Audit 362935

FY End
2024-09-30
Total Expended
$1.74M
Findings
16
Programs
1
Year: 2024 Accepted: 2025-07-24

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
571892 2024-001 Significant Deficiency Yes C
571893 2024-002 Significant Deficiency - A
571894 2024-003 Significant Deficiency - C
571895 2024-004 Significant Deficiency Yes A
571896 2024-001 Significant Deficiency Yes C
571897 2024-002 Significant Deficiency - A
571898 2024-003 Significant Deficiency - C
571899 2024-004 Significant Deficiency Yes A
1148334 2024-001 Significant Deficiency Yes C
1148335 2024-002 Significant Deficiency - A
1148336 2024-003 Significant Deficiency - C
1148337 2024-004 Significant Deficiency Yes A
1148338 2024-001 Significant Deficiency Yes C
1148339 2024-002 Significant Deficiency - A
1148340 2024-003 Significant Deficiency - C
1148341 2024-004 Significant Deficiency Yes A

Programs

ALN Program Spent Major Findings
14.181 Supportive Housing for Persons with Disabilities $226,775 Yes 4

Contacts

Name Title Type
M8Y7E4G2PG13 Jay Katz Auditee
2038650068 Jonathan Fink Auditor
No contacts on file

Notes to SEFA

Title: HUD CAPITAL ADVANCE Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Leeway-Welton Housing Corporation under programs of the federal government for the year ended September 30, 2024. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Leeway-Welton Housing Corporation, it is not intended to and does not present the financial position, changes in net deficit, or cash flows of Leeway-Welton Housing Corporation. Summary of Significant Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Leeway-Welton Housing Corporation has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Leeway-Welton Housing Corporation has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The balance of the HUD capital advance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. There were no additional HUD loans during the year. The balance of the HUD insured mortgage outstanding at September 30, 2024 is as follows: Federal Iisting number: 14.181 Loan Program: Supportive Housing for Persons with Disabilities (Section 811), Capital Advances Outadanding Loans: $1,515,800

