Audit 342089

FY End
2024-06-30
Total Expended
$2.50M
Findings
8
Programs
1
Year: 2024 Accepted: 2025-02-11

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
522706 2024-001 - - E
522707 2024-002 - - N
522708 2024-003 - - N
522709 2024-004 - - N
1099148 2024-001 - - E
1099149 2024-002 - - N
1099150 2024-003 - - N
1099151 2024-004 - - N

Programs

ALN Program Spent Major Findings
14.195 Project-Based Rental Assistance (pbra) $2.50M Yes 4

Contacts

Name Title Type
UDUKDN3DEYC1 Irene Phillips Auditee
9548359200 Jennifer R. Koffman 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: Senior Citizens Housing Development Corporation of Chicago has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Senior Citizens Housing Development Corporation of Chicago, operating as Senate Apartments, HUD Project No.IL061086201, 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 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 Senior Citizens Housing Development Corporation of Chicago, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Senior Citizens Housing Development Corporation of Chicago.

Finding Details

FINDING No. 2024-001: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: Two hundred fifty-seven tenants. Sample Size Information: Twenty-five tenants. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD regulations require all initial and ongoing tenant eligibility documentation to be obtained timely and maintained during tenancy. Statement of Condition: Missing documentation in tenant files: Six tenants were missing required signed lease addendums. One tenant was missing a signed and dated apartment application. One tenant did not include the VAWA lease addendum. One tenant was missing the criminal background check. Cause: The Project did not maintain appropriate tenant eligibility documentation as required by HUD. Effect or Potential Effect: Unable to verify tenant eligibility and cost of assistance may be disallowed. Auditor Non-Compliance Code: R – Section 8 Program Administration Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should implement procedures to ensure that proper initial eligibility procedures are conducted for potential tenants and that tenant files are accurately maintained. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Monthly reminders are being sent to all managers to run their EIV reports for the month. In addition, random files are being reviewed by compliance to ensure EIV reports are pulled, unit inspections performed, and required documentation is complete and accurate.
FINDING No. 2024-002: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: All replacement reserve deposits for the year ended June 30, 2024. Sample Size Information: All replacement reserve deposits for the year ended June 30, 2024. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD regulations require OCAF rent adjusted projects to increase its monthly replacement reserve funding by a similar factor as the authorized rent increase. In addition, HUD requires the correct authorized monthly deposit be made to the replacement reserve account. Statement of Condition: The Project did not increase the required monthly deposit to the replacement reserve account for one month corresponding with the OCAF rent increase. In addition, the Project overfunded one of its required monthly deposits by $1,025 which was later withdrawn to correct the account. In total, the replacement reserve was underfunded by $271. Cause: An increase in funding was not implemented and the incorrect required monthly amount was deposited and later corrected without HUD authorization. See Finding 2024-004. Effect or Potential Effect: Deficiently funded reserve for replacement account. Auditor Non-Compliance Code: N – Reserve for Replacements Deposits. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should implement procedures to ensure that replacement reserve monthly deposits are increased at a factor in line with the authorized OCAF rental increase or HUD stipulated factor and that the correct required monthly amount is deposited into the replacement reserve account. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Staff training has been provided and included in monthly reporting procedures.
FINDING No. 2024-003: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: Residual receipts account. Sample Size Information: Residual receipts account. Identification of Repeat Finding and Finding Reference Number: No. Criteria: As required by HUD regulations, residual receipts account balances in excess of $250 per unit must be applied on a monthly basis to offset Section 8 HAP payments up to the full amount of the monthly subsidy request, depending on the amount of residual receipts available for the offset. Monthly offsets must continue until the residual receipts account reaches the retained balance level of $250 per unit. Statement of Condition: The Project's excess residual receipts of $13,156 were offset against current year HAP vouchers without proper submission of HUD-9250 form to withdraw these funds from the residual receipts account. Cause: The Project did not comply with HUD requirements to submit a HUD-9250 request to transfer excess funds. Effect or Potential Effect: The excess funds remaining in the residual receipts account were not available for use in project operations. Auditor Non-Compliance Code: R – Section 8 Program Admin. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should ensure that excess residual receipts funds are authorized by HUD for withdrawal prior to offsetting the funds against monthly HAP vouchers to avoid those funds not being available for use in operations. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Staff training has been provided to ensure proper procedures are followed.
FINDING No. 2024-004: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: All replacement reserve deposits for the year ended June 30, 2024. Sample Size Information: All replacement reserve deposits for the year ended June 30, 2024. Identification of Repeat Finding and Finding Reference Number: No. Criteria: In accordance with HUD requirements, any request to withdraw funds from the replacement reserve account must be accompanied by an approved form HUD-9250. Statement of Condition: The Project withdrew $1,025 of excess deposits without proper authorization. Cause: The Project did not obtain prior authorization for withdrawal of funds from the replacement reserve. Effect or Potential Effect: The Project's lack of proper authorization for fund withdrawals may result in the improper use of funds. Auditor Non-Compliance Code: A – Unauthorized withdrawals from replacement reserve account Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should ensure that all withdrawals from the replacement reserve account are accompanied by an approved form HUD-9250. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Staff training has been provided to ensure proper procedures are followed.
