EIN: 133705921
UEI: GHXQKD85AHR3
Data as of August 24, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 5, 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 5, 2026 (173 days ago).
What is a management decision? →Finding No. 2024-1 Statement of Condition Residual receipts were not properly deposited into an account in accordance with HUD requirements. Criteria Owners must deposit residual receipts into a separate account within 90 days of the end of the fiscal year. Questioned Costs $223,644 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that the residual receipts were properly deposited in a separate account. Recommendation We recommend that owners take the specific actions of depositing the residual receipts into a separate account in accordance with HUD requirements. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: B – Failure to make required residual receipts deposits.
Show full finding ▾Hide full finding ▴Finding No. 2024-1 Statement of Condition Residual receipts were not properly deposited into an account in accordance with HUD requirements. Criteria Owners must deposit residual receipts into a separate account within 90 days of the end of the fiscal year. Questioned Costs $223,644 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that the residual receipts were properly deposited in a separate account. Recommendation We recommend that owners take the specific actions of depositing the residual receipts into a separate account in accordance with HUD requirements. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: B – Failure to make required residual receipts deposits.
Finding Reference Number: 2024-1 Recommendation The Company must deposit $223,644 into the residual receipts reserve. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for depositing surplus cash into the residual receipts reserve. Completion date or proposed completion date: December 31, 2025 Action(s) taken or planned on the finding Management will make the required deposit to the residual receipts reserve.
2023-001
FAC accepted this audit on September 30, 2024 — management decision was due March 30, 2025.
Finding No. 2023-1 Statement of Condition Residual receipts were not properly deposited into an account in accordance with HUD requirements. Criteria Owners must deposit residual receipts into a separate account within 90 days of the end of the fiscal year. Questioned Costs $586,006 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that the residual receipts were properly deposited in a separate account. Recommendation We recommend that owners take the specific actions of depositing the residual receipts into a separate account in accordance with HUD requirements. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: B – Failure to make required residual receipts deposits.
Show full finding ▾Hide full finding ▴Finding No. 2023-1 Statement of Condition Residual receipts were not properly deposited into an account in accordance with HUD requirements. Criteria Owners must deposit residual receipts into a separate account within 90 days of the end of the fiscal year. Questioned Costs $586,006 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that the residual receipts were properly deposited in a separate account. Recommendation We recommend that owners take the specific actions of depositing the residual receipts into a separate account in accordance with HUD requirements. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: B – Failure to make required residual receipts deposits.
Finding Reference Number: 2023-1 Recommendation The Company must deposit $586,006 into the residual receipts reserve. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for depositing surplus cash into the residual receipts reserve. Completion date or proposed completion date: December 31, 2024 Action(s) taken or planned on the finding Management will make the required deposit to the residual receipts reserve.
2022-002
Finding No. 2023-2 Statement of Condition During 2023, the Company made unauthorized payments to related parties in the amount of $144,097. Criteria The Company must make required surplus cash deposits to the residual receipts reserve prior to making payments on related party payables. Questioned Costs $144,097 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that surplus cash is deposited to the residual receipts reserve prior to making payments on related party payables. Recommendation Management should establish internal controls and procedures to ensure that surplus cash is properly monitored and disbursed. The unauthorized payments should be returned to the Company. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for accounting for this in the future. Management will ensure that the unauthorized payments will be returned to the Company. Auditor Noncompliance Code: H – Unauthorized distributions of project assets
Show full finding ▾Hide full finding ▴Finding No. 2023-2 Statement of Condition During 2023, the Company made unauthorized payments to related parties in the amount of $144,097. Criteria The Company must make required surplus cash deposits to the residual receipts reserve prior to making payments on related party payables. Questioned Costs $144,097 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that surplus cash is deposited to the residual receipts reserve prior to making payments on related party payables. Recommendation Management should establish internal controls and procedures to ensure that surplus cash is properly monitored and disbursed. The unauthorized payments should be returned to the Company. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for accounting for this in the future. Management will ensure that the unauthorized payments will be returned to the Company. Auditor Noncompliance Code: H – Unauthorized distributions of project assets
Finding Reference Number: 2023-2 Recommendation Management should establish internal controls and procedures to ensure that surplus cash is properly monitored and disbursed. Reporting views of responsible officials Auditee concurs with this finding. Auditee agrees with auditor recommendations. Completion date or proposed completion date: December 31, 2024 Action(s) taken or planned on the finding Management agrees with the recommendation of the auditor and internal controls are being put in place to ensure that surplus cash is deposited into the residual receipts reserve prior to paying down intercompany balances.
FAC accepted this audit on November 28, 2023 — management decision was due May 28, 2024.