Finding Details

Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Deposits required by HUD were not made during fiscal year 2024 to the reserve fund. Condition: During the 2024 audit, we noted that the Project had not deposited the amounts required by HUD to be deposited monthly in the reserve fund for all of fiscal year 2024. Questioned Costs: $8,580 in reserve fund deposits not made. Context: Through audit compliance testing procedures, three months of bank reconciliations were tested and identified that the required monthly deposit was not made. Through further inquiry and review it was identified that all 12 deposits of fiscal year 2024 were not made and recorded as a liability. Cause: Due to cash constraints caused by rental income delays the Project was unable to make the deposits. Effect: The Project did not make sufficient deposits. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-001. Recommendation: We recommend the Project make all fiscal year 2024 deposits as soon as funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to make the back deposits.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Approved expenditures of federal awards without proper control completed. Condition: During the 2024 audit, we noted that the Project approved expenditures of federal awards without proper review. Questioned Costs: None. Context: Invoice tested found to not be reviewed and approved per documented control procedure. Cause: Due to change in management company during 2024. Effect: The Project did properly review expenditures of federal awards. Repeat Finding: None. Recommendation: We recommend enforcing control procedures over expenditures of federal awards. Views of Responsible Officials: There is no disagreement with the audit finding. During 2024, a new management company was hired as of July 1, 2024 and has implemented and enforced proper controls over expenditures of federal awards.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Reserve for replacement funds were not maintained in a separate bank account. Condition: During the 2024 audit, we noted that the reserve for replacement bank account was closed and deposited into the operating bank account. Questioned Costs: None. Context: Bank reconciliations tested identified no separate bank account for the reserve for replacement account. Cause: Due to change in management company during 2024. Effect: The Project did not properly segregate the reserve for replacement funds increasing the potential for funds to be spent without approval from HUD. Repeat Finding: None. Recommendation: We recommend withdrawing the reserve for replacement funds and opening a separate bank account. Views of Responsible Officials: We agree with the above recommendation. During 2025, the funds were withdrawn from the operating account and deposited into a separate bank account.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Unauthorized disbursements from the reserve fund were made. Condition: During the 2023 audit, we noted that the Project had made unauthorized withdrawals from the reserve fund. Questioned Costs: $6,011 in unauthorized withdrawals were made. Context: Through audit compliance testing procedures, it was identified there were no withdrawals made during fiscal year 2023 authorized by HUD, however, through additional procedures over the reserve, there were three withdrawals identified. Cause: Due to cash constraints caused by rental income delays the Project was required to make withdrawals to continue operations. Effect: The Project did not make authorized withdrawals. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-002. Recommendation: We recommend the Project return the withdrawn funds back to the reserve funds when the funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to return the funds.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Deposits required by HUD were not made during fiscal year 2024 to the reserve fund. Condition: During the 2024 audit, we noted that the Project had not deposited the amounts required by HUD to be deposited monthly in the reserve fund for all of fiscal year 2024. Questioned Costs: $8,580 in reserve fund deposits not made. Context: Through audit compliance testing procedures, three months of bank reconciliations were tested and identified that the required monthly deposit was not made. Through further inquiry and review it was identified that all 12 deposits of fiscal year 2024 were not made and recorded as a liability. Cause: Due to cash constraints caused by rental income delays the Project was unable to make the deposits. Effect: The Project did not make sufficient deposits. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-001. Recommendation: We recommend the Project make all fiscal year 2024 deposits as soon as funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to make the back deposits.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Approved expenditures of federal awards without proper control completed. Condition: During the 2024 audit, we noted that the Project approved expenditures of federal awards without proper review. Questioned Costs: None. Context: Invoice tested found to not be reviewed and approved per documented control procedure. Cause: Due to change in management company during 2024. Effect: The Project did properly review expenditures of federal awards. Repeat Finding: None. Recommendation: We recommend enforcing control procedures over expenditures of federal awards. Views of Responsible Officials: There is no disagreement with the audit finding. During 2024, a new management company was hired as of July 1, 2024 and has implemented and enforced proper controls over expenditures of federal awards.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Reserve for replacement funds were not maintained in a separate bank account. Condition: During the 2024 audit, we noted that the reserve for replacement bank account was closed and deposited into the operating bank account. Questioned Costs: None. Context: Bank reconciliations tested identified no separate bank account for the reserve for replacement account. Cause: Due to change in management company during 2024. Effect: The Project did not properly segregate the reserve for replacement funds increasing the potential for funds to be spent without approval from HUD. Repeat Finding: None. Recommendation: We recommend withdrawing the reserve for replacement funds and opening a separate bank account. Views of Responsible Officials: We agree with the above recommendation. During 2025, the funds were withdrawn from the operating account and deposited into a separate bank account.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Unauthorized disbursements from the reserve fund were made. Condition: During the 2023 audit, we noted that the Project had made unauthorized withdrawals from the reserve fund. Questioned Costs: $6,011 in unauthorized withdrawals were made. Context: Through audit compliance testing procedures, it was identified there were no withdrawals made during fiscal year 2023 authorized by HUD, however, through additional procedures over the reserve, there were three withdrawals identified. Cause: Due to cash constraints caused by rental income delays the Project was required to make withdrawals to continue operations. Effect: The Project did not make authorized withdrawals. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-002. Recommendation: We recommend the Project return the withdrawn funds back to the reserve funds when the funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to return the funds.