EIN: 161175282
UEI: LNTHJQAQ25H1
Audited by: Bonadio & 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 August 26, 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 February 26, 2027 (173 days from today).
What is a management decision? →The required deposit of $19,309 for the year ended September 30, 2024 was made on January 8, 2025, which is after the 90 day deadline. Context: We reviewed the residual receipts deposits during the year. Cause: St. Luke Apartments’ surplus cash was not performed timely. Effect: St. Luke Apartments is not in compliance with the HUD Regulatory Agreement as it relates to the management of the residual receipts reserve. Questioned Costs: None. This finding relates to timeliness of remittance and did not represent costs charged to a federal award that were unsupported or unallowable. Recommendation: St. Luke Apartments should ensure residual receipts are made within 90 days of year-end in accordance with the HUD Regulatory Agreement. Views of management and planned corrective action: St. Luke Apartments agrees with the finding and the required payment was made on January 8, 2025.
Show full finding ▾Hide full finding ▴Finding 2025-001: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 Criteria: St. Luke Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 90 days of the Project’s fiscal year-end. Condition: The required deposit of $19,309 for the year ended September 30, 2024 was made on January 8, 2025, which is after the 90 day deadline. Context: We reviewed the residual receipts deposits during the year. Cause: St. Luke Apartments’ surplus cash was not performed timely. Effect: St. Luke Apartments is not in compliance with the HUD Regulatory Agreement as it relates to the management of the residual receipts reserve. Questioned Costs: None. This finding relates to timeliness of remittance and did not represent costs charged to a federal award that were unsupported or unallowable. Recommendation: St. Luke Apartments should ensure residual receipts are made within 90 days of year-end in accordance with the HUD Regulatory Agreement. Views of management and planned corrective action: St. Luke Apartments agrees with the finding and the required payment was made on January 8, 2025.
U.S. Department of Housing and Urban Development St. Luke Housing Development Fund Company, Inc. (St. Luke Apartments), FHA Project No. 014-11157 respectfully submits the following corrective action plan for the year ended September 30, 2025. Name and address of independent public accounting firm: Bonadio & Co., LLP, 432 North Franklin Street #60, Syracuse, New York 13204 Audit period: October 1, 2024 – September 30, 2025 The finding from the 2025 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. FINDINGS – FINANCIAL STATEMENT AUDIT None FINDINGS – FEDERAL AWARD PROGRAM AUDIT Finding 2025-001: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 Condition: The required deposit of $19,309 for the year ended September 30, 2024 was made after the 90 day deadline. Recommendation: St. Luke Apartments should ensure residual receipts are made within 90 days of year-end in accordance with the HUD Regulatory Agreement. Action Taken: The required deposit was made on January 8, 2025. Completion Date: January 8, 2025 Name of Contact Person Responsible for Corrective Action: John Lutz, Vice President of Finance, (315) 424-1821.
FAC accepted this audit on March 22, 2025 — management decision was due September 22, 2025.
FAC accepted this audit on March 20, 2024 — management decision was due September 20, 2024.
The required deposit of $4,419 for the year ended September 30, 2022 was not made within the 60 day timeline. Context: We reviewed the residual receipts deposits during the year. Cause: St. Luke Apartments’ surplus cash was not performed timely. Effect: St. Luke Apartments is not in compliance with the HUD Regulatory Agreement as it relates to the management of the residual receipts reserve. Recommendation: St. Luke Apartments should ensure residual receipts are made within 60 days of year-end in accordance with the HUD Regulatory Agreement. Views of management and planned corrective action: St. Luke Apartments agrees with the finding and the required payment was made after the 60-day timeline.
Show full finding ▾Hide full finding ▴Finding 2023-001: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 Criteria: St. Luke Apartments is required to determine surplus cash requirements annually. If surplus cash exists, the amount must be transferred from the operating account to the residual receipts account within 60 days of the Project’s fiscal year-end. Condition: The required deposit of $4,419 for the year ended September 30, 2022 was not made within the 60 day timeline. Context: We reviewed the residual receipts deposits during the year. Cause: St. Luke Apartments’ surplus cash was not performed timely. Effect: St. Luke Apartments is not in compliance with the HUD Regulatory Agreement as it relates to the management of the residual receipts reserve. Recommendation: St. Luke Apartments should ensure residual receipts are made within 60 days of year-end in accordance with the HUD Regulatory Agreement. Views of management and planned corrective action: St. Luke Apartments agrees with the finding and the required payment was made after the 60-day timeline.
