FAC Explorer

Audit 414861

FY End
2025-12-31
Total Expended
$2.29M
Findings
1
Programs
2
Organization: Judson Terrace, Inc. (OH)
Year: 2025 Accepted: 2026-10-13
Auditor: EISNERAMPER

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1240337 2025-001 Material Weakness Yes H

Programs

ALN Program Spent Major Findings
14.134 MORTGAGE INSURANCE RENTAL HOUSING $2.05M Yes 1
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $247,128 Yes 0

Contacts

Name Title Type
N9TDZR3QH9L8 Justin Martin Auditee
6145525920 Damien Cassell Auditor
No contacts on file

Notes to SEFA

The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Judson Terrace, Inc 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). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.

Finding Details

Finding 2025-001
S3800-010 Finding Reference Number 2025-1 S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria Compliance with the Regulatory Agreement stipulates that distributions and advances are to be made only to the extent of surplus cash. S3800-030 Statement of Condition The Corporation paid payroll expenses belonging to other projects. S3800-035 Auditor Non-Compliance Code H - Unauthorized distribution of project assets S3800-037 FHA/Contract Number 046-11155 S3800-038 Questioned Costs 33907 S3800-050 Context Through an error in management's payroll allocation, the Project was billed and paid payroll expenses belonging to other projects. S3800-060 Effect Less funds are available to meet project needs. S3800-070 Cause Management oversight. S3800-080 Recommendation Funds should be returned to the Project.