FAC Explorer

Finding 403265 (2023-003)

Material Weakness
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-06-27
Audit: 310440
Organization: 25 School Street, INC (MA)
Auditor: Cohnreznick LLP

AI Summary

  • Issue: Tenant's income was not reviewed within the required 90 days after move-in certification.
  • Requirement: EIV income reports must be reviewed promptly to ensure compliance.
  • Follow-up: Implement a process to ensure timely income reviews for all new tenants.

Finding Text

In connection with lease file testing, we noted that of the 1 move-in tenant that we tested, the tenant's income was not reviewed by the project, using an EIV income report, within 90 days after transmission of the move-in certification to the Tenant Rental Assistance Certification System during the initial certification process.

Corrective Action Plan

The necessary internal controls have been implemented and will be followed in the future to ensure that ensure an EIV income report is utilized to review tenant income within 90 days after transmission of the move-in certification to the Tenant Rental Assistance Certification System during the initial tenant certification process.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 403263 2023-001
    Material Weakness
  • 403264 2023-002
    Material Weakness
  • 979705 2023-001
    Material Weakness
  • 979706 2023-002
    Material Weakness
  • 979707 2023-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $378,226