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The Carpenter Housing Development Fund Co., Inc.Non-Profit

EIN: 061475666

UEI: ND83LJ8UBBF5

Audited by: DiMarco, Abiusi & Pascarella, CPAs P.C.

Oversight agency: 14 [Department of Housing and Urban Development]

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Data as of September 2, 2026

The Carpenter Housing Development Fund Co., Inc.9 audit years11 findings4 repeat
9
Audit Years
11
Total Findings
4
Repeat Findings
$2.8M
Federal Awards Expended (FY 2024)

FY 2024-09-30

$2,765,704 federal awards expended

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on August 12, 2025. 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 February 12, 2026 (203 days ago).

What is a management decision? →
2024-001
Reporting
OTHER MATTERS

Finding No. 2024-001: Current Year Reporting Package and Data Collection Not Filed Timely a. The Carpenter Housing Development Fund Co., Inc. September 30, 2024 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending September 30, 2025 and September 30, 2026. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse late due to management not monitoring the CPA firm to enter the data collection form as agreed upon resulting in a late filing. The form will be submitted as soon as possible. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

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Full finding narrative

Finding No. 2024-001: Current Year Reporting Package and Data Collection Not Filed Timely a. The Carpenter Housing Development Fund Co., Inc. September 30, 2024 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending September 30, 2025 and September 30, 2026. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse late due to management not monitoring the CPA firm to enter the data collection form as agreed upon resulting in a late filing. The form will be submitted as soon as possible. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

Corrective Action Plan

Finding #2024-001 Current Year Reporting Package and Data Collection Not Filed Timely: Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. Action taken: Carpenter Apartments agrees with the auditor’s recommendations and will implement procedures to ensure timely filing in the future. For questions regarding this corrective action plan, please contact Kyle Lyskawa, Chief Financial Officer, at (315) 424-1821.

About Reporting →
2024-002
Reporting
REPEAT OF 2023-001OTHER MATTERS

Finding No. 2024-002: Prior Year Reporting Package and Data Collection Not Filed Timely a. The Carpenter Housing Development Fund Co., Inc. September 30, 2023 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending September 30, 2024 and September 30, 2025. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse 39 days late due to management not monitoring the CPA firm to enter the data collection form as agreed upon resulting in a late filing. The form was submitted on August 8, 2024. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

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Full finding narrative

Finding No. 2024-002: Prior Year Reporting Package and Data Collection Not Filed Timely a. The Carpenter Housing Development Fund Co., Inc. September 30, 2023 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending September 30, 2024 and September 30, 2025. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse 39 days late due to management not monitoring the CPA firm to enter the data collection form as agreed upon resulting in a late filing. The form was submitted on August 8, 2024. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

Corrective Action Plan

Finding #2024-002 Prior Year Reporting Package and Data Collection Not Filed Timely: Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. Action taken: Carpenter Apartments agrees with the auditor’s recommendations and will implement procedures to ensure timely filing in the future. For questions regarding this corrective action plan, please contact Kyle Lyskawa, Chief Financial Officer, at (315) 424-1821.

Prior Finding References

2023-001

About Reporting →
2024-003
Special Tests & Provisions
REPEAT OF 2023-002OTHER MATTERS

Finding No. 2024-003: Section 202 Supportive Housing for the Elderly – (Capital Advance) – ALN 14.157 a. Statement of condition: the required deposit of surplus cash of $323 as of September 30, 2022 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: The project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: Carpenter Apartment management determined the surplus cash amount before the audit was issued resulting in a late deposit. The $323 deposit was made in March of 2025. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

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Full finding narrative

Finding No. 2024-003: Section 202 Supportive Housing for the Elderly – (Capital Advance) – ALN 14.157 a. Statement of condition: the required deposit of surplus cash of $323 as of September 30, 2022 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: The project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: Carpenter Apartment management determined the surplus cash amount before the audit was issued resulting in a late deposit. The $323 deposit was made in March of 2025. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

Corrective Action Plan

Finding #2024-003 Section 202 Supportive Housing for the Elderly – (Capital Advance) – ALN 14.157: Recommendation: We recommend that management should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. Action taken: Carpenter Apartments agrees with the auditor’s recommendations and will implement procedures to ensure timely and accurate deposits in the future. For questions regarding this corrective action plan, please contact Kyle Lyskawa, Chief Financial Officer, at (315) 424-1821.

