FAC Explorer

Audit 403631

FY End
2025-06-30
Total Expended
$1.19M
Findings
2
Programs
1
Organization: Calloway Street One, Inc. (MD)
Year: 2025 Accepted: 2026-06-12
Auditor: TIDWELL GROUP LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1217423 2025-001 Material Weakness Yes C
1217424 2025-002 Material Weakness Yes C

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $40,488 Yes 0

Contacts

Name Title Type
MNLYMC4ZDV15 Joyce Schuldt Auditee
4105467752 Sean Hutton Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Hickory Lane One, Inc. 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.

Finding Details

Finding 2025-001
S3800-010 Finding Reference Number 2025-1 S3800-011 Title and CFDA Number of Federal Program 14.157 Supportive housing for the elderly S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status In process S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference No S3800-020 Criteria The Regulatory Agreement requires monthly deposits to the Replacement Reserve account. S3800-030 Statement of Condition The Corporation did not make the required deposits to the Replacement Reserve account. S3800-032 Cause Lack of cash flow due to the lack of receipt of rental assistance payments. S3800-033 Effect The Project's Replacement Reserve account is underfunded and is not compliant with the Regulatory Agreement. S3800-035 Auditor Non-Compliance Code N - Reserve for Replacements Deposits S3800-037 FHA/Contract Number 052-EE042 S3800-038 Questioned Costs $8,938 S3800-050 Context The Corporation, despite multiple efforts from management, did not receive all of the outstanding rental assistance payments from HUD during the year and thus did not have the cash flow to be able to make the deposits to the Replacement Reserve account in the amount of $8,938. S3800-080 Recommendation The Corporation should deposit $8,938 into the Replacement Reserve account as cash flow permits.
Finding 2025-002
S3800-010 Finding Reference Number 2025-2 S3800-011 Title and CFDA Number of Federal Program 14.157 Supportive housing for the elderly S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status In process S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference No S3800-020 Criteria The Regulatory Agreement requires surplus cash to be deposited to the Residual Receipt account when there is prior year surplus cash deposit due. S3800-030 Statement of Condition The Corporation did not make the required deposit to the Residual Receipts account. S3800-032 Cause Lack of cash flow due to the lack of receipt of rental assistance payments. S3800-033 Effect The Project's Residual Receipts account is underfunded and is not compliant with the Regulatory Agreement. S3800-035 Auditor Non-Compliance Code N - Residual Receipts Deposits S3800-037 FHA/Contract Number 052-EE042 S3800-038 Questioned Costs $17,403 S3800-050 Context The Corporation, despite multiple efforts from management, did not receive all of the outstanding rental assistance payments from HUD during the year and thus did not have the cash flow to be able to make the deposits to the Residual Receipts account in the amount of $17,403. S3800-080 Recommendation The Corporation should deposit $17,403 into the Residual Receipts account as cash flow permits.