Section III - Findings and Questioned Costs-Major Federal Award Program Audit Finding No. 2022-1 Statement of Condition The electronic submission of the financial statements was overdue. Criteria The financial statements must be electronically submitted to HUD through FASSUB within 90 days of fiscal year-end. Questioned Costs None Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls are not in place to ensure that the Company records and reports financial data on time. Recommendation We recommend that the electronic submission be completed as soon as possible. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: K – Electronic submission verification
Show full finding ▾Hide full finding ▴Section III - Findings and Questioned Costs-Major Federal Award Program Audit Finding No. 2022-1 Statement of Condition The electronic submission of the financial statements was overdue. Criteria The financial statements must be electronically submitted to HUD through FASSUB within 90 days of fiscal year-end. Questioned Costs None Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls are not in place to ensure that the Company records and reports financial data on time. Recommendation We recommend that the electronic submission be completed as soon as possible. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: K – Electronic submission verification
Finding Reference Number: 2022-1 Recommendation We recommend that the electronic submissions be completed as soon as possible. Reporting views of responsible officials Auditee concurs with this finding. Completion date or proposed completion date: June 15, 2023 Action(s) taken or planned on the finding Management will take steps to implement strong internal control to report financial data on time.
2021-002
Section III - Findings and Questioned Costs-Major Federal Award Program Audit Finding No. 2022-2 Statement of Condition Residual receipts were not properly deposited into an account in accordance with HUD requirements. Criteria Owners must deposit residual receipts into a separate account within 90 days of the end of the fiscal year. Questioned Costs $53,053 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that the residual receipts were properly deposited in a separate account. Recommendation We recommend that owners take the specific actions of depositing the residual receipts into a separate account in accordance with HUD requirements. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: B – Failure to make required residual receipts deposits.
Show full finding ▾Hide full finding ▴Section III - Findings and Questioned Costs-Major Federal Award Program Audit Finding No. 2022-2 Statement of Condition Residual receipts were not properly deposited into an account in accordance with HUD requirements. Criteria Owners must deposit residual receipts into a separate account within 90 days of the end of the fiscal year. Questioned Costs $53,053 Effect or potential effect The Company is in non-compliance with specific requirements of a major federal program. Cause Controls and actions were not taken to ensure that the residual receipts were properly deposited in a separate account. Recommendation We recommend that owners take the specific actions of depositing the residual receipts into a separate account in accordance with HUD requirements. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: B – Failure to make required residual receipts deposits.
Finding Reference Number: 2022-2 Recommendation The Company must deposit $53,053 into the residual receipts reserve. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for depositing surplus cash into the residual receipts reserve. Completion date or proposed completion date: June 2023 Action(s) taken or planned on the finding As of June 2023, management has deposited $53,053 into the residual receipts reserve.
Section III - Findings and Questioned Costs-Major Federal Award Program Audit Finding No. 2022-3 Statement of Condition A security deposits cash account was not established in accordance with HUD regulations in that funds were not segregated from the operating account. Criteria The tenant security deposits cash account must be kept in a separate, interest bearing account in the name of the Company, per HUD Handbook 4370.2 REV-1. Questioned Costs $17,312 Effect or potential effect The Company is noncompliant with specific requirements of its major federal program. Cause Controls are not in place to ensure tenant security deposits are maintained in accordance with HUD regulations. Recommendation Management should set up a separate bank account in the Company's name for tenant security deposits. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for creating a separate bank account in the Company's name for tenant security deposits. Auditor Noncompliance Code: M – Security Deposits
Show full finding ▾Hide full finding ▴Section III - Findings and Questioned Costs-Major Federal Award Program Audit Finding No. 2022-3 Statement of Condition A security deposits cash account was not established in accordance with HUD regulations in that funds were not segregated from the operating account. Criteria The tenant security deposits cash account must be kept in a separate, interest bearing account in the name of the Company, per HUD Handbook 4370.2 REV-1. Questioned Costs $17,312 Effect or potential effect The Company is noncompliant with specific requirements of its major federal program. Cause Controls are not in place to ensure tenant security deposits are maintained in accordance with HUD regulations. Recommendation Management should set up a separate bank account in the Company's name for tenant security deposits. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for creating a separate bank account in the Company's name for tenant security deposits. Auditor Noncompliance Code: M – Security Deposits
Finding Reference Number: 2022-3 Recommendation The Company should set up a separate bank account in the Company’s name for tenant security deposits. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for creating a separate bank account in the Company’s name for tenant security deposits. Completion date or proposed completion date: April 2023 Action(s) taken or planned on the finding As of April 2023, management has set up a separate bank account in the Company’s name for tenant security deposits.
2021-003
FAC accepted this audit on May 3, 2023 — management decision was due November 3, 2023.
