FAC Explorer

Audit 398489

FY End
2025-09-30
Total Expended
$10.49M
Findings
1
Programs
2
Organization: Senior Citizens Housing Development Corporation of Montgomery County (FL)
Year: 2025 Accepted: 2026-04-13
Auditor: BELLOWS ASSOCIATES P A

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1206476 2025-001 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
14.155 MORTGAGE INSURANCE FOR THE REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $8.05M Yes 1
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $2.43M Yes 0

Contacts

Name Title Type
GXALXJ2E7A77 Irene Phillips Auditee
9548359200 Jennifer R. Koffman Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Senior Citizens Housing Development Corporation of Montgomery County, HUD Project No. 000-11186, 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 (CFR) 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 Senior Citizens Housing Development Corporation of Montgomery County, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Senior Citizens Housing Development Corporation of Montgomery County.
Senior Citizens Housing Development Corporation of Montgomery County has received a HUD mortgage insurance for the refinancing of existing multifamily housing projects under section 207/223(f) of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Senior Citizens Housing Development Corporation of Montgomery County received no additional loans during the year. The balance of the loan outstanding as of September 30, 2025 was $7,714,481.

Finding Details

Finding 2025-001
FINDING No. 2025-001: Section 227/223(f) Mortgage Insurance for the Refinance of Existing Multifamily Housing Projects, ALN 14.155 Finding Resolution Status: Unresolved. Information on Universe Population Size: One hundred and seventy-four tenants. Sample Size Information: Twenty tenants. Identification of Repeat Finding and Finding Reference Number: Yes, 2024-001. Criteria:HUD regulations require all initial and ongoing tenant eligibility documentation to be obtained timely and maintained during tenancy. Statement of Condition: Missing documentation in tenant files: • Nine tenant files did not have EIVs obtained within 90 days of them being entered into TRACS with average EIVs exceeding 270 days. • One tenant file did not have the annual unit inspection report. • One tenant file did not have evidence of an EIV report pulled during annual recertification. • One tenant file did not have the house rules lease addendum. • Three tenant files did not have a move-in unit inspection report. • One tenant file had a move-in unit inspection completed 6 days after the tenant moved in. Cause: Due to turnover of the property manager position, the Project did not administer the Section 8 program in accordance with HUD regulations. Effect or Potential Effect: Unable to verify tenant eligibility and cost of assistance may be disallowed. 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 proper initial eligibility procedures are conducted for potential tenants and that tenant files are accurately maintained. Response Indicator: Agree Completion Date: 9/30/2026 Response: Staff training has been provided with additional HUD training inclusive of EIV reporting and tenant file maintenance and included in monthly reporting procedures.