FAC Explorer

Audit 372708

FY End
2025-03-31
Total Expended
$4.42M
Findings
1
Programs
2
Organization: Mayfield Manor II (FL)
Year: 2025 Accepted: 2025-12-01
Auditor: BELLOWS ASSOCIATES P A

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1163216 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY - CAPITAL ADVANCE $4.27M Yes 0
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY - PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) $143,695 Yes 1

Contacts

Name Title Type
X673QFX5GVG5 Irene Phillips Auditee
9548359200 Jennifer R. Koffman Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal award activity of National Steelworkers Oldtimers Community Urban Development Company of Canton Two, Inc., operating as Mayfield Manor II, HUD Project No. 042-EE027, 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 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 National Steelworkers Oldtimers Community Urban Development Company of Canton Two, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of National Steelworkers Oldtimers Community Urban Development Company of Canton Two, Inc.
National Steelworkers Oldtimers Community Urban Development Company of Canton Two, Inc. has received a HUD capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the schedule. National Steelworkers Oldtimers Community Urban Development Company of Canton Two, Inc. received no additional loans during the year. The balance of the capital advance outstanding as March 31, 2025 is $4,274,700.

Finding Details

Finding 2025-001
FINDING No. 2025-001: Section 202 Supportive Housing for the Elderly, ALN 14.157 Finding Resolution Status: Unresolved. Information on Universe Population Size: PRAC contracts and assistance. Sample Size Information: Monthly PRAC assistance. Identification of Repeat Finding and Finding Reference Number: No. Criteria: As required by HUD regulations, the PRAC contract renewal must be submitted at least 120 days prior to the existing contract expiration date. Additionally, PRAC loans approved from the replacement reserve account must be returned timely, as stipulated in form HUD-9250. Statement of Condition: The Project did not complete the PRAC renewal process timely. As a result, the Project needed to secure funding through a replacement reserve loan that was not repaid upon receipt of the PRAC funds. Cause: The Project did not follow HUD regulations for a timely PRAC contract renewal resulting in the delay of funding. Effect or Potential Effect: The Project is not in compliance with HUD regulations for a timely PRAC contract renewal and repayment provision stipulated in form HUD-9250. Auditor Non-Compliance Code: R – Section 8 Program Administration. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor's recommendations will be adopted. Recommendation: Ensure the PRAC contract renewal is submitted timely and that all loans taken from the replacement reserve account are repaid upon receipt of PRAC funds, as required by HUD. Response Indicator: Agree. Completion Date: 03/31/2026 Response: New staff has been put in place to monitor and submit all renewals in a timely manner.