Finding 519299 (2024-001)

Material Weakness

Requirement

Questioned Costs

Year

2024

Accepted

2025-01-15

Audit: 338095

Organization: United Winthrop Tower Cooperative (IL)

Auditor: Wieland Wallace INC

AI Summary

Issue: Inspections required by HUD were missed due to a change in management.
Impact: This led to noncompliance with regulatory agreements.
Follow-up: Review policies to ensure ongoing compliance and prevent future oversights.

Finding Text

Finding Reference Number: 2024-001 Status: Resolved Statement of Condition: Inspections as required by HUD were not being performed during a change in management personnel. Criteria: Regular inspections are required by HUD. Effect: Noncompliance with regulatory agreement. Cause: Inadvertent clerical oversight. Recommendation: The Project should review all policies to assure they are in compliance with all regulatory agreements. Auditor Non-Compliance Code: I – Failure to maintain property/open physical inspection(s) Auditor’s Summary of Auditee’s Comments on the Findings and Recommendations: Clerical oversight. Response Indicator: Agrees Completion Date: November 6, 2024 Response: Management has started to perform inspections again, as required by HUD.

Corrective Action Plan

CORRECTIVE ACTION PLAN FOR AUDIT FINDING 2024-001 The Organization agrees with the finding. The Organization has agreed to start performing physical inspections again, as required by HUD. Contact: Kalisha France, Regional Property Manager Completion Date: November 6, 2024

Other Findings in this Audit

1095741 2024-001

Material Weakness

Programs in Audit

ALN	Program Name	Expenditures
14.195	Section 8 Housing Assistance Payments Program	$4.18M