EIN: 066002606
UEI: HK4AA5TUK5M6
Audited by: GeelLLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 14, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 30, 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 June 30, 2026 (78 days ago).
What is a management decision? →Finding 2025-002: Reconciliation and Reporting Reporting Public Housing Operating Fund AL# 14.850 Significant Deficiency Statement of Condition Certain general ledger activity, especially bank accounts and interfund balances, were not recorded or reconciled in a timely manner. Further, the Unaudited Financial Data Schedule (FDS) contained material errors and omissions. Criteria The Authority is responsible for designing, implementing, and maintaining effective internal control over financial reporting to ensure that financial transactions are accurately recorded, properly classified, and reported in accordance with U.S. generally accepted accounting principles. Controls should operate at a level of precision that prevents or detects material misstatements in a timely manner. Further, the FDS is the Authority’s primary means of reporting annual financial and programmatic information and is the basis for meeting financial statement reporting requirements as well as reporting federal expenditures to HUD. Cause Significant employee turnover in key positions within the Authority, including the unexpected loss of the newest Director of Finance. Effect or Potential Effect Significant yearend adjustments were required to report financial activity. In addition, the absence of timely recording and reconciliation reduces the routine review processes, thereby increasing the likelihood that errors, omissions, and misclassifications could occur. Recommendation We recommend the Authority reevaluate internal responsibilities over the internal accounting function to increase financial reconciliation capacity and reduce the reliance of accounting functions on a single position. Management’s Response Management agrees with the finding, see Corrective Action Plan for plan of action.
Show full finding ▾Hide full finding ▴Finding 2025-002: Reconciliation and Reporting Reporting Public Housing Operating Fund AL# 14.850 Significant Deficiency Statement of Condition Certain general ledger activity, especially bank accounts and interfund balances, were not recorded or reconciled in a timely manner. Further, the Unaudited Financial Data Schedule (FDS) contained material errors and omissions. Criteria The Authority is responsible for designing, implementing, and maintaining effective internal control over financial reporting to ensure that financial transactions are accurately recorded, properly classified, and reported in accordance with U.S. generally accepted accounting principles. Controls should operate at a level of precision that prevents or detects material misstatements in a timely manner. Further, the FDS is the Authority’s primary means of reporting annual financial and programmatic information and is the basis for meeting financial statement reporting requirements as well as reporting federal expenditures to HUD. Cause Significant employee turnover in key positions within the Authority, including the unexpected loss of the newest Director of Finance. Effect or Potential Effect Significant yearend adjustments were required to report financial activity. In addition, the absence of timely recording and reconciliation reduces the routine review processes, thereby increasing the likelihood that errors, omissions, and misclassifications could occur. Recommendation We recommend the Authority reevaluate internal responsibilities over the internal accounting function to increase financial reconciliation capacity and reduce the reliance of accounting functions on a single position. Management’s Response Management agrees with the finding, see Corrective Action Plan for plan of action.
The first step was to hire a director of finance (the 3rd hirer in the past 2 years passed away suddenly) which was completed in February 2025. The second step was to hire third party CPA consultants familiar with accounting system to correct activity and design of system for ongoing use. Finally, training of support staff and monitoring of the monthly accounting procedures completed upon correction of historical activity.
2024-003
Finding 2025-003: Fee-for-Service Allowable Costs / Special Tests and Provisions Public Housing Operating FundAL#14.850 Significant Deficiency Statement of Condition Fees for services were not calculated or funded throughout the year, with fee amounts calculated and recorded during the yearend close process. Criteria PHA’s that establish a COCC shall fund non-project-specific costs through management fees from each property. Cause Significant employee turnover led to the suspension of management fee funding to the COCC during the year. Effect or Potential Effect COCC costs were indirectly funded by Public Housing Operating reserves due to COCC having insufficient funds to cover operating costs. Lack of management fee procedures increases the potential for noncompliance due to inability to monitor COCC financial performance. Recommendation We recommend the Authority provide additional support and training during new employee onboarding to specifically address the accounting and system procedures required comply with Authority policy and HUD regulations. Management’s Response Management agrees with the finding, see Corrective Action Plan for plan of action. .
