FAC Explorer

Audit 342294

FY End
2024-06-30
Total Expended
$1.47M
Findings
4
Programs
1
Organization: Bridge Point Senior Village, Inc. 042-Ee259 (OH)
Year: 2024 Accepted: 2025-02-12
Auditor: Cliftonlarsonallen LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
523026 2024-002 Significant Deficiency - N
523027 2024-002 Significant Deficiency - N
1099468 2024-002 Significant Deficiency - N
1099469 2024-002 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $1.40M Yes 1

Contacts

Name Title Type
LCAAJLYYPLX3 Cheryl Wilson Auditee
4192449609 Ken Saggese 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: Bridge Point Senior Village, Inc. has elected not to use the 10-percent 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 Bridge Point Senior Village, Inc. under programs of the federal government for the year ended June 30, 2024. 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 Bridge Point Senior Village, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bridge Point Senior Village, Inc.

Finding Details

Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for the Elderly Assistance Listing Number: 14.157 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements, a mandated amount is required to be deposited into the R4R account each month. The entity failed to make the 12 required monthly deposits. Condition: During our testing, we noted that Bridge Point Senior Village failed to make one of the required twelve monthly deposits into the Replacement for Reserve account. Questioned costs: None Context: During our testing we noted 11 out of 12 monthly deposits to the Replacement for Reserve account. Cause: The deposit was not made due to oversight. Effect: Replacement Reserve is underfunded and not in compliance with HUD. Repeat Finding: No Recommendation: CLA recommends performing training regarding HUD requirements surrounding Replacement Reserve Provisions and introduce policies and procedures to prevent oversight of deposit requirements. We also recommend the amount of $564 be deposited immediately into the Replacement for Reserve Account. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for the Elderly Assistance Listing Number: 14.157 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements, a mandated amount is required to be deposited into the R4R account each month. The entity failed to make the 12 required monthly deposits. Condition: During our testing, we noted that Bridge Point Senior Village failed to make one of the required twelve monthly deposits into the Replacement for Reserve account. Questioned costs: None Context: During our testing we noted 11 out of 12 monthly deposits to the Replacement for Reserve account. Cause: The deposit was not made due to oversight. Effect: Replacement Reserve is underfunded and not in compliance with HUD. Repeat Finding: No Recommendation: CLA recommends performing training regarding HUD requirements surrounding Replacement Reserve Provisions and introduce policies and procedures to prevent oversight of deposit requirements. We also recommend the amount of $564 be deposited immediately into the Replacement for Reserve Account. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for the Elderly Assistance Listing Number: 14.157 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements, a mandated amount is required to be deposited into the R4R account each month. The entity failed to make the 12 required monthly deposits. Condition: During our testing, we noted that Bridge Point Senior Village failed to make one of the required twelve monthly deposits into the Replacement for Reserve account. Questioned costs: None Context: During our testing we noted 11 out of 12 monthly deposits to the Replacement for Reserve account. Cause: The deposit was not made due to oversight. Effect: Replacement Reserve is underfunded and not in compliance with HUD. Repeat Finding: No Recommendation: CLA recommends performing training regarding HUD requirements surrounding Replacement Reserve Provisions and introduce policies and procedures to prevent oversight of deposit requirements. We also recommend the amount of $564 be deposited immediately into the Replacement for Reserve Account. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2024-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for the Elderly Assistance Listing Number: 14.157 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements, a mandated amount is required to be deposited into the R4R account each month. The entity failed to make the 12 required monthly deposits. Condition: During our testing, we noted that Bridge Point Senior Village failed to make one of the required twelve monthly deposits into the Replacement for Reserve account. Questioned costs: None Context: During our testing we noted 11 out of 12 monthly deposits to the Replacement for Reserve account. Cause: The deposit was not made due to oversight. Effect: Replacement Reserve is underfunded and not in compliance with HUD. Repeat Finding: No Recommendation: CLA recommends performing training regarding HUD requirements surrounding Replacement Reserve Provisions and introduce policies and procedures to prevent oversight of deposit requirements. We also recommend the amount of $564 be deposited immediately into the Replacement for Reserve Account. Views of responsible officials: There is no disagreement with the audit finding.