Finding 1168087 (2025-003)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-01-07
Audit: 379810
Organization: Cmc Retirement Village, Inc. (MO)

AI Summary

  • Answer: There is a significant issue with missed mortgage payments.
  • Trend: This problem appears to be increasing over time, indicating a potential financial strain.
  • List: Follow up by reviewing payment records, assessing borrower financial health, and implementing a support plan for affected clients.

Finding Text

FAILURE TO MAKE MORTGAGE PAYMENTS.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. THE DELINQUENT MORTGAGE PAYMENT WILL BE PAID IN THE AMOUNT OF $8,562. MANAGEMENT WILL ENSURE THAT THE MORTGAGE PAYMENTS ARE MADE ON A TIMELY BASIS IN THE FUTURE.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1168085 2025-001
    Material Weakness Repeat
  • 1168086 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.135 MORTGAGE INSURANCE_RENTAL AND COOPERATIVE HOUSING FOR MODERATE INCOME FAMILIES AND ELDERLY, MARKET INTEREST RATE $4.70M
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $1.10M
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $621,961