FAC Explorer

Audit 367956

FY End
2024-06-30
Total Expended
$1.32M
Findings
1
Programs
1
Organization: St. Anthony's Housing for the Elderly Corporation (DE)
Year: 2024 Accepted: 2025-09-26
Auditor: Whisman Giordano & Associates LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1155684 2024-001 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
14.856 Lower Income Housing Assistance Program Section 8 Moderate Rehabilitation $1.32M Yes 1

Contacts

Name Title Type
MV8ZFSKB2ME8 Kim Caputo Auditee
3024213758 Frank Defroda Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of St. Anthony’s Housing for the Elderly Corporation, under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations 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 St. Anthony’s Housing for the Elderly Corporation, the Schedule is not intended to and does not present the financial position, changes in net assets, or cash flows of St. Anthony’s Housing for the Elderly Corporation.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. St. Anthony’s Housing for the Elderly Corporation has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2024-001
During the 2024 audit of Federal Program 14.856 - Lower Income Housing Assistance Program – Section 8 Moderate Rehabilitation, we noted that in four out of 14 tenant files sampled, management did not agree certain items from the income certification to the supporting documentation in four tenant files. In accordance with the eligibility requirements of this program, income items used in the certification calculations need to be agreed to supporting documentation such as bank statements. This occurred due to a change in personnel and responsibilities during the year. Failure to reconcile certification items to supporting documentation may result in the incorrect calculation of tenant rent and the associated subsidy, which may also result in a loss of future funding. Recommendation - We recommend that management establish a procedure to ensure that all income items are compared and reconciled to appropriate supporting documentation and maintained in the tenant files, and the certifications are reviewed by the appropriate individual.