Statement of Condition The electronic submissions of the financial statements were overdue. Criteria The financial statements must be electronically submitted to HUD through FASSUB within 90 days of fiscal year-end. The financial statements must also be submitted to the Federal Audit Clearinghouse within 9 months of fiscal year-end. Questioned Costs None Effect or potential effect The Company is in non-compliance with specific requirements of a major HUD-assisted program. Cause Controls are not in place to ensure that the Company records and reports financial data on time. Recommendation We recommend that the electronic submission be completed as soon as possible. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: K ? Electronic submission verification
Show full finding ▾Hide full finding ▴Statement of Condition The electronic submissions of the financial statements were overdue. Criteria The financial statements must be electronically submitted to HUD through FASSUB within 90 days of fiscal year-end. The financial statements must also be submitted to the Federal Audit Clearinghouse within 9 months of fiscal year-end. Questioned Costs None Effect or potential effect The Company is in non-compliance with specific requirements of a major HUD-assisted program. Cause Controls are not in place to ensure that the Company records and reports financial data on time. Recommendation We recommend that the electronic submission be completed as soon as possible. Reporting views of responsible officials Auditee agrees with the auditor. Auditor Noncompliance Code: K ? Electronic submission verification
Finding Reference Number: 2021-2 Recommendation We recommend that the electronic submissions be completed as soon as possible. Reporting views of responsible officials Auditee concurs with this finding. Completion date or proposed completion date: March 31, 2023 Action(s) taken or planned on the finding Management will take steps to implement strong internal control to report financial data on time.
Statement of Condition A security deposits cash account was not established in accordance with HUD regulations in that funds were not segregated from the operating account. Criteria The tenant security deposits cash account must be kept in a separate, interest bearing account in the name of the Company, per HUD Handbook 4370.2 REV-1. Questioned Costs $19,531 Effect or potential effect The Company is noncompliant with specific requirements of its major HUD program. Cause Controls are not in place to ensure tenant security deposits are maintained in accordance with HUD regulations. Recommendation Management should set up a separate bank account in the Company's name for tenant security deposits. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for creating a separate bank account in the Company's name for tenant security deposits. Auditor Noncompliance Code: M ? Security Deposits
Show full finding ▾Hide full finding ▴Statement of Condition A security deposits cash account was not established in accordance with HUD regulations in that funds were not segregated from the operating account. Criteria The tenant security deposits cash account must be kept in a separate, interest bearing account in the name of the Company, per HUD Handbook 4370.2 REV-1. Questioned Costs $19,531 Effect or potential effect The Company is noncompliant with specific requirements of its major HUD program. Cause Controls are not in place to ensure tenant security deposits are maintained in accordance with HUD regulations. Recommendation Management should set up a separate bank account in the Company's name for tenant security deposits. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for creating a separate bank account in the Company's name for tenant security deposits. Auditor Noncompliance Code: M ? Security Deposits
Finding Reference Number: 2021-3 Recommendation The Company should set up a separate bank account in the Company?s name for tenant security deposits. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for creating a separate bank account in the Company?s name for tenant security deposits. Completion date or proposed completion date: September 30, 2022 Action(s) taken or planned on the finding As of September 2022, management has set up a separate bank account in the Company?s name for tenant security deposits. Corrective Action Plan prepared by: Name: Ruby Rodriguez Title: Vice President Telephone: (347)-226-2486 Date: April 20, 2023
FAC accepted this audit on August 25, 2021 — management decision was due February 25, 2022.
Statement of Condition During 2020, the Company made unauthorized payments to related parties in the amount of $115,064. Criteria The Company must have sufficient surplus cash in order to make payments on related party payables. Questioned Costs $115,064 Effect or potential effect The Company is not in compliance with the requirements of the regulatory agreement. Cause Controls are not in place to ensure that there is sufficient surplus cash to make payments for related party payables. Recommendation Management should establish internal controls and procedures to ensure that surplus cash is properly monitored and disbursed. The unauthorized payments should be returned to the Company. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for accounting for this in the future. Management will ensure that the unauthorized payments will be returned to the Company. Auditor Noncompliance Code: H ? Unauthorized distribution of project assets
Show full finding ▾Hide full finding ▴Statement of Condition During 2020, the Company made unauthorized payments to related parties in the amount of $115,064. Criteria The Company must have sufficient surplus cash in order to make payments on related party payables. Questioned Costs $115,064 Effect or potential effect The Company is not in compliance with the requirements of the regulatory agreement. Cause Controls are not in place to ensure that there is sufficient surplus cash to make payments for related party payables. Recommendation Management should establish internal controls and procedures to ensure that surplus cash is properly monitored and disbursed. The unauthorized payments should be returned to the Company. Reporting views of responsible officials Auditee agrees with the auditor and management will be responsible for accounting for this in the future. Management will ensure that the unauthorized payments will be returned to the Company. Auditor Noncompliance Code: H ? Unauthorized distribution of project assets
Recommendation Management should establish internal controls and procedures to ensure that surplus cash is properly monitored and disbursed. Reporting views of responsible officials Auditee concurs with this finding. Auditee agrees with auditor recommendations. Completion date or proposed completion date: December 31, 2021 Action(s) taken or planned on the finding MBD agrees with the recommendation of the auditor and internal controls are being put in place to ensure that there is appropriate surplus cash levels in order to pay down the intercompany balances in a manner that is inline with HUD guidance.
FAC accepted this audit on May 1, 2018 — management decision was due November 1, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on June 11, 2017 — management decision was due December 11, 2017.
GSA_MIGRATION
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