EIN: 850338552
UEI: VLPNHDWPAGH3
Data as of August 23, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 27, 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 June 27, 2025 (422 days ago).
What is a management decision? →The Organization’s single audit reporting package was not submitted to the Federal Audit Clearinghouse within nine months after the end of the audit period as required by 2 CFR Section 200.50© which is a reporting requirement. The Organization experienced significant turnover during this fiscal year, and it resulted in both operations and closing of the previous fiscal year to be delayed. It was recommeded that the Organization should work to catch up the closing process in order to ensure that the next year’s audit is performed in a timely manner to be submitted by the federal clearing house due date. The Agency’s response is as follows, Hopeworks has always filed its single audit upon completion of the financial and compliance audit and this filing is dependent on the accurate completion of all closing of all audit activities and the issuance of financials. In the period subsequent to June 30, 2023, Hopeworks has experienced turnover in the Chief Executive Officer and the Chief Financial officer posiotns which led to an extended audit period. Additionally, the consolidation of Hope Village to the financial statements for the year ending June 30, 2023 was not initially planned for and led to difficulties in completing all necessary audit procedures. The records for Hope Village necessary to provide support for audit balances and transactions were in the custody of a Fiscal Administrator and kept on a calendar year basis. There was some difficulty is securing information from the Fiscal Administrator as there was a learning curve for this first reporting of Hope Village balances and transaction for the last six months of the year under audit.
Show full finding ▾Hide full finding ▴The Organization’s single audit reporting package was not submitted to the Federal Audit Clearinghouse within nine months after the end of the audit period as required by 2 CFR Section 200.50© which is a reporting requirement. The Organization experienced significant turnover during this fiscal year, and it resulted in both operations and closing of the previous fiscal year to be delayed. It was recommeded that the Organization should work to catch up the closing process in order to ensure that the next year’s audit is performed in a timely manner to be submitted by the federal clearing house due date. The Agency’s response is as follows, Hopeworks has always filed its single audit upon completion of the financial and compliance audit and this filing is dependent on the accurate completion of all closing of all audit activities and the issuance of financials. In the period subsequent to June 30, 2023, Hopeworks has experienced turnover in the Chief Executive Officer and the Chief Financial officer posiotns which led to an extended audit period. Additionally, the consolidation of Hope Village to the financial statements for the year ending June 30, 2023 was not initially planned for and led to difficulties in completing all necessary audit procedures. The records for Hope Village necessary to provide support for audit balances and transactions were in the custody of a Fiscal Administrator and kept on a calendar year basis. There was some difficulty is securing information from the Fiscal Administrator as there was a learning curve for this first reporting of Hope Village balances and transaction for the last six months of the year under audit.
We are to fully staff all financial positions prior to the audit field work. A year-end audit closing checklist will be developed for year-end accuracy and completeness of financial activity for compliance. This closing checklist is to be completed and provided to the Board of Directors detailing restricted balances and reconcilation documentation. This includes all material balance sheet accounts and statements of activity balances with a comprehensive focus on progran billing, program expenses.
2021-002
The Organization’s fiscal year ended June 30, 2024, single audit reporting package was not submitted to the Federal Audit Clearinghouse within nine months after the end of the audit period as required by 2 CFR Section 200.50(c). Criteria: The Uniform Guidance requires that the Single Audit reporting package be submitted within nine months after the end of the audit period. Effect: The Organization is not in compliance with reporting requirements of the Uniform Guidance. Questioned Costs: None Cause: The Organization experienced significant turnover during this fiscal year, and it resulted in both operations and closing of the previous fiscal year to be delayed which made everything late. Auditors’ Recommendation: We recommend that the Organization should work to catch up the closing process in order to ensure that the next year’s audit is performed timely in order for the next year’s audit reporting package to be submitted by the federal clearing house due date. Agency’s Response: HopeWorks has always filed its single audit upon completion of the financial and compliance audit and this filing is dependent on accurate complete closing of all audit activities and issuance of financials. In the period subsequent to June 30, 2024, HopeWorks had experienced turnover in the executive director and the chief financial officer which has led to an extended audit period. Additionally, the consolidation of Hope Village to the financial statements for the year ending June 30, 2024, were in the custody of a fiscal administrator and kept on a calendar year basis. There was some difficulty in securing information from the fiscal administrator.
Show full finding ▾Hide full finding ▴Federal program information: Funding agency: All Programs Title: A All Programs Federal Assistance Listing Number: All Programs Compliance Requirement Reporting Award Period: July 1, 2023 to June 30, 2024 Condition: The Organization’s fiscal year ended June 30, 2024, single audit reporting package was not submitted to the Federal Audit Clearinghouse within nine months after the end of the audit period as required by 2 CFR Section 200.50(c). Criteria: The Uniform Guidance requires that the Single Audit reporting package be submitted within nine months after the end of the audit period. Effect: The Organization is not in compliance with reporting requirements of the Uniform Guidance. Questioned Costs: None Cause: The Organization experienced significant turnover during this fiscal year, and it resulted in both operations and closing of the previous fiscal year to be delayed which made everything late. Auditors’ Recommendation: We recommend that the Organization should work to catch up the closing process in order to ensure that the next year’s audit is performed timely in order for the next year’s audit reporting package to be submitted by the federal clearing house due date. Agency’s Response: HopeWorks has always filed its single audit upon completion of the financial and compliance audit and this filing is dependent on accurate complete closing of all audit activities and issuance of financials. In the period subsequent to June 30, 2024, HopeWorks had experienced turnover in the executive director and the chief financial officer which has led to an extended audit period. Additionally, the consolidation of Hope Village to the financial statements for the year ending June 30, 2024, were in the custody of a fiscal administrator and kept on a calendar year basis. There was some difficulty in securing information from the fiscal administrator.
