MARY LEE COMMUNITY: single-audit findings

MARY LEE COMMUNITY

AUSTIN, TX

The FY2024 single audit reports 1 finding: 1 material weakness.

No FY2025 single audit on file as of October 30, 2026. For the fiscal year ending June 30, 2025, it was due March 31, 2026, 213 days earlier. It is expected because the FY2024 audit reported $3,011,212 in federal spending; an organization whose federal spending fell below the threshold would not need one.

Score: 21 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	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	8	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	5	5
Score		21	100

Federal funding, FY2024

$3,011,212 in federal awards spent, across 1 program. Largest funding agencies:

Agency	Spent
Department of Housing and Urban Development	$3,011,212

FY2024 audit

FAC record: 2024-06-GSAFAC-0000379997
Fiscal year end: June 30, 2024
Accepted by FAC: September 8, 2025; submitted 161 days after its due date (March 31, 2025)
Federal spending: $3,011,212 · 1 program
Major programs: 1; qualified opinion on 1
Score: 21 of 100

Finding 2024-001

material weaknessmodified opinion

Program: HOME INVESTMENT PARTNERSHIPS PROGRAM (14.239)
Compliance requirement: Eligibility
FAC record: FY2024 audit on fac.gov

Finding text from the filing

Condition: The Organization did not comply with the HUD requirement to timely recertify tenant income eligibility on an annual basis for three continuing tenants. Criteria: HOME-assisted units in a rental housing project must be occupied only by households that are eligible as low-income families and must meet certain limits on the rents that can be charged. The Organization must determine annually if each family is income eligible by determining the family’s annual income, including all persons in the household, as provided for in 24 CFR section 92.203. Cause: Failure to follow internal control procedures during recertification of these tenants. Effect: Failure to follow these requirements may result in the imposition of sanctions. Questioned costs: $-0- Context: We examined seven continuing tenant files out of a population of 66 residents in the Cornerstone and Legacy projects in fiscal year 2024 for this compliance attribute and this condition was noted in three of the selected continuing tenants. Repeat Finding: No Recommendation: The Cornerstone and Legacy projects were disposed of by sale and contribution, respectively, and all HOME-related loans and related compliance requirements were assumed by Foundation Communities (an unrelated nonprofit organization) or one of its affiliates during May 2024. Therefore, we have no recommendation for this finding. Reporting Views of Responsible Officials: Management agrees with the finding. No action is needed.