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Deposits required by HUD were not made during fiscal year 2024 to the reserve fund. Condition: During the 2024 audit, we noted that the Project had not deposited the amounts required by HUD to be deposited monthly in the reserve fund for all of fiscal year 2024. Questioned Costs: $8,580 in reserve fund deposits not made. Context: Through audit compliance testing procedures, three months of bank reconciliations were tested and identified that the required monthly deposit was not made. Through further inquiry and review it was identified that all 12 deposits of fiscal year 2024 were not made and recorded as a liability. Cause: Due to cash constraints caused by rental income delays the Project was unable to make the deposits. Effect: The Project did not make sufficient deposits. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-001. Recommendation: We recommend the Project make all fiscal year 2024 deposits as soon as funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to make the back deposits.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Approved expenditures of federal awards without proper control completed. Condition: During the 2024 audit, we noted that the Project approved expenditures of federal awards without proper review. Questioned Costs: None. Context: Invoice tested found to not be reviewed and approved per documented control procedure. Cause: Due to change in management company during 2024. Effect: The Project did properly review expenditures of federal awards. Repeat Finding: None. Recommendation: We recommend enforcing control procedures over expenditures of federal awards. Views of Responsible Officials: There is no disagreement with the audit finding. During 2024, a new management company was hired as of July 1, 2024 and has implemented and enforced proper controls over expenditures of federal awards.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Reserve for replacement funds were not maintained in a separate bank account. Condition: During the 2024 audit, we noted that the reserve for replacement bank account was closed and deposited into the operating bank account. Questioned Costs: None. Context: Bank reconciliations tested identified no separate bank account for the reserve for replacement account. Cause: Due to change in management company during 2024. Effect: The Project did not properly segregate the reserve for replacement funds increasing the potential for funds to be spent without approval from HUD. Repeat Finding: None. Recommendation: We recommend withdrawing the reserve for replacement funds and opening a separate bank account. Views of Responsible Officials: We agree with the above recommendation. During 2025, the funds were withdrawn from the operating account and deposited into a separate bank account.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Unauthorized disbursements from the reserve fund were made. Condition: During the 2023 audit, we noted that the Project had made unauthorized withdrawals from the reserve fund. Questioned Costs: $6,011 in unauthorized withdrawals were made. Context: Through audit compliance testing procedures, it was identified there were no withdrawals made during fiscal year 2023 authorized by HUD, however, through additional procedures over the reserve, there were three withdrawals identified. Cause: Due to cash constraints caused by rental income delays the Project was required to make withdrawals to continue operations. Effect: The Project did not make authorized withdrawals. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-002. Recommendation: We recommend the Project return the withdrawn funds back to the reserve funds when the funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to return the funds.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Deposits required by HUD were not made during fiscal year 2024 to the reserve fund. Condition: During the 2024 audit, we noted that the Project had not deposited the amounts required by HUD to be deposited monthly in the reserve fund for all of fiscal year 2024. Questioned Costs: $8,580 in reserve fund deposits not made. Context: Through audit compliance testing procedures, three months of bank reconciliations were tested and identified that the required monthly deposit was not made. Through further inquiry and review it was identified that all 12 deposits of fiscal year 2024 were not made and recorded as a liability. Cause: Due to cash constraints caused by rental income delays the Project was unable to make the deposits. Effect: The Project did not make sufficient deposits. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-001. Recommendation: We recommend the Project make all fiscal year 2024 deposits as soon as funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to make the back deposits.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Approved expenditures of federal awards without proper control completed. Condition: During the 2024 audit, we noted that the Project approved expenditures of federal awards without proper review. Questioned Costs: None. Context: Invoice tested found to not be reviewed and approved per documented control procedure. Cause: Due to change in management company during 2024. Effect: The Project did properly review expenditures of federal awards. Repeat Finding: None. Recommendation: We recommend enforcing control procedures over expenditures of federal awards. Views of Responsible Officials: There is no disagreement with the audit finding. During 2024, a new management company was hired as of July 1, 2024 and has implemented and enforced proper controls over expenditures of federal awards.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Reserve for replacement funds were not maintained in a separate bank account. Condition: During the 2024 audit, we noted that the reserve for replacement bank account was closed and deposited into the operating bank account. Questioned Costs: None. Context: Bank reconciliations tested identified no separate bank account for the reserve for replacement account. Cause: Due to change in management company during 2024. Effect: The Project did not properly segregate the reserve for replacement funds increasing the potential for funds to be spent without approval from HUD. Repeat Finding: None. Recommendation: We recommend withdrawing the reserve for replacement funds and opening a separate bank account. Views of Responsible Officials: We agree with the above recommendation. During 2025, the funds were withdrawn from the operating account and deposited into a separate bank account.
Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program Name: Supportive Housing for Persons with Disabilities (Section 811) Assistance Listing Number: 14.181 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: Unauthorized disbursements from the reserve fund were made. Condition: During the 2023 audit, we noted that the Project had made unauthorized withdrawals from the reserve fund. Questioned Costs: $6,011 in unauthorized withdrawals were made. Context: Through audit compliance testing procedures, it was identified there were no withdrawals made during fiscal year 2023 authorized by HUD, however, through additional procedures over the reserve, there were three withdrawals identified. Cause: Due to cash constraints caused by rental income delays the Project was required to make withdrawals to continue operations. Effect: The Project did not make authorized withdrawals. Repeat Finding: The finding is a repeat of a finding in the immediately prior year. Prior year finding number was 2023-002. Recommendation: We recommend the Project return the withdrawn funds back to the reserve funds when the funds allow. Views of Responsible Officials: There is no disagreement with the audit finding. Management has received the delayed rental income payments and is working to return the funds.