EIN: 341346763
UEI: LGKCFFP8LMD6
Audit also covers 3 related EINs: 341166865, 341678365, 824300537 · unlinked EINs have no separate FAC filing
Audited by: Cohen & Company, Ltd.
Oversight agency: 21 [Department of the Treasury]
View federal awards & risk assessment →
Data as of August 29, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 26, 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 February 26, 2027 (180 days from today).
What is a management decision? →CONDITION: During 2025, we noted account reconciliations and approvals over financial information were not performed timely which resulted in a significant number of post-closing adjustments provided by management in order to report the consolidated financial statements in accordance with GAAP, including adjustments to properly record transactions between CHN and its affiliated entities. Procedures were not in place to ensure timely reconciliations and review of the general ledgers, journal entries, and reporting to third parties. CRITERIA: Systems and procedures should provide for reconciliation and review of general ledger accounts to occur on a timely basis to allow for accurate and timely preparation of financial and compliance reports.CAUSE: Systems and procedures were not in place to ensure general ledger accounts were reconciled and reports were filed timely to third parties.EFFECT: As adequate procedures were not in place to ensure timely reconciliation and review of general ledger accounts, there is a potential that financial reports, including the schedule of expenditures of federal awards, will be misstated and not filed accurately to third parties. RECOMMENDATION: Systems and procedures should be established by management to allow for timely reconciliation and review of general ledger accounts. Journal entries to record significant transactions in the general ledger should be reviewed and approved by management.
Show full finding ▾Hide full finding ▴CONDITION: During 2025, we noted account reconciliations and approvals over financial information were not performed timely which resulted in a significant number of post-closing adjustments provided by management in order to report the consolidated financial statements in accordance with GAAP, including adjustments to properly record transactions between CHN and its affiliated entities. Procedures were not in place to ensure timely reconciliations and review of the general ledgers, journal entries, and reporting to third parties. CRITERIA: Systems and procedures should provide for reconciliation and review of general ledger accounts to occur on a timely basis to allow for accurate and timely preparation of financial and compliance reports.CAUSE: Systems and procedures were not in place to ensure general ledger accounts were reconciled and reports were filed timely to third parties.EFFECT: As adequate procedures were not in place to ensure timely reconciliation and review of general ledger accounts, there is a potential that financial reports, including the schedule of expenditures of federal awards, will be misstated and not filed accurately to third parties. RECOMMENDATION: Systems and procedures should be established by management to allow for timely reconciliation and review of general ledger accounts. Journal entries to record significant transactions in the general ledger should be reviewed and approved by management.
CHN Housing Partners and Affiliates continues to analyze the needs of the accounting department to ensure timely reconciliation of the general ledger and reporting to third parties. To mitigate this risk in the future, management has implemented a new accounting system and has hired an additional Accounting Manager and is tasked with ensuring account reconciliation are being performed on a timely basis.
2024-001
CONDITION: During 2025, corrections were made to the schedule of federal expenditures to properly reflect expenditures under the appropriate assistance listing numbers. Procedures were not adequate to ensure federal expenditures were properly reflected in the schedule of federal expenditures.CRITERIA: Systems and procedures should provide for identification of federal expenditures and the assistance listing numbers associated with those expenditures.CAUSE: Systems and procedures were not in place to ensure accurate reporting of assistance listing numbers on the schedule of federal expenditures.EFFECT: Due to improper identification of assistance listing numbers for federal expenditures, there is a potential for noncompliance with grant agreements and misstatement of financial reports, including the schedule of expenditures of federal awards. RECOMMENDATION: Systems and procedures should be established by management to allow for proper identification of assistance listing numbers on the schedule of federal expenditures and to ensure all compliance requirements of grant agreements are being met.
Show full finding ▾Hide full finding ▴CONDITION: During 2025, corrections were made to the schedule of federal expenditures to properly reflect expenditures under the appropriate assistance listing numbers. Procedures were not adequate to ensure federal expenditures were properly reflected in the schedule of federal expenditures.CRITERIA: Systems and procedures should provide for identification of federal expenditures and the assistance listing numbers associated with those expenditures.CAUSE: Systems and procedures were not in place to ensure accurate reporting of assistance listing numbers on the schedule of federal expenditures.EFFECT: Due to improper identification of assistance listing numbers for federal expenditures, there is a potential for noncompliance with grant agreements and misstatement of financial reports, including the schedule of expenditures of federal awards. RECOMMENDATION: Systems and procedures should be established by management to allow for proper identification of assistance listing numbers on the schedule of federal expenditures and to ensure all compliance requirements of grant agreements are being met.
