FAC Explorer

Audit 353063

FY End
2021-12-31
Total Expended
$28.53M
Findings
34
Programs
2
Organization: Vermont Seniors (CA)
Year: 2021 Accepted: 2025-04-08
Auditor: Cohnreznick LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
554381 2021-001 Significant Deficiency Yes L
554382 2021-002 Significant Deficiency Yes L
554383 2021-003 Significant Deficiency Yes E
554384 2021-004 Significant Deficiency Yes E
554385 2021-005 Significant Deficiency - N
554386 2021-006 Significant Deficiency - N
554387 2021-002 Significant Deficiency Yes L
554388 2021-003 Significant Deficiency Yes E
554389 2021-004 Significant Deficiency Yes E
554390 2021-005 Significant Deficiency - N
554391 2021-006 Significant Deficiency - N
554392 2021-001 Significant Deficiency Yes L
554393 2021-002 Significant Deficiency Yes L
554394 2021-003 Significant Deficiency Yes E
554395 2021-004 Significant Deficiency Yes E
554396 2021-005 Significant Deficiency - N
554397 2021-006 Significant Deficiency - N
1130823 2021-001 Significant Deficiency Yes L
1130824 2021-002 Significant Deficiency Yes L
1130825 2021-003 Significant Deficiency Yes E
1130826 2021-004 Significant Deficiency Yes E
1130827 2021-005 Significant Deficiency - N
1130828 2021-006 Significant Deficiency - N
1130829 2021-002 Significant Deficiency Yes L
1130830 2021-003 Significant Deficiency Yes E
1130831 2021-004 Significant Deficiency Yes E
1130832 2021-005 Significant Deficiency - N
1130833 2021-006 Significant Deficiency - N
1130834 2021-001 Significant Deficiency Yes L
1130835 2021-002 Significant Deficiency Yes L
1130836 2021-003 Significant Deficiency Yes E
1130837 2021-004 Significant Deficiency Yes E
1130838 2021-005 Significant Deficiency - N
1130839 2021-006 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.239 Home Investment Partnerships Program $10.96M Yes 5
14.157 Supportive Housing for the Elderly $560,289 Yes 6

Contacts

Name Title Type
MU4VCFB4BB23 Donzella Jordan Auditee
3108770346 Michael Good Auditor
No contacts on file

Notes to SEFA

Title: Note 1 - Basis of presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations and 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: Vermont Seniors 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 Vermont Seniors, HUD Project No. 122-EE148-WAH-NP, under programs of the federal government for the year ended December 31, 2021. 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 Vermont Seniors it is not intended to and does not present the financial position, changes in net assets (deficit), or cash flows of Vermont Seniors. For the year ended December 31, 2021, no awards were passed through to subrecipients.
Title: Note 2 - 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, as applicable, the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations and 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: Vermont Seniors has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations and the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3 - Indirect cost rate Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations and 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: Vermont Seniors has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Vermont Seniors has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 4 - U.S. Department of Housing and Urban Development loan program Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations and 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: Vermont Seniors has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Vermont Seniors has received a U.S. Department of Housing and Urban Development direct loan under Section 202 of the National Housing Act and a loan with the City of Los Angeles under the HOME Investment Partnership Program. The loan balances outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. Vermont Seniors received no additional loans during the year. The balances of the loans outstanding at December 31, 2021 consists of: See the Notes to the SEFA for chart/table

