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OUR HOUSE. INC.

Financial Statements For the Year Ended December 31, 2011

Under provisions of state law, this report is a public document. Acopy of the report has been submitted to the entity and other appropriate public officials. The report is available for public inspection at the Baton Rouge office of the LegislativeAuditor and, where appropriate, ai the office of the parish clerk of court.

Release Date OCT 1 7 2012

1 ^ C A M E R O N , H I N E S & H A R T T , (A Professional Accounling Corporation) West Monroe. Louisiana Certified Public Accountants

OUR HOUSE. INC. FINANCIAL REPORT

FOR THE YEAR ENDED DECEMBER 31. 2010

INDJEX

Page

Independent Auditors* Report 1

Statement of Financial Position 7— 2

Statement of Activities 3

Statement of Functional Expenses 4-5

Statement of Cash Flows 6

Notes to Financial Sutements 7-12

Other Information

Report on Internal Control Over Financial Reporting And on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 13-14

Independent Auditors' Report on Compliance with Requirements That Could Have a Direct and Material Effect of Each Major Program and on Internal Control Over Compliance In Accordance with OMB Circular A-133 15-16

Schedule of Findings and Questioned Costs 17-18

Schedule of Expenditures of Federal Awards 19

Notes to Schedule of Expenditures of Federal Awards 20

Summary Schedule of Prior Audit Findings 21

CAMERON, HINES & HARTT (A Professional Accounting Corporation)

Certified Public Accountants Mailing Address: 1 nh Tit>aencv Place P. 0. Box 2474 , „ , j y ^ Kcgcncy r iacc p^^^^ ^3^^^ 3^3_j^j^ West Monroe, LA 71294-2474 W ^ ' Monroe, Louisiana 71291 P,^ (3i8j 322.5,21

INDEPENDENT AUDITORS' REPORT

To the Board of Trustees of Our House, Inc.

We have audited the accompanying statement of financial position of Our House, Inc. (a nonprofit organization) as of December 31, 2011, and the related statements of activities, functional expenses, and cash flows for the year then ended. These financial statements are the responsibility of the Organization's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Govemment Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Our House, Inc. as of December 31, 2011, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

In accordance with Govemment Auditing Standards, we have also issued our report dated June 25, 2012, on our consideration of Our House, Inc.'s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of intemal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on intemal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit.

Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.

West Monroe, Louisiana June 25, 2012

^Lu,,t£*^ T^^^^ £fr(a.cHrCArPA<L^

OUR HOUSE. INC STATEMENT OF FINANCL\L POSITION

DECEMBER 31. 2011

ASSETS Current Assets:

Cash and Cash Equivalents Certificates of Deposit Investments Grants Receivable Promises to Give, One Year or Less Prepaid Insurance

Total Current Assets

Promises to Give, Greater than One Year

Property and Equipment: Depreciable Fixed Assets Accumulated Depreciation

Net Depreciable Property and Equipment

Land Net Property and Equipment

TOTAL ASSETS

LL^BILITIES AND NET ASSETS

Current Liabilities: Accounts Payable

Unrestricted

$ 301,042 244,674 38,118 93,625

13,816 691,275

510,313 (246.497) 263,816

25,395 289.211

$ 980,486

Temporarily Restricted

$

46,250

46.250

24,628

-

$ 70,878

Total

$ 301,042 244.674 38.118 93.625 46,250 13,816

737,525

24,628

510,313 (246,497) 263,816

25,395 289.211

$ 1,051.364

5,561 $ 5,561

NETASSETS Unrestricted Net Assets Temporarily Restricted

Total Net Assets

TOTAL LIABILITIES AND NET ASSETS J_

974,925

974,925

980,486 $

70,878 70,878

70,878

974.925 70.878

1.045,803

$ 1.051.364

The accompanying notes are an integral part of this financial statement. 2

OUR HOUSE. INC STATEMENT OF ACTIVITIES


PUBLIC SUPPORT AND GRANT REVENUE Public Support:

Contributions Grants United Way Funding Net Assets Released from

Restrictions Total Public Support and Grant Revenue

Unrestricted

$ 17,401 787.623

46,251

Temporarily Restricted

$

47.572

(46,251)

