FAC Explorer

Finding 1090801 (2022-001)

Significant Deficiency
Requirement
A
Questioned Costs
$1
Year
2022
Accepted
2024-12-16
Audit: 332651
Organization: The Hearth Foundation INC (TX)
Auditor: Michael Ahart CPA

AI Summary

  • Answer: Management took out $19,903 from the reserves without getting HUD's okay first.
  • Trend: This action shows a pattern of bypassing required approvals, which could lead to compliance issues.
  • List: Follow up by ensuring all future withdrawals have proper HUD approval and review current policies to prevent similar occurrences.

Finding Text

Management withdrew $19,903 from its reserves for replacements account without prior HUD approval

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

  • 514359 2022-001
    Significant Deficiency
  • 514360 2022-002
    Significant Deficiency
  • 1090802 2022-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $1.01M
14.195 Project-Based Rental Assistance (pbra) $78,884