Finding 403266 (2023-001)

Material Weakness
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-06-27
Audit: 310441
Organization: 419 Walnut, Inc. 023-Ee235 (MA)
Auditor: Cohnreznick LLP

AI Summary

  • Issue: All tenant files (4 out of 4) were missing the required EIV income report during annual recertification.
  • Trend: This indicates a consistent failure to include necessary documentation for compliance.
  • Follow-up: Ensure that EIV income reports are obtained and reviewed for all tenant files during future recertifications.

Finding Text

In connection with lease file testing, we noted 4 out of 4 tenant files did not have an EIV income report at the time of the annual recertification.

Corrective Action Plan

Management should review the internal controls in place to ensure that the initial certification process is performed in accordance with HUD guidelines.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 403267 2023-002
    Material Weakness
  • 403268 2023-001
    Material Weakness
  • 403269 2023-002
    Material Weakness
  • 979708 2023-001
    Material Weakness
  • 979709 2023-002
    Material Weakness
  • 979710 2023-001
    Material Weakness
  • 979711 2023-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $5.69M
14.239 Home Investment Partnerships Program $984,210