FAC Explorer

Audit 382769

FY End
2025-06-30
Total Expended
$1.15M
Findings
1
Programs
2
Organization: Parc Community Homes, Inc. Project No. 072-Hd077 (IL)
Year: 2025 Accepted: 2026-01-20
Auditor: CLIFTONLARSONALLEN LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1169720 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $1.11M Yes 1
14.195 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $34,671 Yes 0

Contacts

Name Title Type
C8GDHPKKLHD5 Michael Cohlman Auditee
3096913800 Rusty Gibson Auditor
No contacts on file

Notes to SEFA

The Corporation has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Corporation did not receive any federal awards in the form of noncash assistance for insurance in effect during the year. In addition, the Corporation did not pass through any federal grants to subrecipients.

Finding Details

Finding 2025-001
Federal Agency: U.S. Department of Housing and Urban Development Program Name: Section 811 – New Construction – Capital Advance Program – Supportive Housing for Persons with Disabilities Federal Assistance Listing Number: 14.181 Type of Finding:  Other Matters  Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirement: HUD regulations and the regulatory agreement requires HUD authorization for excess deposits outside of the required monthly deposits. Condition: The Corporation did not receive authorization for an additional deposit made during the year ended June 30, 2025. Questioned Costs: None Context: The Corporation did not receive authorization for an additional deposit made during the year ended June 30, 2025. Cause: Management oversight. Effect: The Corporation is not in compliance with their regulatory agreement with HUD. Repeat Finding: No. Recommendation: Management should receive proper authorization from HUD prior to making additional deposits into the reserve account. Views of Responsible Officials and Planned Corrective Actions: There is no disagreement with the finding. Management will discuss the additional deposit with HUD.