FAC Explorer

Audit 394688

FY End
2025-06-30
Total Expended
$3.47M
Findings
2
Programs
1
Organization: Ditson Street Senior Housing, Inc. (MA)
Year: 2025 Accepted: 2026-03-26
Auditor: DANIEL DENNIS & COMPANY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1186929 2025-001 Material Weakness Yes N
1186930 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $542,724 Yes 1

Contacts

Name Title Type
PDUMHJ3WHEQ4 Ellen Mason Auditee
6172824290 Andrew Bacigalupo Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Ditson Street Senior Housing, Inc. (the Organization), HUD Project No. 023-EE030, 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 the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
The Section 202 Capital Advance, which was received in prior fiscal years, is included on the Schedule at its outstanding balance as of July 1, 2024, as it includes continuing compliance requirements from HUD. There were no additional proceeds received or payments made on this loan during 2025. At June 30, 2025 the outstanding balance was $2,929,900.
There were no federal awards passed through to subrecipients by the Organization during the fiscal year ended 2025.

Finding Details

Finding 2025-001
2025-001 Replacement Reserve Deposits Federal Agency: U.S. Department of Housing and Urban Development (HUD) Federal Program: 14.157 Supportive Housing for the Elderly Condition: Required monthly deposits to the replacement reserve account was not made timely for three months. Criteria: An amount, as required by HUD, will be deposited monthly in the replacement reserve account. Cause: The Organization did not have sufficient cash flow in order to make the required deposits into the replacement reserve account and meet the Organization’s other obligations as they became due. Effect: Monthly required deposits to the replacement reserve account were not made timely. Context: A sample of twelve months were selected for the replacement reserve account to determine if the monthly required deposits were deposited in accordance with HUD requirements. Our test found that for three months, the deposit was not made timely. Our sample was not a statistically valid sample. This was a repeat finding from a prior period, finding number 2024-001. Questioned Costs: None Recommendations: Management should ensure that the required deposits to the replacement reserve account are made in accordance with the agreements. Management Response: The Organization’s unit rents are not at a level to fund the Organization’s operations and properly maintain the Project’s maintenance which requires the Organization to prioritize paying its utility bills and other required immediate operating costs during the year. See management’s attached corrective action plan for additional information.