EIN: 431843831
UEI: GSA_MIGRATION
Audited by: WELCH & ASSOCIATES, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 7, 2020. 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 March 7, 2021 (2007 days ago).
What is a management decision? →Finding Reference Number 2019-001 Program Information Federal Program: HOME Investment Partnerships Program Federal Agency: Department of Housing and Urban Development Pass-through Entity: City of Kansas City, Missouri CFDA # 14.239 Federal Award Year: 2019 Type of Federal Awards Finding: N ? Special Tests and Provisions Type of Financial Statement Finding: Internal Control Criteria The Organization?s books and records are not maintained in accordance with generally accepted accounting principles. Condition/Context Several material transactions have not been booked properly or were not recorded in the unaudited financial statements of the Organization. Such as: ? The sale of two homes were not recorded ? Conversion of debt to grant was not recorded ? Development costs incurred were recorded as a reduction of debt ? An erroneous $1,017,000 journal entry was recorded ? Several statement of financial position accounts on 01/01/2019 were not the same as 12/31/2018 Cause and effect or potential effect The Organization lacked consistent accounting support to ensure that the books and records were kept accurately and completely. On the unaudited financial statements: ? The net effect of the errors resulted in the need to make approximately $3,500,000 in audit adjustments for the financial statements to be fairly stated Questioned Costs None Repeat Finding Yes Recommendation Management should implement policies and procedures to ensure that its books and records are maintained in accordance with generally accepted accounting principles. Views of Responsible Officials The Organization agreed with our recommendation and will make sure that monthly financial statements are prepared accurately and correctly.
Show full finding ▾Hide full finding ▴Finding Reference Number 2019-001 Program Information Federal Program: HOME Investment Partnerships Program Federal Agency: Department of Housing and Urban Development Pass-through Entity: City of Kansas City, Missouri CFDA # 14.239 Federal Award Year: 2019 Type of Federal Awards Finding: N ? Special Tests and Provisions Type of Financial Statement Finding: Internal Control Criteria The Organization?s books and records are not maintained in accordance with generally accepted accounting principles. Condition/Context Several material transactions have not been booked properly or were not recorded in the unaudited financial statements of the Organization. Such as: ? The sale of two homes were not recorded ? Conversion of debt to grant was not recorded ? Development costs incurred were recorded as a reduction of debt ? An erroneous $1,017,000 journal entry was recorded ? Several statement of financial position accounts on 01/01/2019 were not the same as 12/31/2018 Cause and effect or potential effect The Organization lacked consistent accounting support to ensure that the books and records were kept accurately and completely. On the unaudited financial statements: ? The net effect of the errors resulted in the need to make approximately $3,500,000 in audit adjustments for the financial statements to be fairly stated Questioned Costs None Repeat Finding Yes Recommendation Management should implement policies and procedures to ensure that its books and records are maintained in accordance with generally accepted accounting principles. Views of Responsible Officials The Organization agreed with our recommendation and will make sure that monthly financial statements are prepared accurately and correctly.
CORRECTIVE ACTION PLAN FOR THE YEAR ENDED DECEMBER 31, 2019 Name of Auditee: Ivanhoe Neighborhood Council, Inc. Name of Audit Firm: Welch & Associates, LLC Period Covered by Audit: Year Ended December 31, 2019 Corrective Action Plan Prepared by: Name: Dr. Karen Boyd Position: Executive Director Telephone Number: 816-921-6611 Findings-Financial Statement Audit Yes Findings-Federal Award Program Audit Federal Agency: Department of Housing and Urban Development Major Program: HOME Investment Partnerships Program CFDA Number: 14.239 Finding 2019-001 Comments on Findings and Each Recommendation Management agrees with the auditors? finding and recommendation. Action(s) Taken or Planned on the Finding Management will implement policies and procedures to ensure that accounting records are kept accurate and complete as per the requirement of their contract agreement and a responsible official will review and sign off on the monthly financial statements. We will retain the services of an experienced CPA with the expertise in bookkeeping and accounting practices consistent with the operation and programming complexities of our Organization.
