CHENEY CARE COMMUNITY

S3800-010 Finding Reference Number – 2025-001 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Financial Statement and Federal Award Finding Material weakness in internal control over financial reporting Material weakness in internal control over compliance S3800-016 Finding Resolution Status – In progress S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – 2024-001 S3800-020 Criteria – Cheney Care Community is responsible for establishing and maintaining a system of internal controls, including monitoring, and the internal controls should be in place to provide reasonable assurance that financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Per Section 9(d) of the regulatory agreement, the Borrower shall keep the books and accounts of the operations of the mortgaged property and of the project in accordance with the requirements of the Secretary. S3800-030 Statement of Condition – During our audit, we noted that the Organization had not properly accounted for a number of transactions, resulting in material audit adjustments recorded. S3800-032 Cause – As of and during the year ended September 30, 2025, Cheney Care Community did not properly record certain transactions, resulting in the accounts being misstated throughout the reporting period. S3800-033 Effect or Potential Effect – Without the recorded material audit adjustments, the financial statements would be materially misstated. Inaccurate reporting to HUD could adversely affect Cheney Care Community’s funding. S3800-035 Auditor Non-Compliance Code – S (Internal Controls) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations will be implemented. S3800-050 Context – While performing audit procedures, there were several instances where reported balances did not meet audit expectations or reconcile to underlying supporting documents or subsidiary ledgers. This resulted in a number of material adjusting entries proposed as part of the audit process. S3800-080 Recommendation – We recommend management of Cheney Care Community review their internal controls over the financial reporting and close processes to determine whether additional controls over the preparation of the final trial balances and related schedules can be implemented to provide reasonable assurance that financial statements are prepared in accordance with U.S. GAAP. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – Cheney Care Community will review their internal controls over the financial reporting and close processes to determine whether additional controls need to be implemented going forward. S3800-130 Response Indicator – Agree S3800-140 Completion Date – September 30, 2026 S3800-150 Response – Cheney Care Community will review their internal controls over the financial reporting and close processes to determine whether additional controls need to be implemented going forward. S3800-160 Contact Person First Name – John S3800-180 Contact Person Last Name – Gannon

S3800-010 Finding Reference Number – 2025-002 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Federal Award Finding; Other Matters S3800-016 Finding Resolution Status – In Progress S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Per the regulatory agreement Section 9(e), annual financial statements shall be submitted to HUD within 60 days of the end of the year. This requirement was extended to within 90 days of the end of the year by HUD. S3800-030 Statement of Condition – Cheney Care Community did not meet the HUD financial statement filing requirements during the year ended September 30, 2025, for the submission of the 2024 audit. As a not-for-profit organization, Uniform Guidance allows the earlier of 9-months after fiscal year end or 30-days after the report is issued to submit. The audit was submitted within the Uniform Guidance requirements. S3800-032 Cause – Additional time was required to obtain certain information to complete the financial statement audit. Cheney Care Community was not able to meet the HUD financial statement filing deadline during the year ended September 30, 2025, for the submission of the 2024 audit. S3800-033 Effect or Potential Effect – HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for noncompliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code – Z (Other) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations will be implemented. S3800-080 Recommendation – We recommend management of Cheney Care Community implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – On February 8, 2025, the audit was submitted to HUD through REAC. The Executive Director/Administrator and Accountant will review the process and procedures in place for the audit, and implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement going forward. S3800-130 Response Indicator – Agree S3800-140 Completion Date – December 31, 2026 S3800-150 Response – On February 8, 2025, the audit was submitted to HUD through REAC. The Executive Director/Administrator and Accountant will review the process and procedures in place for the audit, and implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement going forward.

