FAC Explorer

Audit 398294

FY End
2025-12-31
Total Expended
$8.61M
Findings
1
Programs
1
Organization: The Presbyterian Home at West Windsor, Inc. (NJ)
Year: 2025 Accepted: 2026-04-09
Auditor: BAKER TILLY US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1206265 2025-001 Material Weakness Yes C

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $598,562 Yes 1

Contacts

Name Title Type
G65NSLR19PQ6 Marybeth Kopec Auditee
7324303690 Steve Repko Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of The Presbyterian Home at West Windsor, Inc. (the Organization) 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). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the 2025 basic financial statements.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in Office of Management and Budget Circular A-122, Cost Principles for Nonprofit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
The Organization has received a HUD Capital Advance under Section 202 of the National Housing Act (Capital Advances). All Capital Advances made to the Organization are included in the federal expenditures presented in the Schedule. The Capital Advances balance at the beginning of the year is included in the federal expenditures presented in the Schedule. This is also the balance at December 31, 2025. The Organization received no additional Capital Advances during the year ended December 31, 2025. The Organization received $598,562 in project rental assistance payments under a Project Rental Assistance Contract under the same Assistance Listing Number 14.157, which is separately presented on the Schedule.
The Organization has not elected to use the 10% de-minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2025-001
Finding 2025-001 - Tenant Security Deposit Refund Requirement ALN Number: 14.157 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: January 1, 2025 - December 31, 2025 Pass-Through Entity: Not applicable Condition and Criteria: The Organization is required to remit security deposits to former tenants within 30 days from the move-out date. Cause: The Organization's processing of refund paperwork was not completed timely. Effect: Two of the six tenant files reviewed included documentation that showed the processing of the refund occurred after the standard 30-day period. Our sample included six tenant files. The sample was not a statistically valid sample but was determined using Chapter 21 – Audit Sampling Considerations of Uniform Guidance Compliance Audits of the Government Auditing Standards and Single Audit Guide. Questioned Costs: No questioned costs were identified. Recommendation: The Organization should have procedures in place to ensure that annual tenant refunds are completed timely. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding, and is in the process of taking the necessary steps to remit security deposit refunds within 30 days from the move-out date.