WOODS EDGE HOUSING, INC

EIN: 061064330

UEI: ZS3JLFWVR5Q6

Data as of August 24, 2026

WOODS EDGE HOUSING, INC6 audit years3 findings
6
Audit Years
3
Total Findings
0
Repeat Findings

FY 2024-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 8, 2025. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by October 8, 2025 (320 days ago).

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2024-001
Reporting

Required monthy deposits to replacement reserve are deficient in the amount of $6,250.

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Full finding narrative

Required monthy deposits to replacement reserve are deficient in the amount of $6,250.

Corrective Action Plan

Management agrees with the finding. The replacement reserve deficiency was funded on March 11, 2025 in the amount of $6,250. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

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FY 2022-12-31

FAC accepted this audit on June 13, 2023 — management decision was due December 13, 2023.

2022-001
Reporting

Financial statements were not filed with HUD by the 90 day deadline. Cause: The prior CPA retired. Effect or Potential Effect: Financial statements were not filed with HUD. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The financial statements were submitted to HUD on June 16, 2022. Context: Financial statements were not filed with HUD by the 90 day deadline. Recommendation: The owner should complete its accounting process on a timely basis. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The financial statements were submitted to HUD on June 16, 2022. Response Indicator: Agree Completion Date: June 16, 2022 Response: Management agrees with the finding. The financial statements were submitted to HUD on June 16, 2022.

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Full finding narrative

Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: The Regulatory Agreement and Project Rental Assistance Contract require audited financial statements be submitted to HUD within 60 days of the project?s fiscal year end. Uniform Financial Reporting Standards (UFRS) changed the deadline to 90 days. Statement of Condition: Financial statements were not filed with HUD by the 90 day deadline. Cause: The prior CPA retired. Effect or Potential Effect: Financial statements were not filed with HUD. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The financial statements were submitted to HUD on June 16, 2022. Context: Financial statements were not filed with HUD by the 90 day deadline. Recommendation: The owner should complete its accounting process on a timely basis. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The financial statements were submitted to HUD on June 16, 2022. Response Indicator: Agree Completion Date: June 16, 2022 Response: Management agrees with the finding. The financial statements were submitted to HUD on June 16, 2022.

Corrective Action Plan

Finding Reference Number: 2022-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The financial statements were submitted to HUD on June 16, 2022. Completion Date: June 16, 2022

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FY 2021-12-31

FAC accepted this audit on July 18, 2022 — management decision was due January 18, 2023.

2021-001
Reporting

Financial statements were not filed with the FAC. Cause: The prior CPA retired. Effect or Potential Effect: Financial statements were not filed with the FAC. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The financial statements will be submitted to the FAC. Context: Financial statements were not filed with the FAC. Recommendation: The owner should complete its accounting process on a timely basis. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The financial statements will be submitted to the FAC. Response Indicator: Agree Completion Date: June 6, 2022 Response: Management agrees with the finding. The financial statements will be submitted to the FAC.

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Full finding narrative

Finding Reference Number: 2021-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: The Code of Federal Regulations require audited financial statements to be submitted to the Federal Audit Clearinghouse (FAC). Statement of Condition: Financial statements were not filed with the FAC. Cause: The prior CPA retired. Effect or Potential Effect: Financial statements were not filed with the FAC. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The financial statements will be submitted to the FAC. Context: Financial statements were not filed with the FAC. Recommendation: The owner should complete its accounting process on a timely basis. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The financial statements will be submitted to the FAC. Response Indicator: Agree Completion Date: June 6, 2022 Response: Management agrees with the finding. The financial statements will be submitted to the FAC.

Corrective Action Plan

Finding Reference Number: 2021-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The financial statements will be submitted to the FAC. Completion Date: June 6, 2022

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Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.

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