EIN: 113358541
UEI: L7PBHLJTHKZ3
Audited by: SIKICH CPA LLC
Oversight agency: 84 [Department of Education]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 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 March 30, 2026 (158 days ago).
What is a management decision? →We tested thirty-seven files and enrollment status effective dates were either incorrectly reported or not reported to the National Student Loan Data System (NSLDS) for three students. Additionally, the Institution did not provide enrollment update responses in a timely manner for the months of January 2024, May 2024, June 2024 and September 2024. April 2024 and November 2024 submissions were not completed. We consider this finding to be a material weakness. This finding is repeated and was reported in the prior year as 2023-001. Cause: The condition was caused by oversights within the Financial Aid department. Effect or Potential Effect: The result is the Department of Education was not made aware of the changes in student statuses in a timely manner and students’ enrollment dates were reported to NSLDS inaccurately or were missing. Questioned Costs: N/A Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution update the effective dates in NSLDS and increase controls over enrollment reporting. ViewsofResponsibleOfficials:TheInstitutionagreeswiththeSingleAuditFindingandaresponseisincluded in the Corrective Action Plan.
Show full finding ▾Hide full finding ▴FINDING 2024-001: Inaccurate and Untimely Enrollment Status Reporting FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN#: 84.268 FEDERAL AWARD YEAR: 2023-2024 & 2024-2025 Compliance Requirement: Special Tests and Provisions - Reporting (L.) Criteria:InstitutionsarerequiredtoprovideenrollmentupdateresponsestotheEnrollmentReportingRoster File within fifteen days of receipt (34 CFR 685.309). Condition: We tested thirty-seven files and enrollment status effective dates were either incorrectly reported or not reported to the National Student Loan Data System (NSLDS) for three students. Additionally, the Institution did not provide enrollment update responses in a timely manner for the months of January 2024, May 2024, June 2024 and September 2024. April 2024 and November 2024 submissions were not completed. We consider this finding to be a material weakness. This finding is repeated and was reported in the prior year as 2023-001. Cause: The condition was caused by oversights within the Financial Aid department. Effect or Potential Effect: The result is the Department of Education was not made aware of the changes in student statuses in a timely manner and students’ enrollment dates were reported to NSLDS inaccurately or were missing. Questioned Costs: N/A Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution update the effective dates in NSLDS and increase controls over enrollment reporting. ViewsofResponsibleOfficials:TheInstitutionagreeswiththeSingleAuditFindingandaresponseisincluded in the Corrective Action Plan.
Finding 2025-001: Inaccurate and Untimely Enrollment Status Reporting Comments on Finding and Recommendations: Statement of Concurrence: We concur with the finding of Inaccurate and Untimely Enrollment Status Reporting The inaccuracies and delays were mainly the result of our scheduling process. Currently, we update enrollment maintenance every two months, typically on the day prior to the scheduled dates. We now understand that enrollment status updates must be completed within 15 days after the scheduled date. Actions Taken or Planned: We have reviewed the enrollment maintenance schedule and adjusted our process to ensure compliance with the requirement. Moving forward, enrollment status will be updated within 15 days after the scheduled date. This adjustment will be fully implemented starting from the next scheduled update on 09/30/2025. 9/26/2025 Dong-Hua Yang MD, PhD Date Title: Administrative Dean Telephone: 516-739-1545 Email: administrative_dean@nyctcm.edu
2023-001
We tested thirty-seven files, thirty-one of which had credit balances, and one credit balance was not paid in a timely manner. We consider this finding to be an instance of non-compliance. Cause: The condition was caused by not issuing the credit balance by the end of the loan period. Effect: As a result, the Institution was holding funds that needed to be returned to the student. Question Costs: $4,657 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution increase controls over credit balances. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Show full finding ▾Hide full finding ▴FINDING 2024-002: Untimely Paid Credit Balance FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN#: 84.268 FEDERAL AWARD YEAR: 2023-2024 & 2024-2025 Compliance Requirement: Special Tests and Provisions (N.) - Cash Management Criteria: An institution must pay credit balances to students within fourteen days of the creation of such credit or within fourteen days of the date the institution performs the Return calculation for withdrawn students. When a valid waiver has been obtained, an institution must pay the remaining balance on loan funds by the end of the loan period and any remaining other Title IV program funds by the end of the last payment period in the award year for which the funds were awarded (34 CFR 668.164 and 668.165). Condition: We tested thirty-seven files, thirty-one of which had credit balances, and one credit balance was not paid in a timely manner. We consider this finding to be an instance of non-compliance. Cause: The condition was caused by not issuing the credit balance by the end of the loan period. Effect: As a result, the Institution was holding funds that needed to be returned to the student. Question Costs: $4,657 Statistical sampling was not used when making sample selections. Recommendation: We recommend the Institution increase controls over credit balances. Views of Responsible Officials: The Institution agrees with the Single Audit Finding and a response is included in the Corrective Action Plan.
