FAC Explorer

Audit 415514

FY End
2026-05-31
Total Expended
$5.13M
Findings
1
Programs
2
Organization: New Pisgah Haven Homes INC (IL)
Year: 2026 Accepted: 2026-10-30
Auditor: WIPFLI LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1241402 2026-001 Material Weakness Yes N

Programs

ALN Program Spent Major Findings
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $4.17M Yes 0
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $953,618 Yes 1

Contacts

Name Title Type
Q8LQM4LPTVJ3 Takisha Artis Auditee
7732248650 Alex Pekler Auditor
No contacts on file

Notes to SEFA

The Project does not have sub-recipients of federal awards.
The Project did not receive any non-cash assistance.
New Pisgah Haven Homes HUD Project No. 071-EE056 did not receive any insurance assistance.
New Pisgah Haven Homes HUD Project No. 071-EE056 did not receive any additional loans or loan guarantees during the year ended May 31, 2026. Capital advance at the end of 2026 were $4,171,500.
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. Pass through entity identifying numbers are presented where available. The Project has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.

Finding Details

Finding 2026-001
Questioned cost: None Title: Section 8 - Housing Assistance CFDA Number: 14.195 Award Year: 6/1/2025-5/31/2026 Condition: As of May 31, 2026, the balance maintained in the tenant security deposit account was $11,327, while the related tenant security deposit liability was $18,468, resulting in a deficiency of $7,141. Management transferred funds from the tenant security deposit account to cover operating expenditures, including utility payments, and initiated a transfer to replenish the account before year-end.Tenant security deposit funds were not fully available to satisfy tenant obligations as of May 31, 2026. In addition, the deficiency had not been corrected as of the date the financial statements were available to be issued. Criteria: HUD requires tenant security deposit funds to be maintained in a separate account and the balance of the account to equal or exceed the related tenant security deposit liability at all times. Cause: The Project did not maintain adequate controls and oversight over restricted cash accounts to ensure tenant security deposit funds were used solely for their intended purpose and that account balances remained sufficient to cover related liabilities. Effect: Tenant security deposit funds were not fully available to satisfy tenant obligations at May 31, 2026. Recommendation: Management should ensure that tenant security deposit funds remain segregated and that the balance of the security deposit account equals or exceeds the related liability at all times. View of Responsible Officials: Management concurs with the finding. The tenant security deposit account deficiency was corrected on August 5, 2026, and the account was restored to the required balance. Management will ensure that tenant security deposit funds remain segregated and that the account balance is maintained at or above the related tenant security deposit liability going forward.