S3800-010 Finding Reference Number – 2025-003 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Federal Award Finding; Other Matters S3800-016 Finding Resolution Status – Resolved S3800-017 Information on Universe Population Size The total population was all disbursements from the bank accounts, 1,166 checks or transfers totaling $9,963,223. S3800-018 Sample Size Information The sample size was 59 disbursements totaling $421,877. Errors were found on 2 out of the 59 disbursements tested totaling $2,071. S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Per 2 CFR sections 200.302 and 200.303 of the Uniform Guidance, an entity must establish and maintain effective internal control over the federal awards that provide reasonable assurance that the non-federal entity is managing the federal award in compliance with federal statutes, regulations and terms and conditions of the federal award. Allowable cost controls of Cheney Care Community require general ledger account coding to be written on each invoice to be reviewed by the Executive Director before the invoice is processed to be paid. S3800-030 Statement of Condition – During our audit, we noted two invoices whereby the amounts paid for by Cheney Care Community did not match the split by location on the campus or the invoice was not for the business purpose of Cheney Care Community. This resulted in Cheney Care Community paying for expenditures that were unrelated to the project. In addition, we noted one invoice where the invoice did not include the general ledger account coding. S3800-032 Cause – During the year ended September 30, 2025, there was turnover in the accounts payable position. As a result, errors were made during the cash disbursement process that were not caught by management’s review and monitoring procedures. S3800-033 Effect or Potential Effect – Failure to maintain effective internal controls over compliance with federal requirements increases the risk of unauthorized or unallowable transactions occurring. S3800-035 Auditor Non-Compliance Code – S (Internal Controls) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations will be implemented. S3800-050 Context – A sample of 59 checks totaling $421,877 was selected for audit from a population of 1,166 checks totaling $9,963,223. The test found 2 checks that were not in compliance with Cheney Care Community’s allowable cost controls totaling $2,071. Our sample was a statistically valid sample. S3800-080 Recommendation – We recommend the related parties reimburse Cheney Care Community for the expenditures paid on their behalf. In addition, we recommend management review the disbursements made during the periods of turnover to confirm there were no other unallowable payments made. We also recommend management of Cheney Care Community review their internal controls over the cash disbursement process with the necessary individuals involved in the process to ensure the controls are consistently performed going forward. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations - The related parties reimbursed Cheney Care Community for the expenditures paid on their behalf. Since the new accounts payable clerk started in the Summer of 2025, they have been reviewing all of the supporting documentation for disbursements made during the period of turnover, and accumulating any additional corrections that need to be made. They will continue this process for all disbursements from the period of turnover. The Executive Director/Administrator and Accountant will review the process and procedures in place with the new accounts payable clerk, and implement controls to ensure the appropriate facility and general ledger account coding are made going forward. In addition, they will review the review and monitoring controls in place and revise as needed to ensure the proper checks are in place to catch errors. S3800-130 Response Indicator – Agree S3800-140 Completion Date – November 20, 2025 S3800-150 Response – The related parties reimbursed Cheney Care Community for the expenditures paid on their behalf. Since the new accounts payable clerk started in the Summer of 2025, they have been reviewing all of the supporting documentation for disbursements made during the period of turnover, and accumulating any additional corrections that need to be made. They will continue this process for all disbursements from the period of turnover. The Executive Director/Administrator and Accountant will review the process and procedures in place with the new accounts payable clerk, and implement controls to ensure the appropriate facility and general ledger account coding are made going forward. In addition, they will review the review and monitoring controls in place and revise as needed to ensure the proper checks are in place to catch errors.

S3800-010 Finding Reference Number – 2025-004 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Federal Award Finding; Other Matters S3800-016 Finding Resolution Status – Resolved S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Per the regulatory agreement Section 6(e), the Organization may not make any distribution of assets except surplus cash and except for conditions outlined in the agreement. S3800-030 Statement of Condition – During our audit, we noted Cheney Care Community advanced funds to a related party in the amount of $7,328. S3800-032 Cause – During the year ended September 30, 2025, the related party needed funds to meet operating expenditures. S3800-033 Effect or Potential Effect – The Organization has less funds available for operations. S3800-035 Auditor Non-Compliance Code – G (Unauthorized loans from project funds) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $7,328 S3800-040 Questioned Costs – $7,328 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations will be implemented. S3800-050 Context – During the year ended September 30, 2025, Cheney Care Community transferred funds to Sessions Village 202, a related party through common board of directors and another HUD project, to cover operating obligations. S3800-080 Recommendation – We recommend the related party reimburse Cheney Care Community. We also recommend management of Cheney Care Community review their internal controls over the cash disbursement process with the necessary individuals involved in the process to ensure disbursements are not made outside of HUD’s allowable regulations going forward. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations - The related party reimbursed Cheney Care Community. The Executive Director/Administrator and Accountant will review the process and procedures in place with the new accounts payable clerk, and implement controls to ensure HUD requirements are followed going forward. In addition, they will review the review and monitoring controls in place and revise as needed to ensure the proper checks are in place to catch errors. S3800-130 Response Indicator – Agree S3800-140 Completion Date – December 10, 2025 S3800-150 Response – The related party reimbursed Cheney Care Community. The Executive Director/Administrator and Accountant will review the process and procedures in place with the new accounts payable clerk, and implement controls to ensure HUD requirements are followed going forward. In addition, they will review the review and monitoring controls in place and revise as needed to ensure the proper checks are in place to catch errors.

