EIN: 141778580
UEI: EH3AVZBMME89
Audited by: EFPR GROUP CPA’S, PLLC
Oversight agency: 14 [Department of Housing and Urban Development]
Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 10, 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 September 10, 2026 (13 days from today).
What is a management decision? →Condition - The surplus cash for the year ended December 31, 2024 in the amount of $21,250 was not deposited into the residual receipts account during the year ended December 31, 2025. Criteria - Non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make deposits into the account within 90 days after the close of the fiscal year in accordance with compliance requirements associated with Assistance Listing Number 14,157 - Supportive Housing for the Elderly. Effect - The Company is not in compliance with the above HUD regulation. Cause - Surplus cash was not deposited into the residual receipts account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2024-002 from the prior year. Recommendation - We recommend that the surplus cash in the amount of $21,250 be deposited in to the residual receipts account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management has deposited the underfunded amount of $21,250 into the residual account on February 19, 2026.
Show full finding ▾Hide full finding ▴Condition - The surplus cash for the year ended December 31, 2024 in the amount of $21,250 was not deposited into the residual receipts account during the year ended December 31, 2025. Criteria - Non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make deposits into the account within 90 days after the close of the fiscal year in accordance with compliance requirements associated with Assistance Listing Number 14,157 - Supportive Housing for the Elderly. Effect - The Company is not in compliance with the above HUD regulation. Cause - Surplus cash was not deposited into the residual receipts account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2024-002 from the prior year. Recommendation - We recommend that the surplus cash in the amount of $21,250 be deposited in to the residual receipts account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management has deposited the underfunded amount of $21,250 into the residual account on February 19, 2026.
Name of auditee: Town of Plattsburgh Housing Development Fund Company, Inc. TIN: 014-EE068 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: December 31, 2025 CAP prepared by: David Kimmel President Two Plus Four Property Management Co,. Inc. (315) 437-2178 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations Finding 2025-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management has deposited the underfunded amount of $21,250 into the residual account on February 19, 2026.
2024-002
FAC accepted this audit on March 11, 2025 — management decision was due September 11, 2025.
(2024-001) Reserve for Replacements Condition - The reserve for replacements account is underfunded by $6,000 for the year ended December 31, 2024. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $3,000 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year ended December 31, 2022 and the underfunded amount of $6,000 has yet to be deposited. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-001 from the prior year. Recommendation - We recommend that the delinquent deposit totaling $6,000 for the year ended December 31, 2024 be deposited into the reserve for replacements account as soon as possible. Management’s Reply -Finding 2024-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will take action to deposit the underfunded amount of $6,000 into the reserve for replacements account in February 2025.
Show full finding ▾Hide full finding ▴(2024-001) Reserve for Replacements Condition - The reserve for replacements account is underfunded by $6,000 for the year ended December 31, 2024. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $3,000 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year ended December 31, 2022 and the underfunded amount of $6,000 has yet to be deposited. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-001 from the prior year. Recommendation - We recommend that the delinquent deposit totaling $6,000 for the year ended December 31, 2024 be deposited into the reserve for replacements account as soon as possible. Management’s Reply -Finding 2024-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will take action to deposit the underfunded amount of $6,000 into the reserve for replacements account in February 2025.
Corrective Action Plan (CAP) Name of auditee: Town of Plattsburgh Housing Development Fund Company, Inc. TIN: 014-EE068 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: December 31, 2024 CAP prepared by: David Kimmel President Two Plus Four Property Management Co,. Inc. (315) 437-2178 Finding 2024-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will take action to deposit the underfunded amount of $6,000 into the reserve for replacements account in February 2025.
2023-001
(2024-002) Residual Receipts Condition - The surplus cash for the year ended December 31, 2022 in the amount of $11,218 was not deposited into the residual receipts account during the years ended December 31, 2023 and 2024. Criteria - Non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make deposits into the account within 90 days after the close of the fiscal year in accordance with compliance requirements associated with Assistance Listing Number 14,157 - Supportive Housing for the Elderly. Effect - The Company is not in compliance with the above HUD regulations. Cause - Surplus cash was not deposited into the residual receipts account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-002 from the prior year. Recommendation - We recommend that the surplus cash in the amount of $11,218 be deposited in to the residual receipts account as soon as possible. Management’s Reply - Finding 2024-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will take action to deposit the underfunded amount of $11,218 into the residual account in February 2025.
Show full finding ▾Hide full finding ▴(2024-002) Residual Receipts Condition - The surplus cash for the year ended December 31, 2022 in the amount of $11,218 was not deposited into the residual receipts account during the years ended December 31, 2023 and 2024. Criteria - Non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make deposits into the account within 90 days after the close of the fiscal year in accordance with compliance requirements associated with Assistance Listing Number 14,157 - Supportive Housing for the Elderly. Effect - The Company is not in compliance with the above HUD regulations. Cause - Surplus cash was not deposited into the residual receipts account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-002 from the prior year. Recommendation - We recommend that the surplus cash in the amount of $11,218 be deposited in to the residual receipts account as soon as possible. Management’s Reply - Finding 2024-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will take action to deposit the underfunded amount of $11,218 into the residual account in February 2025.
