FAC Explorer

Audit 415133

FY End
2026-06-30
Total Expended
$5.35M
Findings
2
Programs
1
Organization: Allegria Court Inc. (RI)
Year: 2026 Accepted: 2026-10-21
Auditor: DAMIANO BURK & NUTTALL PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1240813 2026-001 Material Weakness Yes C
1240814 2026-002 Material Weakness Yes E

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $264,505 Yes 1

Contacts

Name Title Type
PPJWQFAA2T58 Frank Shea Auditee
4019412900 Victoria Sylvia Auditor
No contacts on file

Notes to SEFA

Supportive Housing for the Elderly(14.157)- Balances outstanding at the end of the audit period were $5,085,300
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Allegria Court, Inc. under programs of the federal government for the year ended June 30, 2026. 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 Allegria Court, Inc., it is not intended to and does not present the financial position, changes in net deficit, or cash flows of Allegria Court, Inc.
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.
Allegria Court, Inc. has elected to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2026-001
Finding 2026-001: Supportive Elderly Housing Section 202 Condition: The Corporation fell short on the replacement reserve and mortgage escrow monthly payments. Criteria: The Corporation is required to have 12 monthly payments funded into the replacement reserve and mortgage escrow account. For the replacement reserve account, six out of 12 payments were missed for a total of $9,313 and seven out of 12 tax/insurance escrow payments were not made that totaled $46,322, for the year ended June 30, 2026. Payments are an ongoing obligation, unless waived by HUD. Cause: Poor cash flow from the Corporation does not always allow all bills to be paid in a timely manner. Effect: The Corporation is not in compliance with the provisions of the Regulatory agreement. Recommendation: Strengthen internal controls over cash disbursements by prioritizing replacement reserve and escrow deposits as fixed monthly obligations, funded at the start of each month before discretionary payables. Views of Responsible Officials and Planned Corrective Actions: Corrective action will be implemented immediately with
Finding 2026-002
Finding 2026-002: Supportive Elderly Housing Section 202 Condition: Six out of the six tenant files tested had the following items missing: tenant file missing (1), birth certificate (1), certification signed by applicant (6), and supporting documentation for income (1). Criteria: Tenant files should be maintained with all required documentation. Cause: The Corporation does not have internal controls in place to ensure that tenant files are properly maintained. Effect: The Corporation is no longer in compliance with its Project Rental Assistance Contract. Recommendation: The Corporation should design and implement internal controls to ensure that all tenant files have proper documentation Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the auditor’s findings. Management will ensure tenant file inspections are completed on an annual basis