FAC Explorer

Audit 410163

FY End
2021-09-30
Total Expended
$1.19M
Findings
2
Programs
2
Organization: THE LIGHTHOUSE, INC. (HI)
Year: 2021 Accepted: 2026-08-31
Auditor: KKDLY LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1228541 2021-001 Material Weakness Yes L
1228542 2021-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $1.15M Yes 2
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $40,800 Yes 0

Contacts

Name Title Type
RNCYMHGUTLV6 Huilan Kamita Auditee
8083722251 Gordon Ciano Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lighthouse, Inc., Hale Alohi Project, HUD Project No. 140-HD032-NP-CMI (the Organization) under programs of the federal government for the year ended September 30, 2021. The information in the 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets (deficit), or cash flows of the Organization.
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.
The Organization has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The federal expenditures for the loan shown on the Schedule represent the outstanding balance of the loan for which compliance requirements continue.

Finding Details

Finding 2021-001
Criteria In accordance with 2 U.S. Code of Federal Regulations (CFR) 200.512, the Organization must submit its single audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) within the earlier of 30 days after receipt of the auditors’ report, or nine months after the end of the audit period. Condition The Organization did not submit its single audit reporting packages and Data Collection Forms (Form SFSAC) for the years ended September 30, 2021 and 2020 to the Federal Audit Clearinghouse by the required due dates. Cause The Organization did not have adequate procedures to ensure the timely filing of the Single Audit Reporting Package and Data Collection Form to FAC. Effect Late filing has resulted in noncompliance with timely submission of financial information to grantor agencies. Recommendation We recommend that the Organization improve its financial reporting process to ensure compliance with the reporting requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which requires that the single audit reporting package and data collection form be submitted to the Federal Audit Clearinghouse within the earlier of 30 days after the receipt of the auditors’ report, or nine months after the end of the audit report, unless a longer period of time is agreed to in advance by the cognizant or oversight agency for the audit. Views of Responsible Officials and Planned Corrective Action We were not able to submit the financials on time because we lost our previous auditors in 2021. It took some time to find a new company that handles HUD audit. Going forward, we will strive to get back to our normal schedule at the soonest time and get back in compliance.
Finding 2021-002
Criteria In accordance with the Uniform Financial Reporting Standards for HUD Housing Program, the Organization must file the financial data templates prepared with audited financial statement data to Real Estate Assessment Center no later than nine months after the Organization’s fiscal year end. Condition The Organization did not submit its Financial Data Schedule and audited financial statements for the year ended September 30, 2021 to Office of Public and Indian Housing – Real Estate Assessment Center (PIH-REAC) by the required due date. Cause The Organization did not have adequate procedures to ensure the timely filing of the financial data to PIH-REAC. Effect Late filing has resulted in noncompliance with timely submission of financial information to PIHREAC. Recommendation The Organization should improve its financial reporting process so that it can submit its single audit reporting package to the PIH-REAC no later than nine months after the Organization’s fiscal year end. Views of Responsible Officials and Planned Corrective Action We were not able to submit the financials on time because we lost our previous auditors in 2021. It took some time to find a new company that handles HUD audit. Going forward, we will strive to get back to our normal schedule at the soonest time and get back in compliance.