Prior Finding References

2023-002

About Special Tests and Provisions →

FY 2023-09-30

$2,787,255 federal awards expended

FAC accepted this audit on August 8, 2024 — management decision was due February 8, 2025.

2023-001
Special Tests & Provisions
OTHER MATTERS

Finding No. 2023-001: Prior Year Reporting Package and Data Collection Not Filed Timely a. The Carpenter Housing Development Fund Co., Inc. September 30, 2022 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending September 30, 2023 and September 30, 2024. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse 174 days late due to management not monitoring CPA firm to enter data in data collection form as agreed upon resulting in a late filing. The form was submitted on December 21, 2023. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

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Full finding narrative

Finding No. 2023-001: Prior Year Reporting Package and Data Collection Not Filed Timely a. The Carpenter Housing Development Fund Co., Inc. September 30, 2022 reporting package and data collection form was not filed with the Federal Audit Clearinghouse on time. b. Criteria: 2 CFR section 200.512(a)(1) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 days after the reports are received from the auditors or nine months after the end of the audit period. c. Effect of condition: The effect is that the project would not be considered a "Low Risk Auditee" for at least the fiscal years ending September 30, 2023 and September 30, 2024. This designation will require the auditor to audit at least 40% of the project's programs as Major programs until such time that the project may be considered a “Low Risk Auditee” again. d. Cause of condition: The reporting package and data collection form was submitted to the Federal Audit Clearinghouse 174 days late due to management not monitoring CPA firm to enter data in data collection form as agreed upon resulting in a late filing. The form was submitted on December 21, 2023. e. Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

Corrective Action Plan

Finding #2023-001 Prior Year Reporting Package and Data Collection Not Filed Timely: Recommendation: We recommend that management implement procedures to ensure that reporting packages and data collection forms are filed timely in the future. Action taken: Carpenter Apartments agrees with the auditor’s recommendations and will implement procedures to ensure timely filing in the future. For questions regarding this corrective action plan, please contact Kyle Lyskawa, Chief Financial Officer, at (315) 424-1821.

About Special Tests and Provisions →
2023-002
Special Tests & Provisions
REPEAT OF 2022-001OTHER MATTERS

Finding No. 2023-002: Section 202 Supportive Housing for the Elderly – (Capital Advance) – ALN 14.157 a. Statement of condition: the required deposit of surplus cash of $323 as of September 30, 2022 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: the project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: The Carpenter Apartment’s $323 deposit due will be paid as soon as possible. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

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Full finding narrative

Finding No. 2023-002: Section 202 Supportive Housing for the Elderly – (Capital Advance) – ALN 14.157 a. Statement of condition: the required deposit of surplus cash of $323 as of September 30, 2022 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: the project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: The Carpenter Apartment’s $323 deposit due will be paid as soon as possible. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

Corrective Action Plan

Finding #2023-002 Section 202 Supportive Housing for the Elderly – (Capital Advance) – ALN 14.157: Recommendation: We recommend that management should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. Action taken: Carpenter Apartments agrees with the auditor’s recommendations and will implement procedures to ensure timely and accurate deposits in the future. For questions regarding this corrective action plan, please contact Kyle Lyskawa, Chief Financial Officer, at (315) 424-1821.

Prior Finding References

2022-001

About Special Tests and Provisions →

FY 2022-09-30

LOW-RISK AUDITEE$2,788,220 federal awards expended

FAC accepted this audit on December 21, 2023 — management decision was due June 21, 2024.

2022-001
Special Tests & Provisions
REPEAT OF 2021-001OTHER MATTERS

Finding No. 2022-001: Section 202 Supportive Housing for the Elderly – (Capital Advance) – CFDA NO. 14.157 a. Statement of condition: the required deposit of surplus cash of $2,324 as of September 30, 2021 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: the project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: the deposit was made 34 days late due to an oversight by the managing agent. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

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Full finding narrative

Finding No. 2022-001: Section 202 Supportive Housing for the Elderly – (Capital Advance) – CFDA NO. 14.157 a. Statement of condition: the required deposit of surplus cash of $2,324 as of September 30, 2021 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project’s fiscal year-end. c. Effect of condition: the project is not in compliance with the HUD regulatory agreement as it relates to the management of the residual receipts reserve. d. Cause of condition: the deposit was made 34 days late due to an oversight by the managing agent. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of responsible officials and planned corrective actions: Carpenter Apartments agrees with the finding and the auditor’s recommendations have been adopted.

