FAC Explorer

Audit 397889

FY End
2025-12-31
Total Expended
$2.85M
Findings
3
Programs
4
Organization: Monte Vista Community Center Housing Authority, Inc. (CO)
Year: 2025 Accepted: 2026-04-07
Auditor: WALL SMITH BATEMAN INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1206039 2025-001 Material Weakness Yes EJ
1206040 2025-001 Material Weakness Yes EJ
1206041 2025-001 Material Weakness Yes EJ

Programs

ALN Program Spent Major Findings
10.415 RURAL RENTAL HOUSING LOANS $2.10M Yes 1
10.415 RURAL RENTAL HOUSING LOANS RENTAL ASSISTANCE $348,677 Yes 1
14.856 LOWER INCOME HOUSING ASSISTANCE PROGRAM SECTION 8 MODERATE REHABILITATION $292,841 Yes 0
10.415 RURAL RENTAL HOUSING LOANS INTEREST SUBSIDY $109,835 Yes 1

Contacts

Name Title Type
CSD8BRNFC3J5 Corinna Garcia Auditee
7198525505 Kimberley Temple Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Monte Vista Community Center Housing Authority, Inc., under programs of the federal government for the year ended December 31, 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 Monte Vista Community Center Housing Authority, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Monte Vista Community Center Housing Authority, Inc.
The Rural Rental Housing Loans are administered directly by Rural Development payable by the Housing Authority. The outstanding loan balances at December 31, 2025 are included in the financial statements. The detail of loans outstanding at the beginning and end of the year are included in Note 6 of the Notes to the Financial Statements.

Finding Details

Finding 2025-001
Finding 2025-001: Rural Rental Housing Loans Assistance Listing Number: 10.415 U.S. Department of Agriculture (Repeat of Finding 2024-001) Compliance Requirement: Eligibility, Program Income Type of finding: Internal Control Over Compliance (significant deficiency) Criteria: The Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards require that the non-Federal entity establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award (2 CFR 200.303(a)). Condition: There were no reviews of the tenant eligibility determinations during the year for the Sierra Vista Alamosa Housing Complex. This complex represents 1 of 3 complexes and 27 of the 111 units included in the Rural Rental Housing Loans program. In addition, seven of the 12 monthly housing assistance payment requests submitted for the Sierra Vista Alamosa Housing Complex were not reviewed. Cause: Management has not implemented an internal control structure that provides for independent review of tenant eligibility determinations or all monthly housing assistance payment requests for the Sierra Vista Alamosa Housing Complex. Effect: Noncompliance with the Rural Rental Housing Loan requirements may exist and not be detected by the Organization. Recommendation: The Organization should strengthen its internal controls with adopted policies and procedures to ensure a review process is established through adequate segregation of duties. The Organization should consider assessing and realigning the duties and responsibilities of the Executive Director, Administrative Assistant, and Alamosa Property Manager to provide for a review process of tenant eligibility determinations and the monthly housing assistance payment requests for the Sierra Vista Alamosa Housing Complex. Grantee’s Response: See corrective action plan.