Texas · Nonprofit · under $2M in federal spending

Independent Living Place, Inc.

Grapevine, TX

The FY2024 single audit reports 2 findings: 1 material weakness, 1 significant deficiency, 1 repeat, 1 with questioned costs. Audits on file for FY2023–FY2025: FY2023, FY2024.

No FY2025 single audit on file as of October 30, 2026. For the fiscal year ending September 30, 2025, it was due June 30, 2026, 122 days earlier. It is expected because the FY2024 audit reported $1,213,231 in federal spending; an organization whose federal spending fell below the threshold would not need one.

Score: 39 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	8	24
Significant deficiencies	3 points each	3	9
Repeat findings	5 points each	5	15
Longest repeat chain	2 years 3, 3 years 6, 4 years 9, 5+ years 12	3	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	15	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	5	5
Score		39	100

Federal funding, FY2024

$1,213,231 in federal awards spent, across 2 programs. Largest funding agencies:

Agency	Spent
Department of Housing and Urban Development	$1,213,231

FY2024 audit

FAC record: 2024-09-GSAFAC-0000372655
Fiscal year end: September 30, 2024
Accepted by FAC: June 24, 2025
Federal spending: $1,213,231 · 2 programs
Major programs: 2
Questioned costs: $816,048 known
Score: 39 of 100

Finding 2024-001

significant deficiencyrepeat findingmodified opinion

Program: SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM (14.195); SUPPORTIVE HOUSING FOR THE ELDERLY (14.157)
Compliance requirement: Other
Repeat: Chain of 2 audit years; prior finding 2023-002
FAC record: FY2024 audit on fac.gov

Finding text from the filing

Finding #2024-001: Section 202 Supportive Housing for the Disabled, Assistance Listing 14.157 and Section 8 Housing Assistance Payments Program, Assistance Listing 14.195

Type of Finding: Significant Deficiency

Condition: The audited financial statements for the period ended September 30, 2023 were not entered into the Federal Audit Clearinghouse (FAC) system timely.

Criteria: Uniform Guidance requires the audited financial statements to be prepared in accordance with GAAP and submitted to the FAC system timely.

Questioned cost: $0

Effect: The Corporation is in violation of the compliance requirement of its major federal program.

Cause: Unknown

Repeat Finding: No

Recommendation: We recommend the audited financial statements be submitted into the FAC system within 90 days of year end.

Management’s View: Management is in agreement with the finding. The corrective action plan is included in the audit report.

Auditor’s Comment: CLEARED. On September 25, 2024, the Corporation submitted the September 30, 2023 financial statements to FAC.

Finding 2024-002

material weaknessquestioned costsmodified opinion

Program: SUPPORTIVE HOUSING FOR THE ELDERLY (14.157)
Compliance requirement: Other
Questioned costs: $816,048 (known)
FAC record: FY2024 audit on fac.gov

Finding text from the filing

Finding #2024-002: Section 202 Supportive Housing for the Disabled, Assistance Listing 14.157

Type of Finding: Material Weakness

Condition: On February 15, 2011, the Organization’s tax-exempt status was revoked due to failure to file federal tax return Form 990 for three consecutive years.

Criteria: The nonprofit corporation financed the Project with the U.S. Department of Housing and Urban Development (HUD) pursuant to a mortgage note regulated by HUD under Section 202 of the National Housing Act, as amended.

Effect: The Corporation is in violation of the compliance requirement of its major federal program.

Questioned Cost: $816,048

Cause: Federal tax returns Form 990 was not filed.

Recommendation: We recommend the Corporation file all necessary forms to reinstate the Corporations’ tax-exempt status.

Management’s View: Management is in agreement with the finding. The corrective action plan is included in the audit report.

Auditor’s Comment: The Organization intends to apply for reinstatement of tax-exempt status.

FY2023 audit

FAC record: 2023-09-GSAFAC-0000056515
Fiscal year end: September 30, 2023
Accepted by FAC: September 25, 2024
Federal spending: $1,166,876 · 2 programs
Major programs: 2
Questioned costs: $818,498 known
Score: 34 of 100

Finding 2023-001

significant deficiencyquestioned costs

Program: SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM (14.195); SUPPORTIVE HOUSING FOR THE ELDERLY (14.157)
Compliance requirement: Other
Questioned costs: $2,450 (known)
FAC record: FY2023 audit on fac.gov

Finding text from the filing

Finding #2023-001: Section 202 Supportive Housing for the Disabled, Assistance Listing 14.157 and Section 8 Housing Assistance Payments Program, Assistance Listing 14.195

Type of Finding: Significant Deficiency

Condition: The Project did not make 12 monthly deposit during the audit period ($490 payments for 5 months and $502 payments for 7 months) totaling $5,964 to the replacement reserve account.

Criteria: The HUD regulatory agreement requires monthly deposits into the replacement reserve account and requires HUD’s approval for any withdrawals from the replacement reserve.

Questioned cost: $2,450

Effect: Replacement reserve account is underfunded and the Project is in violation of its Regulatory Agreement.

Cause: Lack of operating funds available

Repeat Finding: Yes

Recommendation: We recommend the Project deposit $2,450 into the replacement reserve account.

Management’s View: Management is in agreement with the finding. The corrective action plan is included in the audit report.

Auditor’s Comment: On August 7, 2024, the Project deposited $2,450 into the replacement reserve account.

Finding 2023-002

material weaknessquestioned costsmodified opinion

Program: SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM (14.195); SUPPORTIVE HOUSING FOR THE ELDERLY (14.157)
Compliance requirement: Reporting
Questioned costs: $0 (known)
FAC record: FY2023 audit on fac.gov

Finding text from the filing

Finding #2023-002: Section 202 Supportive Housing for the Disabled, Assistance Listing 14.157 and Section 8 Housing Assistance Payments Program, Assistance Listing 14.195

Type of Finding: Material Weakness

Condition: The audited financial statements for the periods ended September 30, 2018, 2019, 2020, 2021, 2022 and 2023 were not entered into the FASSUB system timely.

Criteria: The HUD regulatory agreement requires the audited financial statements to be prepared in accordance with GAAP and filed into the FASSUB system within 90 days of year end.

Effect: The Corporation is in violation of the compliance requirement of its major federal program.

Questioned Cost: $0

Cause: Unknown.

Recommendation: We recommend the audited financial statements be submitted into the FASSUB system within 90 days of year end.

Management’s View: Management is in agreement with the finding. The corrective action plan is included in the audit report.

Auditor’s Comment: The 2018-2022 will not be submitted. The September 30, 2023 financial date was submitted into the FASSUB system.

Finding 2023-003

material weaknessquestioned costsmodified opinion

Program: SUPPORTIVE HOUSING FOR THE ELDERLY (14.157)
Compliance requirement: Other
Questioned costs: $816,048 (known)
FAC record: FY2023 audit on fac.gov

Finding text from the filing

Finding #2023-003: Section 202 Supportive Housing for the Disabled, Assistance Listing 14.157

Type of Finding: Material Weakness

Condition: On February 15, 2011, the Organization’s tax-exempt status was revoked due to failure to file federal tax return Form 990 for three consecutive years.

Effect: The Corporation is in violation of the compliance requirement of its major federal program.

Questioned Cost: $816,048

Cause: Federal tax returns Form 990 was not filed.

Recommendation: We recommend the Corporation file all necessary forms to reinstate the Corporations’ tax-exempt status.

Management’s View: Management is in agreement with the finding. The corrective action plan is included in the audit report.

Auditor’s Comment: The Organization intends to apply for reinstatement of tax-exempt status.