Finding Details

Finding 2021-001
Condition/Context The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ending December 31, 2021 or within nine months of fiscal year end if an owner certified submission was furnished to HUD.
Finding 2021-002
Condition/Context The Corporation did not submit the Data Collection Form for the year ended December 31, 2021 to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Finding 2021-003
Condition/Context At December 31, 2021, deposits to the reserve for replacements account in a cumulative amount of $610,030 have not been made.
Finding 2021-004
Condition/Context In connection with our lease file review we noted the following deficiencies: 6 out of 14 tenants tested did not have the HUD Form 50059 performed timely.
Finding 2021-005
Condition/Context During the procedures applied to a sample of 14 tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Enterprise Income Verification ("EIV") information. 8 instances were noted where EIV information was provided in electronic format to the independent public accountant.
Finding 2021-006
Condition/Context In connection with the procedures applied to a sample of 2 tenants that moved out of the project during the year, we noted 1 instance where management failed to refund the tenant security deposit.
Finding 2021-002
Condition/Context The Corporation did not submit the Data Collection Form for the year ended December 31, 2021 to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Finding 2021-003
Condition/Context At December 31, 2021, deposits to the reserve for replacements account in a cumulative amount of $610,030 have not been made.
Finding 2021-004
Condition/Context In connection with our lease file review we noted the following deficiencies: 6 out of 14 tenants tested did not have the HUD Form 50059 performed timely.
Finding 2021-005
Condition/Context During the procedures applied to a sample of 14 tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Enterprise Income Verification ("EIV") information. 8 instances were noted where EIV information was provided in electronic format to the independent public accountant.
Finding 2021-006
Condition/Context In connection with the procedures applied to a sample of 2 tenants that moved out of the project during the year, we noted 1 instance where management failed to refund the tenant security deposit.
Finding 2021-001
Condition/Context The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ending December 31, 2021 or within nine months of fiscal year end if an owner certified submission was furnished to HUD.
Finding 2021-002
Condition/Context The Corporation did not submit the Data Collection Form for the year ended December 31, 2021 to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Finding 2021-003
Condition/Context At December 31, 2021, deposits to the reserve for replacements account in a cumulative amount of $610,030 have not been made.
Finding 2021-004
Condition/Context In connection with our lease file review we noted the following deficiencies: 6 out of 14 tenants tested did not have the HUD Form 50059 performed timely.
Finding 2021-005
Condition/Context During the procedures applied to a sample of 14 tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Enterprise Income Verification ("EIV") information. 8 instances were noted where EIV information was provided in electronic format to the independent public accountant.
Finding 2021-006
Condition/Context In connection with the procedures applied to a sample of 2 tenants that moved out of the project during the year, we noted 1 instance where management failed to refund the tenant security deposit.
Finding 2021-001
Condition/Context The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ending December 31, 2021 or within nine months of fiscal year end if an owner certified submission was furnished to HUD.
Finding 2021-002
Condition/Context The Corporation did not submit the Data Collection Form for the year ended December 31, 2021 to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Finding 2021-003
Condition/Context At December 31, 2021, deposits to the reserve for replacements account in a cumulative amount of $610,030 have not been made.
Finding 2021-004
Condition/Context In connection with our lease file review we noted the following deficiencies: 6 out of 14 tenants tested did not have the HUD Form 50059 performed timely.
Finding 2021-005
Condition/Context During the procedures applied to a sample of 14 tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Enterprise Income Verification ("EIV") information. 8 instances were noted where EIV information was provided in electronic format to the independent public accountant.
Finding 2021-006
Condition/Context In connection with the procedures applied to a sample of 2 tenants that moved out of the project during the year, we noted 1 instance where management failed to refund the tenant security deposit.
Finding 2021-002
Condition/Context The Corporation did not submit the Data Collection Form for the year ended December 31, 2021 to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Finding 2021-003
Condition/Context At December 31, 2021, deposits to the reserve for replacements account in a cumulative amount of $610,030 have not been made.
Finding 2021-004
Condition/Context In connection with our lease file review we noted the following deficiencies: 6 out of 14 tenants tested did not have the HUD Form 50059 performed timely.
Finding 2021-005
Condition/Context During the procedures applied to a sample of 14 tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Enterprise Income Verification ("EIV") information. 8 instances were noted where EIV information was provided in electronic format to the independent public accountant.
Finding 2021-006
Condition/Context In connection with the procedures applied to a sample of 2 tenants that moved out of the project during the year, we noted 1 instance where management failed to refund the tenant security deposit.
Finding 2021-001
Condition/Context The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ending December 31, 2021 or within nine months of fiscal year end if an owner certified submission was furnished to HUD.
Finding 2021-002
Condition/Context The Corporation did not submit the Data Collection Form for the year ended December 31, 2021 to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Finding 2021-003
Condition/Context At December 31, 2021, deposits to the reserve for replacements account in a cumulative amount of $610,030 have not been made.
Finding 2021-004
Condition/Context In connection with our lease file review we noted the following deficiencies: 6 out of 14 tenants tested did not have the HUD Form 50059 performed timely.
Finding 2021-005
Condition/Context During the procedures applied to a sample of 14 tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Enterprise Income Verification ("EIV") information. 8 instances were noted where EIV information was provided in electronic format to the independent public accountant.
Finding 2021-006
Condition/Context In connection with the procedures applied to a sample of 2 tenants that moved out of the project during the year, we noted 1 instance where management failed to refund the tenant security deposit.