FAC Explorer

Audit 370182

FY End
2024-12-31
Total Expended
$1.07M
Findings
3
Programs
2
Organization: Granby Homes for Senior Citizens, Inc. (CT)
Year: 2024 Accepted: 2025-10-01
Auditor: Whittlesey PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1159444 2024-001 Material Weakness Yes P
1159445 2024-001 Material Weakness Yes P
1159446 2024-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
10.427 Rural Rental Assistance Payments $188,627 Yes 1
10.415 Rural Rental Housing Loans $69,552 Yes 1

Contacts

Name Title Type
ZVKTLVCK2HE7 Paula Tracy Auditee
8603985425 Edward Engberg Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Granby Homes for Senior Citizens, Inc. d/b/a Stony Hill Village (the “Project”) under programs of the federal government for the year ended December 31, 2024. 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, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Project, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Project.
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.
The Project has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The balances and transactions related to the federal rural rental housing loan program are included in the Project’s basic financial statements. Loans outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. There were no loans made during the year ended December 31, 2024. The balance of loans outstanding at December 31, 2024 was $791,838.

Finding Details

Finding 2024-001
Finding No. 2024-001 – Management Agent’s Certification – Other Matter Criteria: The Project is required to obtain a Management Agent’s Certification approved by the USDA-RD. Condition: The Project did not obtain an approved Management Agent’s Certification for the year ended December 31, 2024. Effect: USDA-RD did not approve the Management Agent for the year ended December 31, 2024. Cause: A management agreement was in place between the Project and the property manager; however, the Management Agent’s Certification was not provided to USDA-RD for approval. Recommendation: The Project should implement a process to track all required USDA-RD documentation and ensure appropriate filings and authorizations are obtained on a timely basis. Reporting Views of Responsible Officials: Management agrees with the finding, see the Corrective Action Plan.