2018-001
Finding Reference Number 2019-002 Program Information Federal Program: HOME Investment Partnerships Program Federal Agency: Department of Housing and Urban Development Pass-through Entity: City of Kansas City, Missouri CFDA # 14.239 Federal Award Year: 2019 Type of Federal Awards Finding: E ? Eligibility Type of Financial Statement Finding: None Criteria Per the Neighborhood Stabilization Program Owner/Developer/Sponsor Housing Program Rental Development Agreement (the Agreement) Between Neighborhoods and Housing Services Department (the City) and Ivanhoe Neighborhood Council (the Organization), the Organization should determine each prospective homeowners? eligibility to purchase a home constructed under the terms of this Agreement. Condition/Context During our audit of the Organization?s fiscal year ended December 31, 2019 financial statements, we noted that the Organization sold two homes that were constructed under the Agreement. We noted that Organization did not perform income eligibility verification for the homes sold as required by the Agreement. Cause and effect or potential effect The Organization relied on City personnel to determine income eligibility for potential homeowners. We obtained documentation from the City and noted that the two homeowners satisfied income eligibility requirements. Questioned costs None Repeat Finding Yes Recommendation Management should establish a process to monitor, review, and properly document necessary activities during the homebuyer process to ensure compliance requirements regarding income eligibility are met. Views of responsible officials Management agrees with our recommendation and will establish a process to monitor, review, and properly document necessary activities during the homebuyer process to ensure compliance requirements under eligibility are met.
Show full finding ▾Hide full finding ▴Finding Reference Number 2019-002 Program Information Federal Program: HOME Investment Partnerships Program Federal Agency: Department of Housing and Urban Development Pass-through Entity: City of Kansas City, Missouri CFDA # 14.239 Federal Award Year: 2019 Type of Federal Awards Finding: E ? Eligibility Type of Financial Statement Finding: None Criteria Per the Neighborhood Stabilization Program Owner/Developer/Sponsor Housing Program Rental Development Agreement (the Agreement) Between Neighborhoods and Housing Services Department (the City) and Ivanhoe Neighborhood Council (the Organization), the Organization should determine each prospective homeowners? eligibility to purchase a home constructed under the terms of this Agreement. Condition/Context During our audit of the Organization?s fiscal year ended December 31, 2019 financial statements, we noted that the Organization sold two homes that were constructed under the Agreement. We noted that Organization did not perform income eligibility verification for the homes sold as required by the Agreement. Cause and effect or potential effect The Organization relied on City personnel to determine income eligibility for potential homeowners. We obtained documentation from the City and noted that the two homeowners satisfied income eligibility requirements. Questioned costs None Repeat Finding Yes Recommendation Management should establish a process to monitor, review, and properly document necessary activities during the homebuyer process to ensure compliance requirements regarding income eligibility are met. Views of responsible officials Management agrees with our recommendation and will establish a process to monitor, review, and properly document necessary activities during the homebuyer process to ensure compliance requirements under eligibility are met.
CORRECTIVE ACTION PLAN FOR THE YEAR ENDED DECEMBER 31, 2019 Name of Auditee: Ivanhoe Neighborhood Council, Inc. Name of Audit Firm: Welch & Associates, LLC Period Covered by Audit: Year Ended December 31, 2019 Corrective Action Plan Prepared by: Name: Dr. Karen Boyd Position: Executive Director Telephone Number: 816-921-6611 Findings-Financial Statement Audit None Findings-Federal Award Program Audit Federal Agency: Department of Housing and Urban Development Major Program: HOME Investment Partnerships Program CFDA Number: 14.239 Finding 2019-002 Comments on Findings and Each Recommendation Management agrees with the auditors? finding and recommendation. Action(s) Taken or Planned on the Finding Management will establish a process to monitor, review, and properly document necessary activities during the homebuyer process to ensure compliance requirements under eligibility and special tests and provisions are met. In conjunction with the actions to be taken with respect to Finding 2019-001, the Organization?s CPA will work with our Chief Real Estate Development officer to establish the referenced process for future homebuyer eligibility consistent with regulatory requirements.
2018-002
FAC accepted this audit on November 17, 2019 — management decision was due May 17, 2020.
GSA_MIGRATION
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GSA_MIGRATION
GSA_MIGRATION
Show full finding ▾Hide full finding ▴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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