FAC Explorer

Audit 36549

FY End
2022-12-31
Total Expended
$2.63M
Findings
2
Programs
2
Organization: Heritage Place Phase Iii, Inc. (ID)
Year: 2022 Accepted: 2023-04-12
Auditor: Harris CPAS

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
29998 2022-001 Significant Deficiency - N
606440 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $2.59M Yes 0
14.182 Section 8 New Construction and Substantial Rehabilitation $40,314 - 1

Contacts

Name Title Type
UJMVMCH1N5Q3 Ann Johnson Auditee
2086648119 Troy Earl Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN 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) - Balances outstanding at the end of the audit period were 2589500.

Finding Details

Finding 2022-001
"DESCRIPTION OF FINDING: THE HUD REGULATORY AGREEMENTS REQUIRES THE PROJECT TO RECERTIFY EACH TENANT?S ELIGIBILITY ON AN ANNUAL BASIS THROUGH FORM HUD-50059. ONE INSTANCE WAS NOTED WHERE A FORM HUD-50059 WAS NOT SIGNED BY THE TENANT. EFFECT: OUT OF COMPLIANCE WITH THE HUD REGULATORY AGREEMENT. RECOMMENDATIONS: WE RECOMMEND THAT THE PROJECT DESIGN AND IMPLEMENT SAFEGUARDS TO ENSURE ALL COMPLIANCE CERTIFICATIONS ARE COMPLETED PROPERLY. MANAGEMENT?S RESPONSE: THE ERROR OCCURRED DURING A TIME OF STAFF TRANSITION. THE NEW STAFF PERSON WAS NOT ABLE TO PERFORM HER DUTIES AND SHE WAS TERMINATED. WE QUICKLY HIRED FROM WITHIN, AUDITED OUR FILES AND HAVE CORRECTED ALL OF THE ERRORS FROM THE PREVIOUS EMPLOYEE. "
Finding 2022-001
"DESCRIPTION OF FINDING: THE HUD REGULATORY AGREEMENTS REQUIRES THE PROJECT TO RECERTIFY EACH TENANT?S ELIGIBILITY ON AN ANNUAL BASIS THROUGH FORM HUD-50059. ONE INSTANCE WAS NOTED WHERE A FORM HUD-50059 WAS NOT SIGNED BY THE TENANT. EFFECT: OUT OF COMPLIANCE WITH THE HUD REGULATORY AGREEMENT. RECOMMENDATIONS: WE RECOMMEND THAT THE PROJECT DESIGN AND IMPLEMENT SAFEGUARDS TO ENSURE ALL COMPLIANCE CERTIFICATIONS ARE COMPLETED PROPERLY. MANAGEMENT?S RESPONSE: THE ERROR OCCURRED DURING A TIME OF STAFF TRANSITION. THE NEW STAFF PERSON WAS NOT ABLE TO PERFORM HER DUTIES AND SHE WAS TERMINATED. WE QUICKLY HIRED FROM WITHIN, AUDITED OUR FILES AND HAVE CORRECTED ALL OF THE ERRORS FROM THE PREVIOUS EMPLOYEE. "