Audit 44438

FY End

2022-06-30

Total Expended

$6.75M

Findings

4

Programs

2

Organization: The Harry and Jeanette Weinberg Village I, Inc. (MD)

Year: 2022 Accepted: 2023-01-08

Auditor: Cohnreznick LLP

Organization Exclusion Status:

Checking exclusion status...

ID	Ref	Severity	Repeat	Requirement
43666	2022-001	Material Weakness	-	P
43667	2022-001	Material Weakness	-	P
620108	2022-001	Material Weakness	-	P
620109	2022-001	Material Weakness	-	P

ALN	Program	Spent	Major	Findings
14.157	Supportive Housing for the Elderly	$497,042	Yes	1
14.191	Multifamily Housing Service Coordinators	$50,372	-	0

Contacts

Name	Title	Type
GQJSCLVYKLV9	Tiffany Nicolette	Auditee
4105915585	Shari Grabush	Auditor
No contacts on file

Notes to SEFA

Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001

Finding No. 2022-001; Section 202 Supportive Housing for the Elderly, Assistance Listing 14.157 Criteria Residual receipts reserve deposits should be made within 90 days of year end. Condition During the year ended June 30, 2022, management did not make the required residual receipts reserve deposit in the amount of $38,268 within 90 days of year end, as required by HUD. The residual receipts amount was deposited on May 9, 2022. Cause Controls are not in place to ensure that required residual receipts reserve deposits are made timely. Effect or Potential Effect The Company is not in compliance with the requirements of the regulatory agreement. Questioned Costs $38,268. Identification as a Repeat Finding This is not a repeat finding. Recommendation Management should establish internal controls and procedures to ensure that required residual receipts reserve deposits are made timely. Auditor Noncompliance Code: B - Failure to make required residual receipts deposits. Finding Resolution Status: Resolved. Views of Responsible Officials The residual receipts deposit was not made timely due to a turnover in staff. Management has trained all accounting staff on this process and the controller has implemented tracking procedures to ensure timely deposits.

Finding 2022-001

Finding No. 2022-001; Section 202 Supportive Housing for the Elderly, Assistance Listing 14.157 Criteria Residual receipts reserve deposits should be made within 90 days of year end. Condition During the year ended June 30, 2022, management did not make the required residual receipts reserve deposit in the amount of $38,268 within 90 days of year end, as required by HUD. The residual receipts amount was deposited on May 9, 2022. Cause Controls are not in place to ensure that required residual receipts reserve deposits are made timely. Effect or Potential Effect The Company is not in compliance with the requirements of the regulatory agreement. Questioned Costs $38,268. Identification as a Repeat Finding This is not a repeat finding. Recommendation Management should establish internal controls and procedures to ensure that required residual receipts reserve deposits are made timely. Auditor Noncompliance Code: B - Failure to make required residual receipts deposits. Finding Resolution Status: Resolved. Views of Responsible Officials The residual receipts deposit was not made timely due to a turnover in staff. Management has trained all accounting staff on this process and the controller has implemented tracking procedures to ensure timely deposits.

Finding 2022-001

Finding No. 2022-001; Section 202 Supportive Housing for the Elderly, Assistance Listing 14.157 Criteria Residual receipts reserve deposits should be made within 90 days of year end. Condition During the year ended June 30, 2022, management did not make the required residual receipts reserve deposit in the amount of $38,268 within 90 days of year end, as required by HUD. The residual receipts amount was deposited on May 9, 2022. Cause Controls are not in place to ensure that required residual receipts reserve deposits are made timely. Effect or Potential Effect The Company is not in compliance with the requirements of the regulatory agreement. Questioned Costs $38,268. Identification as a Repeat Finding This is not a repeat finding. Recommendation Management should establish internal controls and procedures to ensure that required residual receipts reserve deposits are made timely. Auditor Noncompliance Code: B - Failure to make required residual receipts deposits. Finding Resolution Status: Resolved. Views of Responsible Officials The residual receipts deposit was not made timely due to a turnover in staff. Management has trained all accounting staff on this process and the controller has implemented tracking procedures to ensure timely deposits.

Finding 2022-001

Finding No. 2022-001; Section 202 Supportive Housing for the Elderly, Assistance Listing 14.157 Criteria Residual receipts reserve deposits should be made within 90 days of year end. Condition During the year ended June 30, 2022, management did not make the required residual receipts reserve deposit in the amount of $38,268 within 90 days of year end, as required by HUD. The residual receipts amount was deposited on May 9, 2022. Cause Controls are not in place to ensure that required residual receipts reserve deposits are made timely. Effect or Potential Effect The Company is not in compliance with the requirements of the regulatory agreement. Questioned Costs $38,268. Identification as a Repeat Finding This is not a repeat finding. Recommendation Management should establish internal controls and procedures to ensure that required residual receipts reserve deposits are made timely. Auditor Noncompliance Code: B - Failure to make required residual receipts deposits. Finding Resolution Status: Resolved. Views of Responsible Officials The residual receipts deposit was not made timely due to a turnover in staff. Management has trained all accounting staff on this process and the controller has implemented tracking procedures to ensure timely deposits.