FAC Explorer

Audit 388195

FY End
2025-06-30
Total Expended
$844,357
Findings
2
Programs
4
Organization: Lifeworks, Inc. and Affiliates (MA)
Year: 2025 Accepted: 2026-02-19
Auditor: COHNREZNICK LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1174651 2025-001 Material Weakness Yes C
1174652 2025-001 Material Weakness Yes C

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $155,451 Yes 0
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $140,155 Yes 1
84.126 REHABILITATION SERVICES VOCATIONAL REHABILITATION GRANTS TO STATES $22,515 Yes 0
84.027 SPECIAL EDUCATION GRANTS TO STATES $8,393 Yes 0

Contacts

Name Title Type
J4Q7L6R7KZ68 Daniel Burke Auditee
7817624001 Brian, Martin Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Lifeworks, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2025. 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 Lifeworks, Inc. and Affiliates, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of Lifeworks, Inc. and Affiliates.
The federal loan program listed below is administered directly by the U.S. Department of Housing and Urban Development, and balances and transactions relating to this program is included in the Corporation's basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The Corporation received no additional loans during the year. The balance of the loan outstanding as of June 30, 2025 consists of: Assistance Listing Number Program Name Outstanding June 30, 2025 14.157 Supportive Housing for the Elderly $ 105,487

Finding Details

Finding 2025-001
Finding 2025–001 – Significant Deficiency – Cash Management – Residual receipts deposits not made timely Name of Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Project-Based Rental assistance – Section 8 Project-based Cluster Federal Award Identification Number and Year: MA06T831033-25Z, MA06T791016-25Z. Program year is 2025. Assistance Listing Number: 14.195 Criteria In accordance with §880.601(e), Use of Project Funds, any remaining project funds must be deposited with the mortgagee or other HUD-approved depository in an interest-bearing residual receipts account. In accordance with HUD, residual receipts reserve deposits should be made within 90 days of year end. Condition During the year ended June 30, 2025, management did not make the required residual receipts reserve deposit in the amount of $34,811, within 90 days of June 30, 2024 as required by HUD. The residual receipts amount was deposited in October 2025. Cause Controls are not in place to ensure that required residual receipts reserve deposits are made timely. Effect The Corporation is not in compliance with the requirements of the Regulatory Agreement. Questioned Costs Not applicable. Context All deposits that were required to be made to the residual receipts account during the year ended June 30, 2025, were not made timely. These delinquent deposits represent 100% of the population. Identification as Repeat Finding This finding is not a repeat finding. Recommendation Management should establish internal controls and procedures to ensure that required residual receipts reserve deposits are made timely. Views of Responsible Officials Management acknowledges that certain internal controls did not operate effectively during year ended June 30, 2025. We have since implemented controls to ensure the residual receipts required deposits are timely made within 90 days of year end.