Audit 367924

FY End

2024-12-31

Total Expended

$2.28M

Findings

Programs

Organization: Judson Terrace, Inc. (OH)

Year: 2024 Accepted: 2025-09-26

Auditor: Tidwell Group LLC

Organization Exclusion Status:

Checking exclusion status...

Findings

ID	Ref	Severity	Repeat	Requirement
1155658	2024-001	Material Weakness	Yes	H

Programs

ALN	Program	Spent	Major	Findings
14.134	Mortgage Insurance_rental Housing	$2.05M	Yes	1
14.195	Section 8 Housing Assistance Payments Program	$226,261	Yes	0

Contacts

Name	Title	Type
N9TDZR3QH9L8	Stephen Tepner	Auditee
3176457123	Damien Cassell	Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Judson Terrace, Inc. 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.

Finding Details

Finding 2024-001

S3800-010 Finding Reference Number 2024-1 S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria Compliance with the Regulatory Agreement stipulates that distributions and advances are to be made only to the extent of surplus cash. S3800-030 Statement of Condition The Corporation paid payroll expenses belonging to other projects. S3800-035 Auditor Non-Compliance Code H - Unauthorized distribution of project assets S3800-037 FHA/Contract Number 046-11155 S3800-038 Questioned Costs $40,399 S3800-050 Context Through an error in management's payroll allocation, the Project was billed and paid payroll expenses belonging to other projects. S3800-060 Effect Less funds are available to meet project needs. S3800-070 Cause Management oversight. S3800-080 Recommendation Funds should be returned to the Project.