FAC Explorer

Audit 414758

FY End
2025-12-31
Total Expended
$2.62M
Findings
1
Programs
2
Organization: N L Resort, INC (VI)
Year: 2025 Accepted: 2026-10-08
Auditor: BERT SMITH & CO

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1240172 2025-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $2.46M Yes 1
14.U01 PROJECT RENTAL ASSISTANCE CONTRACT $159,159 Yes 0

Contacts

Name Title Type
SWL2NCQNDVF3 Mona Barnes Auditee
3406929411 Keisha Bridgewater Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of N L Resort Inc., New Life Senior Resort, Project Number 056-EE-047 (New Life Senior Resort Project), 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 Schedule presents only a selected portion of New Life Senior Resort's operations, it is not intended to and does not present the financial position, changes in net assets, or cash flows of New Life Senior Resort.
The New Life Senior Resort Project received a U.S. Department of Housing and Urban Development 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. It received no additional advances during the year. The balance of the capital advance outstanding as of December 31, 2025, was $2,457,289.

Finding Details

Finding 2025-001
2025-001: Untimely Submission of Request for Renewal of PRAC and Rent Adjustment Federal Agency: Department of Housing and Urban Development Program Name: Supportive Housing for the Elderly (Section 202) CFDA No.: 14.157 Compliance Requirements: Special Tests and Provisions Criteria: Pursuant to Housing Notice 2022-05, a request for the renewal of a PRAC and rent adjustment request should be submitted to HUD no later than 120 days prior to the expiration of the contract. Condition: Budget and accompanying documents were not submitted to HUD no later than 120 days prior to the expiration of the PRAC. Cause: Documentation required to be submitted to HUD were incomplete. Effect: Noncompliance with HUD guidelines. Questioned Costs: Undetermined Recommendation: Management should adhere to HUD’s guidelines and submit the request PRAC renewal and rent adjustment request later than 120 days prior to the expiration of the PRAC. Views of Responsible Officials Management is aware of the late submission and is working on compiling the documentation needed to submit the request for renewal of the PRAC and rent adjustment. The Organization was granted an