Finding 1106117 (2023-003)

Requirement

Questioned Costs

Year

2023

Accepted

2025-03-24

Audit: 347577

Organization: Trinity Community Housing CORP (IL)

Auditor: Alexander Mannie & Company PC

AI Summary

Issue: A tenant did not receive their security deposit within the required 30 days after moving out.
Trend: This could indicate a pattern of delays in processing security deposits.
Follow-up: Review procedures for handling security deposits to ensure compliance with timelines.

During the testing of move-out, the following tenant did not receive a security deposit within 30 days after the move-out date:

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$3.62M
14.195	Project-Based Rental Assistance (pbra)	$1.05M