period end date of September 30, which gives the form a due date for the period under audit of December 29. Recommendation: We recommend that management implement procedures to ensure that the report is completed, reviewed and remitted timely. View of Responsible Officials: We agree with the finding that the Form 425 was remitted past the required submission date. The Healing Place, Inc. has suffered significant turnover over the course of the last two years, due to this turnover the person responsible for the form was/is no longer with the Organization, causing the form to not be located until January 2024, after the due date. The Healing Place, inc. has reviewed and updated the process and procedures around the submission of Form 425, including an updated contact list ensuring that the form will be located and reviewed in a timely manner.