Finding 1228937 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-09-04

Audit: 410464

Organization: Hearth Homes of Waterbury, INC (CT)

Auditor: MADDOX & ASSOCIATES APC

AI Summary

Answer: Financial statements were submitted late, missing the 90-day deadline set by HUD.
Trend: This delay could indicate ongoing issues with timely reporting practices.
List: Follow up by reviewing the filing process and implementing measures to ensure deadlines are met in the future.

FINANCIAL STATEMENTS WERE NOT FILED WITH HUD BY THE 90 DAY DEADLINE.

MANAGEMENT AGREES WITH THE FINDING. THE FINANCIAL STATEMENTS WILL BE SUBMITTED TO HUD.

ALN	Program Name	Expenditures
14.157	SUPPORTIVE HOUSING FOR THE ELDERLY	$7.43M
14.239	HOME INVESTMENT PARTNERSHIPS PROGRAM	$4.90M