FAC Explorer

Audit 396995

FY End
2025-09-30
Total Expended
$3.92M
Findings
1
Programs
2
Organization: Edward Romero Terrace (FL)
Year: 2025 Accepted: 2026-03-31
Auditor: BELLOWS ASSOCIATES P A

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1205293 2025-001 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY - Capital Advance $3.61M Yes 0
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY - PRAC $306,319 Yes 1

Contacts

Name Title Type
ET6GBML8NK16 Irene Phillips Auditee
9548359200 Jennifer R. Koffman Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Edward Romero Terrace, HUD Project No. 116-EE041, 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 Edward Romero Terrace, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Edward Romero Terrace.
Edward Romero Terrace 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. Edward Romero Terrace received no additional loans during the year. The balance of the capital advance outstanding as of September 30, 2025 was $3,612,101.

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: Forty-three tenants. Sample Size Information: Five tenants. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD regulations require: • Verification of initial income through the use of EIV reports within 90 days of move-in; • All lease addendums should be signed by the tenant and owner. Statement of Condition: Of the tenant files selected: • One tenant file did not contain verification of the initial income through the use of EIV reports; • Two tenant files were missing the tenant’s signatures on all lease addendums. Cause: The Project did not perform and/or maintain appropriate tenant eligibility and income verification documentation in accordance with HUD requirements. Effect or Potential Effect: Unable to verify tenant eligibility and improper maintenance of tenant files as it relates to lease addendums. 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: The Project should implement procedures to ensure that all required tenant eligibility steps are performed in accordance with HUD regulations and to ensure that all documentation related to tenants is properly executed and maintained. Response Indicator: Agree. Completion Date: 9/30/2026 Response: Staff training has been provided with additional HUD training inclusive of eligibility requirements and included in monthly reporting procedures.