FAC Explorer

Audit 56063

FY End
2022-06-30
Total Expended
$4.60M
Findings
2
Programs
3
Organization: Dock Manor INC (PA)
Year: 2022 Accepted: 2022-10-26
Auditor: Baker Tilly

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
60174 2022-001 Significant Deficiency - E
636616 2022-001 Significant Deficiency - E

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.80M Yes 1
14.195 Section 8 Housing Assistance Payments Program $739,513 - 0
14.191 Multifamily Housing Service Coordinators $57,106 - 0

Contacts

Name Title Type
XMTTMTANJJJ1 Steve Myers Auditee
2153622682 Patrick Heavens Auditor
No contacts on file

Notes to SEFA

Title: Loan/loan guarantee outstanding balances Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Dock Manor, Inc. (the Corporation) and is prepared using the accrual basis of accounting. Relationship to Basic Financial Statements: The information in the 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under the Uniformed Guidance. MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155) - The Corporation has an outstanding loan balance of $3,727,813 at June 30, 2022 with continuing compliance requirements.

Finding Details

Finding 2022-001
Finding 2022-001 - Tenant Eligibility, Timeliness of Recertifications CFDA Number: 14.155 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2021 - June 30, 2022 Pass-Through Entity: Not applicable Criteria: The Corporation must complete timely tenant recertifications by the tenant anniversary date. Questioned Cost: N/A Condition/Context: Three tenant files selected their annual certification completed after the anniversary date. Our population included all tenants. Our sample included twenty tenant files. This was not a statistically valid sample. Cause: Due to staffing challenges (employee leave of absence) Effect: Three of twenty tenant files reviewed had a recertification completed after the anniversary date. Recommendation: The Corporation should have procedures in place to ensure tenant recertifications are completed timely. Views of Responsible Officials and Planned Corrective Actions: Management has reviewed the process for recertifications and have contracted with a HUD qualified technical resource person to review, correct if necessary, and advise to ensure timely recertifications.
Finding 2022-001
Finding 2022-001 - Tenant Eligibility, Timeliness of Recertifications CFDA Number: 14.155 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2021 - June 30, 2022 Pass-Through Entity: Not applicable Criteria: The Corporation must complete timely tenant recertifications by the tenant anniversary date. Questioned Cost: N/A Condition/Context: Three tenant files selected their annual certification completed after the anniversary date. Our population included all tenants. Our sample included twenty tenant files. This was not a statistically valid sample. Cause: Due to staffing challenges (employee leave of absence) Effect: Three of twenty tenant files reviewed had a recertification completed after the anniversary date. Recommendation: The Corporation should have procedures in place to ensure tenant recertifications are completed timely. Views of Responsible Officials and Planned Corrective Actions: Management has reviewed the process for recertifications and have contracted with a HUD qualified technical resource person to review, correct if necessary, and advise to ensure timely recertifications.