FAC Explorer

Finding 1213964 (2025-001)

Material Weakness Repeat Finding
Requirement
I
Questioned Costs
-
Year
2025
Accepted
2026-05-07
Audit: 400819
Organization: United Winthrop Tower Cooperative (IL)
Auditor: WIELAND WALLACE INC

AI Summary

  • Issue: Inspections required by HUD were missed due to a management change.
  • Impact: This oversight led to noncompliance with regulatory agreements.
  • Follow-up: Review and update policies to ensure ongoing compliance with HUD requirements.

Finding Text

Finding Reference Number: 2025-001 Status: Resolved Statement of Condition: Inspections as required by HUD were not being performed during a change in management personnel. Criteria: Regular inspections are required by HUD. Effect: Noncompliance with regulatory agreement. Cause: Inadvertent clerical oversight. Recommendation: The Project should review all policies to assure they are in compliance with all regulatory agreements. Auditor Non-Compliance Code: I – Failure to maintain property/open physical inspection(s) Auditor’s Summary of Auditee’s Comments on the Findings and Recommendations: Clerical oversight. Response Indicator: Agrees Completion Date: March 5, 2026 Response: Management has started to perform inspections again, as required by HUD.

Corrective Action Plan

CORRECTIVE ACTION PLAN FOR AUDIT FINDING 2025-001 The Organization agrees with the finding. The Organization has agreed to start performing physical inspections again, as required by HUD. Contact: Kalisha France, Regional Property Manager Completion Date: March 5, 2026

Categories

HUD Housing Programs Internal Control / Segregation of Duties

Programs in Audit

ALN Program Name Expenditures
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $4.60M