Finding 1089651 (2024-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2024-12-05

Audit: 331157

Organization: Nmf Housing Vii, INC (1507 West 39 1/2 St) (VA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Funds intended for one project were misused for another project.
Trend: This indicates a potential pattern of misallocation of project funds.
List: Review all project fund allocations, ensure proper tracking, and implement stricter oversight measures.

PROJECT FUNDS WERE USED TO PAY EXPENSES OF ANOTHER PROJECT.

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$1.78M