FAC Explorer

Audit 365902

FY End
2024-06-30
Total Expended
$2.75M
Findings
6
Programs
2
Organization: Byrne Manor Housing Development Fund Company, Inc. (NY)
Year: 2024 Accepted: 2025-09-09
Auditor: Dimarco Abiusi & Pascarella CPAS PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
576009 2024-001 - - L
576010 2024-002 - - L
576011 2024-003 - - N
1152451 2024-001 - - L
1152452 2024-002 - - L
1152453 2024-003 - - N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $2.59M Yes 3
14.195 Section 8 Housing Assistance Payments Program $162,597 - 0

Contacts

Name Title Type
HFSCP8ALM5A6 Kyle Lyskawa Auditee
3154241821 Maria Snyder Auditor
No contacts on file

Notes to SEFA

Title: Note A Accounting Policies: Note B - Summary of Significant 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. Byrne Manor Housing Development Fund Company, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Note A - Basis Of Presentation The accompanying schedule of expenditures of federal awards includes the federal award activity of Byrne Manor Housing Development Fund Company, Inc. (Byrne Manor Apartments), Project No. 014-EE197/NY06-S001-003, and is presented on the accrual basis of accounting. 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, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Byrne Manor Housing Development Fund Company, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Byrne Manor Housing Development Fund Company, Inc.
Title: Note B Accounting Policies: Note B - Summary of Significant 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. Byrne Manor Housing Development Fund Company, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Note B - Summary of Significant 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. Byrne Manor Housing Development Fund Company, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note C Accounting Policies: Note B - Summary of Significant 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. Byrne Manor Housing Development Fund Company, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Note C - U.S Department of Housing and Urban Development Loan Program Byrne Manor Housing Development Fund Company, Inc. has received a U.S. Department of Housing and Urban Development direct capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Byrne Manor Housing Development Fund Company, Inc. received no additional loans during the year. balance of the capital advance outstanding at June 30, 2024 consists of the following: ALN: 14.157; Program Name: Section 202 Supportive Housing for the Elderly - (Capital Advance); Outstanding balance at June 30, 2024: $2,586,500.

Finding Details

Finding 2024-001
Finding No. 2024-001: Current Year Reporting Package and Data Collection Not Filed Timely a. The Byrne Manor Housing Development Fund Company, Inc. June 30, 2024 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending June 30, 2025 and June 30, 2026. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse late due to management not monitoring CPA firm to enter data in data collection form as agreed upon resulting in a late filing. The form will be submitted as soon as possible. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Byrne Manor Apartments agrees with the finding and the auditor’s recommendations have been adopted.
Finding 2024-002
Finding No. 2024-002: Prior Year Reporting Package and Data Collection Not Filed Timely a. The Byrne Manor Housing Development Fund Company, Inc. June 30, 2023 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending June 30, 2024 and June 30, 2025. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse late due to a delay in the delivery of audit materials attributable to upper-level management transitions resulting in a late filing. The form was submitted on January 30, 2024. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Byrne Manor agrees with the finding and the auditor’s recommendations have been adopted.
Finding 2024-003
Finding No. 2024-003: Section 202 Supportive Housing for the Elderly – (Capital Advance); ALN 14.157 a. Statement of condition: The required deposit of surplus cash of $9,801 as of June 30, 2024 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Byrne Manor Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: The project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: Byrne Manor Apartment’s $9,801 deposit due will be paid as soon as possible. e. Recommendation: Byrne Manor Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Byrne Manor Apartments agrees with the finding and the auditor’s recommendations have been adopted.
Finding 2024-001
Finding No. 2024-001: Current Year Reporting Package and Data Collection Not Filed Timely a. The Byrne Manor Housing Development Fund Company, Inc. June 30, 2024 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending June 30, 2025 and June 30, 2026. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse late due to management not monitoring CPA firm to enter data in data collection form as agreed upon resulting in a late filing. The form will be submitted as soon as possible. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Byrne Manor Apartments agrees with the finding and the auditor’s recommendations have been adopted.
Finding 2024-002
Finding No. 2024-002: Prior Year Reporting Package and Data Collection Not Filed Timely a. The Byrne Manor Housing Development Fund Company, Inc. June 30, 2023 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending June 30, 2024 and June 30, 2025. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse late due to a delay in the delivery of audit materials attributable to upper-level management transitions resulting in a late filing. The form was submitted on January 30, 2024. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Byrne Manor agrees with the finding and the auditor’s recommendations have been adopted.
Finding 2024-003
Finding No. 2024-003: Section 202 Supportive Housing for the Elderly – (Capital Advance); ALN 14.157 a. Statement of condition: The required deposit of surplus cash of $9,801 as of June 30, 2024 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Byrne Manor Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: The project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: Byrne Manor Apartment’s $9,801 deposit due will be paid as soon as possible. e. Recommendation: Byrne Manor Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Byrne Manor Apartments agrees with the finding and the auditor’s recommendations have been adopted.