Texas · Nonprofit · $2M-$10M in federal spending
Golden Acres Retirement Center, Inc.
Paris, TX
The FY2024 single audit reports no findings. Audits on file for FY2023–FY2025: FY2023, FY2024.
Score: 0 of 100 (FY2024 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 0 | 24 |
| Significant deficiencies | 3 points each | 0 | 9 |
| Repeat findings | 5 points each | 0 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 0 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 0 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 0 | 5 |
| Score | | 0 | 100 |
Federal funding, FY2024
$2,421,788 in federal awards spent, across 1 program. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Housing and Urban Development | $2,421,788 |
FY2024 audit
- FAC record
- 2024-12-GSAFAC-0000372661
- Fiscal year end
- December 31, 2024
- Accepted by FAC
- September 23, 2025
- Federal spending
- $2,421,788 · 1 program
- Major programs
- 1
- Score
- 0 of 100
No findings reported.
FY2023 audit
- FAC record
- 2023-12-GSAFAC-0000044001
- Fiscal year end
- December 31, 2023
- Accepted by FAC
- August 20, 2024
- Federal spending
- $2,425,122 · 1 program
- Major programs
- 1
- Questioned costs
- $27,624 known
- Score
- 11 of 100
Finding 2023-001
questioned costsother matters
- Program
- SUPPORTIVE HOUSING FOR THE ELDERLY (14.157)
- Compliance requirement
- Special tests and provisions
- Questioned costs
- $27,624 (known)
- FAC record
- FY2023 audit on fac.gov
Finding text from the filing
Finding #2023-001: Section 202 Capital Advance, Assistance Listing 14.157
Type of Finding: Other Matter
Condition: The Company did not deposit surplus cash into the residual receipts
account within 60 days of year end.
Criteria: The HUD regulatory agreement requires the Company to deposit surplus
cash into the residual receipts account within 60 days of year end.
Effect: The Company is in violation of its Regulatory Agreement.
Questioned Cost: $27,624
Cause: Oversight
Repeat Finding: No
Recommendation: The Company should deposit any surplus cash into the residual receipts
account within 60 days of year end.
Auditor’s Comment: During March 2024, the Company deposited $27,624 into the residual
receipts account. Finding 2023-001 Cleared.