FAC Explorer

Finding 1206609 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-04-14
Audit: 398696
Organization: Bishop's Commons, Inc. (NY)
Auditor: BONADIO & CO LLP

AI Summary

  • Core Issue: The Annual Financial Statement was submitted late to HUD due to audit delays.
  • Impacted Requirements: Timely submission of the AUD-OMB report is mandatory.
  • Recommended Follow-Up: Implement measures to ensure future submissions meet deadlines.

Finding Text

Finding 2025-002 - Section 232 - Mortgage Insurance - Nursing Homes, Intermediate Care Facilities, and Board and Care Homes and Assisted Living Facilities, Assistance Listing #14.129 Criteria: The Annual Financial Statement, AUD-OMB submission is due annually. Condition: The Annual Financial Statement, Electronic Submission to U.S. Department of Housing and Urban Development, Public Indian Housing – Real Estate Assessment Center (PIH-REAC), AUD-OMB submission was not filed timely. Cause: The timing of completion of the audit engagement did not allow for the AUD-OMB submission to be filed by the required due date. Effect: The report was submitted after the due date. Recommendation: Ensure the submission is filed timely.

Corrective Action Plan

The submission was completed on March 7, 2025.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 1206608 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.129 MORTGAGE INSURANCE NURSING HOMES, INTERMEDIATE CARE FACILITIES, BOARD AND CARE HOMES AND ASSISTED LIVING FACILITIES $4.86M
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $90,569