EIN: 050378004
UEI: SAF9L7LHM6K6
Audited by: Kahn, Litwin, Renza & Co. Ltd.
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 27, 2026. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by September 27, 2026 (28 days from today).
What is a management decision? →FAC accepted this audit on October 28, 2024 — management decision was due April 28, 2025.
FAC accepted this audit on October 28, 2024 — management decision was due April 28, 2025.
FAC accepted this audit on November 5, 2022 — management decision was due May 5, 2023.
FAC accepted this audit on March 24, 2022 — management decision was due September 24, 2022.
The Organization does not have operational and accounting policies and procedures documenting its system of internal control. In addition, we noted that certain procedures do not have a proper review process due to a lack of segregation of duties. The basic premise is that no one employee should have access to both physical assets and the related accounting records or to all phases of a transaction. Cause: The Organization?s size and budget constraints limit the number of personnel and do not facilitate the segregation of duties necessary to adequately separate procedures. In addition, due to the limited staff, a documented policies and procedures manual has not been created. Effect: Inadequate segregation of duties could adversely affect the Organization?s ability to detect and correct unintentional or intentional misstatements of the financial statements in a timely manner by employees in the normal course of performing their assigned functions. Recommendation: We recommend that the Organization implement the Parent's system of internal controls which documents its operational and accounting processes and incorporates a segregation of duties. Views of Responsible Officials: Management is working on merging the fiscal department and documenting the Organization?s operational and accounting processes. This is expected to be completed during fiscal year 2022.
Show full finding ▾Hide full finding ▴2021-001 Document Policies, Procedures, System of Internal Control and Segregation of Duties Criteria: The Organization should have a system of internal controls, policies and procedures with adequate segregation of duties so that no one individual handles a transaction from its inception to completion. Condition: The Organization does not have operational and accounting policies and procedures documenting its system of internal control. In addition, we noted that certain procedures do not have a proper review process due to a lack of segregation of duties. The basic premise is that no one employee should have access to both physical assets and the related accounting records or to all phases of a transaction. Cause: The Organization?s size and budget constraints limit the number of personnel and do not facilitate the segregation of duties necessary to adequately separate procedures. In addition, due to the limited staff, a documented policies and procedures manual has not been created. Effect: Inadequate segregation of duties could adversely affect the Organization?s ability to detect and correct unintentional or intentional misstatements of the financial statements in a timely manner by employees in the normal course of performing their assigned functions. Recommendation: We recommend that the Organization implement the Parent's system of internal controls which documents its operational and accounting processes and incorporates a segregation of duties. Views of Responsible Officials: Management is working on merging the fiscal department and documenting the Organization?s operational and accounting processes. This is expected to be completed during fiscal year 2022.
Name of Auditee: Shalom Housing, Inc. HUD Auditee Identification Number: HUD Project No. 016-EH-202-WAH-L-8 Name of Audit Firm: Kahn, Litwin, Renza & Co., Ltd. Period Covered by the Audit: July 01, 2020 to June 30, 2021 Corrective Action Plan Prepared By: Name: Renee St. John Position: Chief Financial Officer Telephone Number: 401-331-1244 Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations. Finding 2021-01: Document Policies, Procedures, System of Internal Control and Segregation of Duties Auditee?s Response: Shalom Housing, Inc. (the Organization) is in agreement with the finding and the recommendation. The Organization will work on implementing a system of internal controls which documents the Organization's operational and accounting processes and incorporates a segregation of duties with the assistance of the Chief Financial Officer of the Jewish Collaborative Services? (the Parent). Planned Corrective Action Plan: The Organization has started reviewing its current system of internal controls and moving responsibilities to the Parent and utilizing the Parent?s documented operational and accounting processes. Over the next few months, the Organization is planning on modifying current processes to be consistent with the Parent?s operational and accounting processes. Name of Responsible Person: Renee St. John, Chief Financial Officer Name of Department Contact: Renee St. John, Chief Financial Officer Current Status: In Progress. The Organization is in the process of merging the fiscal department. Procedures have been put into place and management is in the process of documenting the updated operational and accounting processes. The written documentation is expected to be completed during fiscal year 2022.
