GIBBSTOWN VOA ELDERLY HOUSING, INC (HOMESTEAD AT HARMONY)

EIN: 721413575

UEI: K68HMKJJNGA7

Data as of August 25, 2026

GIBBSTOWN VOA ELDERLY HOUSING, INC (HOMESTEAD AT HARMONY)10 audit years3 findings
10
Audit Years
3
Total Findings
0
Repeat Findings

FY 2024-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 16, 2024. 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 April 16, 2025 (497 days ago).

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2024-001
Cash Management

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $3,400.

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REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $3,400.

Corrective Action Plan

Management agrees with the finding. The replacement reserve deficiency was funded July 19, 2024, in the amount of $3,400. Management will ensure the replacement reserve deposits are made on a timely basis in the future.

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FY 2020-06-30

FAC accepted this audit on November 8, 2020 — management decision was due May 8, 2021.

2020-001
Cash Management

Surplus cash was not deposited into the Residual Receipts account within 90 days. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The deposit was not made timely. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The residual receipts account deficiency was funded on April 27, 2020 in the amount of $26,933. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account within 90 days. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on April 27, 2020 in the amount of $26,933. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: April 27, 2020 Response: Management agrees with the finding. The residual receipts account deficiency was funded on April 27, 2020 in the amount of $29,633. Management will ensure that the residual receipts account is properly funded in the future.

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Full finding narrative

Finding Reference Number: 2020-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: The regulatory agreement requires the project to deposit ?surplus cash? into a Residual Receipts account with 90 days after the end of the fiscal year. Statement of Condition: Surplus cash was not deposited into the Residual Receipts account within 90 days. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The deposit was not made timely. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The residual receipts account deficiency was funded on April 27, 2020 in the amount of $26,933. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account within 90 days. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on April 27, 2020 in the amount of $26,933. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: April 27, 2020 Response: Management agrees with the finding. The residual receipts account deficiency was funded on April 27, 2020 in the amount of $29,633. Management will ensure that the residual receipts account is properly funded in the future.

Corrective Action Plan

Finding Reference Number: 2020-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The residual receipts account deficiency was funded on April 27, 2020 in the amount of $26,933. Management will ensure that the residual receipts account is properly funded in the future. Completion Date: April 27, 2020

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FY 2016-06-30

FAC accepted this audit on November 20, 2016 — management decision was due May 20, 2017.

2016-001
Cash Management

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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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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