FINDING No. 2024-001: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: Two hundred fifty-seven tenants. Sample Size Information: Twenty-five tenants. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD regulations require all initial and ongoing tenant eligibility documentation to be obtained timely and maintained during tenancy. Statement of Condition: Missing documentation in tenant files: Six tenants were missing required signed lease addendums. One tenant was missing a signed and dated apartment application. One tenant did not include the VAWA lease addendum. One tenant was missing the criminal background check. Cause: The Project did not maintain appropriate tenant eligibility documentation as required by HUD. Effect or Potential Effect: Unable to verify tenant eligibility and cost of assistance may be disallowed. Auditor Non-Compliance Code: R – Section 8 Program Administration Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should implement procedures to ensure that proper initial eligibility procedures are conducted for potential tenants and that tenant files are accurately maintained. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Monthly reminders are being sent to all managers to run their EIV reports for the month. In addition, random files are being reviewed by compliance to ensure EIV reports are pulled, unit inspections performed, and required documentation is complete and accurate.
FINDING No. 2024-002: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: All replacement reserve deposits for the year ended June 30, 2024. Sample Size Information: All replacement reserve deposits for the year ended June 30, 2024. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD regulations require OCAF rent adjusted projects to increase its monthly replacement reserve funding by a similar factor as the authorized rent increase. In addition, HUD requires the correct authorized monthly deposit be made to the replacement reserve account. Statement of Condition: The Project did not increase the required monthly deposit to the replacement reserve account for one month corresponding with the OCAF rent increase. In addition, the Project overfunded one of its required monthly deposits by $1,025 which was later withdrawn to correct the account. In total, the replacement reserve was underfunded by $271. Cause: An increase in funding was not implemented and the incorrect required monthly amount was deposited and later corrected without HUD authorization. See Finding 2024-004. Effect or Potential Effect: Deficiently funded reserve for replacement account. Auditor Non-Compliance Code: N – Reserve for Replacements Deposits. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should implement procedures to ensure that replacement reserve monthly deposits are increased at a factor in line with the authorized OCAF rental increase or HUD stipulated factor and that the correct required monthly amount is deposited into the replacement reserve account. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Staff training has been provided and included in monthly reporting procedures.
FINDING No. 2024-003: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: Residual receipts account. Sample Size Information: Residual receipts account. Identification of Repeat Finding and Finding Reference Number: No. Criteria: As required by HUD regulations, residual receipts account balances in excess of $250 per unit must be applied on a monthly basis to offset Section 8 HAP payments up to the full amount of the monthly subsidy request, depending on the amount of residual receipts available for the offset. Monthly offsets must continue until the residual receipts account reaches the retained balance level of $250 per unit. Statement of Condition: The Project's excess residual receipts of $13,156 were offset against current year HAP vouchers without proper submission of HUD-9250 form to withdraw these funds from the residual receipts account. Cause: The Project did not comply with HUD requirements to submit a HUD-9250 request to transfer excess funds. Effect or Potential Effect: The excess funds remaining in the residual receipts account were not available for use in project operations. Auditor Non-Compliance Code: R – Section 8 Program Admin. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should ensure that excess residual receipts funds are authorized by HUD for withdrawal prior to offsetting the funds against monthly HAP vouchers to avoid those funds not being available for use in operations. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Staff training has been provided to ensure proper procedures are followed.
FINDING No. 2024-004: Section 8 Project Based Rental Assistance ALN 14.195 Finding Resolution Status: Unresolved. Information on Universe Population Size: All replacement reserve deposits for the year ended June 30, 2024. Sample Size Information: All replacement reserve deposits for the year ended June 30, 2024. Identification of Repeat Finding and Finding Reference Number: No. Criteria: In accordance with HUD requirements, any request to withdraw funds from the replacement reserve account must be accompanied by an approved form HUD-9250. Statement of Condition: The Project withdrew $1,025 of excess deposits without proper authorization. Cause: The Project did not obtain prior authorization for withdrawal of funds from the replacement reserve. Effect or Potential Effect: The Project's lack of proper authorization for fund withdrawals may result in the improper use of funds. Auditor Non-Compliance Code: A – Unauthorized withdrawals from replacement reserve account Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendations will be adopted. Recommendation: The Project should ensure that all withdrawals from the replacement reserve account are accompanied by an approved form HUD-9250. Response Indicator: Agree. Completion Date: 06/30/2025 Response: Staff training has been provided to ensure proper procedures are followed.