S3800-010 Finding Reference Number – 2024-001 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Financial Statement and Federal Award Finding Material weakness in internal control over financial reporting Material weakness in internal control over compliance S3800-016 Finding Resolution Status – In progress S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – 2023-001 S3800-020 Criteria – Cheney Care Community is responsible for establishing and maintaining a system of internal controls, including monitoring, and the internal controls should be in place to provide reasonable assurance that financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Per Section 9(d) of the regulatory agreement, the Borrower shall keep the books and accounts of the operations of the mortgaged property and of the project in accordance with the requirements of the Secretary. S3800-030 Statement of Condition – During our audit, we noted that the Organization had not properly accounted for a number of transactions, resulting in material audit adjustments recorded. S3800-032 Cause – As of and during the year ended September 30, 2024, Cheney Care Community did not properly record certain transactions, resulting in the accounts being misstated throughout the reporting period. S3800-033 Effect or Potential Effect – Without the recorded material audit adjustments, the financial statements would be materially misstated. Inaccurate reporting to HUD could adversely affect Cheney Care Community’s funding. S3800-035 Auditor Non-Compliance Code – S (Internal Controls) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations will be implemented. S3800-050 Context – While performing audit procedures, there were several instances where reported balances did not meet audit expectations or reconcile to underlying supporting documents or subsidiary ledgers. Specifically, we noted the following: - Significant entries to accounts receivable, allowance for uncollectible accounts, allowance for credit losses, and the provision for bad debt and credit losses. - Significant entries to net asset activity and related party contributions. - Entries to accounts payable and related expenses. - Entries to related party receivables and management fee revenue. - Entries to fixed assets, accumulated depreciation and depreciation expense. S3800-080 Recommendation – We recommend management of Cheney Care Community review their internal controls over the financial reporting and close processes to determine whether additional controls over the preparation of the final trial balances and related schedules can be implemented to provide reasonable assurance that financial statements are prepared in accordance with U.S. GAAP. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – Cheney Care Community will review their internal controls over the financial reporting and close processes to determine whether additional controls need to be implemented going forward. S3800-130 Response Indicator – Agree S3800-140 Completion Date – September 30, 2025 S3800-150 Response – Cheney Care Community will review their internal controls over the financial reporting and close processes to determine whether additional controls need to be implemented going forward. S3800-160 Contact Person First Name – Ashley S3800-180 Contact Person Last Name – Healey

S3800-010 Finding Reference Number – 2024-002 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Federal Award Finding Other Matters S3800-016 Finding Resolution Status – Resolved S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Per the regulatory agreement Section 9(e), annual financial statements shall be submitted to HUD within 60 days of the end of the year. This requirement was extended to within 90 days of the end of the year by HUD S3800-030 Statement of Condition – Cheney Care Community did not meet the financial statement filing requirements for the year ended September 30, 2024. As a not-for-profit organization, Uniform Guidance allows the earlier of 9-months after fiscal year end or 30-days after the report is issued to submit. The audit was submitted within the Uniform Guidance requirements. S3800-032 Cause – Additional time was required to obtain certain information to complete the financial statement audit. S3800-033 Effect or Potential Effect – HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for noncompliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code – Z (Other) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations will be implemented. S3800-080 Recommendation – We recommend management of Cheney Care Community implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – On February 8, 2025, the audit was submitted to HUD through REAC. Cheney Care Community will review the process and procedures in place for the audit, and implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement going forward. S3800-130 Response Indicator – Agree S3800-140 Completion Date – February 8, 2025 S3800-150 Response – On February 8, 2025, the audit was submitted to HUD through REAC. Cheney Care Community will review the process and procedures in place for the audit, and implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement going forward.

