FAC Explorer

Finding 1216457 (2025-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-06-03
Audit: 402962
Organization: Casita Park Housing Development Fund Corporation (NY)
Auditor: COHNREZNICK LLP

AI Summary

  • Issue: The project paid $4,548 in expenses for an affiliate without getting necessary HUD approval.
  • Trend: The total amount owed to the project is $14,580, which includes $10,032 in unreimbursed expenses from the previous year.
  • Follow-up: Ensure all future expenses on behalf of affiliates receive proper HUD approval to avoid similar issues.

Finding Text

During the year ended September 30, 2025, the project paid expenses in the amount of $4,548 on behalf of an affiliate from project cash without HUD approval. The amount due to the project as of September 30, 2025 is $14,580, inclusive of unreimbursed expenses paid on behalf of an affiliate during the year ended September 30, 2024 of $10,032.

Corrective Action Plan

Funds are being reimbursed, and we are submitting a BBRI increase to plead with HUD to increase the income to this project so that it can afford to repay in a timely manner.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 1216458 2025-003
    Material Weakness Repeat
  • 1216459 2025-004
    Material Weakness Repeat
  • 1216460 2025-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $10.82M