Finding 2025-002: Untimely Paid Credit Balance Comments on Finding and Recommendation: Statement of Concurrence: We concur with the finding of Untimely Paid Credit Balance The delay in issuing the credit balance was due to a timing oversight related to the award year dates. Although the Credit Balance Authorization Form was on file, the refund was processed after the award year had ended, rather than within the required timeframe. In the past, students were always allowed to keep funds in their Populi accounts for future use regardless of the loan award year, and it had not previously been indicated that this practice was not allowed. Actions Taken or Planned: We have reviewed our internal procedures and will strengthen oversight of award year deadlines to ensure that all credit balances are refunded within the required timeframe. Moving forward, the financial aid and accounting teams will implement a compliance checklist and establish calendar reminders to prevent similar delays. Additionally, we will revise the wording on our Credit Balance Authorization Form to read: “Leave the funds in my account and any remaining funds from the current award year in my account up to the end of the loan period.” Completion Date: Ongoing 9/26/2025 Dong-Hua Yang MD, PhD Date Title: Administrative Dean Telephone: 516-739-1545 Email: administrative_dean@nyctcm.edu
The Institution did not accurately report all crimes in 2023 to the Department of Education's website. Additionally, the Institution incorrectly reported a burglary on their annual security report when it should have been listed as a motor vehicle theft. We consider this finding to be a significant deficiency. Cause:Thisconditionwascausedbyafailuretoensurethatallrequiredconsumerinformationwasreportedcorrectly in the annual security report and to the Department of Education. EffectorPotentialEffect:Theresultisstudentsandemployeesmaynothavebeenmadeawareofcriminalactivity in their area of work or school. Question Costs: N/A Statistical sampling was not used when making sample selections. Recommendation:AstheInstitutionhassinceupdatedthecampuscrimeawarenessinformation,werecommendthe Institution increase controls over campus crime awareness requirements. ViewsofResponsibleOfficials:TheInstitutionagreeswiththeSingleAuditFindingandaresponseisincludedin the Corrective Action Plan.
Show full finding ▾Hide full finding ▴FINDING 2024-003: Campus Crime Awareness Requirements Not Met FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: FEDERAL DIRECT LOAN PROGRAM ALN#: 84.268 FEDERAL AWARD YEAR: 2023-2024 & 2024-2025 Compliance Requirement: Special Tests and Provisions (N.) - Administrative Requirements Criteria: By October 1 of each year, an institution must submit the statistics required by CFR668.46(c) and CFR 668.49(c) to the Secretary. (CFR 34 668.41€(5) and CFR 34 668.46). Condition: The Institution did not accurately report all crimes in 2023 to the Department of Education's website. Additionally, the Institution incorrectly reported a burglary on their annual security report when it should have been listed as a motor vehicle theft. We consider this finding to be a significant deficiency. Cause:Thisconditionwascausedbyafailuretoensurethatallrequiredconsumerinformationwasreportedcorrectly in the annual security report and to the Department of Education. EffectorPotentialEffect:Theresultisstudentsandemployeesmaynothavebeenmadeawareofcriminalactivity in their area of work or school. Question Costs: N/A Statistical sampling was not used when making sample selections. Recommendation:AstheInstitutionhassinceupdatedthecampuscrimeawarenessinformation,werecommendthe Institution increase controls over campus crime awareness requirements. ViewsofResponsibleOfficials:TheInstitutionagreeswiththeSingleAuditFindingandaresponseisincludedin the Corrective Action Plan.
