FAC Explorer

Audit 378125

FY End
2025-09-30
Total Expended
$2.04M
Findings
2
Programs
1
Organization: Cissna Park Senior Life Development, Nfp (IL)
Year: 2025 Accepted: 2025-12-30
Auditor: GORDON STOCKMAN & WAUGH PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1167046 2025-001 Material Weakness Yes P
1167047 2025-001 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $106,669 Yes 1

Contacts

Name Title Type
LYBKGQVGMQK7 Jeff Cottingham Auditee
3096732252 Andrew Ryon Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Cissna Park Senior Life Development, NFP Project No. 072-EE160/IL 06-S051-002, 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 Cissna Park Senior Life Development, NFP Project No. 072-EE160/IL 06-S051-002, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Cissna Park Senior Life Development, NFP Project No. 072-EE160/IL 06-S051-002.
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. Cissna Park Senior Life Development, NFP Project No. 072-EE160/IL 06-S051-002 has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The capital advance program mortgage note in the amount of $1,932,900 with the U.S. Department of Housing and Urban Development does not require repayment as long as the housing remains for low income elderly persons.

Finding Details

Finding 2025-001
Condition: There is minimal segregation of duties among personnel involved in the accounting function. A lack of proper segregation of duties could allow errors or irregularities to occur and go undetected. Due to budgetary constraints imposed by HUD, small projects, for sound economic conditions, must function with a small number of office personnel and correction of this condition would require the employment of additional office personnel. Consequently, corrective action may not be practical.Criteria: A proper segregation of duties is an important component of a system of strong internal controls and should be implemented, if possible.Cause: For sound economic reasons, the Project and the management company must function with a small number of office personnel, and correction of this condition would require the employment of additional office personnel. Consequently, corrective action may not be practical. Effect: A lack of segregation of duties increases the risk that errors or fraud may occur and not be prevented or detected on a timely basis. Repeat Finding: Yes, prior year finding 2024-001 Recommendation: When this condition exists, management’s close supervision and review of accounting information is the best means of preventing or detecting errors and irregularities. Management Response: We agree and will continue to monitor monthly financial results and accounting information as correction is not practical.