FAC Explorer

Audit 338095

FY End
2024-06-30
Total Expended
$4.18M
Findings
2
Programs
1
Organization: United Winthrop Tower Cooperative (IL)
Year: 2024 Accepted: 2025-01-15
Auditor: Wieland Wallace INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
519299 2024-001 Material Weakness - I
1095741 2024-001 Material Weakness - I

Programs

ALN Program Spent Major Findings
14.195 Section 8 Housing Assistance Payments Program $4.18M Yes 1

Contacts

Name Title Type
G5TEKZAUHX67 Kalisha France Auditee
7737284848 Lindsay A. Wallace Auditor
No contacts on file

Notes to SEFA

Title: OTHER FEDERAL ASSISTANCE Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal expenditures activity of United Winthrop Tower Cooperative, HUD Project No. IL06-E000-052, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. During the year ended June 30, 2024, the Organization did not receive any other Federal assistance such as non-cash assistance, insurance, loans or loan guarantees.

Finding Details

Finding 2024-001
Finding Reference Number: 2024-001 Status: Resolved Statement of Condition: Inspections as required by HUD were not being performed during a change in management personnel. Criteria: Regular inspections are required by HUD. Effect: Noncompliance with regulatory agreement. Cause: Inadvertent clerical oversight. Recommendation: The Project should review all policies to assure they are in compliance with all regulatory agreements. Auditor Non-Compliance Code: I – Failure to maintain property/open physical inspection(s) Auditor’s Summary of Auditee’s Comments on the Findings and Recommendations: Clerical oversight. Response Indicator: Agrees Completion Date: November 6, 2024 Response: Management has started to perform inspections again, as required by HUD.
Finding 2024-001
Finding Reference Number: 2024-001 Status: Resolved Statement of Condition: Inspections as required by HUD were not being performed during a change in management personnel. Criteria: Regular inspections are required by HUD. Effect: Noncompliance with regulatory agreement. Cause: Inadvertent clerical oversight. Recommendation: The Project should review all policies to assure they are in compliance with all regulatory agreements. Auditor Non-Compliance Code: I – Failure to maintain property/open physical inspection(s) Auditor’s Summary of Auditee’s Comments on the Findings and Recommendations: Clerical oversight. Response Indicator: Agrees Completion Date: November 6, 2024 Response: Management has started to perform inspections again, as required by HUD.