FAC Explorer

Audit 402862

FY End
2025-12-31
Total Expended
$7.25M
Findings
3
Programs
3
Organization: CEDAR LANE SENIOR LIVING COMMUNITY, LLC (MD)
Year: 2025 Accepted: 2026-06-02
Auditor: CITRIN COOPERMAN

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1216340 2025-001 Material Weakness Yes N
1216341 2025-002 Material Weakness Yes N
1216342 2025-003 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $5.31M Yes 3
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $1.82M Yes 0
14.191 MULTIFAMILY HOUSING SERVICE COORDINATORS $121,870 Yes 0

Contacts

Name Title Type
K1GSHA77F5T6 Eric Golden Auditee
3014758966 John Krizansky Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Cedar Lane Senior Living Community, LLC 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). Because the Schedule presents only a selected portion of the operations of Cedar Lane Senior Living Community, LLC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Cedar Lane Senior Living Community, LLC.
Cedar Lane Senior Living Community, LLC has received a U.S. Department of Housing and Urban Development loan. The loan balances outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. Cedar Lane Senior Living Community, LLC received no additional loans during the period. The balance of the loans and accrued interest outstanding at December 31, 2025 consists of: 14.155 Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects.

Finding Details

Finding 2025-001
The lack of appropriate policies, procedures, and internal processes led to journal entries identified during the course of the audit.
Finding 2025-002
See detail of reporting in Finding No. 2025-003 within Section III – Federal Award Findings and Questioned Costs
Finding 2025-003
During May 2025, the Organization entered into a note payable for the purchase of an HVAC unit totaling $83,000. The note bears interest at 10.31%, requires monthly payments through April 2030, and is collateralized by the HVAC unit. The Organization did not obtain HUD approval before executing the note.