FAC Explorer

Audit 355338

FY End
2025-01-31
Total Expended
$1.37M
Findings
2
Programs
2
Organization: Harlem Tenants Association, Inc. (FL)
Year: 2025 Accepted: 2025-05-02
Auditor: Matthews Cutrer and Lindsay PA

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
559068 2025-001 Significant Deficiency - N
1135510 2025-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.195 Section 8 Housing Assistance Payments Program $1.18M Yes 1
14.135 Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rate $191,628 - 0

Contacts

Name Title Type
XKB5JY2BFX73 Robert Mosley Auditee
4077326850 William McCoy Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Harlem Garden Apartments, under programs of the federal government for the year ended January 31, 2025. 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 Harlem Garden Apartments, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Harlem Garden Apartments. De Minimis Rate Used: N Rate Explanation: 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 limited as to reimbursement. Harlem Garden Apartments has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
Criteria: The Organization is required from the U.S. Department of Housing and Urban Development (HUD) to fund monthly deposits to the Reserve for Replacement totaling $132,393. Condition: The Organization did not fully fund the required deposits to the Reserve for Replacement account. Cause: The Organization underfunded the Reserve for Replacement by a monthly required deposit of $11,092. Effect: The Organization is noncompliant with the HUD requirement to fund the Reserve for Replacement by $132,393. Recommendation: We recommend the Organization fully fund the Reserve for Replacement. Views of Responsible Officials and Planned Corrective Actions: The Organization is in agreement with the finding and is making the necessary steps to make the required deposits to the Reserve for Replacement.
Finding 2025-001
Criteria: The Organization is required from the U.S. Department of Housing and Urban Development (HUD) to fund monthly deposits to the Reserve for Replacement totaling $132,393. Condition: The Organization did not fully fund the required deposits to the Reserve for Replacement account. Cause: The Organization underfunded the Reserve for Replacement by a monthly required deposit of $11,092. Effect: The Organization is noncompliant with the HUD requirement to fund the Reserve for Replacement by $132,393. Recommendation: We recommend the Organization fully fund the Reserve for Replacement. Views of Responsible Officials and Planned Corrective Actions: The Organization is in agreement with the finding and is making the necessary steps to make the required deposits to the Reserve for Replacement.