Corrective Action Plan

Action taken: Carpenter Apartments agrees with the auditor’s recommendations and will implement procedures to ensure that required surplus cash deposits are made within 60 days of the projects fiscal year-end. For questions regarding this corrective action plan, please contact Kyle Lyskawa, Chief Financial Officer, at (315) 424-1821.

Prior Finding References

2021-001

About Special Tests and Provisions →

FY 2021-09-30

LOW-RISK AUDITEE$2,787,670 federal awards expended

FAC accepted this audit on January 19, 2022 — management decision was due July 19, 2022.

2021-001
Special Tests & Provisions
OTHER MATTERS

The required deposit of surplus cash of $6,552 as of September 30, 2020 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project?s fiscal year-end. c. Effect of Condition: The project is not in compliance with the HUD Regulatory Agreement as it relates to the management of the residual receipts reserve. d. Cause of Condition: The deposit was made 4 days late due to an oversight by the managing agent. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

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Full finding narrative

a. Statement of Condition: The required deposit of surplus cash of $6,552 as of September 30, 2020 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. b. Criteria: Carpenter Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the project?s fiscal year-end. c. Effect of Condition: The project is not in compliance with the HUD Regulatory Agreement as it relates to the management of the residual receipts reserve. d. Cause of Condition: The deposit was made 4 days late due to an oversight by the managing agent. e. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

Corrective Action Plan

Statement of Condition: The required deposit of surplus cash of $6,552 as of September 30, 2020 to the residual receipts reserve account was not made within the required 60 days following the statement of financial position date. Recommendation: Carpenter Apartments should deposit the required funds in the future into the residual receipts reserve account within the 60-day requirement. Action Taken: The residual receipts reserve bank statement shows that the deposit was made on December 3, 2020. Carpenter Apartments agrees with the finding and going forward will make every effort to make the surplus cash deposit within the required 60-day period following the fiscal year-end.

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2021-002
Special Tests & Provisions
OTHER MATTERS

The reserve for replacements account was underfunded by one required monthly deposit totaling $3,250 as of September 30, 2021. b. Criteria: Mortgagor must maintain a reserve fund for replacements per the regulatory agreement and deposit an amount equal to $3,250 per month. c. Effect of Condition: The reserve for replacement account balance could become insufficiently funded to enable the project to finance significant repairs and replacements. d. Cause of Condition: Carpenter Apartments lacked the adequate cash flow during the year to make the required deposit. e. Recommendation: Carpenter Apartments should deposit the necessary funds as soon as possible to ensure that the replacement reserve account is fully funded. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

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Full finding narrative

a. Statement of Condition: The reserve for replacements account was underfunded by one required monthly deposit totaling $3,250 as of September 30, 2021. b. Criteria: Mortgagor must maintain a reserve fund for replacements per the regulatory agreement and deposit an amount equal to $3,250 per month. c. Effect of Condition: The reserve for replacement account balance could become insufficiently funded to enable the project to finance significant repairs and replacements. d. Cause of Condition: Carpenter Apartments lacked the adequate cash flow during the year to make the required deposit. e. Recommendation: Carpenter Apartments should deposit the necessary funds as soon as possible to ensure that the replacement reserve account is fully funded. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

Corrective Action Plan

Statement of Condition: The reserve for replacements account was underfunded by one required monthly deposit totaling $3,250 at September 30, 2021. Recommendation: Carpenter Apartments should deposit the necessary funds as soon as possible to ensure that the replacement reserve account is fully funded. Action Taken: The delinquent deposit of $3,250 was made in October 2021. Carpenter Apartments agrees with the finding and going forward will make every effort to make the required monthly deposits.

About Special Tests and Provisions →

FY 2020-09-30

LOW-RISK AUDITEE$2,771,984 federal awards expended

FAC accepted this audit on December 20, 2020 — management decision was due June 20, 2021.