Finding 2025-003: Campus Crime Awareness Requirements Not Met Comments on Finding and Recommendation(s): Statement of Concurrence: We concur with the finding of 1. a burglary crime was reported in the Annual Security Report when it should have been reported as a motor vehicle theft. The issue was due to error entry, neighboring lines. 2. motor vehicle theft and a weapons violation was not reported to the Department of Education. The issue was due to carelessness. These were correctly reported in the Annual Security Report. Usually, the Annual Security Report and report to the Department of Education is prepared and completed by the Student Services Coordinator and the Administrative Dean based on the statistic report from the school and the Police Department in August/September. Because the college was engaged in the self-study for accreditation, everyone was extremely busy at that time. Errors might occur when doing things in a hassle way. Actions Taken or Planned: 1. Corrections were made in the Annual Security Report and in the report to the Department of Education. Two corrections were made in the DOE website: Criminal Offenses - Public Property: For 2023, line J (motor vehicle theft) was changed from 0 to 1. Arrests - Public Property: For 2023, line a (weapon) was changed from 0 to 2 2. New Hire: The college is in the process of hiring a new Student Services Coordinator. This individual will work with the Administrative Dean for ensuring the accuracy and timelines of reporting moving forward. 3. A strengthen double-check system will be established to ensure the accuracy of all reporting. Completion Date: Ongoing 9/26/2025 Dong-Hua Yang MD, PhD Date Title: Administrative Dean Telephone: 516-739-1545 Email: administrative_dean@nyctcm.edu
FAC accepted this audit on October 11, 2024 — management decision was due April 11, 2025.
We tested thirty-seven files and enrollment status effective dates were either incorrectly reported or not reported to the National Student Loan Data System (NSLDS) for eight students. Additionally, the Institution did not provide enrollment update responses in a timely manner for the months of March 2023 and July 2023. Cause: The condition was caused by oversights within the Financial Aid department. Effect or Potential Effect: The result is the Department of Education was not made aware of the changes in student statuses in a timely manner and students’ enrollment dates were reported to NSLDS inaccurately or were missing. Questioned Costs: N/A Recommendation: We recommend the Institution update the effective dates in NSLDS and increase controls over enrollment reporting. Views of Responsible Officials: Management agrees with the finding. Part C has not been submitted for this finding as it does not apply.
Show full finding ▾Hide full finding ▴FINDING 2023-001: Inaccurate and Untimely Enrollment Status Reporting FEDERAL AGENCY: U.S. DEPARTMENT OF EDUCATION PROGRAM NAME: SFA CLUSTER ALN: 84.268 FEDERAL AWARD YEAR: 2022-2023, 2023-2024 Compliance Requirement: Special Tests and Provisions - Reporting (L.) Criteria: Institutions are required to provide enrollment update responses to the Enrollment Reporting Roster File within fifteen days of receipt (34 CFR 685.309). Condition: We tested thirty-seven files and enrollment status effective dates were either incorrectly reported or not reported to the National Student Loan Data System (NSLDS) for eight students. Additionally, the Institution did not provide enrollment update responses in a timely manner for the months of March 2023 and July 2023. Cause: The condition was caused by oversights within the Financial Aid department. Effect or Potential Effect: The result is the Department of Education was not made aware of the changes in student statuses in a timely manner and students’ enrollment dates were reported to NSLDS inaccurately or were missing. Questioned Costs: N/A Recommendation: We recommend the Institution update the effective dates in NSLDS and increase controls over enrollment reporting. Views of Responsible Officials: Management agrees with the finding. Part C has not been submitted for this finding as it does not apply.
Finding 2023-001: Inaccurate and Untimely Enrollment Status Reporting Comments on Finding and Recommendation(s): Statement of Concurrence: We concur with the finding of inaccurate and untimely reporting of enrollment status. The issue was due to human error from a previous employee who has been terminated as well as a misunderstanding of the policy. The transition period following the termination further compounded these issues. Actions Taken or Planned: 1. New Hire: We have already hired a new member for Financial Aid position since April 2023. This individual is responsible for ensuring the accuracy and timeliness of enrollment status reporting moving forward. 2. Staff Training: • All relevant personnel, including the newly hired staff, have been scheduled for ongoing training on financial aid compliance and the reporting process. • We will ensure that each employee is proficient in using the reporting systems (e.g., NSLDS, COD) and understands the required timelines for submission. 3. Process Review and Improvement: We are reviewing our existing processes to identify gaps and inefficiencies in the current reporting system. Once identified, these processes will be updated to ensure better data accuracy and timeliness. 4. Ongoing Monitoring and Compliance Audits: We will establish regular internal audits and monitoring protocols to ensure continuous compliance with reporting standards. Completion Date: Ongoing Dong-Hua Yang MD, PhD Title: Administrative Dean
FAC accepted this audit on September 20, 2023 — management decision was due March 20, 2024.
FAC accepted this audit on July 17, 2022 — management decision was due January 17, 2023.
FAC accepted this audit on September 14, 2021 — management decision was due March 14, 2022.
FAC accepted this audit on October 29, 2020 — management decision was due April 29, 2021.
FAC accepted this audit on September 17, 2019 — management decision was due March 17, 2020.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on June 18, 2018 — management decision was due December 18, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on May 14, 2017 — management decision was due November 14, 2017.
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