2020-001
During 2020, the Organization overstated their cash and current obligations in their surplus cash calculation, resulting in an insufficient amount of funds deposited into their residual receipts account. Subsequently, the Organization corrected their surplus cash calculation, resulting in a late deposit to their residual receipts account in the amount of $15,301. Cause: The Organization mistakenly included various receivables and payables that are not included in the surplus cash calculation, resulting in a preliminary understatement of surplus cash. Effect: The Organization is not in compliance with HUD guidelines which require surplus cash to be deposited within 90 days after close of the fiscal year. Recommendation: We recommend the Organization deposit the additional $15,301 to their residual receipts account and to regularly calculate surplus cash and review the computation to ensure it is properly calculated. Views of Responsible Officials: Management deposited the $15,301 into their residual receipts account on October 20, 2020. Management is working on developing a procedure to calculate surplus cash on a monthly basis to ensure surplus cash is properly calculated. This is expected to be completed during fiscal year 2022.
Show full finding ▾Hide full finding ▴21-02 Late Residual Receipt Payment Criteria: The regulations under which the Project operates require the Organization to make deposits based on their surplus cash calculation into their residual receipts account in accordance with HUD requirements within 90 days after the close of the fiscal year.Condition: During 2020, the Organization overstated their cash and current obligations in their surplus cash calculation, resulting in an insufficient amount of funds deposited into their residual receipts account. Subsequently, the Organization corrected their surplus cash calculation, resulting in a late deposit to their residual receipts account in the amount of $15,301. Cause: The Organization mistakenly included various receivables and payables that are not included in the surplus cash calculation, resulting in a preliminary understatement of surplus cash. Effect: The Organization is not in compliance with HUD guidelines which require surplus cash to be deposited within 90 days after close of the fiscal year. Recommendation: We recommend the Organization deposit the additional $15,301 to their residual receipts account and to regularly calculate surplus cash and review the computation to ensure it is properly calculated. Views of Responsible Officials: Management deposited the $15,301 into their residual receipts account on October 20, 2020. Management is working on developing a procedure to calculate surplus cash on a monthly basis to ensure surplus cash is properly calculated. This is expected to be completed during fiscal year 2022.
Name of Auditee: Shalom Housing, Inc. HUD Auditee Identification Number: HUD Project No. 016-EH-202-WAH-L-8 Name of Audit Firm: Kahn, Litwin, Renza & Co., Ltd. Period Covered by the Audit: July 01, 2020 to June 30, 2021 Corrective Action Plan Prepared By: Name: Renee St. John Position: Chief Financial Officer Telephone Number: 401-331-1244 Finding 2021-02: Late Residual Receipt Payment Auditee?s Response: Shalom Housing, Inc. (the Organization) is in agreement with the finding and the recommendation. During 2020, the Organization overstated their cash and current obligations in their surplus cash calculation, resulting in an insufficient amount of funds deposited into their residual receipts account. Subsequently, the Organization corrected their surplus cash calculation, resulting in a late deposit to their residual receipts account in the amount $15,301. The Organization will work on regularly calculating surplus cash and review the computation to ensure it is properly calculated. Planned Corrective Action Plan: The Organization will deposit the additional $15,301 to their residual receipts account. Over the next few months, the Organization is planning on creating a procedure to calculate surplus cash and review the computations for accuracy. Name of Responsible Person: Renee St. John, Chief Financial Officer Name of Department Contact: Renee St. John, Chief Financial Officer Current Status: In Progress. Management deposited the $15,301 into their residual receipts account on October 20, 2020. Management is working on developing a procedure to calculate surplus cash on a monthly basis to ensure surplus cash is properly calculated. This is expected to be completed during fiscal year 2022.
2020-002
FAC accepted this audit on December 14, 2020 — management decision was due June 14, 2021.
FAC accepted this audit on October 8, 2018 — management decision was due April 8, 2019.
FAC accepted this audit on October 17, 2017 — management decision was due April 17, 2018.
FAC accepted this audit on September 27, 2016 — management decision was due March 27, 2017.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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