S3800-010 Finding Reference Number – 2023-001 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Financial Statement and Federal Award Finding Material weakness in internal control over financial reporting Material weakness in internal control over compliance S3800-016 Finding Resolution Status – In progress S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Cheney Care Community is responsible for establishing and maintaining a system of internal controls, including monitoring, and the internal controls should be in place to provide reasonable assurance that financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Per Section 9(d) of the regulatory agreement, the Borrower shall keep the books and accounts of the operations of the mortgaged property and of the project in accordance with the requirements of the Secretary. S3800-030 Statement of Condition – During our audit, we noted that the Organization had not properly accounted for a number of transactions, resulting in material audit adjustments recorded. S3800-032 Cause – As of and during the year ended September 30, 2023, Cheney Care Community did not properly record certain transactions, resulting in the accounts being misstated throughout the reporting period. S3800-033 Effect or Potential Effect – Without the recorded material audit adjustments, the financial statements would be materially misstated. Inaccurate reporting to HUD could adversely affect Cheney Care Community’s funding. S3800-035 Auditor Non-Compliance Code – S (Internal Controls) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations will be implemented. S3800-050 Context – While performing audit procedures, there were several instances where reported balances did not meet audit expectations or reconcile to underlying supporting documents or subsidiary ledgers. Specifically, we noted the following: - Significant entries to accounts receivable, allowance for uncollectible accounts and bad debt expense. - Significant entries to related party receivable and elimination of intercompany transactions. - Significant entries to construction in progress and loss on disposal of fixed assets. - Significant entries to accrued expenses and related financial expenses. - Entries to accumulated depreciation and depreciation expense. - Entries to interest expense. S3800-080 Recommendation – We recommend management of Cheney Care Community review their internal controls over the financial reporting and close processes to determine whether additional controls over the preparation of the final trial balances and related schedules can be implemented to provide reasonable assurance that financial statements are prepared in accordance with U.S. GAAP. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – Cheney Care Community will review their internal controls over the financial reporting and close processes to determine whether additional controls need to be implemented going forward. S3800-130 Response Indicator – Agree S3800-140 Completion Date – September 30, 2024 S3800-150 Response – Cheney Care Community will review their internal controls over the financial reporting and close processes to determine whether additional controls need to be implemented going forward. S3800-160 Contact Person First Name – Ashley S3800-180 Contact Person Last Name – Healey

S3800-010 Finding Reference Number – 2023-002 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Federal Award Finding Other Matters S3800-016 Finding Resolution Status – In progress S3800-017 Information on Universe Population Size – 1,710 checks and bank transfers, all disbursements from bank accounts. S3800-018 Sample Size Information – Sample size was 49 disbursements. Errors were found on 2 out of the 49 disbursements tested. S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Per 2 CFR sections 200.302 and 200.303 of the Uniform Guidance, an entity must establish and maintain effective internal control over the federal awards that provide reasonable assurance that the non-federal entity is managing the federal award in compliance with federal statutes, regulations and terms and conditions of the federal award. Allowable cost controls of Cheney Care Community require general ledger account coding to be written on each invoice to be reviewed by the Executive Director before the invoice is processed to be paid. S3800-030 Statement of Condition – During our audit, we noted two invoices that did not include the general ledger account coding on the invoices, as required by Cheney Care Community’s allowable cost controls. The invoices were recorded to the proper general ledger accounts. S3800-032 Cause – Cheney Care Community did not follow their documented internal controls over financial reporting and allowable costs to ensure general ledger coding is included on each invoice for review and approval. S3800-033 Effect or Potential Effect – Failure to maintain effective internal controls over compliance with federal requirements increases the risk of unauthorized or unallowable transactions occurring. S3800-035 Auditor Non-Compliance Code – S (Internal Controls) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations have been implemented. S3800-050 Context – A sample of 49 checks totaling $206,327 was selected for audit from a population of 1,710 checks totaling $11,294,298. The test found two checks that were not in compliance with Cheney Care Community’s allowable cost controls totaling $93. The invoices were recorded to the proper general ledger accounts. Our sample was a statistically valid sample. S3800-080 Recommendation – We recommend management of Cheney Care Community review their internal controls over the cash disbursement process with the necessary individuals involved in the process to ensure the implementation of general ledger account coding on cash disbursements is consistently performed going forward. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – The Executive Director and A/P Clerk agreed upon using certain general ledger account codes consistently for similar purchases from the same vendor. In Cheney Care Community’s accounting system, these agreed upon general ledger account codes have been pre-set as a default for certain vendors. When invoices are received that should be appropriately coded to this default general ledger account code, errors of not documenting the general ledger account code on the invoice are periodically made. Cheney Care Community will consistently perform the general ledger account coding internal control procedures on invoices going forward. S3800-130 Response Indicator – Agree S3800-140 Completion Date – September 30, 2024 S3800-150 Response – Cheney Care Community will consistently perform the general ledger account coding internal control procedures on invoices going forward.

