EIN: 113444948
UEI: Y2NQHNSK2EL7
Audited by: Cohnreznick LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 7, 2026. 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 November 7, 2026 (71 days from today).
What is a management decision? →B. Financial Statement Findings None reported C. Federal Award Findings and Questioned Costs Finding No. 2025-001 – Eligibility – Material Weakness Name of Federal Agency: Department of Housing and Urban Development Federal Program Name: Supportive Housing for the Elderly (Section 202) Assistance Listing Number: 14.157 Federal Award Identification Number and Year: N/A Name of Pass-through Entity (if applicable): N/A Criteria Management is responsible for determining tenant eligibility and maintaining lease files in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Condition In connection with our lease file review, we noted the following deficiencies: 1. 1 out of 1 new tenant tested existing tenant files did not have the Enterprise Income Verification (EIV) report in the tenant file. 2. 3 out of 9 existing tenants tested did not have the Enterprise Income Verification (EIV) report completed timely. Cause The project failed to follow the policies and procedures which have been established for proper tenant file maintenance and determining tenant eligibility in accordance with HUD guidelines. Effect or Potential Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Questioned Costs None noted Context During the year ended June 30, 2025, the project failed to follow the policies and procedures which have been established for proper tenant file maintenance and determining tenant eligibility in accordance with HUD guidelines. Identification as a Repeat Finding Not a repeat finding. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant security deposits are correctly recorded, tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs.
Show full finding ▾Hide full finding ▴B. Financial Statement Findings None reported C. Federal Award Findings and Questioned Costs Finding No. 2025-001 – Eligibility – Material Weakness Name of Federal Agency: Department of Housing and Urban Development Federal Program Name: Supportive Housing for the Elderly (Section 202) Assistance Listing Number: 14.157 Federal Award Identification Number and Year: N/A Name of Pass-through Entity (if applicable): N/A Criteria Management is responsible for determining tenant eligibility and maintaining lease files in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Condition In connection with our lease file review, we noted the following deficiencies: 1. 1 out of 1 new tenant tested existing tenant files did not have the Enterprise Income Verification (EIV) report in the tenant file. 2. 3 out of 9 existing tenants tested did not have the Enterprise Income Verification (EIV) report completed timely. Cause The project failed to follow the policies and procedures which have been established for proper tenant file maintenance and determining tenant eligibility in accordance with HUD guidelines. Effect or Potential Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Questioned Costs None noted Context During the year ended June 30, 2025, the project failed to follow the policies and procedures which have been established for proper tenant file maintenance and determining tenant eligibility in accordance with HUD guidelines. Identification as a Repeat Finding Not a repeat finding. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant security deposits are correctly recorded, tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs.
Provided training to staff on HUD EIV requirements and documentation standards. Updated the tenant file checklist to include a mandatory EIV report verification step: Conducted an internal audit of all tenant files to identify any additional missing or late EIV reports. Implement a quarterly compliance review process to ensure ongoing adherence to EIV requirements.
FAC accepted this audit on April 4, 2023 — management decision was due October 4, 2023.
2022-001 Reserve for Replacement Information on the federal program ? U.S. Department of Housing and Urban Development, Federal Assistance Listing Number 14.157, Supportive Housing for the Elderly Criteria or specific requirement ? Special Tests and Provisions ?Replacement Reserves ? Per 24 CFR 891.405(b), the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition ? In 2022, the Housing Company did not deposit monthly required deposits in a timely manner. Questioned Costs ? None. Context ? The Housing Company was delinquent in making 10 of their 12 deposits. Tested 100% of deposits. Effect ? The Housing Company was delinquent in making 10 of their 12 deposits. Cause ?The Housing Company did not have the available cash to fund the reserve. Identification as a Repeat Finding, if applicable ? This condition did exist in the prior year (2021-001). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Show full finding ▾Hide full finding ▴2022-001 Reserve for Replacement Information on the federal program ? U.S. Department of Housing and Urban Development, Federal Assistance Listing Number 14.157, Supportive Housing for the Elderly Criteria or specific requirement ? Special Tests and Provisions ?Replacement Reserves ? Per 24 CFR 891.405(b), the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition ? In 2022, the Housing Company did not deposit monthly required deposits in a timely manner. Questioned Costs ? None. Context ? The Housing Company was delinquent in making 10 of their 12 deposits. Tested 100% of deposits. Effect ? The Housing Company was delinquent in making 10 of their 12 deposits. Cause ?The Housing Company did not have the available cash to fund the reserve. Identification as a Repeat Finding, if applicable ? This condition did exist in the prior year (2021-001). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Management Planned Action Monthly checks will be issued by the housing company making sure required deposits are done timely.
2021-001
FAC accepted this audit on March 22, 2022 — management decision was due September 22, 2022.
