Finding Text
Finding 2025-005: Material weakness and compliance Information on universe/sample size: It was noted during testing that the management agent was not able to perform management duties in a timely manner. Identification of repeat finding: Yes, 2024-004 and 2024-007 Condition: All management agent duties should be performed timely. Criteria: Tenant units should be filled in a timely manner and existing tenants must be recertified annually. Effect: There were unresolved corrections, open items, and tenants’ subsidies that had expired and, tenants that had not been recertified, as well as vacant units for extended periods of time. Context: All tenants should be recertified annually, verifying all income and expenses, and calculating the correct portions of HUD and tenant rent. Additionally, all vacant units should be filled in a timely manner. Cause: Turnover at the management agent. Recommendation: The management agent should hire a consultant to assist with performing the necessary management agent duties when they are not adequately staffed.