Total

$ 17.401 787,623 47,572

851.275 1,321 852.596

Other Support: Interest Income Other Unrealized Loss on Investments

Total Other Support

TOTAL PUBLIC SUPPORT. GRANT REVENUE AND OTHER SUPPORT

4,306 1,783

(1.713) 4.376

855.651 1.321

4.306 1.783

(1.713) 4,376

856.972

EXPENSES Program Services:

United Way LCLE Victims of Crimes DHHS Transitional Living DHHS Teen Shelter Cooperative Endeavor Homeless Prevention HPRP HUD Transitional Living FEMA Emergency Shelter Program LCTF Safe Place Helper Office of Community Service

Total Program Services

Supporting Services: Management and General

TOTAL PROGRAM SERVICES. SUPPORTING SERVICES AND OTHER EXPENSES

INCREASE IN NET ASSETS

NET ASSETS AT BEGINNING OF YEAR

NET ASSETS AT END OF YEAR

The accompanying notes are an integral part of this financial statement.

3

48.137 9.558

199.631 152.445

1,077 195.970 94,819 60.313

35.842 5.305 1.582

48.137 9.558

199.631 152.445

1.077 195.970 94.819 60.313

35.842 5.305 1,582

804.679

22.611

827.290

28.361

946,564

1.321

69.557

804.679

22,611

827,290

29,682

1.016.121

$ 974.925 $ 70.878 $ 1.045,803

OUR HOUSE. INC. STATEMENT OF FUNCTIONAL EXPENSES


PROGRAM SERVICES

Salaries and Related Expenses

Salaries Payroll Taxes and Benefits

Other Expenses Audit Advertising Contract Labor Dues/Subscriptions Food/Shelter Insurance Office Expenses Printing/Publishing Supplies Telephone Training Utilities Client Services Educational Medical Travel Rent Depreciation Repairs & Maintenance Auto Expense Other Expenditures

United Way

$ 37.986 3,110

--

904 358

94 -

473 228 449

-332 207 119

--

1,271 2,460

-132

-14

$ 48,137

LCLE Victims of

Crime

$ 7.020 551

------

385 -

I l l --

1.491 --------- • •

$ 9.558

DHHS-Transitional

Living

$ 114,957 9,014

4.125 -

3,392 525

2,142 15,425 2,908

926 1,930 1.535 1,066

11,974 5.047

_ -

1,598 16.015

-

2.760 4,146

146

$ 199.631

DHHS-Teen Shelter

$ 110,245 8,746

4,125 -

4,049 1,243 1,332 7,539 2.733

682 537 391

1,828 . 1,511

1,635 _

• _

830 55

-

3,952 558 454

$ 152.445

PROGRAM SERVICES (Continued) HUD

Cooperative Hon\eless Transitional Emergency Endeavor Prevention HPRP Living FEMA Shelter

$ 1,000 $ 42.863 $ 28.823 $ 22,934 $ - $ 10,940 77 3,364 2.263 1,791 - 863

-

4,720

-

51

-

-

25.538 -

494 118,940

195 t.786

-

2,291

17 -

5.350 270

534 53,290

. -

-

1,150

30

1.300 1.283

1.792 3.983

-

26,050

The accompanying notes are an integral part of this financial statement. 4

C

O

N

4.335 T 11.987

I

681 N 1,637

U 5,286

113 E

D

$ 1,077 $ 195,970 $ 94.819 $ 60,313 $ - $ 35.842

PROGRAM SERVICES (Continued)

Salaries and Related Expenses

Salaries Payroll Taxes and Benefits

Other Expenses Audit Advertising Contract Labor Dues/Subscriptions Fnod/Shelter Insurance Office Expenses Printing/Publishing Supplies Telephone Training Utilities Client Services Educational Medical Travel Rent Depreciation Repairs & Maintenance Auto Expense Other Expenditures

LCTF Safe Place

$

$

Helper

4,847 389

-69

-------------------

5,305

Office of Community

Service

$ 125 10

----

31 -

94 -

59 100 327 139 382

---

200 -

115 --

$ 1.582

Management and General

----

21 7.803

------

1.229 _ _ --

13.499 --

59

$ 22.611

Total

$

$

Expenses

381,740 30,178

8,250 264

14.851 2.126 9.105

42.754 8.965 1.836 5.084 4.946 3,553

53,?,88 12.778

_ _

4.727 217.010 13.499 6,959 4,704

673

827,290

The accompanying notes are an integral part of this financial sutement. 5

OUR HOUSE. INC. STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31.2011

Cash Flows from Operating Activities: Increase in Net Assets $ 29,682 Adjustments to Reconcile Increase in Net Assets to Net Cash Provided by Operating Activities: Changes in Assets and Liabilities:

