St. Matthew Manor - West, Inc.

Finding reference number: 2023-001 Assistance Listing (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 Auditor non-compliance code: H – Unauthorized distribution of project assets Finding resolution status: Resolved Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: Not applicable Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $695 Statement of condition 2023-001: During the year ended September 30, 2023, the Project paid expenses totaling $695 on behalf of an entity under common management without HUD approval. Criteria: Pursuant to the Regulatory Agreement (form HUD-92466), the Project shall only withdrawal Project funds for expenses of the Project unless approved by HUD. Effect: Management paid invoices relating to another project in the amount of $695, which exceeded surplus cash by $695. At September 30, 2023, the Project's operating cash account is understated by $695. Cause: Management inadvertently paid invoices relating to another project with a similar name. Recommendation: Management should have the other project reimburse $695. Management's response: Management concurs with the finding and recommendation. On December 18, 2023, the finding was cleared as $695 was repaid to the Project.