FAC Explorer

Finding 1153694 (2022-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2025-09-21
Audit: 366836
Organization: Vermont Seniors (CA)
Auditor: Cohnreznick LLP

AI Summary

  • Answer: The Corporation failed to submit a complete annual financial report to HUD on time.
  • Trend: This delay in reporting could indicate ongoing compliance issues with HUD requirements.
  • List: Follow up by ensuring timely submission of future reports and reviewing internal processes for compliance.

Finding Text

Condition/Context The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ending December 31, 2022 or within nine months of fiscal year end if an owner certified submission was furnished to HUD.

Corrective Action Plan

The Corporation should file the December 31, 2022 financial statements as soon as possible and should ensure the annual financial report is filed within 90 days in future periods or within nine months of fiscal year end if an owner certified submission was furnished to HUD.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 1153690 2022-001
    Material Weakness Repeat
  • 1153691 2022-002
    Material Weakness Repeat
  • 1153692 2022-003
    Material Weakness Repeat
  • 1153693 2022-004
    Material Weakness Repeat
  • 1153695 2022-002
    Material Weakness Repeat
  • 1153696 2022-003
    Material Weakness Repeat
  • 1153697 2022-004
    Material Weakness Repeat
  • 1153698 2022-002
    Material Weakness Repeat
  • 1153699 2022-003
    Material Weakness Repeat
  • 1153700 2022-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $10.96M
14.157 Supportive Housing for the Elderly $591,830