Reserve for Replacement Federal Program Information ? HUD, CFDA Number 14.157, Supportive Housing for the Elderly Criteria ? Under HUD guidelines, the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition - In 2021, the Housing Company did not deposit monthly required deposits in a timely manner. Context/Effect = The Housing Company was delinquent in making five of their 12 deposits. Tested 100 percent of deposits. Cause - The Housing Company did not have the available cash to fund the reserve. Questioned Costs - None. Identification as a Repeat Finding ? This condition did exist in the prior year (2020-001). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Show full finding ▾Hide full finding ▴Reserve for Replacement Federal Program Information ? HUD, CFDA Number 14.157, Supportive Housing for the Elderly Criteria ? Under HUD guidelines, the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition - In 2021, the Housing Company did not deposit monthly required deposits in a timely manner. Context/Effect = The Housing Company was delinquent in making five of their 12 deposits. Tested 100 percent of deposits. Cause - The Housing Company did not have the available cash to fund the reserve. Questioned Costs - None. Identification as a Repeat Finding ? This condition did exist in the prior year (2020-001). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Reserve for Replacement Monthly automated required deposits to the replacement reserve account will be set up as long as cash flow allows it.
2020-001
Withdrawals Not Approved by HUD Federal Program Information ? HUD, CFDA Number 14.157, Supportive Housing for the Elderly Criteria ? Under HUD guidelines, the Housing Company is required to obtain approval from HUD for all withdrawals. Condition - In 2021, the Housing Company did not obtain the required approvals from HUD. Context/Effect - The Housing Company made two unapproved withdrawals from the replacement reserve account. Cause - The Housing Company borrowed $40,000 to over monthly bills and withdrew $5,914 by error, both of which were repaid prior to the end of the year. In addition, the Housing Company borrowed $5,914 in 2020 which was not repaid as of June 30, 2021. Questioned Costs - $5,914 Identification as a Repeat Finding ? This condition did exist in the prior year (2020-002). Recommendation ? We recommend that the Housing Company establish procedures requiring HUD approval prior to distributing any funds from the replacement reserve account. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Show full finding ▾Hide full finding ▴Withdrawals Not Approved by HUD Federal Program Information ? HUD, CFDA Number 14.157, Supportive Housing for the Elderly Criteria ? Under HUD guidelines, the Housing Company is required to obtain approval from HUD for all withdrawals. Condition - In 2021, the Housing Company did not obtain the required approvals from HUD. Context/Effect - The Housing Company made two unapproved withdrawals from the replacement reserve account. Cause - The Housing Company borrowed $40,000 to over monthly bills and withdrew $5,914 by error, both of which were repaid prior to the end of the year. In addition, the Housing Company borrowed $5,914 in 2020 which was not repaid as of June 30, 2021. Questioned Costs - $5,914 Identification as a Repeat Finding ? This condition did exist in the prior year (2020-002). Recommendation ? We recommend that the Housing Company establish procedures requiring HUD approval prior to distributing any funds from the replacement reserve account. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Withdrawal Not Approved by HUD A transfer was made from the replacement reserve account to the operating account on December 14, 2019 because it did not have enough funds to pay bills due to the delay in HAP reimbursement. The November 2019 HAP billing has not been paid yet. Management will pursue getting HUD approval first for withdrawals.
2020-002
Residual Receipts Federal Program Information ? HUD, CFDA Number 14.157, Supportive Housing for the Elderly Criteria ? Under HUD guidelines, the Housing Company is required to deposit residual receipts within 60 days of the end of the fiscal year. Condition - In 2021, the Housing Company did not make the required deposit of $47,986 into the residual receipts account for the 2020 fiscal year. Context/Effect - The residual receipts account is underfunded. Cause ? The accounts receivable ? HUD balance was not collected in 2020, thereby reducing the available cash. Questioned Costs ? None. Identification as a Repeat Finding ? This condition did not exist in the prior year. Recommendation ? We recommend that once the receivable is collected, the required deposit be made into the residual receipts account. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Show full finding ▾Hide full finding ▴Residual Receipts Federal Program Information ? HUD, CFDA Number 14.157, Supportive Housing for the Elderly Criteria ? Under HUD guidelines, the Housing Company is required to deposit residual receipts within 60 days of the end of the fiscal year. Condition - In 2021, the Housing Company did not make the required deposit of $47,986 into the residual receipts account for the 2020 fiscal year. Context/Effect - The residual receipts account is underfunded. Cause ? The accounts receivable ? HUD balance was not collected in 2020, thereby reducing the available cash. Questioned Costs ? None. Identification as a Repeat Finding ? This condition did not exist in the prior year. Recommendation ? We recommend that once the receivable is collected, the required deposit be made into the residual receipts account. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Residual Receipts The required deposit to the Residual Receipts account will be done during month of February 2022.
FAC accepted this audit on May 10, 2021 — management decision was due November 10, 2021.
