FAC Explorer

Finding 1160909 (2025-003)

Material Weakness Repeat Finding
Requirement
G
Questioned Costs
$1
Year
2025
Accepted
2025-10-17
Audit: 370975
Organization: El Redentor Apartments, Inc. (el Redentor Apts) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Funds intended for one project were improperly used for another project.
  • Trend: This misuse of funds could indicate a lack of oversight or poor financial management practices.
  • List: Review project fund allocations, implement stricter controls, and provide training on proper fund usage.

Finding Text

PROJECT FUNDS WERE USED TO PAY EXPENSES OF ANOTHER PROJECT.

Corrective Action Plan

MANAGEMENT AGREEMS WITH THE FINDING. THE FUNDS WILL BE REIMBURSED.

Categories

Questioned Costs

Other Findings in this Audit

  • 1160907 2025-001
    Material Weakness Repeat
  • 1160908 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $2.68M