FAC Explorer

Audit 41488

FY End
2022-12-31
Total Expended
$3.95M
Findings
2
Programs
2
Organization: Lauderdale Se Svcs, Inc. - Aldersgate Retirement Center - Phase I (MS)
Year: 2022 Accepted: 2023-04-19
Auditor: Horne

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
51414 2022-001 Significant Deficiency - N
627856 2022-001 Significant Deficiency - N

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.37M Yes 1
14.856 Lower Income Housing Assistance Program_section 8 Moderate Rehabilitation $586,044 - 0

Contacts

Name Title Type
REX2A4PQNL37 Jim Zuelzke Auditee
6628449053 Kade Moodykade Moody Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Note 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federalloan activity and award activity of Lauderdale Senior Services, Inc., Aldersgate Retirement Center -Phase I, FHA Project No. 065-11146 under programs of the federal government for the year endedDecember 31, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations ("CFR") Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance").Because the Schedule presents only a selected portion of the operations of the Company, it is notintended to and does not present the financial position, changes in net assets (deficit), or cash flowsof the Company. It is not intended to and does not present the financial position, changes in net assets,or cash flows of the Company. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - Balances outstanding at the end of the audit period were 3310096.

Finding Details

Finding 2022-001
Section III ? Findings and Questioned Costs for Federal Awards Finding No. 2022-001, CFDA 14.155 Equal Housing Opportunity Logo Criteria: HUD requires that the HUD-approved equal housing opportunity logo, slogan or statement be displayed on all marketing materials released to the public. Condition: The Company produced a commercial advertisement during the year ended December 31, 2022, which did not include the equal housing opportunity logo, slogan or statement as required. Cause: Oversight controls, when marketing materials were originally produced by the Company, were not operating properly to ensure compliance with HUD standards. Effect: Failure to include the equal housing opportunity logo, slogan or statement may be perceived as an indication of discriminatory housing practices. Auditor?s Recommendation: We recommend that all current marketing materials without the equal housing opportunity logo be corrected and any future materials produced include the equal housing opportunity logo. Auditee?s Response: Refer to Management's Corrective Action Plan included within this reporting package.
Finding 2022-001
Section III ? Findings and Questioned Costs for Federal Awards Finding No. 2022-001, CFDA 14.155 Equal Housing Opportunity Logo Criteria: HUD requires that the HUD-approved equal housing opportunity logo, slogan or statement be displayed on all marketing materials released to the public. Condition: The Company produced a commercial advertisement during the year ended December 31, 2022, which did not include the equal housing opportunity logo, slogan or statement as required. Cause: Oversight controls, when marketing materials were originally produced by the Company, were not operating properly to ensure compliance with HUD standards. Effect: Failure to include the equal housing opportunity logo, slogan or statement may be perceived as an indication of discriminatory housing practices. Auditor?s Recommendation: We recommend that all current marketing materials without the equal housing opportunity logo be corrected and any future materials produced include the equal housing opportunity logo. Auditee?s Response: Refer to Management's Corrective Action Plan included within this reporting package.