EIN: 132795194
UEI: MBDAJNDGETK6
Audited by: EFPR GROUP CPA’S, PLLC
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 27, 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 27, 2026 (38 days ago).
What is a management decision? →FAC accepted this audit on January 31, 2025 — management decision was due July 31, 2025.
FAC accepted this audit on April 25, 2024 — management decision was due October 25, 2024.
FAC accepted this audit on June 6, 2023 — management decision was due December 6, 2023.
Statement of Condition During the year ended October 31, 2022, the mortgage lender did not require the project to make the required monthly deposits to the replacement reserve in the total amount of $69,996. The project is required to make monthly deposits to the reserve in the amount of $5,833. Criteria The regulatory agreement requires that the project make monthly deposits to its replacement reserve. Cause The mortgage lender did not implement monthly deposits to the replacement reserve account in keeping with the regulatory agreement requirements. Effect or Potential Effect Failure to make monthly payments resulted in an underfunding of the replacement reserve and a violation of the regulatory agreement. Recommendation Management should establish internal controls or procedures to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement. Auditor Noncompliance Code N - Reserve for replacements deposits Finding Resolution Status Resolved Reporting Views of Responsible Officials Management transferred $93,333 to the replacement reserve account effective March 22, 2023 to fund the delinquent amount. In addition, management contacted the mortgage lender to reinstate monthly reserve funding beginning April 1, 2023.
Show full finding ▾Hide full finding ▴Statement of Condition During the year ended October 31, 2022, the mortgage lender did not require the project to make the required monthly deposits to the replacement reserve in the total amount of $69,996. The project is required to make monthly deposits to the reserve in the amount of $5,833. Criteria The regulatory agreement requires that the project make monthly deposits to its replacement reserve. Cause The mortgage lender did not implement monthly deposits to the replacement reserve account in keeping with the regulatory agreement requirements. Effect or Potential Effect Failure to make monthly payments resulted in an underfunding of the replacement reserve and a violation of the regulatory agreement. Recommendation Management should establish internal controls or procedures to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement. Auditor Noncompliance Code N - Reserve for replacements deposits Finding Resolution Status Resolved Reporting Views of Responsible Officials Management transferred $93,333 to the replacement reserve account effective March 22, 2023 to fund the delinquent amount. In addition, management contacted the mortgage lender to reinstate monthly reserve funding beginning April 1, 2023.
The project did not make the required monthly deposits to the replacement reserve in the amount of $69,996 as the result of an oversight by the mortgage lender. The project is required to make monthly deposits to the reserve of $5,833. Management transferred $93,333 to the replacement reserve effective March 22, 2023 to fund the delinquent amount. In addition, management contacted the mortgage lender to reinstate monthly reserve funding beginning April 1, 2023.
FAC accepted this audit on May 1, 2022 — management decision was due November 1, 2022.
FAC accepted this audit on January 26, 2021 — management decision was due July 26, 2021.
FAC accepted this audit on January 23, 2020 — management decision was due July 23, 2020.
FAC accepted this audit on January 27, 2019 — management decision was due July 27, 2019.
FAC accepted this audit on February 21, 2018 — management decision was due August 21, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on June 6, 2017 — management decision was due December 6, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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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