An incorrect assistance number was mistakenly entered on the schedule of federal expenditures leading to a transposition of award dollars between accounts. While the total dollars on the schedule of federal expenditures reflected accurately, the individual balance for one account was incorrectly listed. This error coincided with staffing changes and management believes this was an isolated error that will not be recurring. Going forward CHN Housing Partners and Affiliates will ensure that the schedule of federal expenditure award numbers are keyed correctly through secondary review.
FAC accepted this audit on July 25, 2025 — management decision was due January 25, 2026.
CONDITION: During 2024, audit adjustments were made to the consolidated financial statements to properly record transactions between CHN and its affiliated entities. Procedures were not in place to ensure these transactions were properly reflected in the general ledger and financial reporting schedules. CRITERIA: Systems and procedures should provide for identification of general ledger accounts that require adjustment to reflect transactions between CHN and its affiliated entities. CAUSE: Systems and procedures were not in place to ensure timely identification and review of transactions between CHN and its affiliated entities. EFFECT: With no procedures in place to ensure timely identification and review of transactions between CHN and its affiliated entites, there is potential that financial reports, including the schedule of expenditures of federal awards, will be misstated and not filed accurately to third parties. RECOMMENDATION: Systems and procedures should be established by management to allow for timely identification and recording of transactions between CHN and its affiliated entities. Journal entries to record these transactions in the general ledger should be reviewed and approved by management.
Show full finding ▾Hide full finding ▴CONDITION: During 2024, audit adjustments were made to the consolidated financial statements to properly record transactions between CHN and its affiliated entities. Procedures were not in place to ensure these transactions were properly reflected in the general ledger and financial reporting schedules. CRITERIA: Systems and procedures should provide for identification of general ledger accounts that require adjustment to reflect transactions between CHN and its affiliated entities. CAUSE: Systems and procedures were not in place to ensure timely identification and review of transactions between CHN and its affiliated entities. EFFECT: With no procedures in place to ensure timely identification and review of transactions between CHN and its affiliated entites, there is potential that financial reports, including the schedule of expenditures of federal awards, will be misstated and not filed accurately to third parties. RECOMMENDATION: Systems and procedures should be established by management to allow for timely identification and recording of transactions between CHN and its affiliated entities. Journal entries to record these transactions in the general ledger should be reviewed and approved by management.
To mitigate this risk in the future, management intends to hire an additional Accounting Manager in the Summer 2025 that will in part be tasked with ensuring that development-related transactions are properly recorded between CHN and its affiliated entities.
FAC accepted this audit on July 17, 2024 — management decision was due January 17, 2025.
FAC accepted this audit on August 2, 2023 — management decision was due February 2, 2024.
CONDITION: During 2022, procedures were not in place to ensure general ledger accounts were reconciled and reviewed on a timely basis. As a result, financial reports were not filed timely to third parties. CRITERIA: Systems and procedures should provide for reconciliation and review of general ledger accounts to occur on a timely basis to allow for accurate and timely preparation of financial reports. CAUSE: Systems and procedures were not in place to ensure general ledger accounts were reconciled and reports were filed timely to third parties. EFFECT: With no procedures in place to ensure timely reconciliation and review of general ledger accounts, there is potential that financial reports will be misstated and not filed timely to third parties. RECOMMENDATION: Systems and procedures should be established by management to allow for timely reconciliation and review of general ledger accounts. MANAGEMENT?S RESPONSE: Starting in late summer 2020, the large influx of federal COVID-19 relief funds and the overwhelming need for immediate rental and utility support led to unanticipated program growth but also strained internal back-office support capacity as CHN Housing Partners and Affiliates quickly responded to meet the demand for assistance. In response to this capacity issue, in 2021, CHN Housing Partners and Affiliates hired additional accounting personnel. In 2022, CHN Housing Partners and Affiliates experienced turnover in their accounting department and replacements were not hired until 2023. CHN Housing Partners and Affiliates will continue to analyze the needs of the accounting department to ensure the timely reconciliation of the general ledger and reporting to third parties.
Show full finding ▾Hide full finding ▴CONDITION: During 2022, procedures were not in place to ensure general ledger accounts were reconciled and reviewed on a timely basis. As a result, financial reports were not filed timely to third parties. CRITERIA: Systems and procedures should provide for reconciliation and review of general ledger accounts to occur on a timely basis to allow for accurate and timely preparation of financial reports. CAUSE: Systems and procedures were not in place to ensure general ledger accounts were reconciled and reports were filed timely to third parties. EFFECT: With no procedures in place to ensure timely reconciliation and review of general ledger accounts, there is potential that financial reports will be misstated and not filed timely to third parties. RECOMMENDATION: Systems and procedures should be established by management to allow for timely reconciliation and review of general ledger accounts. MANAGEMENT?S RESPONSE: Starting in late summer 2020, the large influx of federal COVID-19 relief funds and the overwhelming need for immediate rental and utility support led to unanticipated program growth but also strained internal back-office support capacity as CHN Housing Partners and Affiliates quickly responded to meet the demand for assistance. In response to this capacity issue, in 2021, CHN Housing Partners and Affiliates hired additional accounting personnel. In 2022, CHN Housing Partners and Affiliates experienced turnover in their accounting department and replacements were not hired until 2023. CHN Housing Partners and Affiliates will continue to analyze the needs of the accounting department to ensure the timely reconciliation of the general ledger and reporting to third parties.