Show full finding ▾Hide full finding ▴Finding 2025-003: Fee-for-Service Allowable Costs / Special Tests and Provisions Public Housing Operating FundAL#14.850 Significant Deficiency Statement of Condition Fees for services were not calculated or funded throughout the year, with fee amounts calculated and recorded during the yearend close process. Criteria PHA’s that establish a COCC shall fund non-project-specific costs through management fees from each property. Cause Significant employee turnover led to the suspension of management fee funding to the COCC during the year. Effect or Potential Effect COCC costs were indirectly funded by Public Housing Operating reserves due to COCC having insufficient funds to cover operating costs. Lack of management fee procedures increases the potential for noncompliance due to inability to monitor COCC financial performance. Recommendation We recommend the Authority provide additional support and training during new employee onboarding to specifically address the accounting and system procedures required comply with Authority policy and HUD regulations. Management’s Response Management agrees with the finding, see Corrective Action Plan for plan of action. .
The new Director of Finance was hired in February 2025. T he Director has prior public housing authority experience and is aware of accounting and reporting requirements.
FAC accepted this audit on September 3, 2025 — management decision was due March 3, 2026.
U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Reportable Noncompliance Finding 2024-003: Yearend Reconciliation and Reporting Reporting Housing Choice Vouchers - CFDA #14.871 Financial Statement Finding 2024-001 applies to this federal program.
Show full finding ▾Hide full finding ▴U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Reportable Noncompliance Finding 2024-003: Yearend Reconciliation and Reporting Reporting Housing Choice Vouchers - CFDA #14.871 Financial Statement Finding 2024-001 applies to this federal program.
Corrective Action: The first step is to hire a Chief Financial Officer (the third hirer in the past 2 years passed away suddenly). The second step is to evaluate and segregate internal accounting functions to assure that processes and reconciliations are maintained. Training of support staff and monitoring of the monthly accounting procedures. Responsible Party for Corrective Actions: Anthony Vasiliou, Executive Director Estimated Completion Date: March 31, 2025
FAC accepted this audit on June 4, 2024 — management decision was due December 4, 2024.
Statement of Condition Certain general ledger accounts were not reconciled in a timely manner. In addition, the unaudited and audited Financial Data Schedule (FDS) were not filed in time. Criteria The FDS is the Authority’s primary means of reporting annual financial and programmatic information and is the basis for meeting financial statement reporting requirements as well as reporting federal expenditures to HUD. Cause Significant employee turnover in key positions within the Authority. Effect or Potential Effect Financial items were misstated resulting in delays in the FDS submission and the overall audit completion. Recommendation We recommend the Authority reevaluate internal responsibilities over the periodic reconciliation and closeout of financial activity to assist in meeting reporting obligations. Management’s Response Management agrees with the finding, see Corrective Action Plan for plan of action.
Show full finding ▾Hide full finding ▴Statement of Condition Certain general ledger accounts were not reconciled in a timely manner. In addition, the unaudited and audited Financial Data Schedule (FDS) were not filed in time. Criteria The FDS is the Authority’s primary means of reporting annual financial and programmatic information and is the basis for meeting financial statement reporting requirements as well as reporting federal expenditures to HUD. Cause Significant employee turnover in key positions within the Authority. Effect or Potential Effect Financial items were misstated resulting in delays in the FDS submission and the overall audit completion. Recommendation We recommend the Authority reevaluate internal responsibilities over the periodic reconciliation and closeout of financial activity to assist in meeting reporting obligations. Management’s Response Management agrees with the finding, see Corrective Action Plan for plan of action.
Upon abrupt departure of second finance director replacement in November 2023, the Authority promptly re-hired staff with extensive knowledge in the Authority's programs and systems to correct issues that occurred prior to the departure of the finance director. In addition, the Authority increased the role of the fee accountant to address the items noted during the audit. Responsible Party for Corrective Actions: Anthony Vasiliou, Executive Director Estimated Completion Date: December 29, 2023.
FAC accepted this audit on December 15, 2022 — management decision was due June 15, 2023.
FAC accepted this audit on February 14, 2022 — management decision was due August 14, 2022.
FAC accepted this audit on January 3, 2021 — management decision was due July 3, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on December 29, 2018 — management decision was due June 29, 2019.
FAC accepted this audit on October 31, 2017 — management decision was due May 1, 2018.
FAC accepted this audit on September 26, 2016 — management decision was due March 26, 2017.
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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