FAC Explorer

Finding 1167743 (2025-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-01-05
Audit: 379003
Organization: Whispering Hope, Inc. (LA)
Auditor: MADDOX & ASSOCIATES APC

AI Summary

  • Answer: Financial statements were submitted late to HUD, missing the 90-day deadline.
  • Trend: This delay could indicate potential issues with compliance and timely reporting practices.
  • List: Follow up by reviewing submission processes and implementing reminders for future deadlines.

Finding Text

FINANCIAL STATEMENTS WERE NOT FILED WITH HUD BY THE 90 DAY DEADLINE.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. THE FINANCIAL STATEMENTS WERE SUBMITTED TO HUD ON JANUARY 7, 2025.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 1167742 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $4.46M
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $52,940