FAC Explorer

Audit 347417

FY End
2024-09-30
Total Expended
$4.07M
Findings
2
Programs
3
Organization: St. Peter's Italian Church Housing Development Fund Co., Inc. (NY)
Year: 2024 Accepted: 2025-03-22
Auditor: Bonadio & CO LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
529421 2024-001 - - N
1105863 2024-001 - - N

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.09M - 0
14.195 Section 8 Housing Assistance Payments Program $946,730 Yes 1
14.191 Multifamily Housing Service Coordinators $25,550 - 0

Contacts

Name Title Type
VYB3LJQF6B56 Kyle Lyskawa Auditee
3154241821 Bettina Lipphardt Auditor
No contacts on file

Notes to SEFA

Accounting Policies: NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Basis of Presentation This schedule of expenditures of federal awards includes the federal grant activity of St. Peter’s Italian Church Housing Development Fund Co., Inc. Mortgagor (Villa Scalabrini), HUD Project No. 014-11175, 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. Insured Mortgage Villa Scalabrini obtained from HUD a guarantee of its mortgage payable. The outstanding balance of this mortgage at September 30, 2024 was $3,001,007. Indirect Costs Villa Scalabrini has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Indirect Costs Villa Scalabrini has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
Finding 2024-001: Section 8 Project-Based Cluster – Project Based Rental Assistance, Federal Assistance Listing Number 14.195 Criteria: The HUD Handbook requires owners to perform and document inspections of each unit on at least an annual basis. Condition: Unit inspections were not performed during the year. Context: We reviewed 12 tenant files for documentation of unit inspections, four of which did not have documentation of the inspections. Cause: Documentation of inspections for some units were misfiled. Effect: The tenant’s unit may not be in a decent, safe, and sanitary condition. Recommendation: We recommend that Villa Scalabrini ensure documentation of unit inspections is maintained in all tenant files. Views of management and planned corrective action: Villa Scalabrini will ensure inspections are properly documented in all tenant files.
Finding 2024-001
Finding 2024-001: Section 8 Project-Based Cluster – Project Based Rental Assistance, Federal Assistance Listing Number 14.195 Criteria: The HUD Handbook requires owners to perform and document inspections of each unit on at least an annual basis. Condition: Unit inspections were not performed during the year. Context: We reviewed 12 tenant files for documentation of unit inspections, four of which did not have documentation of the inspections. Cause: Documentation of inspections for some units were misfiled. Effect: The tenant’s unit may not be in a decent, safe, and sanitary condition. Recommendation: We recommend that Villa Scalabrini ensure documentation of unit inspections is maintained in all tenant files. Views of management and planned corrective action: Villa Scalabrini will ensure inspections are properly documented in all tenant files.