Depreciation 13,499 Unrealized Loss on Investments 1,713 Grants Receivable 44,689 Promises to Give (1,321) Prepaid Insurance (1,507) Accounts Payable 2,974

Net Cash Provided by Operating Activities 89,730

Cash Flows from Investing Activities: Change in Investments 22,499

Net Cash Provided by Investing Activities 22,499

Increase in Cash and Cash Equivalents 112.229

Cash and Cash Equivalents. Beginning of Year 188,813

CASH AND CASH EOUIVALENTS. END OF YEAR $ 301.042

The accompanying notes are an integral part of this financial statement.

OUR HOUSE. INC. NOTES TO THE FINANCIAL STATEMENTS


Note 1 - Nature of Acrivities and Summary of Significant Accounting Policies

Nature of Activity

Our House, Inc, is a nonprofit organization that is based in Monroe, Louisiana. The Organization provides "hotline" services for runaway and troubled teens. The Organization's services also include providing shelter and transportation for troubled teens.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Basis of Accounting

The financial statements of Our House, Inc. have been prepared on the accmal basis and, accordingly, reflect all significant receivables and payables.

Basis of Presentation

FASB Accounting Standards Codification (ASC) section 958-205 Not-for-Profit Entities, Presentation of Financial Statements establishes standards for external financial reporting by not-for-profit organizations and requires that resources be classified for accounting and reporting purposes into three net asset categories according to extemally (donor) imposed restrictions. ASC section 958-605 Not-for-Profit Entities, Revenue Recognition requires that unconditional promises to give (pledges) be recorded as receivables and revenues and requires the organization to distinguish between contributions received for each net asset category in accordance with donor-imposed restrictions.

Unrestricted Net Assets - Net assets that are not subject to donor-imposed stipulations.

Temporarily Restricted Assets ~ Net assets subject to donor-imposed stipulations that may or will be met either by actions of Our House, Inc. and/or passage of time.

Permanently Restricted Net Assets - Net assets subject to donor-imposed stipulations that they be maintained permanently by Our House, Inc. Generally. the donors of these assets permit Our House. Inc. to use all of. or part of, the income earned on the related investments for general or specific purposes. As of December 31, 2011, there were no permanently restricted net assets.



Note 1 - Nature of Activities and Summary of Significant Accounting Policies (continued)

Cash and Cash Equivalents

Our House, Inc, considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Grants Receivable

Grants receivable represent amounts that have been expensed for grant purposes and are to be reimbursed in full by the grantor and have been promised over the next twelve months, '

Propertv and Equipment

Property and equipment are carried at cost or, if donated, at the approximate fair value at the date of donation. Depreciation of buildings and equipment is provided over the estimated useful lives of the respective assets using the straight-line method:

Years

Buildings 40 Building Improvements 5-40 Residences 40 Vehicles 3-5 Fumiture, Fixtures and Equipment 3-10

Public Support and Revenue

Annual contributions are recorded as revenue when received and are generally available for unrestricted use unless specifically restricted by the donor.

Grant income is deferred until the revenue is received. Unreimbursed expenses are recorded as income and as grants receivable when requests for reimbursement are submitted to the grants.

Contributions of donated non-cash assets are recorded at their fair value in the period received. Contriburions of donated services that create or enhance non-financial assets or that require specialized skills, are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation, are recorded at their fair values.

Promises to Give

Contributions are recognized when the donor makes a promise to give to the Organization that is, in substance, unconditional. Contributions that are restricted by the donor are reported as increases in unrestricted net assets if the restrictions expire in the fiscal year in which the contributions are recognized. All other donor-restricted contributions are reported as increases in temporarily or permanently restricted net assets depending on the nature of the restrictions.



Note 1 - Nature of Activities and Summarv of Significant Accounting Policies (continued)

Promises to Give (continued)

When a restriction expires, temporarily restricted net assets are reclassified to unrestricted net assets.

Functional Allocation of Expenses

The cost of providing the various programs and activities has been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited.

