EIN: 131897042
UEI: QCPLA5YNZZT9
Audited by: CBIZ CPAs P.C.
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 7, 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 August 7, 2025 (391 days ago).
What is a management decision? →The Project failed to deposit the current year’s required surplus cash into its residual receipts account within 90 days of year-end. Additionally, the Project underfunded its residual receipts account by failing to deposit the total current year’s surplus cash amount. Criteria: The Company is required to follow HUD’s guidelines and procedures for depositing the total current year surplus cash into a residual receipts account within 90 days after the end of the fiscal period. Cause: Internal controls at the Company are not properly designed to ensure timely deposit of surplus cash amounts. Effect: The Company was not in compliance with their Regulatory Agreement. Context: During our recalculation of management’s computation of surplus cash, we noted the residual receipts deposit was based on a preliminary calculation which resulted in the residual receipts account being underfunded by $653. Recommendation: The Company should design their internal controls to ensure the calculation of surplus cash is performed timely, to ensure that they will comply with HUD guidelines, as stated above. Reporting Views of Responsible Officials: Management has acknowledged a breach in protocol and deposited the current year’s surplus cash on February 6, 2025. Prior Year Finding: Yes
Show full finding ▾Hide full finding ▴Condition: The Project failed to deposit the current year’s required surplus cash into its residual receipts account within 90 days of year-end. Additionally, the Project underfunded its residual receipts account by failing to deposit the total current year’s surplus cash amount. Criteria: The Company is required to follow HUD’s guidelines and procedures for depositing the total current year surplus cash into a residual receipts account within 90 days after the end of the fiscal period. Cause: Internal controls at the Company are not properly designed to ensure timely deposit of surplus cash amounts. Effect: The Company was not in compliance with their Regulatory Agreement. Context: During our recalculation of management’s computation of surplus cash, we noted the residual receipts deposit was based on a preliminary calculation which resulted in the residual receipts account being underfunded by $653. Recommendation: The Company should design their internal controls to ensure the calculation of surplus cash is performed timely, to ensure that they will comply with HUD guidelines, as stated above. Reporting Views of Responsible Officials: Management has acknowledged a breach in protocol and deposited the current year’s surplus cash on February 6, 2025. Prior Year Finding: Yes
Management has acknowledged a breach in protocol and deposited the current year’s surplus cash on February 6, 2025.
2022-004
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