Finding 1147424 (2024-001)

Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Supportive Housing for Persons with Disabilities Assistance Listing Number: 14.181 Award Period: July 1, 2023 to June 30, 2024 Type of Finding: • Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Per HUD requirements, a mandated amount is required to be deposited into the Reserve for Replacement account each month. The entity did make all twelve required deposits. Condition: During our testing, we noted that Wieder-Silver Manor, Inc. failed to make all required monthly deposits into the Replacement for Reserve account resulting in underfunding of $1,002. Questioned costs: None Context: During our testing we noted that nine of the twelve required monthly deposits were deposited. Cause: The deposits were not made due to an oversight. Effect: Replacement Reserve is underfunded and not in compliance with HUD.