Fair Value of Financial Instruments

ASC section 820 Fair Value Measurements and Disclosures and ASC section 825 Financial Instruments require all entities to disclose the fair value of financial instmments for which it is practicable to estimate fair value.

The carrying amount of cash and cash equivalents, accrued interest receivable, and bequests receivable approximates fair value because of the short maturity of these financial instmments. The carrying value, which is the fair value of investments and funds held in tmst by others, is based upon quoted market values. In the limited cases where such values are not available, historical cost is used as an estimate of market value.

Note 2 - Cash and Cash Equivalents

Our House, Inc. maintains its cash balances in four local financial institutions. The bank balances of $301,042 are covered by Federal Deposit Insurance Corporation coverage.

Our House, Inc. also has six certificates of deposit. The certificates of deposit have a fair value of $244,674 and are not considered cash equivalents. All of the certificates of deposit are covered by FDIC insurance. ;

Note 3 - Income Taxes

Our House. Inc. is a nonprofit corporation exempted from federal income taxes under Section 501(c)(3) of the Intemal Revenue Code. Accordingly, no provision for income taxes has been made; however, should the Organization engage in activities unrelated to its exempt purpose, taxable income could result.' The Organization had no material unrelated business income for the year ended December 31, 2011. The earliest income tax year that is subject to examination is 2008.



Note 4 - Lease Expense

Our House. Inc. has several six-month to one-year noncancelable operating leases for several apartments for their residents. Lease expense for the year ended December 31, 2011 was $217,010.

Minimum future rental payments under non-cancelable operating leases as of December 31. 2011 for each of the next five years and in aggregate are as follows:

December 31, 2012 $ 24.120

Note 5 - Propertv and Equipment

A summary of land, buildings, equipment and accumulated depreciation at December 31, 2011 is as follows:

Land $ 25.395 Buildings 355,432 Autos &Tmcks 61.909 Fumiture & Equipment 92.973 Accumulated Depreciation ( 246.497)

Net Property and Equipment $ 289.211

Depreciation expense for the year ended December 31, 2011 was $13,499.

Note 6 - Investments

Investments are presented in the financial statements at fair market value based on quoted prices in active markets of the securities on a recurring basis at December 31, 2011.

At December 31.2011, Investments consisted of the following:

Cash Equivalents $ 99 Mutual Funds 38.019

Total $ 38.118

Investment return at December 31, 2011 is as follows:

Investment and Dividend Income $ 99 Net Realized and Unrealized Gains Net Realized and Unrealized Loss ( 1,713) Fees and Other Expenses ( 275)

Total Investment Return $( 1.889)

10


FOR THE YEAR ENDED DECEMBER 3L 2011

Note 7 - Grants Receivable

Grants receivable consisted of the following at December 31, 2011

HUD Transitional Living $ 11,796 Homeless Prevention 25,359 HPRP 26,997 i ESGP Grant 3,708 | LCLE Victims of Crimes 1,048 DHHS Teen Shelter 13,629 DHHS Transitional Living 11.088

Total Grants Receivable $ 93.625

Note 8- Promises to Give j

Unconditional promises to give consist of the following:

United Way $ 71,250 Less: Unamortized Discount ( 372) Net Unconditional Promises to Give $ 70.878

Amounts Due In: Less Than One Year $ 46,250 Greater Than One Year 24.628

Total $ 70.878

Unconditional promises to give due in more than one year are reflected at the present value of estimated future cash flows using a discount rate of 1.27%,

Note 9- Temporarily Restricted Net Assets

Temporarily restricted net assets are available for the following purpose or periods:

Periods after December 31.2011 United Way of Northeast Louisiana $ 70.878

Net assets were released from donor restrictions by time restrictions specified by donors as follows:

Time Restrictions Expired: United Way of Northeast Louisiana $ 46.251

Contributions that are restricted by the donor are reported as increases in unrestricted net assets if the restrictions expire in the fiscal year in which the contributions are recognized.

11


FOR THE YEAR ENDED DECEMBER 31.2011

Note 10 - In-Kind Contributions

In-kind contributions for funds receiving govemment grants consist of time donated by volunteer workers established by state and federal regulatory agencies providing the grant funds; also, donated food, clothing, medical facilities, advertising and other items valued at estimated fair market value. The volunteer hours and donated food and clothing are not recorded in the financial statements.