S3800-010 Finding Reference Number – 2023-003 S3800-011 Title and CFDA Number of Federal Program – Section 232 Loan – Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding – Federal Award Finding Other Matters S3800-016 Finding Resolution Status – In progress S3800-017 Information on Universe Population Size – N/A S3800-018 Sample Size Information – N/A S3800-019 Identification of Repeat Finding and Finding Reference Number – N/A S3800-020 Criteria – Per Section 9(g) of the regulatory agreement, all rents and other receipts of the project shall be deposited in the name of the project in a financial institution, whose deposits are insured by an agency of the Federal Government. S3800-030 Statement of Condition – As of and during the year ended September 30, 2023, Cheney Care Community maintained cash balances with financial institutions in excess of Federal Deposit Insurance Corporation (FDIC) limits. S3800-032 Cause – Cheney Care Community did not monitor the bank ratings on a quarterly basis for the financial institutions where cash was in excess of FDIC limits. S3800-033 Effect or Potential Effect – The project is susceptible to losses related to uninsured balances. S3800-035 Auditor Non-Compliance Code – S (Internal Controls) S3800-037 FHA/Contract Number – 171-22029 S3800-038 Questioned Costs – $0 S3800-040 Questioned Costs – $0 S3800-045 Reporting Views of Responsible Officials – Cheney Care Community is in agreement with the findings, and the recommendations have been implemented. S3800-050 Context – During our audit, we noted Cheney Care Community did not perform the alternative procedures on the financial institutions defined in the HUD Handbook 4370.2. S3800-080 Recommendation – We recommend management of Cheney Care Community review their internal controls over cash and implement a policy to monitor the bank ratings quarterly for the financial institutions the project holds funds at. S3800-090 Auditor’s Summary of Auditee Comments on the Findings and Recommendations – Cheney Care Community will review and update their policies and procedures to ensure the bank ratings for the financial institutions are monitored on a quarterly basis and the documentation is maintained. S3800-130 Response Indicator – Agree S3800-140 Completion Date – December 31, 2023 S3800-150 Response – Cheney Care Community will review and update their policies and procedures to ensure the bank ratings for the financial institutions are monitored on a quarterly basis and the documentation is maintained.

S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities Loan, ALN 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? 2021-002 S3800-020 Criteria ? Per the regulatory agreement Section 9(e), annual financial statements shall be submitted to HUD within 60 days of the end of the year. This requirement was extended to within 90 days of the end of the year by HUD. S3800-030 Statement of Condition ? Cheney Care Community did not meet the financial statement filing requirements for the year ended September 30, 2022. As a not-for-profit organization, Uniform Guidance allows the earlier of 9-months after fiscal year end or 30-days after the report is issued to submit. The audit was submitted within the Uniform Guidance requirements. S3800-032 Cause ? Additional time was required to obtain certain information to complete the financial statement audit due to remote audit environment. S3800-033 Effect or Potential Effect ? HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for noncompliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code ? Z (Other) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community recognizes that they did not submit to HUD within the allotted time period and will follow the HUD financial statement filing requirements going forward. S3800-080 Recommendation ? We recommend Cheney Care Community implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? February 9, 2023 S3800-150 Response ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward. S3800-160 Contact Person First Name ? Ashley S3800-180 Contact Person Last Name ? Healey

S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? In process S3800-017 Information on Universe Population Size ? All disbursements from bank accounts, totaling $9,543,461; 68 disbursements over the micro-purchase threshold in the amount of $1,529,858. S3800-018 Sample Size Information ? 8 disbursements totaling $201,283. S3800-019 Identification of Repeat Finding and Finding Reference Number ? 2020-001 S3800-020 Criteria ? Per 2 CFR sections 200.302 and 200.317 to 200.326 of the Uniform Guidance, an entity must establish and maintain effective written internal controls over compliance with procurement procedures, which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal statutes and the procurement requirements identified in the Uniform Guidance. S3800-030 Statement of Condition ? During our audit, we noted Cheney Care Community did not comply with their written documentation of internal controls over compliance with procurement procedures. The policy in place states that any purchase between $10,000 - $250,000 per year will be completed by obtaining price or quotes from three available sources. Three quotes were not obtained for identified purchases that met the policy threshold, and other aspects of the policy were not followed for all purchases over the small purchase threshold. S3800-032 Cause ? Management did not follow their purchasing policy. S3800-033 Effect or Potential Effect ? Failure to maintain effective internal controls over compliance with federal requirements increases the risk of unauthorized or unallowable transactions occurring. S3800-035 Auditor Non-Compliance Code ? S (Internal Control Deficiencies) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community recognizes that they did not comply with procurement procedures. Cheney Care Community will train staff in charge of management of federal awards, in order to meet the requirements of Uniform Guidance. S3800-050 Context ? The procurement policy provides guidance and requirements that must be followed for all procurements, specifically procurements related to federal awards. A sample of 8 disbursements totaling $201,283 were selected for audit procedures from a population of 68 disbursements totaling $1,529,858. The audit procedures resulted in identifying 1 disbursement totaling $17,794 that Cheney Care Community did not comply with the requirement to obtain three quotes and 8 disbursements totaling $201,283 that Cheney Care Community did not comply with other aspects of the procurement policy. Our sample was a statistically valid sample. In addition, it came to our attention three quotes were also not obtained for another disbursement in the amount of $17,000, which was not selected as part of our sample. S3800-080 Recommendation ? We recommend management provide adequate training to all staff in charge of management of federal awards, in order to awards to ensure compliance with Uniform Guidance. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will provide adequate training to all staff in charge of management of federal awards. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? September 30, 2022 S3800-150 Response ? Cheney Care Community will provide adequate training to all staff in charge of management of federal awards.