U.S. Department of Housing and Urban Development St. Luke Apartments St. Luke Housing Development Fund Company, Inc. (St. Luke Apartments), FHA Project No. 014-11157 respectfully submits the following corrective action plan for the year ended September 30, 2023. Name and address of independent public accounting firm: Bonadio & Co., LLP 432 North Franklin Street #60 Syracuse, New York 13204 Audit period: October 1, 2022 – September 30, 2023 The findings from the 2023 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. FINDINGS – FINANCIAL STATEMENT AUDIT None FINDINGS – FEDERAL AWARD PROGRAM AUDIT Finding 2023-001: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155 Recommendation: St. Luke Apartments should ensure residual receipts are made within 60 days of year-end in accordance with the HUD Regulatory Agreement. Action Taken: St. Luke Apartments made the required payment was made after the 60-day timeline. Completion Date: February 2024 Name of Contact Person Responsible for Corrective Action: Kyle Lyskawa, CFO (315) 424-1821
FAC accepted this audit on March 5, 2023 — management decision was due September 5, 2023.
FAC accepted this audit on January 26, 2022 — management decision was due July 26, 2022.
During 2021, St. Luke Apartments was not in compliance with their regulatory agreement with respect to reserve and debt service savings requirements. Criteria: The HUD regulatory agreement and HUD debt service savings agreement states monthly deposits of $2,344 and $13,393.48 shall be made to the reserve and debt service savings accounts beginning 9/1/2020 and 5/1/2021, respectively. Context: During testing restricted deposit testing, it was noted that St. Luke Apartments did not adjust the amount of deposits the correct monthly amounts to the reserve and the debt service savings account as stated in the amended agreements. Cause: St. Luke Apartments did not have a process in place to identify the change in required monthly deposits and initiate the change timely. Effect: Failure to deposit the revised amounts to the reserve and debt service savings requirements is not compliant with the regulatory agreement. Recommendation: Develop a control to ensure that changes in the regulatory agreements are implemented in a timely fashion to ensure compliance with said agreements. Views of Responsible Official of the Auditee: St. Luke Apartments has made deposits to the reserve for replacement account in the amount of $412 and to the debt service savings account of $5,647 in October 2021. Additionally, St. Luke Apartments and its management company Christopher Community, Inc. has implemented controls to ensure that changes in the regulatory agreements are updated timely within the accounting system to ensure deposits are made according to any changes in said agreements.
Show full finding ▾Hide full finding ▴Finding 2021-001 Program: U.S. Department of Housing and Urban Development (HUD) Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects (Section 223(f)207) CFDA #14.155. Condition: During 2021, St. Luke Apartments was not in compliance with their regulatory agreement with respect to reserve and debt service savings requirements. Criteria: The HUD regulatory agreement and HUD debt service savings agreement states monthly deposits of $2,344 and $13,393.48 shall be made to the reserve and debt service savings accounts beginning 9/1/2020 and 5/1/2021, respectively. Context: During testing restricted deposit testing, it was noted that St. Luke Apartments did not adjust the amount of deposits the correct monthly amounts to the reserve and the debt service savings account as stated in the amended agreements. Cause: St. Luke Apartments did not have a process in place to identify the change in required monthly deposits and initiate the change timely. Effect: Failure to deposit the revised amounts to the reserve and debt service savings requirements is not compliant with the regulatory agreement. Recommendation: Develop a control to ensure that changes in the regulatory agreements are implemented in a timely fashion to ensure compliance with said agreements. Views of Responsible Official of the Auditee: St. Luke Apartments has made deposits to the reserve for replacement account in the amount of $412 and to the debt service savings account of $5,647 in October 2021. Additionally, St. Luke Apartments and its management company Christopher Community, Inc. has implemented controls to ensure that changes in the regulatory agreements are updated timely within the accounting system to ensure deposits are made according to any changes in said agreements.
ST. LUKE HOUSING DEVELOPMENT FUND COMPANY, INC. (ST. LUKE APARTMENTS) FHA PROJECT NO. 014-11157 CORRECTIVE ACTION PLAN FOR THE YEAR ENDED SEPTEMBER 30, 2021 2021-001 Statement of Condition: During 2021, St. Luke Apartments was not in compliance with their regulatory agreement with respect to reserve and debt service savings requirements. Recommendation: Our auditors recommend we develop a control to ensure that changes in the regulatory agreements are implemented in a timely fashion to ensure compliance with said agreements. Action taken: St. Luke Apartments has made deposits to the reserve for replacement account in the amount of $412 and to the debt service savings account of $5,647 in October 2021. Additionally, St. Luke Apartments and its management company Christopher Community, Inc. has implemented controls to ensure that changes in the regulatory agreements are updated timely within the accounting system to ensure deposits are made according to any changes in said agreements. Name(s) of Contact Person(s) Responsible for Corrective Action: Kyle Lyskawa Chief Financial Officer (315) 424-1821 Anticipated Completion Date: October 2021
FAC accepted this audit on December 30, 2020 — management decision was due June 30, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on January 14, 2019 — management decision was due July 14, 2019.
FAC accepted this audit on January 16, 2018 — management decision was due July 16, 2018.
FAC accepted this audit on January 11, 2017 — management decision was due July 11, 2017.
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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