Finding 1167902 (2025-004)

Material Weakness Repeat Finding
Requirement
J
Questioned Costs
-
Year
2025
Accepted
2026-01-06

AI Summary

  • Answer: One income discrepancy was found in the HUD 50059 form during eligibility testing.
  • Trend: There were three cases of tenants paying incorrect rent amounts.
  • List: Follow up on correcting the income data and ensure accurate rent calculations for all tenants.

Finding Text

While performing Section 223(f) eligibility testing, we noted one instance out of 30 in which the income listed on HUD 50059 form did not match the income support in the tenant files. We noted three instances where the tenant was paying the incorrect rent amount.

Corrective Action Plan

The Property Manager will be responsible for completing all income verifications and calculations to ensure accuracy and compliance with HUD requirements. The income verification documentation and rent calculation worksheets will be reviewed and signed off by the Property Manager Supervisor, which is the Chief Financial Officer (CFO) for Comprehend. This added level of oversight will strengthen interanl controls and help ensure that tenant and HUD rent portions are calculated correctly and supported by appropriate documentation.

Categories

Eligibility HUD Housing Programs

Programs in Audit

ALN Program Name Expenditures
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $888,802
14.856 LOWER INCOME HOUSING ASSISTANCE PROGRAM SECTION 8 MODERATE REHABILITATION $177,326