S3800-010 Finding Reference Number ? 2021-002 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? 2020-002 S3800-020 Criteria ? Per the regulatory agreement Section 9(e), annual financial statements shall be submitted to HUD within 60 days of the end of the year. This requirement was extended to within 90 days of the end of the year by HUD. S3800-030 Statement of Condition ? Cheney Care Community did not meet the financial statement filing requirements for the year ended September 30, 2021. S3800-032 Cause ? Additional time was required to obtain certain information to complete the financial statement audit due to remote audit environment. S3800-033 Effect or Potential Effect ? HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for noncompliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code ? Z (Other) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community recognizes that they did not submit to HUD within the allotted time period and will follow the HUD financial statement filing requirements going forward. S3800-080 Recommendation ? We recommend Cheney Care Community implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? January 31, 2022 S3800-150 Response ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward. S3800-160 Contact Person First Name ? Keith S3800-180 Contact Person Last Name ? Fauerso

S3800-010 Finding Reference Number ? 2020-001 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? In process S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? Per 2 CFR sections 200.302 and 200.317 to 200.326 of the Uniform Guidance, an entity must establish and maintain effective written internal controls over compliance with procurement procedures, which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal statutes and the procurement requirements identified in the Uniform Guidance. S3800-030 Statement of Condition ? During our audit, we noted Cheney Care Community did not comply with their written documentation of internal controls over compliance with procurement procedures. The policy in place states that any purchase between $10,000-250,000 per year will be completed by obtaining price or quotes from three available sources. Three quotes were not obtained for an identified purchase that met the policy threshold. S3800-032 Cause ? Management did not follow their purchasing policy. S3800-033 Effect or Potential Effect ? Not following written policies and procedures could lead to noncompliance with procurement standards of Uniform Guidance. S3800-035 Auditor Non-Compliance Code ? S (Internal Control Deficiencies) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community recognizes that they did not comply with procurement procedures. Cheney Care Community will train staff in charge of management of federal awards, in order to meet the requirements of Uniform Guidance. S3800-050 Context ? The procurement policy provides guidance and requirements that must be followed for all procurements, specifically procurements related to federal awards. S3800-080 Recommendation ? We recommend management provide adequate training to all staff in charge of management of federal awards, in order to awards to ensure compliance with Uniform Guidance. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will provide adequate training to all staff in charge of management of federal awards. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? September 30, 2021 S3800-150 Response ? Cheney Care Community will provide adequate training to all staff in charge of management of federal awards. S3800-160 Contact Person First Name ? Keith S3800-180 Contact Person Last Name ? Fauerso

S3800-010 Finding Reference Number ? 2020-002 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? 2019-003 S3800-020 Criteria ? Per the regulatory agreement Section 9(e), annual financial statements shall be submitted to HUD within 60 days of the end of the year. This requirement was extended to within 90 days of the end of the year by HUD. S3800-030 Statement of Condition ? Cheney Care Community did not meet the financial statement filing requirements for the year ended September 30, 2020. S3800-032 Cause ? Cheney Care Community was not able to meet the financial statement filing deadline for the year ended September 30, 2020. S3800-033 Effect or Potential Effect ? HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for non-compliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code ? Z (other) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community recognizes that they did not submit to HUD within the allotted time period and will follow the HUD financial statement filing requirements going forward. S3800-080 Recommendation ? We recommend Cheney Care Community implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? February 2, 2021 S3800-150 Response ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward.

