FAC Explorer

Audit 359279

FY End
2024-06-30
Total Expended
$871,268
Findings
2
Programs
1
Organization: Thomas Wilbur Homestead, INC (RI)
Year: 2024 Accepted: 2025-06-19
Auditor: Damiano Burk & Nuttall PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
565408 2024-001 Significant Deficiency Yes L
1141850 2024-001 Significant Deficiency Yes L

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $38,468 Yes 0

Contacts

Name Title Type
QV9MPVJSN8U7 Laura Jaworski Razza Auditee
4014633324 Victoria Sylvia Auditor
No contacts on file

Notes to SEFA

Title: Note to the Schedule of Expenditures of Federal Awards Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Thomas Wilbur Homestead, 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 Thomas Wilbur Homestead, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Thomas Wilbur Homestead, Inc. 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: Y Rate Explanation: Thomas Wilbur Homestead, Inc. has elected 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 Thomas Wilbur Homestead, 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 Thomas Wilbur Homestead, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Thomas Wilbur Homestead, Inc. 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

Finding Details

Finding 2024-001
Finding 2024-001: Late Audit Reporting Criteria: Uniform Guidance 2 CFR 200.512(a) requires that an audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Statement of Condition: The audit for the year ended June 30, 2024, had not yet commenced and was expected to be submitted by March 31, 2025. These delays have been compounded by staff turnover and vacant roles within the Organization, resulting in multiple years of outstanding submissions. Cause: The delay was due to staffing constraints and extended delays in the year-end close process at the Organization. Effect or Potential Effect: The failure to comply with Uniform Guidance requirements may result in noncompliance issues that could affect future funding and operational effectiveness. Recommendation: It is recommended that management implement procedures and controls to ensure that future audits are completed and submitted in a timely manner. Management’s Response: Management agrees with this finding. Please refer to the Corrective Action Plan for further details.
Finding 2024-001
Finding 2024-001: Late Audit Reporting Criteria: Uniform Guidance 2 CFR 200.512(a) requires that an audit must be completed and the data collection form and reporting package submitted within the earlier of 30 calendar days after receipt of the auditor’s report or nine months after the end of the audit period. Statement of Condition: The audit for the year ended June 30, 2024, had not yet commenced and was expected to be submitted by March 31, 2025. These delays have been compounded by staff turnover and vacant roles within the Organization, resulting in multiple years of outstanding submissions. Cause: The delay was due to staffing constraints and extended delays in the year-end close process at the Organization. Effect or Potential Effect: The failure to comply with Uniform Guidance requirements may result in noncompliance issues that could affect future funding and operational effectiveness. Recommendation: It is recommended that management implement procedures and controls to ensure that future audits are completed and submitted in a timely manner. Management’s Response: Management agrees with this finding. Please refer to the Corrective Action Plan for further details.