FAC Explorer

Finding 1227934 (2025-004)

Material Weakness Repeat Finding
Requirement
E
Questioned Costs
-
Year
2025
Accepted
2026-08-26
Audit: 409848
Organization: Trinity Community Housing CORP (IL)
Auditor: ALEXANDER MANNIE COMPANY PC

AI Summary

  • Answer: A tenant did not receive their security deposit within the required 30 days after moving out.
  • Trend: This issue indicates a potential pattern of delays in processing security deposits.
  • List: Review the move-out procedures, ensure compliance with deposit timelines, and implement a tracking system for timely refunds.

Finding Text

Condition: During the testing of move-out, the following tenant did not receive a security deposit within 30 days after the move-out date:

Corrective Action Plan

The Project will follow HUD’s refunding of security deposits within 30 days of move-out.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1227929 2025-002
    Material Weakness Repeat
  • 1227930 2025-002
    Material Weakness Repeat
  • 1227931 2025-003
    Material Weakness Repeat
  • 1227932 2025-003
    Material Weakness Repeat
  • 1227933 2025-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $3.42M
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $1.16M