FAC Explorer

Audit 354262

FY End
2024-12-31
Total Expended
$2.24M
Findings
4
Programs
1
Organization: Aids Housing Council Development Corporation (OH)
Year: 2024 Accepted: 2025-04-22
Auditor: Tidwell Group LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
555662 2024-001 Significant Deficiency - N
555663 2024-001 Significant Deficiency - N
1132104 2024-001 Significant Deficiency - N
1132105 2024-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $310,545 Yes 1

Contacts

Name Title Type
J712JUVHYSS8 David Phillips Auditee
6144524184 Chris Bailey, CPA Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: (a) 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. (b) Corporation has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. (c) The outstanding balance of loan and loan guarantee programs at December 31, 2024 with continuing compliance requirements which are reported as federal expenditures on the accompanying schedule of expenditures of federal awards was $1,930,200. De Minimis Rate Used: N Rate Explanation: (b) Corporation has elected not to use the 10% 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 AIDS Housing Council Development Corporation (the Corporation) under programs of the federal government for the year ended December 31, 2024. 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 (Uniform Guidance). Because the Schedule presents only a portion of the Corporation, it is not intended to and does not present the Corporation’s financial position, changes in net assets or cash flows.

Finding Details

Finding 2024-001
Finding Reference Number: 2024-001 Assistance Listing Number and Program Title: 14.181 Supportive Housing for Persons with Disabilities (Section 811 and Project Rental Assistance Contract) Criteria: The Regulatory Agreement requires the property to be in full compliance with all HUD regulations. Statement of Condition: On April 3, 2024, the property had a Real Estate Assessment Center physical inspection and received a below average score of 55*+^. Cause: Management oversight. Effect or Potential Effect: Based on the results of the inspection, the Corporation was out of compliance with the requirements of the Regulatory Agreement. Questioned Costs: None Context: During the year ended December 31, 2024, the property had a Real Estate Assessment Center physical inspection. Recommendation: All required changes, corrections should be made in accordance with the Real Estate Assessment Center physical inspection and the Regulatory Agreement and routine physical inspections and maintenance should be performed at the property to prevent future occurrences of the deficiency.
Finding 2024-001
Finding Reference Number: 2024-001 Assistance Listing Number and Program Title: 14.181 Supportive Housing for Persons with Disabilities (Section 811 and Project Rental Assistance Contract) Criteria: The Regulatory Agreement requires the property to be in full compliance with all HUD regulations. Statement of Condition: On April 3, 2024, the property had a Real Estate Assessment Center physical inspection and received a below average score of 55*+^. Cause: Management oversight. Effect or Potential Effect: Based on the results of the inspection, the Corporation was out of compliance with the requirements of the Regulatory Agreement. Questioned Costs: None Context: During the year ended December 31, 2024, the property had a Real Estate Assessment Center physical inspection. Recommendation: All required changes, corrections should be made in accordance with the Real Estate Assessment Center physical inspection and the Regulatory Agreement and routine physical inspections and maintenance should be performed at the property to prevent future occurrences of the deficiency.
Finding 2024-001
Finding Reference Number: 2024-001 Assistance Listing Number and Program Title: 14.181 Supportive Housing for Persons with Disabilities (Section 811 and Project Rental Assistance Contract) Criteria: The Regulatory Agreement requires the property to be in full compliance with all HUD regulations. Statement of Condition: On April 3, 2024, the property had a Real Estate Assessment Center physical inspection and received a below average score of 55*+^. Cause: Management oversight. Effect or Potential Effect: Based on the results of the inspection, the Corporation was out of compliance with the requirements of the Regulatory Agreement. Questioned Costs: None Context: During the year ended December 31, 2024, the property had a Real Estate Assessment Center physical inspection. Recommendation: All required changes, corrections should be made in accordance with the Real Estate Assessment Center physical inspection and the Regulatory Agreement and routine physical inspections and maintenance should be performed at the property to prevent future occurrences of the deficiency.
Finding 2024-001
Finding Reference Number: 2024-001 Assistance Listing Number and Program Title: 14.181 Supportive Housing for Persons with Disabilities (Section 811 and Project Rental Assistance Contract) Criteria: The Regulatory Agreement requires the property to be in full compliance with all HUD regulations. Statement of Condition: On April 3, 2024, the property had a Real Estate Assessment Center physical inspection and received a below average score of 55*+^. Cause: Management oversight. Effect or Potential Effect: Based on the results of the inspection, the Corporation was out of compliance with the requirements of the Regulatory Agreement. Questioned Costs: None Context: During the year ended December 31, 2024, the property had a Real Estate Assessment Center physical inspection. Recommendation: All required changes, corrections should be made in accordance with the Real Estate Assessment Center physical inspection and the Regulatory Agreement and routine physical inspections and maintenance should be performed at the property to prevent future occurrences of the deficiency.