Habitat for Humanity in the Roanoke Valley, Inc.

EIN: 541375465

UEI: FGNSCUVGTCW5

Data as of August 21, 2026

Habitat for Humanity in the Roanoke Valley, Inc.9 audit years4 findings2 repeat
9
Audit Years
4
Total Findings
2
Repeat Findings

FY 2025-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 31, 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 October 1, 2026 (40 days from today).

What is a management decision? →
2025-001
Other
MATERIAL WEAKNESSREPEAT

Finding No. 2025-001: Internal control related matters related to store inventory tracking. The Habitat ReStore maintains considerable amounts of purchased and donated materials and supplies for sale to the public, for which inventory is not tracked or counted. The lack of tracking of store inventory increases the possibility of theft occurring and going unnoticed. While store inventory is not recorded on the financial statements, theft could affect store revenue in amounts material to the financial statements. This is a repeat finding as management believes, given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation. Recommendation: We recommend store inventory item counts be taken periodically. The tracking of store inventory items could provide indications of potential theft occurring. In addition, the tracking of store inventory could provide management with information on what items are sold more frequently and should be sought out for donations as well as identify slow moving or obsolete items that should be sold at deeper discounts or discarded. Management Response: Habitat for Humanity in the Roanoke Valley, Inc. concurs with this finding as stated. As in previous years, management believes given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation.

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Full finding narrative

Finding No. 2025-001: Internal control related matters related to store inventory tracking. The Habitat ReStore maintains considerable amounts of purchased and donated materials and supplies for sale to the public, for which inventory is not tracked or counted. The lack of tracking of store inventory increases the possibility of theft occurring and going unnoticed. While store inventory is not recorded on the financial statements, theft could affect store revenue in amounts material to the financial statements. This is a repeat finding as management believes, given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation. Recommendation: We recommend store inventory item counts be taken periodically. The tracking of store inventory items could provide indications of potential theft occurring. In addition, the tracking of store inventory could provide management with information on what items are sold more frequently and should be sought out for donations as well as identify slow moving or obsolete items that should be sold at deeper discounts or discarded. Management Response: Habitat for Humanity in the Roanoke Valley, Inc. concurs with this finding as stated. As in previous years, management believes given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation.

Corrective Action Plan

Habitat for Humanity in the Roanoke Valley, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2025. Foti, Flynn, Lowen & Co., Roanoke, Virginia Audit period: Year ending June 30, 2025 The findings from the June 30, 2025 Schedule of Findings and Questioned Costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS – FINANCIAL STATEMENT AUDIT - Material Weaknesses Finding No. 2025-001: The Habitat ReStore does not have a formal inventory tracking system or conduct periodic counts of inventory. Recommendation: The Habitat ReStore should implement an inventory tracking system or conduct periodic physical inventory counts. Action Taken: Habitat for Humanity in the Roanoke Valley, Inc. believes, given the nature of the

Prior Finding References

2024-001

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FY 2024-06-30

FAC accepted this audit on March 25, 2025 — management decision was due September 25, 2025.

2024-001
Other
MATERIAL WEAKNESSREPEAT

Internal control related matters related to store inventory tracking. The Habitat ReStore maintains considerable amounts of purchased and donated materials and supplies for sale to the public, for which inventory is not tracked or counted. The lack of tracking of store inventory increases the possibility of theft occurring and going unnoticed. While store inventory is not recorded on the financial statements, theft could affect store revenue in amounts material to the financial statements. This is a repeat finding as management believes, given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation. Recommendation: We recommend store inventory item counts be taken periodically. The tracking of store inventory items could provide indications of potential theft occurring. In addition, the tracking of store inventory could provide management with information on what items are sold more frequently and should be sought out for donations as well as identify slow moving or obsolete items that should be sold at deeper discounts or discarded. Management Response: Habitat for Humanity in the Roanoke Valley, Inc. concurs with this finding as stated. As in previous years, management believes given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation. Habitat for Humanity International, Inc.’s policy is to not track and record store inventory.

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Full finding narrative

Internal control related matters related to store inventory tracking. The Habitat ReStore maintains considerable amounts of purchased and donated materials and supplies for sale to the public, for which inventory is not tracked or counted. The lack of tracking of store inventory increases the possibility of theft occurring and going unnoticed. While store inventory is not recorded on the financial statements, theft could affect store revenue in amounts material to the financial statements. This is a repeat finding as management believes, given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation. Recommendation: We recommend store inventory item counts be taken periodically. The tracking of store inventory items could provide indications of potential theft occurring. In addition, the tracking of store inventory could provide management with information on what items are sold more frequently and should be sought out for donations as well as identify slow moving or obsolete items that should be sold at deeper discounts or discarded. Management Response: Habitat for Humanity in the Roanoke Valley, Inc. concurs with this finding as stated. As in previous years, management believes given the nature of the store inventory items, costs exceed the benefits derived from implementing the recommendation. Habitat for Humanity International, Inc.’s policy is to not track and record store inventory.