Starting in late summer 2020, the large influx of federal COVID-19 relief funds and the overwhelming need for immediate rental and utility support led to unanticipated program growth but also strained internal back-office support capacity as CHN Housing Partners and Affiliates quickly responded to meet the demand for assistance. In response to this capacity issue, in 2021, CHN Housing Partners and Affiliates hired additional accounting personnel. In 2022, CHN Housing Partners and Affiliates experienced turnover in their accounting department and replacements were not hired until 2023. CHN Housing Partners and Affiliates will continue to analyze the needs of the accounting department to ensure the timely reconciliation of the general ledger and reporting to third parties.
FAC accepted this audit on July 6, 2022 — management decision was due January 6, 2023.
FAC accepted this audit on July 21, 2021 — management decision was due January 21, 2022.
CONDITION: During 2020, procedures were not in place to ensure general ledger accounts were reconciled and reviewed on a timely basis. As a result, audit adjustments were made to the consolidated financial statements and schedule of expenditures of federal awards. CRITERIA: Systems and procedures should provide for reconciliation and review of general ledger accounts to occur on a timely basis to allow for accurate preparation of complete consolidated financial statements and schedule of expenditures of federal awards. CAUSE: Systems and procedures were not in place to ensure general ledger accounts were reconciled and reviewed on a timely basis. EFFECT: With no procedures in place to ensure timely reconciliation and review of general ledger accounts, there is potential that the consolidated financial statements and the schedule of expenditures of federal awards will be misstated and mislead users of the consolidated financial statements and the schedule of expenditures of federal awards. RECOMMENDATION: Systems and procedures should be established by management to allow for timely reconciliation and review of general ledger accounts. MANAGEMENT?S RESPONSE: Starting in late summer 2020, the large influx of federal COVID-19 relief funds and the overwhelming need for immediate rental and utility support led to unanticipated program growth but also strained internal back-office support capacity as CHN quickly responded to meet the demand for assistance. In response to this capacity issue, CHN has added two accounting staff positions and will continue to analyze the needs of the department to ensure the timely reconciliation of the general ledger.
Show full finding ▾Hide full finding ▴CONDITION: During 2020, procedures were not in place to ensure general ledger accounts were reconciled and reviewed on a timely basis. As a result, audit adjustments were made to the consolidated financial statements and schedule of expenditures of federal awards. CRITERIA: Systems and procedures should provide for reconciliation and review of general ledger accounts to occur on a timely basis to allow for accurate preparation of complete consolidated financial statements and schedule of expenditures of federal awards. CAUSE: Systems and procedures were not in place to ensure general ledger accounts were reconciled and reviewed on a timely basis. EFFECT: With no procedures in place to ensure timely reconciliation and review of general ledger accounts, there is potential that the consolidated financial statements and the schedule of expenditures of federal awards will be misstated and mislead users of the consolidated financial statements and the schedule of expenditures of federal awards. RECOMMENDATION: Systems and procedures should be established by management to allow for timely reconciliation and review of general ledger accounts. MANAGEMENT?S RESPONSE: Starting in late summer 2020, the large influx of federal COVID-19 relief funds and the overwhelming need for immediate rental and utility support led to unanticipated program growth but also strained internal back-office support capacity as CHN quickly responded to meet the demand for assistance. In response to this capacity issue, CHN has added two accounting staff positions and will continue to analyze the needs of the department to ensure the timely reconciliation of the general ledger.
Starting in late summer 2020, the large influx of federal COVID-19 relief funds and the overwhelming need for immediate rental and utility support led to unanticipated program growth but also strained internal back-office support capacity as CHN quickly responded to meet the demand for assistance. In response to this capacity issue, CHN has added two accounting staff positions and will continue to analyze the needs of the department to ensure the timely reconciliation of the general ledger.
FAC accepted this audit on July 13, 2020 — management decision was due January 13, 2021.
FAC accepted this audit on July 1, 2019 — management decision was due January 1, 2020.
FAC accepted this audit on June 21, 2018 — management decision was due December 21, 2018.
FAC accepted this audit on July 10, 2017 — management decision was due January 10, 2018.
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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