FAC Explorer

Audit 410627

FY End
2025-12-31
Total Expended
$3.21M
Findings
2
Programs
2
Organization: Ncsc/usa Housing Development Corporation Three, INC (FL)
Year: 2025 Accepted: 2026-09-09
Auditor: BELLOWS ASSOCIATES P A

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1229124 2025-001 Material Weakness Yes B
1229125 2025-002 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY - CAPITAL ADVANCE $2.84M Yes 1
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY - PRAC $373,488 Yes 1

Contacts

Name Title Type
VNJCUKZL1WH9 Irene Phillips Auditee
9548359200 Jennifer R. Koffman Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards includes the federal award activity of NCSC/USA Housing Development Corporation Three, Inc., operating as Lynn Williams Apartments, HUD Project No. 033-EE032, 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 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 NCSC/USA Housing Development Corporation Three, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of NCSC/USA Housing Development Corporation Three, Inc.
NCSC/USA Housing Development Corporation Three, Inc. has received a HUD capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. NCSC/USA Housing Development Corporation Three, Inc. received no additional loans during the year. The balance of the capital advance outstanding as of December 31, 2025 was $2,840,400.

Finding Details

Finding 2025-001
FINDING No. 2025-001: Section 202 Supportive Housing for the Elderly, ALN 14.157 Finding Resolution Status: Unresolved. Information on Universe Population Size: Management fees. Sample Size Information: All management fee expenses. Identification of Repeat Finding and Finding Reference Number: No. Criteria: As required by HUD, the Project shall only use funds as specified in the Regulatory Agreement and owes the management company fees at the rate specified in the Project Owner’s/Management Agent’s Certification (Form HUD-9839-B). Statement of Condition: As a result of the expiration of Form HUD-9839-B on July 25, 2025, the Project has been overcharged $12,375 in management fees. Cause: The Project’s Form HUD-9839-B expired and the renewal has not been approved by HUD. Effect or Potential Effect: The Project overstated the management fee amount payable to the management agent. Auditor Non-Compliance Code: J – Unauthorized Management Fees. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendation will be adopted. Recommendation: The Project should implement procedures to monitor the expiration of HUD required documents to ensure timely preparation and approval. Response Indicator: Agree. Completion date: 12/31/2026. Response: Management is in the process of renewing all management certifications and will provide accountant extra training to monitor.
Finding 2025-002
FINDING No. 2025-002: Section 202 Supportive Housing for the Elderly, ALN 14.157 Finding Resolution Status: Unresolved. Information on Universe Population Size: Utility costs. Sample Size Information: Annual utility allowance analysis. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD regulations require the owner to submit an analysis of any utility allowances with supporting documentation, make an annual review of tenant utility allowances to determine their reasonableness, and adjust the allowances, when appropriate. Statement of Condition: The Project did not prepare the utility allowance analysis to support the current utility allowance amount. Cause: The Project did not prepare the utility allowance for the current year. Effect or Potential Effect: Unable to verify the accuracy and reasonableness of the utility allowance amount. Auditor Non-Compliance Code: R – Section 8 Program Administration. Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor’s recommendation will be adopted. Recommendation: The Project should implement procedures for compliance with all HUD regulations and ensure that the supporting documents are prepared in a timely manner. Response Indicator: Agree. Completion date: 12/31/2026 Response: Staff training has been provided regarding UA support and included in monthly reporting procedures.