Federal Program Information ? U.S. Department of Housing and Urban Development (HUD), CFDA Number 14.157, Supportive Housing for the Elderly. Criteria ? Under HUD guidelines, the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition ? In 2020, the Housing Company did not deposit monthly required deposits in a timely manner. Context/Effect ? The Housing Company was delinquent in making nine of their twelve deposits. Tested 100 percent of deposits. Cause ?The Housing Company did not have the available cash to fund the reserve. Questioned Costs ? None. Identification as a Repeat Finding ? This condition did exist in the prior year (2019-001). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Show full finding ▾Hide full finding ▴Federal Program Information ? U.S. Department of Housing and Urban Development (HUD), CFDA Number 14.157, Supportive Housing for the Elderly. Criteria ? Under HUD guidelines, the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition ? In 2020, the Housing Company did not deposit monthly required deposits in a timely manner. Context/Effect ? The Housing Company was delinquent in making nine of their twelve deposits. Tested 100 percent of deposits. Cause ?The Housing Company did not have the available cash to fund the reserve. Questioned Costs ? None. Identification as a Repeat Finding ? This condition did exist in the prior year (2019-001). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
2020-001 Reserve for Replacement Monthly automated required deposits to Replacement Reserve account will be set-up as long as cash flow allows it. Responsible Party: Cindy Ross Implementation date: 4/01/21
2019-001
Federal Program Information ? U.S. Department of Housing and Urban Development (HUD), CFDA Number 14.157, Supportive Housing for the Elderly. Criteria ? Under HUD guidelines, the Housing Company is required to obtain approval from HUD for all withdrawal. Condition ? In 2020, the Housing Company did not obtain the required approval from HUD. Context/Effect ? The Housing Company made an unapproved withdrawal from the Replacement reserve account. Cause ?The Housing Company borrowed $50,000 to cover monthly bills, which was repaid prior to the end of the year and expensed $5,914 on building equipment. Questioned Costs ? $5,914. Identification as a Repeat Finding ? This condition did not exist in the prior year. Recommendation ? We recommend that the Housing Company establish procedures requiring HUD approval prior to distributing any funds from the replacement reserve account. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Show full finding ▾Hide full finding ▴Federal Program Information ? U.S. Department of Housing and Urban Development (HUD), CFDA Number 14.157, Supportive Housing for the Elderly. Criteria ? Under HUD guidelines, the Housing Company is required to obtain approval from HUD for all withdrawal. Condition ? In 2020, the Housing Company did not obtain the required approval from HUD. Context/Effect ? The Housing Company made an unapproved withdrawal from the Replacement reserve account. Cause ?The Housing Company borrowed $50,000 to cover monthly bills, which was repaid prior to the end of the year and expensed $5,914 on building equipment. Questioned Costs ? $5,914. Identification as a Repeat Finding ? This condition did not exist in the prior year. Recommendation ? We recommend that the Housing Company establish procedures requiring HUD approval prior to distributing any funds from the replacement reserve account. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
A transfer was made from the Replacement Reserve account to Operating account on 12/14/2019 because it did not have enough funds to pay bills due to the delayed in HAP reimbursement. The 11/2019 HAP billing has not been paid yet.Management will pursue getting HUD approval first for withdrawals. Responsible Party: Cindy Ross Implementation date: 4/01/21
FAC accepted this audit on March 19, 2020 — management decision was due September 19, 2020.
Federal Program Information ? U.S. Department of Housing and Urban Development (HUD), CFDA Number 14.157, Supportive Housing for the Elderly. Criteria ? Under HUD guidelines, the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition ? In 2019, the Housing Company did not deposit monthly required deposits in a timely manner. Context/Effect ? The Housing Company was delinquent in making ten of their twelve deposits. Tested 100% of deposits. Cause ?The Housing Company did not have the available cash to fund the reserve. Questioned Costs ? None. Identification as a Repeat Finding ? This condition did exist in the prior year (2018-003). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Show full finding ▾Hide full finding ▴Federal Program Information ? U.S. Department of Housing and Urban Development (HUD), CFDA Number 14.157, Supportive Housing for the Elderly. Criteria ? Under HUD guidelines, the Housing Company is required to make timely monthly deposits into the reserve for replacement account. Condition ? In 2019, the Housing Company did not deposit monthly required deposits in a timely manner. Context/Effect ? The Housing Company was delinquent in making ten of their twelve deposits. Tested 100% of deposits. Cause ?The Housing Company did not have the available cash to fund the reserve. Questioned Costs ? None. Identification as a Repeat Finding ? This condition did exist in the prior year (2018-003). Recommendation ? We recommend that the Housing Company set up automated deposits to ensure timely deposits are made. View of Responsible Officials and Planned Corrective Action ? Please see the attached corrective action plan as submitted by management.
Monthly required deposits to Replacement Reserve account will be set-up by Mr. Al Alayon as long as cash flow allows it.
2018-003
FAC accepted this audit on March 29, 2019 — management decision was due September 29, 2019.
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2017-002
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2017-003
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2017-004
FAC accepted this audit on April 17, 2018 — management decision was due October 17, 2018.
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2016-003
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2016-005
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FAC accepted this audit on March 30, 2017 — management decision was due September 30, 2017.
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