FAC Explorer

Audit 402886

FY End
2025-12-31
Total Expended
$5.50M
Findings
2
Programs
1
Organization: Providence Manor Development Corporation (GA)
Year: 2025 Accepted: 2026-06-02
Auditor: APRIO LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1216353 2025-002 Material Weakness Yes N
1216354 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $573,627 Yes 1

Contacts

Name Title Type
NKZ4P157JK93 Denise Crowder Auditee
4043496505 Melissa Dunn Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Providence Manor Development Corporation 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 Providence Manor Development Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of Providence Manor Development Corporation.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, "Cost Principles for Non-Profit Organizations" or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Providence Manor Development Corporation has elected not to use the 15% de minimus indirect cost rate allowed under Uniform Guidance.
Providence Manor Development Corporation's has received a direct loan under the Section 202 Capital Advance program. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The balance of the loans outstanding as of December 31, 2025 is $4,923,400.

Finding Details

Finding 2025-002
Finding Reference Number: 2025-02 Title and Number of Federal Program: Section 202 Capital Advance and PRAC, 14.157 Type of Finding: Federal Award Finding Finding Resolution Status: In Process Information on Universe Population Size: n/a Sample Size Information: n/a Identification of Repeat Finding and Finding Reference Number: n/a Criteria: The Corporation is responsible for establishing and maintaining policies and procedures to ensure the timely funding of replacement reserves and repayment of HUD replacement reserve loans, in accordance with HUD requirements. Statement of Condition: HUD replacement reserve loans were not repaid in a timely manner, and monthly replacement reserve deposits were not funded consistently. Cause: Management did not have adequate procedures in place to ensure the timely repayment of HUD replacement reserve loans and the consistent funding of replacement reserve deposits. Effect or Potential Effect: Noncompliance with HUD loan terms and replacement reserve deposit requirements. Auditor Non-Compliance Code: N - Reserve for replacement deposits Questioned Costs: $34,195 Reportable Views of Responsible Officials: Management agrees with the finding, and the loans will be repaid as soon as funds are available and management will ensure timely funding of the replacement reserve going forward. Context: n/a Recommendation: We recommend that management should review and strengthen policies and procedures related to the repayment of HUD loans and the timely funding of replacement reserve deposits. Auditors’ Summary of the Auditee’s Comments on the Findings and Recommendations: Agree with management's assessment. Response Indicator: Agree Status Indicator: Unresolved Completion Date: 12/31/2025 Response: Policies and procedures will be reviewed to ensure that HUD loans are repaid in accordance with the required payment terms and that replacement reserve deposits are funded consistently.