FAC Explorer

Audit 46297

FY End
2022-06-30
Total Expended
$3.53M
Findings
8
Programs
4
Organization: New Hope Housing, Inc. (VA)
Year: 2022 Accepted: 2023-05-17
Auditor: Rogers and Company PLLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
39744 2022-003 - - L
39745 2022-003 - - L
39746 2022-003 - - L
39747 2022-003 - - L
616186 2022-003 - - L
616187 2022-003 - - L
616188 2022-003 - - L
616189 2022-003 - - L

Programs

ALN Program Spent Major Findings
14.267 Continuum of Care Program $1.37M Yes 1
14.218 Community Development Block Grants/entitlement Grants $1.07M - 0
14.231 Emergency Solutions Grant Program $895,925 Yes 1
14.235 Supportive Housing Program $146,163 - 0

Contacts

Name Title Type
HE8EGH6NXZH8 Brian Ford Auditee
7037992293 Marina Polyakova Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Organization under the programs of the federal government for the year ended June 30, 2022. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. SUPPORTIVE HOUSING PROGRAM (14.235) - Balances outstanding at the end of the audit period were 146163. COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS (14.218) - Balances outstanding at the end of the audit period were 1065072.
Title: Noncash Assistance Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Organization under the programs of the federal government for the year ended June 30, 2022. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The Organization neither received nor disbursed federal awards in the form of federal noncash assistance for the year ended June 30, 2022.
Title: Federal Loans Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Organization under the programs of the federal government for the year ended June 30, 2022. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. In prior years, the Organization received certain loan assistance grants directly from the U.S. Department of Housing and Urban Development, and passed through from the Fairfax County Redevelopment and Housing Authority. As required by the Uniform Guidance, the outstanding balance of these loans at the end of the year is included in the SEFA, as there are continuing compliance requirements. There were no new loan assistance grants received by the Organization in fiscal year 2022. The balance of all loans outstanding at June 30, 2022 was $1,211,235.
Title: Matching Requirements Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Organization under the programs of the federal government for the year ended June 30, 2022. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Certain Federal programs require the Organization to contribute non-Federal funds (matching funds) to support the Federally-funded programs. The Organization has met its matching requirements. The SEFA does not include the expenditure of non-Federal matching funds.
Title: Reconciliation to Financial Statements Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Organization under the programs of the federal government for the year ended June 30, 2022. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Reconciliation between federal expenditures per the SEFA, and federal and state grants revenue per the accompanying statement of activities for the year ended June 30, 2022, is as follows: Federal expenditures of $2,316,588 plus non-federal grants of $150,461, equal federal and state grants per statement of activities of $2,467,049.

Finding Details

Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.
Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.
Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.
Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.
Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.
Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.
Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.
Finding 2022-003
Finding No. 2022-003 - Non-Compliance-Delay in Submission of the OMB Reporting Package. The Organization did not file the OMB reporting package within nine months of the fiscal year end as required per the Uniform Guidance. Turnover in a key accounting position close to year end caused a delay in start of the annual audit. The fiscal year 2022 audit work did not commence until March 2023, and was not completed until May 2023. We recommend the Organization complete all reports required under the Federal award document and submit reports in a timely manner. The Organization should improve financial close-our procedures and obtain the audit under the Uniform Guidance within nine months or the fiscal year end.