FAC Explorer

Audit 407514

FY End
2025-12-31
Total Expended
$9.73M
Findings
1
Programs
1
Organization: Haverstock Hills Apartments Tx24m000183 (TX)
Year: 2025 Accepted: 2026-07-20
Auditor: EISNERAMPER LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1224128 2025-001 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $9.73M Yes 1

Contacts

Name Title Type
SPFNM2HRJS75 Flynann Skeen Auditee
4804673171 Scott Reeves Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal grant activity of Equality Community Housing Corporation and Subsidiary, HUD Project Nos. TX24M000183 and TX240009012, 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). Because the schedule presents only a selected portion of the operations of Equality Community Housing Corporation and Subsidiary, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Equality Community Housing Corporation and Subsidiary.
Expenditures reported on the schedule 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 as to reimbursement. Equality Community Housing Corporation and Subsidiary has elected not to use the 15 percent de minimis indirect cost rate.

Finding Details

Finding 2025-001
Finding No. 2025-001 for U.S. Department of Housing and Urban Development: Assistance Listing 14.195 Project Based Rental Assistance (PBRA) Compliance Requirement Eligibility Criteria Management is responsible for determining tenant eligibility and maintaining lease files in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Statement of Condition During the procedures applied to a statistically valid sample of 25 tenant lease files, we noted 1 instance of noncompliance with HUD regulations regarding the maintenance of lease files. Of the 25 tenant files examined, 1 tenant file was unable to be obtained. All other 24 tenant files were properly documented and maintained. The finding represents an isolated problem within the organization’s maintenance of lease files. Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Cause The project failed to follow the policies and procedures which have been established for proper tenant file maintenance in accordance with HUD guidelines. This is not a repeat finding from the previous year. Questioned Cost None Recommendation Management should establish procedures and monitor compliance with those procedures to ensure that the determination of tenant eligibility and the maintenance of lease files are in accordance with guidelines specified by HUD. Auditor Noncompliance Code R – Section 8 program administration View of Responsible Officials Management agrees with the finding. Management will establish procedures and monitor compliance with those procedures to ensure that the determination of tenant eligibility and the maintenance of lease files are in accordance with guidelines specified by HUD.