FAC Explorer

Audit 369765

FY End
2024-12-31
Total Expended
$8.87M
Findings
1
Programs
1
Organization: Coordinated Living of Southern Nevada, Inc. (NV)
Year: 2024 Accepted: 2025-09-30
Auditor: Rubin Brown LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1157542 2024-001 Material Weakness Yes EM

Programs

ALN Program Spent Major Findings
14.239 Home Investment Partnerships Program $8.87M Yes 1

Contacts

Name Title Type
RJUFBYNXQKH4 Charity Cage Auditee
7024671414 Christy Banton Auditor
No contacts on file

Notes to SEFA

No new federal awards were provided to subrecipients by the Organization during the year ended December 31, 2024. Total notes outstanding for previously provided awards as of December 31, 2024 totals $8,869,144 and is as follows:
The basis used to determine notes outstanding is 1) the amount of proceeds received during the fiscal year plus 2) the balance of notes from previous years for which the federal government imposes continuing compliance requirements plus 3) any interest subsidy, cash or administrative cost allowance received. The Organization has signed promissory note agreements with the grantors, which require repayment upon the earlier of the maturity date stated in the note agreement or upon request of the grantor if the respective asset is converted to non-qualified HOME Investment Partnership Program activity. The notes are secured by a deed of trust and assignment of rents on the rental property for which the funds were used for construction. The balances of notes outstanding as of December 31, 2024 equaled the amount of federal expenditures of loan programs for the year ended December 31, 2024 and totaled $8,869,144.

Finding Details

Finding 2024-001
Condition: The Organization’s internal control procedures did not include reviewing the HOME Program Housing Beneficiary Reports for accuracy prior to submission to the applicable oversite agency. Criteria: The Organization is required to submit HOME Program Housing Beneficiary Reports in connection with the HOME funds it has received based on tenant income certifications. Cause: The Organization utilizes a third party vendor to prepare the reports but did not have a review process which ensured the information in the report was correct for the year ended December 31, 2024. Effect: We noted one error in which the amount of monthly gross income reported on a January 2024 beneficiary report filed with Clark County was not correct. From a population of 14 reports which contain a total population of 138 required designated HOME units, we selected 2 units per report for a total selection of 28 units. The error did not result in the unit not meeting the affordability requirements or any other federally reported requirement. Questioned Costs: None Repeat Finding: The finding was a repeat of a prior year finding. Auditor’s Recommendation: We recommend that a responsible employee review and approve all HOME Program Housing Beneficiary Reports for accuracy prior to their submission to the applicable oversite agency. The review should contain procedures to match the income amounts per the HOME Program Housing Beneficiary Reports with the specific tenant income certification forms. We recommend that the reviewer document the date of the income certification form for each unit as well as the initials of the reviewer. Views Of Responsible Officials And Planned Corrective Actions: Management agrees with the auditor’s recommendation. The director of Low-Income Housing Tax Credit and Compliance will enhance the documentation of the review process and a Board Member will review the documentation.