EIN: 131624195
UEI: QHDMHKJNLGN6
Audited by: Mengel, Metzger, Barr & Co. LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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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 January 19, 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 July 19, 2026 (45 days ago).
What is a management decision? →The Single Audit was not filed within 9 months after year end as required by the Federal Audit Clearinghouse. Statement of Cause: The audit of the financial statements and Single Audit was not able to be completed prior to the submission deadline. Delays in obtaining information related to testing for the major program was the most significant contributing factor. Statement of Effect: The Foundation was not in compliance with federal guidelines. Questioned Costs: None Perspective Information: The Foundation has not previously had a financial statement audit or single audit. This caused delays in the process as additional considerations were necessary. Additionally, due to the nature of the major program, there was a significant volume of information accumulated for determining distribution of the funds. While most of this information was centrally located, some items requested for testing needed to be obtained from outside of that central location which caused delays in the process. Recommendation: We recommend management review policies and procedures to ensure timely and accurate information is available in order to complete the audit process timely. Views of responsible officials and planned corrective actions: Management will ensure that the single audit and all necessary addendums and reports are filed on time.
Show full finding ▾Hide full finding ▴Compliance with Reporting Requirements Information on Federal Program: U.S. Department of Housing and Urban Development CDBG-Entitlement/Special Purpose Grants Cluster, COVID-19 CDBG-CV Assistance Listing number 14.218, passed through New York State Housing Trust Fund Corporation. Criteria: 2 CFR section 200.512(a) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from the auditor or 9 months after the end of the reporting period. Therefore, the December 31, 2024, reporting package deadline was September 30, 2025. Statement of Condition: The Single Audit was not filed within 9 months after year end as required by the Federal Audit Clearinghouse. Statement of Cause: The audit of the financial statements and Single Audit was not able to be completed prior to the submission deadline. Delays in obtaining information related to testing for the major program was the most significant contributing factor. Statement of Effect: The Foundation was not in compliance with federal guidelines. Questioned Costs: None Perspective Information: The Foundation has not previously had a financial statement audit or single audit. This caused delays in the process as additional considerations were necessary. Additionally, due to the nature of the major program, there was a significant volume of information accumulated for determining distribution of the funds. While most of this information was centrally located, some items requested for testing needed to be obtained from outside of that central location which caused delays in the process. Recommendation: We recommend management review policies and procedures to ensure timely and accurate information is available in order to complete the audit process timely. Views of responsible officials and planned corrective actions: Management will ensure that the single audit and all necessary addendums and reports are filed on time.
Management will ensure that the single audit and all necessary addendums and reports are filed on time. Executive Director Kyle Stewart will be responsible for ensuring that accurate information necessary for the audit is available in a timely manner.
FAC accepted this audit on July 23, 2026 — management decision was due January 23, 2027.
The Single Audit was not filed within 9 months after year end as required by the Federal Audit Clearinghouse. Statement of Cause: The audit of the financial statements and Single Audit was not able to be completed prior to the submission deadline. Delays in obtaining information related to testing for the major program was the most significant contributing factor. Statement of Effect: The Foundation was not in compliance with federal guidelines. Questioned Costs: None Perspective Information: The Foundation has not previously had a financial statement audit or single audit. This caused delays in the process as additional considerations were necessary. Additionally, due to the nature of the major program, there was a significant volume of information accumulated for determining distribution of the funds. While most of this information was centrally located, some items requested for testing needed to be obtained from outside of that central location which caused delays in the process. Recommendation: We recommend management review policies and procedures to ensure timely and accurate information is available in order to complete the audit process timely. Views of responsible officials and planned corrective actions: Management will ensure that the single audit and all necessary addendums and reports are filed on time.
Show full finding ▾Hide full finding ▴Compliance with Reporting Requirements Information on Federal Program: U.S. Department of Housing and Urban Development CDBG-Entitlement/Special Purpose Grants Cluster, COVID-19 CDBG-CV Assistance Listing number 14.218, passed through New York State Housing Trust Fund Corporation. Criteria: 2 CFR section 200.512(a) requires the reporting package and data collection form to be submitted to the Federal Audit Clearinghouse the earlier of 30 calendar days after the reports are received from the auditor or 9 months after the end of the reporting period. Therefore, the December 31, 2023, reporting package deadline was September 30, 2024. Statement of Condition: The Single Audit was not filed within 9 months after year end as required by the Federal Audit Clearinghouse. Statement of Cause: The audit of the financial statements and Single Audit was not able to be completed prior to the submission deadline. Delays in obtaining information related to testing for the major program was the most significant contributing factor. Statement of Effect: The Foundation was not in compliance with federal guidelines. Questioned Costs: None Perspective Information: The Foundation has not previously had a financial statement audit or single audit. This caused delays in the process as additional considerations were necessary. Additionally, due to the nature of the major program, there was a significant volume of information accumulated for determining distribution of the funds. While most of this information was centrally located, some items requested for testing needed to be obtained from outside of that central location which caused delays in the process. Recommendation: We recommend management review policies and procedures to ensure timely and accurate information is available in order to complete the audit process timely. Views of responsible officials and planned corrective actions: Management will ensure that the single audit and all necessary addendums and reports are filed on time.
Management agrees with this finding and will review updated policies and procedures as adopted by bookkeepers. •Management will engage in consistent reviews and reconciliations to ensure that updated documentation is provided to auditors in a timely manner.•Executive Director Kyle Stewart will work in conjunction with the organization’s bookkeepers.•Action will be completed consistently and end of each fiscal year. Documentation and financial reports will be provided to auditors subsequent to execution of annual engagement. Annual audit requirements will be completed on time.
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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