S3800-010 Finding Reference Number ? 2020-003 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Financial Statement and Federal Award Finding S3800-016 Finding Resolution Status ? In process S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? Per regulatory agreement Section 9(c) for a project with Section 232 Loan, the mortgaged property, equipment, buildings, plans, offices, apparatus, devices, books, contracts, records, documents, and all other papers related thereto shall at all times be maintained in reasonable condition for proper audit and subject to examination and inspection at any reasonable time by the Secretary or his duly authorized agents. S3800-030 Statement of Condition ? During the year ended September 30, 2020, the books and records were not kept in accordance with the requirements of the Secretary. S3800-032 Cause ? During the year ended September 30, 2020, Cheney Care Community did not record transactions consistently or in a timely manner, resulting in the accounts being misstated throughout the reporting period and at year-end. S3800-033 Effect or Potential Effect ? Various accounts of Cheney Care Community were misstated throughout the reporting period and at year-end. S3800-035 Auditor Non-Compliance Code ? S (Internal Control) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? As a result of the audit, management will implement internal controls to ensure the books and records are kept in accordance with the requirements of the Secretary. S3800-080 Recommendation ? We recommend Cheney Care Community implement internal controls to ensure the books and records are kept in accordance with the requirements of the Secretary. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will implement internal controls to ensure the books and records are kept in accordance with the requirements. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? September 30, 2021 S3800-150 Response ? Cheney Care Community will implement internal controls to ensure the books and records are kept in accordance with the requirements.

S3800-010 Finding Reference Number ? 2019-001 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? In Progress S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? Per the Section 232 Handbook, Chapter 14, Section 7E, the project is required to maintain adequate fidelity bond coverage of at least two months? gross potential income for the project. S3800-030 Statement of Condition ? During the period and at September 30, 2019, the project did not maintain adequate fidelity bond coverage. S3800-032 Cause ? The fidelity bond insurance coverage was not increased in relation to the increase in total revenue. S3800-033 Effect or Potential Effect ? The Project is susceptible to loss in relation to uninsured claims. S3800-035 Auditor Non-Compliance Code ? Z (Other) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community will increase the fidelity coverage to meet the requirements of the Section 232 Handbook, Chapter 14, Section 7E. S3800-080 Recommendation ? We recommend the project increase the fidelity bond coverage to the requirement of the Section 232 Handbook, Chapter 14, Section 7E. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will increase the fidelity coverage to meet the requirements of the Section 232 Handbook, Chapter 14, Section 7E. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? September 30, 2020 S3800-150 Response ? Cheney Care Community will increase the fidelity coverage to meet the requirements of the Section 232 Handbook, Chapter 14, Section 7E. S3800-160 Contact Person First Name ? Keith S3800-180 Contact Person Last Name ? Fauerso

S3800-010 Finding Reference Number ? 2019-002 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? Per 2 CFR sections 200.302 and 200.317 to 200.326 of the Uniform Guidance, an entity must establish and maintain effective written internal controls over compliance with procurement procedures, which reflect applicable State and local laws and regulations, provided that the procurements conform to applicable Federal statutes and the procurement requirements identified in the Uniform Guidance. S3800-030 Statement of Condition ? During our audit, we noted Cheney Care Community did not have adequate written documentation of internal controls over compliance with procurement procedures in place as of October 1, 2018, which was the required date for Cheney Care Community. The policy Cheney Care Community has in place did not meet the requirements of Uniform Guidance. S3800-032 Cause ? Management did not update their purchasing policy for the first fiscal year under the new procurement standards of Uniform Guidance. S3800-033 Effect or Potential Effect ? Lack of clear written policies and procedures could lead to noncompliance with procurement standards of Uniform Guidance. S3800-035 Auditor Non-Compliance Code ? S (Internal Control Deficiencies) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community recognizes that they did not have adequate written documentation of internal controls over compliance with procurement procedures. Cheney Care Community will update internal control policies to meet the requirements of Uniform Guidance. S3800-080 Recommendation ? It is recommended management complete a review of the Uniform Guidance to obtain a better understanding of the related requirements. Cheney Care Community?s policies and procedures should be updated accordingly, and adequate training should be given to all staff in charge of management of federal awards. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community updated their policies and procedures in conformity with Uniform Guidance requirements, and will provide adequate training to all staff in charge of management of federal awards. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? January 15, 2020 S3800-150 Response ? Cheney Care Community updated their policies and procedures in conformity with Uniform Guidance requirements, and will provide adequate training to all staff in charge of management of federal awards.