Corrective Action Plan (CAP) Name of auditee: Town of Plattsburgh Housing Development Fund Company, Inc. TIN: 014-EE068 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: December 31, 2024 CAP prepared by: David Kimmel President Two Plus Four Property Management Co,. Inc. (315) 437-2178 Finding 2024-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will take action to deposit the underfunded amount of $11,218 into the residual account in February 2025.
2023-002
FAC accepted this audit on September 24, 2024 — management decision was due March 24, 2025.
Condition - The reserve for replacements account is underfunded by $6,000 for the year ended December 31, 2023. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $3,000 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2022-001 from the prior year. Recommendation - We recommend that the delinquent deposit totaling $6,000 for the year ended December 31, 2023 be deposited into the reserve for replacements account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amount of $6,000 into the reserve for replacements account during August 2024.
Show full finding ▾Hide full finding ▴Condition - The reserve for replacements account is underfunded by $6,000 for the year ended December 31, 2023. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $3,000 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2022-001 from the prior year. Recommendation - We recommend that the delinquent deposit totaling $6,000 for the year ended December 31, 2023 be deposited into the reserve for replacements account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amount of $6,000 into the reserve for replacements account during August 2024.
Name of auditee: Town of Plattsburgh Housing Development Fund Company, Inc. TIN: 014-EE068 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: December 31, 2023 CAP prepared by: David Kimmel President Two Plus Four Property Management Co,. Inc. (315) 437-2178 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations Finding 2023-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amount of $6,000 into the reserve for replacements account during August 2024.
2022-001
Condition - The surplus cash for the year ended December 31, 2022 in the amount of $11,218 was not deposited into the residual receipts account during the year ended December 31, 2023. Criteria - Non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make deposits into the account within 90 days after the close of the fiscal year in accordance with compliance requirements associated with Assistance Listing Number 14,157 - Supportive Housing for the Elderly. Effect - The Company is not in compliance with the above HUD regulations. Cause - Surplus cash was not deposited into the residual receipts account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Recommendation - We recommend that the surplus cash in the amount of $11,218 be deposited in to the residual receipts account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the surplus cash in the amount of $11,218 into the residual receipts account during August 2024.
Show full finding ▾Hide full finding ▴Condition - The surplus cash for the year ended December 31, 2022 in the amount of $11,218 was not deposited into the residual receipts account during the year ended December 31, 2023. Criteria - Non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make deposits into the account within 90 days after the close of the fiscal year in accordance with compliance requirements associated with Assistance Listing Number 14,157 - Supportive Housing for the Elderly. Effect - The Company is not in compliance with the above HUD regulations. Cause - Surplus cash was not deposited into the residual receipts account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Recommendation - We recommend that the surplus cash in the amount of $11,218 be deposited in to the residual receipts account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the surplus cash in the amount of $11,218 into the residual receipts account during August 2024.
Name of auditee: Town of Plattsburgh Housing Development Fund Company, Inc. TIN: 014-EE068 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: December 31, 2023 CAP prepared by: David Kimmel President Two Plus Four Property Management Co,. Inc. (315) 437-2178 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations Finding 2023-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the surplus cash in the amount of $11,218 into the residual receipts account during August 2024.
FAC accepted this audit on January 16, 2024 — management decision was due July 16, 2024.
Condition - The reserve for replacements account is underfunded by $21,000 for the year ended December 31, 2022. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $3,000 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year. Recommendation - We recommend that the delinquent deposit totaling $21,000 for the year ended December 31, 2022 be deposited into the reserve for replacements account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: The Company currently does not have enough operating funds to deposit the underfunded amount of $21,000 into the reserve for replacements account. Management will deposit funds after registering with HUD and the receipt of HAP.
Show full finding ▾Hide full finding ▴Condition - The reserve for replacements account is underfunded by $21,000 for the year ended December 31, 2022. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $3,000 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year. Recommendation - We recommend that the delinquent deposit totaling $21,000 for the year ended December 31, 2022 be deposited into the reserve for replacements account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: The Company currently does not have enough operating funds to deposit the underfunded amount of $21,000 into the reserve for replacements account. Management will deposit funds after registering with HUD and the receipt of HAP.
Name of auditee: Town of Plattsburgh Housing Development Fund Company, Inc. TIN: 014-EE068 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: December 31, 2022 CAP prepared by: David Kimmel President Two Plus Four Property Management Co,. Inc. (315) 437-2178 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations Finding 2022-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: The Company currently does not have enough operating funds to deposit the underfunded amount of $21,000 into the reserve for replacements account. Management will deposit funds after registering with HUD and the receipt of HAP.
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