FAC Explorer

Audit 399798

FY End
2025-12-31
Total Expended
$2.86M
Findings
1
Programs
2
Organization: Ebenezer Ridge Point Apartments, Inc. (MN)
Year: 2025 Accepted: 2026-04-27
Auditor: CLIFTONLARSONALLEN LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1208847 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $2.65M Yes 1
14.182 LOWER INCOME HOUSING ASSISTANCE PROGRAM_SECTION 8 NEW CONSTRUCTION/SUBSTANTIAL REHABILITATION $218,211 Yes 0

Contacts

Name Title Type
MEE1N3X1YGD7 Todd Willett Auditee
6128743493 Nicole Folkerts Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Project 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 the Project, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Project.
The Section 202 HUD Capital Advance had an outstanding balance of $2,645,800 at December 31, 2025.

Finding Details

Finding 2025-001
2025-001 Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 232 HUD Insured Mortgage Assistance Living Number: 14.157 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or Specific Requirements: Replacement reserve withdrawal form required an internal signature for Approval prior to submitting to HUD. Condition: Management is responsible for reviewing the replacement reserve withdrawal form to verify proper approval and signature. Context: While performing audit procedures it was noted that the client did not get the proper approval and signature from management on the replacement reserve withdrawal form for two of the three requests during 2025. Cause: The Project did not monitor this control and get the proper approval or signature. Effect: Replacement reserve withdrawal form was sent to HUD without proper approval and signature. Repeat Finding: No Recommendation: Recommend management follows the controls and procedures in place and to verify these are followed prior to sending any replacement reserve withdrawal request forms to HUD. Views on Responsible Officials: There is no disagreement with the audit finding.