We plan to perform a monthly reconciliation of AP/AR Ledgers with supporting documents that will improve the accuracy and timelines of AP/AR entries and strengthen our internal controls. We will institute a plan going forward to review the final pay period of the fiscal year to identify the hours worked but unpaid which we will then debit payroll expense and credit accrued payroll liability. We will then reverse this entry in the new year once payroll is paid. As payroll is outsourced, we are reliant on the PEO to reconcile the state withholding noted in the payroll system to the amounts remitted to the State as well as those submitted to the Federal Government i.e., 941’s. We plan to reconcile all PTO bi-weekly to coincide with our payroll schedule going forward. We have instituted a spreadsheet to track all donations going forward on a daily basis, all donations of $5,000 or more will include the street address. All adjusting entries that are initiated by the Controller will be reviewed by the Finance Director before being posted. We will be receiving materials which will include bank reconciliation training so as to ensure that the main operating account is reconciled on a monthly basis and that it is completed on a timely basis. It is our intent once the internal training process is completed that the financial close-out will be done in a timely manner. We plan to spend down all grant monies so as to avoid having to absorb these costs by tracking them on the contract checklist and notifying the parties responsible of the remaining monies so as to avoid any unspent amounts and thereby avoiding any reallocation of funds going forward. All Medicaid revenues will be noted on the contract checklist on a monthly basis and the actual Medicaid deposits will be pulled from the bank statements on a monthly basis as well. All grant monies reimbursements submitted in the fiscal year and reimbursed after the year has closed will be noted in the actual year that the request was made for reimbursement as receivables.
2023-005
FAC accepted this audit on March 30, 2023 — management decision was due September 30, 2023.
During our audit, we noted that Hopeworks only matched 18.48% of the total applicable expenses for the year which was less than the required 25%. Criteria: Hopeworks must match all applicable grant funds, with no less than 25 percent of cash or in-kind contributions from other sources (24 CFR section 578.73(a)). Effect: Hopeworks under matched the required amount for the Continuum of Care program. Questioned Costs: None Cause: HopeWorks has not established a sufficient system of internal control to ensure that they were in compliance with the required match for the fiscal year. Auditors? Recommendation: We recommend that Hopeworks establish a system of internal controls to ensure that they provide at least 25% of both cash and in-kind contributions for all applicable programs under the Continuum of Care program. Management's Response: Hopeworks will implement a quarterly tracking system to ensure the grants achieve the 25% matching requirement. On a quarterly basis the Jessica Delgado the Quality and Compliance Officer will send the Finance Department a listing of applicable expenses incurred to date. The Finance Department will review these costs to the Medicaid billings to ensure the 25% match is being met. In the event of a shortfall Finance will coordinate with Quality and Compliance to adjust spending and/or Medicaid billings to bring the matching contribution into alignment with the grant's requirements.
Show full finding ▾Hide full finding ▴2022-003 ? Compliance over Matching ? (Significant Deficiency) Federal Program Information: Funding Agency: Housing and Urban Development Title: Continuum of Care CFDA Number: 14.267 Compliance Requirement: Matching Award Year: July 1, 2021 to June 30, 2022 Condition: During our audit, we noted that Hopeworks only matched 18.48% of the total applicable expenses for the year which was less than the required 25%. Criteria: Hopeworks must match all applicable grant funds, with no less than 25 percent of cash or in-kind contributions from other sources (24 CFR section 578.73(a)). Effect: Hopeworks under matched the required amount for the Continuum of Care program. Questioned Costs: None Cause: HopeWorks has not established a sufficient system of internal control to ensure that they were in compliance with the required match for the fiscal year. Auditors? Recommendation: We recommend that Hopeworks establish a system of internal controls to ensure that they provide at least 25% of both cash and in-kind contributions for all applicable programs under the Continuum of Care program. Management's Response: Hopeworks will implement a quarterly tracking system to ensure the grants achieve the 25% matching requirement. On a quarterly basis the Jessica Delgado the Quality and Compliance Officer will send the Finance Department a listing of applicable expenses incurred to date. The Finance Department will review these costs to the Medicaid billings to ensure the 25% match is being met. In the event of a shortfall Finance will coordinate with Quality and Compliance to adjust spending and/or Medicaid billings to bring the matching contribution into alignment with the grant's requirements.
Management's Response: Hopeworks will implement a quarterly tracking system to ensure the grants achieve the 25% matching requirement. On a quarterly basis the Jessica Delgado the Quality and Compliance Officer will send the Finance Department a listing of applicable expenses incurred to date. The Finance Department will review these costs to the Medicaid billings to ensure the 25% match is being met. In the event of a shortfall Finance will coordinate with Quality and Compliance to adjust spending and/or Medicaid billings to bring the matching contribution into alignment with the grant's requirements.
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