Note 11 - Commitments and Contingencies

Economic Dependence

The Organization receives a substantial amount of its support from federal and state govemment grants and from the United Way. A significant reduction in the level of this support, if this were to occur, may have an effect on the Organization's programs and activities. i

Note 12- Related Parties

Our House, Inc. employs Takewell & Hanna, CPAs to assist in bookkeeping and reconciling of accounts. Karen Hanna is a Trustee on the Board of Trustees of Our House, Inc. For the year ended December 31, 2011, Our House, Inc. paid Takewell & Hanna. CPAs $2,750.

Note 13 - Subsequent Events

Subsequent events have been evaluated through June 25, 2012, which is the day the Hnancial statements were available to be issued, and it has been determined that no significant events have occurred for disclosure.

12

CAMERON, HINES & HARTT (A Professional Accounting Corporation)

Certified Public Accountants Mai»nR M^l^ii\ 104 Rceencv Place P.O. Box 2474 ^ * i J f T ^ T -71001 Phone (318)323-1717 West Monroe. LA 71294-2474 West Monroe. Louisiana 71291 ^ ^ 3̂ tgj 322.5121

REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON

AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Tmstees of Our House, Inc.

We have audited the financial statements of Our House, Inc. (a nonprofit organization) as of and for the year ended December 31, 2011, and have issued our report thereon dated June 25, 2012. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Govemment Auditing Standards, issued by the Comptroller General of the United States.

Intemal Control over Financial Reporting

Management of Our House, Inc. is responsible for establishing and maintaining effective intemal control over financial reporting. In planning and performing our audit, we considered management of Our House, Inc.'s internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Our House, Inc.'s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Organization's intemal control over financial reporting.

A deficiency in intemal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in intemal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis.

Our consideration of intemal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in intemal control over financial reporting that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any deficiencies in intemal control over fmancial reporting that we consider to be material weaknesses, as defined above.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Our House. Inc.'s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

13

To the Board of Trustees of Our House, Inc. i Page Two

This report is intended solely for the information and use of management, Louisiana Legislative Auditor, others within the entity, the Board of Trustees, and federal awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. Under Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor as a public document. \

dcu.^^uh4r^ U i ^ ^ i ^ i U t ? ^ C A r f i A < L ) West Monroe, Louisiana June 25.2012

14

CAMERON, HINES & HARTT i (A Professional Accounting CoiporaUon)

Certified Public Accountants j Mfiiljng A<ltfre$s: 104 Reffencv Place P. 0. Box 2474 _,, ^ . : " * agency ^^ace ^^^^^ 323-1717 | West Monroe. LA 71294-2474 W ^ * Monroe, Louisiana 71291 P ^ (3,gj 322.5,2, |

i

INDEPENDENT AUDITORS' REPORT ON COMPLIANCE WITH REOUIREMENTS ! THAT COULD HAVE A DIRECT AND MATERIAL EFFECT ON EACH MAJOR PROGRAM AND ON

INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 j

To the Board of Tmstees of Our House, Inc.

Compliance

We have audited Our House, Inc.'s compliance with the types of compliance requirements described in the OMB Circular A-133 Compliance Supplement that could have a direct and material effect on each of Our House, Inc.'s major federal programs for the year ended December 31, 2011. Our House, Inc.'s major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major federal programs is the responsibility of Our House, Inc.'s management. Our responsibility is to express an opinion on Our House, Inc.'s compliance based on our audit.

We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133. Audits of States, Local Governments, and Non-Profit Organizations. Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about Our House, Inc.'s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of Our House, Inc.'s compliance with those requirements.

In our opinion. Our House, Inc. complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended December 31, 2011.

Intemal Control Over Compliance

Management of Our House, Inc. is responsible for establishing and maintaining effective intemal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs. In planning and performing our audit, we considered Our House, Inc.'s internal control over compliance with the requirements that could have a direct and material effect on a major federal program to determine the auditing procedures for the purpose of expressing our opinion on compliance and to test and report on intemal control over compliance in accordance with OMB Circular A-133, but not for the purpose of expressing an opinion on the effectiveness of intemal control over compliance. Accordingly, we do not express an opinion on the effectiveness of Our House, Inc.'s intemal control over compliance.

