FAC Explorer

Audit 400232

FY End
2025-12-31
Total Expended
$1.04M
Findings
1
Programs
2
Organization: Tri-County Senior Citizens and Housing, Inc. (CO)
Year: 2025 Accepted: 2026-04-30
Auditor: WALL SMITH BATEMAN INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1210888 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.182 LOWER INCOME HOUSING ASSISTANCE PROGRAM_SECTION 8 NEW CONSTRUCTION/SUBSTANTIAL REHABILITATION $839,905 Yes 1
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $204,060 Yes 0

Contacts

Name Title Type
MTKBTR5F8FM9 Brenda Quintana Auditee
7198525778 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 Tri-County Senior Citizens and Housing, 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 Tri-County Senior Citizens and Housing, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Tri-County Senior Citizens and Housing, Inc.
The Lower Income Housing Assistance Program- Section 8 New Construction/Substantial Rehabilitation loan funds are administered by the the U.S. Department of Housing and Urban Development. The loans are payable by Tri-County Senior Citizens and Housing, Inc. 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 described below and in Note 6 of the Notes to the Financial Statements.

Finding Details

Finding 2025-002
Finding 2025-002: Lower Income Housing Assistance Program – Section 8 New Construction/ Substantial Rehabilitation Assistance Listing Number: 14.182 U.S. Department of Housing and Urban Development (Repeat of Finding 2024-003) Compliance Requirements: Special Tests and Provisions Type of finding: Internal Control Over Compliance (material weakness) and Compliance (material noncompliance) Criteria: Mortgage Restructuring Loan terms require an annual payment of 85% of restricted surplus cash to be paid on the note. Condition: The Organization did not make the required $78,704 payment on the Mortgage Restructuring Loan in 2025. Cause: The Organization has not established a monitoring process to ensure that required payments are made in accordance with the terms of the loan. Effect: Noncompliance with the Mortgage Restructuring Loan payment terms. Recommendation: The Organization should strengthen its internal controls with adopted policies and procedures to establish a monitoring process to ensure compliance with Mortgage Restructuring Loan terms and conditions. Grantee’s Response: See corrective action plan