FAC Explorer

Audit 363100

FY End
2025-03-31
Total Expended
$2.03M
Findings
2
Programs
1
Organization: Homes for Laurel, Inc. (MD)
Year: 2025 Accepted: 2025-07-28
Auditor: Cohnreznick LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
572003 2025-001 Material Weakness - E
1148445 2025-001 Material Weakness - E

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $2.03M Yes 1

Contacts

Name Title Type
EZ84C8W42A39 Jolly Burks Auditee
4432212742 Ryan Ebner Auditor
No contacts on file

Notes to SEFA

Title: Loan/ loans guarantee outstanding balances 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: The auditee did not use the de minimis cost rate. Supportive Housing for the elderly (14.157) - Balance outstanding at the end of the audit period were 1942916.

Finding Details

Finding 2025-001
Criteria Management is responsible for adhering to the EIV Rules of Behavior in accordance with Section 4.1.1 of the EIV Multifamily Program User Manual and HUD Notice H 2020-10. Condition During the procedures applied to a sample of three tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Electronic Income Verification (EIV) information. Cause Management company employees failed to follow the policies and procedures which have been established for proper dissemination of EIV information in accordance with HUD guidelines and management policies. Effect or Potential Effect Noncompliance with HUD guidelines could result in tenant personal information being disseminated to unauthorized individuals. Questioned Costs None Context Three instances where EIV information was provided in electronic format to the independent public accountant were noted. Identification as a Repeat Finding This finding is not a repeat finding.
Finding 2025-001
Criteria Management is responsible for adhering to the EIV Rules of Behavior in accordance with Section 4.1.1 of the EIV Multifamily Program User Manual and HUD Notice H 2020-10. Condition During the procedures applied to a sample of three tenant lease files, we noted the following instances of noncompliance with HUD regulations regarding dissemination of Electronic Income Verification (EIV) information. Cause Management company employees failed to follow the policies and procedures which have been established for proper dissemination of EIV information in accordance with HUD guidelines and management policies. Effect or Potential Effect Noncompliance with HUD guidelines could result in tenant personal information being disseminated to unauthorized individuals. Questioned Costs None Context Three instances where EIV information was provided in electronic format to the independent public accountant were noted. Identification as a Repeat Finding This finding is not a repeat finding.