15

To the Board of Trustees of Our House, Inc. Page Two

A deficiency in intemal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in intemal control over compliance is a deficiency, or combination of deficiencies, in intemal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis.

Our consideration of intemal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in intemal control over compliance that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any deficiencies in intemal control over compliance that we consider to be material weaknesses, as defined above.

This report is intended solely for the information and use of management, Louisiana Legislative Auditor, others within the entity, the Board of Tmstees, federal awarding agencies, and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. Under Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor as a public document.

West Monroe, Louisiana June 25, 2012

Au** t̂/My A^n^ C i h s ^ C M ^

16

OUR HOUSE. INC. SCHEDULE OF FINDINGS AND OUESTIONED COSTS


To The Board of Directors j Our House, Inc. j Monroe, Louisiana i

We have audited the financial statements of Our House. Inc. as of and for the year ended December 31, 2011, and have issued our report thereon dated June 25, 2012. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Govemment Auditing Standards, issued by the Comptroller General of the United States. Our audit of the financial statements as of December 31, 2011, resulted in an unqualified opinion.

SECTION I - Summarv of Auditors' Results

A. Report on Intemal Control and Compliance Material to the Financial Statements I

Intemal Control Material Weakness yes X no | Significant Deficiencies not considered to be

Material Weaknesses yes X no Compliance i

Compliance Material to Financial Statements yes _X^ no

B. Federal Awards

Material Weakness Identified yes X no Significant Deficiencies not considered to be •

Material Weaknesses ves X no i Type of Opinion on Compliance for Major Programs

Unqualified X Qualified Disclaimer Adverse

Are their findings required to be reported in accordance with Circular A-133, Section .510 (a)? No

C. Identification of Major Programs: '

Name of Federal Program (or cluster) DHHS Transitional Living for Homeless Youth Program 93.550. (ARRA) HUD Homelessness Prevention & Rapid Re-Housing 14.257.

Dollar threshold used to distinguish between Type A and Type B Programs. $300,000

Is the auditee a "low-risk" auditee. as defined by OMB Circular A-1337 No

17

OUR HOUSE. INC. SCHEDULE OF FINDINGS AND OUESTIONED COSTS (CONTINUED)


Section II - Financial Statement Findings

There were no findings in this section.

Section III -Federal Award Findings and Oucstioned Costs

There were no findings in this section.

18

OUR HOUSE. INC. SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS


Federal Grants/Pass-Through Grantor/Program Title

Department of Health and Human Services Administration for Children and Families

Transitional Living for Homeless Youth Program

Runaway and Homeless Youth

Department of Housing and Urban Development Emergency Shelter Grant

Transitional Living/Supportive Services for Homeless Young Adults

(ARRA) Homelessness Prevention and Rapid Re-Housing

Department of Homeland Security Emergency Food & Shelter National Board

Department of Justice Louisiana Commission on Law Enforcement

Victims of Crime Assistance

Agency or CFDA Pass-Through Number Number Expenditures

93.550 06CX0769/02 $ 188,596*

93.623 06CY0865/03 139,368

14.231 City of Monroe, Louisiana 34,265

14.235 LA0118B6H050801 63,605

14.257 City of Monroe, Louisiana 271.864*

97.024 LRO366000-008 5.437

16.540 ClO-2003 9.568

TOTAL ^ 712.70^

•Denotes Major Program

See accompanying Notes to Schedule of Expenditures of Federal Awards 19

OUR HOUSE. INC. NOTES TO SCHEDULE OF EXPENDITURES

OF FEDERAL AWARDS FOR THE YEAR ENDED DECEMBER 31. 2011

1. General

The Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Our House, Inc. The reporting entity is defined in Note 1 to'Our House. Inc.'s financial statements. All federal award programs received directly from federal agencies, as well as federal awards passed through other govemment agencies, is included on the schedule.

2. Basis of Accounting

The Schedule of Expenditures of Federal Awards is presented using the accmal basis of accounting, which is described in Note 1 to Our House. Inc's financial statements.' The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Govemments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.

20

OUR HOUSE. INC. SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS


Intemal Control and Compliance Material to the Financial Statements

This section is not applicable.

Internal Control and Compliance Material to Federal Awards

This section is not applicable.

Management Letter

This section is not applicable

21

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