Finding Text
S3800-010 Finding Reference Number – 2025-005 S3800-011 Title and CFDA Number of Federal Program – Section 202 Supportive Housing for the Elderly, Capital Advance and Project Rental Assistance Contract, ALN 14.157 S3800-015 Type of Finding – Federal Award Finding; Other Matters S3800-016 Finding Resolution Status – In Process S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Per the regulatory agreement Section 11(f) for a Project under the ALN 14.157, the Project is required to submit the audited financial statements to HUD within 90 days of a Project’s fiscal year end. S3800-030 Statement of Condition – Sessions Village 202 did not meet the HUD financial statement filing requirements during the year ended September 30, 2025, for the submission of the 2024 audit. As a not-for-profit organization, Uniform Guidance allows the earlier of 9-months after fiscal year end or 30-days after the report is issued to submit. The audit was submitted within the Uniform Guidance requirements. S3800-032 Cause – Sessions Village 202 was not able to meet the HUD financial statement filing deadline during the year ended September 30, 2025, for the submission of the 2024 audit. S3800-033 Effect or Potential Effect – HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for non-compliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code – Z (Other) S3800-037 FHA/Contract Number – 171-EE015 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Sessions Village 202 is in agreement with the findings, and the recommendations have been implemented. S3800-080 Recommendation – We recommend Sessions Village 202 implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – On February 8, 2025, the audit was submitted to HUD through REAC. The Executive Director/Administrator and Accountant at the management agent will review the process and procedures in place for the audit, and implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement going forward. S3800-130 Response Indicator – Agree S3800-140 Completion Date – December 31, 2026 S3800-150 Response – On February 8, 2025, the audit was submitted to HUD through REAC. The Executive Director/Administrator and Accountant at the management agent will review the process and procedures in place for the audit, and implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement going forward. S3800-160 Contact Person First Name – John S3800-180 Contact Person Last Name – Gannon