FAC Explorer

Finding 1160906 (2025-002)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
$1
Year
2025
Accepted
2025-10-17
Audit: 370974
Organization: El Redentor Apartments Ii, Inc. (el Redentor Apts, Ii) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Disbursements from restricted accounts were made without HUD approval.
  • Trend: This indicates a potential pattern of non-compliance with funding regulations.
  • List: Follow up by ensuring all future disbursements receive proper HUD approval to avoid penalties.

Finding Text

HUD APPROVAL WAS NOT GRANTED FOR DISBURSEMENTS FROM THE RESTRICTED ACCOUNTS.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. MANAGEMENT HAS SUBMITTED THE FORMS FOR HUD'S APPROVAL

Categories

Questioned Costs HUD Housing Programs

Other Findings in this Audit

  • 1160905 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $2.02M