2020-001
Eligibility
OTHER MATTERS

In one instance of four files tested, tenant income was understated by $18 due to social security income being miscalculated. b. Criteria: The tenant?s adjusted rent is calculated based on income and allowances. c. Effect of Condition: The tenant?s yearly rent was understated and subsidy was overstated in the amount of $16 since the tenant only resided in the apartment from February to June. d. Cause of Condition: Procedures are in place for calculating tenant rent. In this instance, documentation in the file was overlooked in determining income for the calculation of tenant rent. e. Recommendation: Carpenter Apartments should notify the tenant of the error and recalculate the tenant?s rent. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

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Full finding narrative

Finding No. 2020-001: Section 202 Supportive Housing for the Elderly ? (Capital Advance) ? CFDA No. 14.157 a. Statement of Condition: In one instance of four files tested, tenant income was understated by $18 due to social security income being miscalculated. b. Criteria: The tenant?s adjusted rent is calculated based on income and allowances. c. Effect of Condition: The tenant?s yearly rent was understated and subsidy was overstated in the amount of $16 since the tenant only resided in the apartment from February to June. d. Cause of Condition: Procedures are in place for calculating tenant rent. In this instance, documentation in the file was overlooked in determining income for the calculation of tenant rent. e. Recommendation: Carpenter Apartments should notify the tenant of the error and recalculate the tenant?s rent. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

Corrective Action Plan

U.S. Department of Housing and Urban Development Finding No. 2020-001: Section 2020 Supportive Housing for the Elderly ? (Capital Advance) ? CFDA No. 14.157 Condition: In one instance of four files tested, tenant income was understated by $18 due to social security income being miscalculated. Recommendation: Carpenter Apartments should notify the tenant of the error and recalculate the tenant?s rent. Action Taken: The property manager will recalculate the rent of the tenant in question. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call David Filipski at (315) 424-1821.

About Eligibility →

FY 2019-09-30

LOW-RISK AUDITEE$2,765,737 federal awards expended

FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.

2019-001
Eligibility
OTHER MATTERS

In one instance of four files tested, tenant income was understated by $2,292 due to social security income being miscalculated. b. Criteria: The tenant?s adjusted rent is calculated based on income and allowances. c. Effect of Condition: The tenant?s yearly rent was understated and subsidy was overstated in the amount of $684. d. Cause of Condition: Procedures are in place for calculating tenant rent. In this instance, documentation in the file was overlooked in determining income for the calculation of tenant rent. e. Recommendation: Carpenter Apartments should notify the tenant of the error and recalculate the tenant?s rent. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

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Full finding narrative

Finding No. 2019-001: Section 202 Supportive Housing for the Elderly ? (Capital Advance) ? CFDA No. 14.157 a. Statement of Condition: In one instance of four files tested, tenant income was understated by $2,292 due to social security income being miscalculated. b. Criteria: The tenant?s adjusted rent is calculated based on income and allowances. c. Effect of Condition: The tenant?s yearly rent was understated and subsidy was overstated in the amount of $684. d. Cause of Condition: Procedures are in place for calculating tenant rent. In this instance, documentation in the file was overlooked in determining income for the calculation of tenant rent. e. Recommendation: Carpenter Apartments should notify the tenant of the error and recalculate the tenant?s rent. f. Views of Responsible Officials and Planned Corrective Actions: Carpenter Apartments agrees with the finding and the auditor?s recommendations have been adopted.

Corrective Action Plan

U.S. Department of Housing and Urban Development Finding No. 2019-001: Section 202 Supportive Housing for the Elderly ? (Capital Advance) ? CFDA No. 14.157 Condition: In one instance of four files tested, tenant income was understated by $2,292 due to social security income being miscalculated. Recommendation: Carpenter Apartments should notify the tenant of the error and recalculate the tenant?s rent. Action Taken: The property manager will recalculate the rent of the tenant in question. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call David Filipski at (315) 424-1821.

About Eligibility →

FY 2018-09-30

LOW-RISK AUDITEE$2,755,091 federal awards expendedNo findings recorded this year

FAC accepted this audit on December 13, 2018 — management decision was due June 13, 2019.

FY 2017-09-30

LOW-RISK AUDITEE$2,748,502 federal awards expendedNo findings recorded this year

FAC accepted this audit on December 10, 2017 — management decision was due June 10, 2018.

FY 2016-09-30

LOW-RISK AUDITEE$2,743,664 federal awards expended

FAC accepted this audit on November 28, 2016 — management decision was due May 28, 2017.

2016-001
Eligibility
OTHER MATTERS

GSA_MIGRATION

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Full finding narrative

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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