FAC Explorer

Finding 559743 (2022-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2025-05-06
Audit: 355678
Organization: Hoover Seniors (CA)
Auditor: Cohnreznick LLP

AI Summary

  • Issue: The Corporation failed to submit a complete annual financial report to HUD on time.
  • Requirement: Reports must be submitted within 90 days after the fiscal year ends or within nine months if a certified submission is provided.
  • Follow-up: Ensure timely submission of future reports to avoid compliance issues.

Finding Text

The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ending December 31, 2022 or within nine months of fiscal year end if an owner certified submission was furnished to HUD.

Corrective Action Plan

The Corporation should file the December 31, 2022 financial statements as soon as possible and should ensure the annual financial report is filed within 90 days in future periods or within nine months of fiscal year end if an owner certified submission was furnished to HUD.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 559741 2022-003
    Significant Deficiency Repeat
  • 559742 2022-002
    Significant Deficiency Repeat
  • 559744 2022-003
    Significant Deficiency Repeat
  • 559745 2022-002
    Significant Deficiency Repeat
  • 559746 2022-001
    Significant Deficiency Repeat
  • 559747 2022-002
    Significant Deficiency Repeat
  • 559748 2022-003
    Significant Deficiency Repeat
  • 1136183 2022-003
    Significant Deficiency Repeat
  • 1136184 2022-002
    Significant Deficiency Repeat
  • 1136185 2022-001
    Significant Deficiency Repeat
  • 1136186 2022-003
    Significant Deficiency Repeat
  • 1136187 2022-002
    Significant Deficiency Repeat
  • 1136188 2022-001
    Significant Deficiency Repeat
  • 1136189 2022-002
    Significant Deficiency Repeat
  • 1136190 2022-003
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $1.18M
14.157 Supportive Housing for the Elderly $309,161