Finding 1223930 (2025-002)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-07-16

Audit: 407339

Organization: Vermont Seniors (CA)

Auditor: COHNREZNICK LLP

AI Summary

Answer: Management did not refund a tenant's security deposit on time.
Trend: This issue indicates a potential pattern of delayed refunds that could affect tenant satisfaction.
List: Follow up by reviewing refund processes and ensuring compliance with the thirty-day requirement for all tenants.

Finding Text

Condition/Context In connection with the procedures applied to a sample of 1 tenant that moved out of the project during the year, we noted 1 instance where management failed to refund the tenant security deposit within thirty days after the move-out date.

Corrective Action Plan

Management should strengthen its internal controls related to refunding of tenant security deposits to comply with the thirty-day timeline required by HUD regulations.

Other Findings in this Audit

1223927 2025-001

Material Weakness Repeat
1223928 2025-002

Material Weakness Repeat
1223929 2025-001

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.239	HOME INVESTMENT PARTNERSHIPS PROGRAM	$10.96M
14.157	SUPPORTIVE HOUSING FOR THE ELDERLY	$730,049