FAC Explorer

Audit 399220

FY End
2025-12-31
Total Expended
$4.53M
Findings
1
Programs
2
Organization: B'nai B'rith Covenant House of Peoria Inc. II 072-Ee038 (IL)
Year: 2025 Accepted: 2026-04-21
Auditor: CLIFTONLARSONALLEN LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1208249 2025-002 Material Weakness Yes P

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $3.73M Yes 1
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $798,795 Yes 0

Contacts

Name Title Type
JPPKUKJMGXN4 Jeff Cottingham Auditee
3096732252 Rusty Gibson Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of B’nai B’rith Covenant House of Peoria, Inc., II 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 2 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 B’nai B’rith Covenant House of Peoria, Inc., II, it is not intended to and does not present the financial position, changes in net assets, or cash flows of B’nai B’rith Covenant House of Peoria, Inc., II.
The capital advance program mortgage note in the amount of $3,731,900 with the U.S. Department of Housing and Urban Development does not require repayment as long as the housing remains for very low-income elderly or very low-income persons with disabilities. The Project did not receive any federal awards in the form of noncash assistance for insurance in effect during the year. In addition, the Project did not pass through any federal grants to subrecipients.

Finding Details

Finding 2025-002
Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Supportive Housing for the Elderly (Section 202) Mortgage Financing Assistance Listing #: 14.157 Type of Finding: * Other Matters Condition: The Project has bank accounts at one bank that are over the FDIC limit that are not covered by additional collateral or insurance. Additionally, the bank has not received one of HUD’s acceptable ratings, as described in HUD Handbook 4350.1. Criteria or Specific Requirement: HUD requires that funds held at banks in excess of FDIC limits either be collateralized or insured, or the bank has received one of HUD’s acceptable rating. Questioned Costs: None Context: The Project has bank accounts over the FDIC limit. Cause: The bank balance increased in the current year. Effect: The Project is not in compliance with the regulatory agreement. Repeat Finding: No Recommendation: We recommend the funds over the FDIC limit either be collateralized or insured, or moved to a bank with a HUD acceptable rating. Views of Responsible Officials and Planned Corrective Actions: Management agrees and will monitor funds held at the bank and take steps to ensure compliance with HUD regulations.