FAC Explorer

Audit 369795

FY End
2024-12-31
Total Expended
$3.35M
Findings
1
Programs
1
Organization: Northwest Senior Housing Corporation (CT)
Year: 2024 Accepted: 2025-09-30
Auditor: Bailey Moore Glazer Schaeffer & Proto LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1157565 2024-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 Supportive Housing for the Elderly $195,552 Yes 0

Contacts

Name Title Type
DDHHZ8W6W9Q5 Eric Jay Auditee
8609519411 Brian S Borgerson CPA Auditor
No contacts on file

Notes to SEFA

Northwest Senior Housing Corporation has received a U.S. Department of Housing and Urban Development Section 202 Capital Advance. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Northwest Senior Housing Corporation received no additional loans during the year. The balance of the loan outstanding at December 31, 2024, consists of: Program Name CFDA # Section 202 Capital Advance 14.157 $ 3,155,700

Finding Details

Finding 2024-001
Finding number : 2024-001 ALN: 14.157 Supportive Housing for the Elderly Grantor: HUD Questioned Costs: $0 Description of Condition: Per the regulatory agreement the Project is required to make monthly deposits, as set by HUD, into the replacement reserve bank account. The Project only made eleven of the twelve required deposits. Cause of Condition: The Project is currently in a cash poor situation. The required deposit was in accounts payable causing the bank account to look funded while one payment was not actually made. Effect of Condition: Recommendations: Replacement reserve is under funded by $1,337. Care be taken to ensure the required payments are made timely.