FAC Explorer

Audit 407437

FY End
2025-12-31
Total Expended
$1.74M
Findings
6
Programs
4
Organization: Homeward Pikes Peak (CO)
Year: 2025 Accepted: 2026-07-20
Auditor: BIGGSKOFFORD LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1224022 2025-002 Material Weakness Yes N
1224023 2025-002 Material Weakness Yes N
1224024 2025-002 Material Weakness Yes N
1224025 2025-002 Material Weakness Yes N
1224026 2025-002 Material Weakness Yes N
1224027 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.267 CONTINUUM OF CARE PROGRAM $340,875 Yes 1
16.736 TRANSITIONAL HOUSING ASSISTANCE FOR VICTIMS OF DOMESTIC VIOLENCE, DATING VIOLENCE, STALKING, OR SEXUAL ASSAULT $152,049 Yes 0
14.231 EMERGENCY SOLUTIONS GRANT PROGRAM $89,039 Yes 0
14.228 COMMUNITY DEVELOPMENT BLOCK GRANTS/STATE'S PROGRAM AND NON-ENTITLEMENT GRANTS IN HAWAII $28,147 Yes 0

Contacts

Name Title Type
GLSZLLLJCJU3 Elizabeth Roalstad Auditee
7194735557 Tyler Atkins Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards ("SEFA") includes the federal award activity of Homeward Pikes Peak ("HPP"), 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 SEFA presents only a selected portion of the operations of HPP, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of HPP. If HPP is required to match certain federal assistance, as defined by the grant agreements, no such matching has been included as expenditures in the schedule.
Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement.
Unless an indirect rate was specified in the grant agreement, HPP elected to use the 15% de minimis indirect cost rate to recover allowable indirect costs for federal grants.
The amount of total expenditures of federal awards reconciles to the revenue in the statement of activities as follows: Total expenditures of federal awards $1,648,487 Add: Other expenditures of federal awards not subject to Uniform Guidance 90,545 Grants and contributions (non-federal awards) 1,813,948 Grants and contributions per statement of activities $3,552,980
Pass-through entity identifying numbers have been included where available.

Finding Details

Finding 2025-002
Application of Rent Reasonableness Standards Significant deficiency U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ALN # : 14.267 Federal Award ID #'s: CO0083L8T042315, CO0083L8T042416, CO0110L8T042312, CO0110L8T042413, CO0061L8T042316, CO0061L8T042417. Condition: Rent was charged in excess of what was charged for other comparable units. Criteria: 2 CFR 578.51(g) requires that rents charged under the Continuum of Care Program not exceed rents currently being charged by the same owner for comparable unassisted units. Condition: Rent was charged in excess of what was charged for other comparable units. Questioned costs: $547. Context: As a result of audit procedures performed over rent reasonableness determinations, auditors identified 4 instances out of 37 clients tested in which the Organization’s rent reasonableness standard was not applied appropriately as amounts charged to the agency exceeded HPP's documentation of what was charged for other comparable units. Cause: While the Organization established controls to ensure amounts did not exceed HUD FMR's, they did not perform and maintain documentation over established rent reasonableness standards when evaluating comparable units. Effect: Amounts could be charged to the grant agreements that exceed what is charged for other comparable unassisted units, leading to questioned costs. Recommendation: Auditors recommend that management strengthen its review of rent reasonableness assessments to ensure that comparable unit data, market analyses, and approval steps support compliance with applicable program standards and documentation is maintained, and that such reviews be performed, where feasible, by an individual independent of the preparer to promote consistency and oversight. View of Responsible Official and Planned Corrective Action: Management agrees with the finding. See corrective action plan.