Corrective Action Plan

The Habitat ReStore does not have a formal inventory tracking system or conduct periodic counts of inventory. Recommendation: The Habitat ReStore should implement an inventory tracking system or conduct periodic physical inventory counts. Action Taken: Habitat for Humanity in the Roanoke Valley, Inc. believes, given the nature of the inventory items, costs exceed the benefits that could be derived by implementing the recommendation. Additionally, Habitat for Humanity International Inc. recommends to not track or count inventory due to cost-benefit reasons.

Prior Finding References

2023-001

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FY 2023-06-30

FAC accepted this audit on February 12, 2024 — management decision was due August 12, 2024.

2023-001
Other
MATERIAL WEAKNESS

Finding No. 2023-001: Internal control related matters related to inventory tracking. The Habitat ReStore maintains considerable amounts of purchased and donated materials and supplies for sale to the public, for which inventory is not tracked or counted. The lack of tracking of inventory increases the possibility of theft occurring and going unnoticed. While inventory is not recorded on the financial statements, theft could affect store revenue in amounts material to the financial statements. This is a repeat finding as management believes, given the nature of the inventory items, costs exceed the benefits derived from implementing the recommendation. Recommendation: We recommend inventory item counts be taken periodically. The tracking of inventory items could provide indications of potential theft occurring. In addition, the tracking of inventory could provide management with information on what items are sold more frequently and should be sought out for donations as well as identify slow moving or obsolete items that should be sold at deeper discounts or discarded. Management Response: The Organization concurs with this finding as stated. As in previous years, management believes given the nature of the inventory items, costs exceed the benefits derived from implementing the recommendation. This is also the recommendation from Habitat for Humanity International, Inc.

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Full finding narrative

Finding No. 2023-001: Internal control related matters related to inventory tracking. The Habitat ReStore maintains considerable amounts of purchased and donated materials and supplies for sale to the public, for which inventory is not tracked or counted. The lack of tracking of inventory increases the possibility of theft occurring and going unnoticed. While inventory is not recorded on the financial statements, theft could affect store revenue in amounts material to the financial statements. This is a repeat finding as management believes, given the nature of the inventory items, costs exceed the benefits derived from implementing the recommendation. Recommendation: We recommend inventory item counts be taken periodically. The tracking of inventory items could provide indications of potential theft occurring. In addition, the tracking of inventory could provide management with information on what items are sold more frequently and should be sought out for donations as well as identify slow moving or obsolete items that should be sold at deeper discounts or discarded. Management Response: The Organization concurs with this finding as stated. As in previous years, management believes given the nature of the inventory items, costs exceed the benefits derived from implementing the recommendation. This is also the recommendation from Habitat for Humanity International, Inc.

Corrective Action Plan

Finding No. 2023-001: The Habitat ReStore does not have a formal inventory tracking system or conduct periodic counts of inventory. Recommendation: The Habitat ReStore should implement an inventory tracking system or conduct periodic physical inventory counts. Action Taken: The Organization believes, given the nature of the inventory items, costs exceed the benefits that could be derived by implementing the recommendation. Additionally, Habitat for Humanity International Inc. does not recommend tracking or counting inventory due to cost-benefit reasons.

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FY 2019-06-30

FAC accepted this audit on February 9, 2020 — management decision was due August 9, 2020.

2019-002
Other

U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SIGNIFICANT DEFICIENCY: Finding No. 2019-002: Compliance related matter related to the submission of the data collection form. The data collection form is required to be submitted by the earlier of 30 days from the audit report or 9 months after the fiscal year end. Habitat?s data collection form for the fiscal year ended June 30, 2018 was not submitted within this time window. Not submitting the data collection form in a timely manner could affect Habitat?s eligibility for future grants. The submission was completed on October 30, 2019. Recommendation: We recommend management set deadline reminders to ensure the data collection form is submitted by the deadlines in the future. Management Response: The Organization concurs with this finding as stated. Management completed the submission of the audit for the fiscal year ended June 30, 2018 on October 30, 2019.

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Full finding narrative

U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SIGNIFICANT DEFICIENCY: Finding No. 2019-002: Compliance related matter related to the submission of the data collection form. The data collection form is required to be submitted by the earlier of 30 days from the audit report or 9 months after the fiscal year end. Habitat?s data collection form for the fiscal year ended June 30, 2018 was not submitted within this time window. Not submitting the data collection form in a timely manner could affect Habitat?s eligibility for future grants. The submission was completed on October 30, 2019. Recommendation: We recommend management set deadline reminders to ensure the data collection form is submitted by the deadlines in the future. Management Response: The Organization concurs with this finding as stated. Management completed the submission of the audit for the fiscal year ended June 30, 2018 on October 30, 2019.

Corrective Action Plan

FINDINGS ? FEDERAL AWARD PROGRAMS AUDITS ? Significant Deficiency Finding No. 2019-002: The data collection form for the June 30, 2018 audit was not submitted to the Federal Audit Clearinghouse in a timely manner. Recommendation: Habitat should set deadline reminders to ensure the data collection form is submitted by the required deadline. Action Taken: The data collection form was submitted on October 30, 2019.

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