FAC Explorer

Finding 1106121 (2023-007)

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Requirement
B
Questioned Costs
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Year
2023
Accepted
2025-03-24
Audit: 347577
Organization: Trinity Community Housing CORP (IL)
Auditor: Alexander Mannie & Company PC

AI Summary

  • Issue: The Management Agent incorrectly charged 5.57% fees on miscellaneous income, despite HUD approval stating 0% for such income.
  • Trend: This mischarging occurred in multiple months: April 2023, May 2023, and December 2023.
  • Follow-up: Review and adjust the fees charged to ensure compliance with HUD guidelines and recover the $35.47 overcharge.

Finding Text

The Management Agent’s Certification approved by HUD on 2/22/2022 per page 1 of 4 1(2) Fees: stated the following: a) 5.57% of residential income collected;b)0% of commercial income collected; c) 0% of miscellaneous income collected However, the Management Agent charged the Project 5.57% of miscellaneous income collected fees for April 2023, May 2023, and December 2023, totaling $35.47.

Categories

HUD Housing Programs

Other Findings in this Audit

Programs in Audit

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