S3800-010 Finding Reference Number ? 2019-003 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? Per the regulatory agreement Section 9(e), annual financial statements shall be submitted to HUD within 60 days of the end of the year. This requirement was extended to within 90 days of the end of the year by HUD. S3800-030 Statement of Condition ? Cheney Care Community did not meet the financial statement filing requirements for the year ended September 30, 2019. S3800-032 Cause ? Cheney Care Community was not able to meet the financial statement filing deadline for the year ended September 30, 2019. S3800-033 Effect or Potential Effect ? HUD does not have the financial information of the project available for review. HUD may request the holder of the note declare the note immediately due for non-compliance with the regulatory agreement. S3800-035 Auditor Non-Compliance Code ? Z (Other) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $0 S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Cheney Care Community recognizes that they did not submit to HUD within the allotted time period and will follow the HUD financial statement filing requirements going forward. S3800-080 Recommendation ? We recommend Cheney Care Community implement internal controls to ensure that the audited financial statements are filed in accordance with the regulatory agreement. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? January 15, 2020 S3800-150 Response ? Cheney Care Community will follow the filing requirements of the regulatory agreement going forward.

S3800-010 Finding Reference Number ? 2019-004 S3800-011 Title and CFDA Number of Federal Program ? Section 232 Loan, CFDA Number 14.129 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status ? Resolved S3800-017 Information on Universe Population Size ? N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? Per the regulatory agreement Section 6(f) for a Project under the CFDA Number 14.129, the Project is not to incur any liability or obligation not in connection with the project. Additionally, per the regulatory agreement Section 6(a) the Project is not to convey, transfer, or encumber any of the mortgaged property, or permit the conveyance, transfer or encumbrance of such property. S3800-030 Statement of Condition ? Cheney Care Foundation advanced Cheney Care Community $85,000 during the year ended September 30, 2019. S3800-032 Cause ? To meet operating expenditures, Cheney Care Foundation advanced Cheney Care Community $85,000 during the year ended September 30, 2019. S3800-033 Effect or Potential Effect ? Upon violation of the regulatory agreement, HUD may give written notice for correction. If such violation is not corrected to the satisfaction of HUD within 30 days, HUD may declare a default as defined by the regulatory agreement. S3800-035 Auditor Non-Compliance Code ? H ? Acquisition of liabilities (encumbering project assets) S3800-037 FHA/Contract Number ? 171-22029 S3800-038 Questioned Costs ? $85,000 S3800-040 Questioned Costs ? $85,000 S3800-045 Reporting Views of Responsible Officials ? As of September 30, 2019, there was a payable due to a related party in the amount of $85,000. After the year ended September 30, 2019, a retroactive property management agreement was signed between Cheney Care Community and Cheney Care Foundation with an effective date of June 1, 2005. This agreement resulted in $157,950 of management fee revenue for the fiscal years ending September 30, 2005 through September 30, 2019 that will be recognized in the fiscal year ending September 30, 2020 and will be offset by the $85,000 related party payable that was due to Cheney Care Foundation as of September 30, 2019. Cheney Care Community will implement internal controls to ensure liabilities not approved by HUD are not incurred for expenditures other than those related to the project going forward. S3800-080 Recommendation ? We recommend Cheney Care Community implement internal controls to ensure liabilities are not incurred for expenditures other than those related to the project. S3800-090 Auditor?s Summary of Auditee Comments on the Findings and Recommendations ? As of September 30, 2019, there was a payable due to a related party in the amount of $85,000. After the year ended September 30, 2019, a retroactive property management agreement was signed between Cheney Care Community and Cheney Care Foundation with an effective date of June 1, 2005. This agreement resulted in $157,950 of management fee revenue for the fiscal years ending September 30, 2005 through September 30, 2019 that will be recognized in the fiscal year ending September 30, 2020 and will be offset by the $85,000 related party payable that was due to Cheney Care Foundation as of September 30, 2019. Cheney Care Community will implement internal controls to ensure liabilities not approved by HUD are not incurred for expenditures other than those related to the project going forward. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? December 1, 2019 S3800-150 Response ? As of September 30, 2019, there was a payable due to a related party in the amount of $85,000. After the year ended September 30, 2019, a retroactive property management agreement was signed between Cheney Care Community and Cheney Care Foundation with an effective date of June 1, 2005. This agreement resulted in $157,950 of management fee revenue for the fiscal years ending September 30, 2005 through September 30, 2019 that will be recognized in the fiscal year ending September 30, 2020 and will be offset by the $85,000 related party payable that was due to Cheney Care Foundation as of September 30, 2019. Cheney Care Community will implement internal controls to ensure liabilities not approved by HUD are not incurred for expenditures other than those related to the project going forward.

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