EIN: 161561842
UEI: XZ3FME2EL148
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 March 25, 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 25, 2026 (20 days from today).
What is a management decision? →FAC accepted this audit on April 14, 2025 — management decision was due October 14, 2025.
FAC accepted this audit on March 29, 2024 — management decision was due September 29, 2024.
FAC accepted this audit on April 11, 2023 — management decision was due October 11, 2023.
The reserve for replacements account was underfunded by $2,525 as of December 31, 2022. Context: We reviewed the deposits into the reserve for replacements during the year. Cause: Malta House Apartments lacked adequate cash flow in 2022 to make all required deposits. Effect: Malta House Apartments was not in compliance with the regulatory agreement. Recommendation: We recommend that Malta House Apartments make the remaining $2,525 deposit into the reserve for replacements. Views of management and planned corrective action: Malta House Apartments agrees with the finding and the required payment was made in March 2023.
Show full finding ▾Hide full finding ▴Finding 2022-001: Supportive Housing for the Elderly (Section 202), Federal Assistance Listing Number 14.157 Criteria: Per the regulatory agreement, Malta House Apartments is required to make monthly deposits of $2,525 into a reserve fund for replacements. Condition: The reserve for replacements account was underfunded by $2,525 as of December 31, 2022. Context: We reviewed the deposits into the reserve for replacements during the year. Cause: Malta House Apartments lacked adequate cash flow in 2022 to make all required deposits. Effect: Malta House Apartments was not in compliance with the regulatory agreement. Recommendation: We recommend that Malta House Apartments make the remaining $2,525 deposit into the reserve for replacements. Views of management and planned corrective action: Malta House Apartments agrees with the finding and the required payment was made in March 2023.
U.S. Department of Housing and Urban Development Loretto-Malta Manor Housing Development Fund Company, Inc. (Malta Manor Apartments), HUD Project No. 014-EE180-NY06-S981-014 respectfully submits the following corrective action plan for the year ended December 31, 2022. Name and address of independent public accounting firm: Bonadio & Co., LLP 432 North Franklin Street #60 Syracuse, New York 13204 Audit period: January 1, 2022 ? December 31, 2022 The findings from the 2022 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 2022-001: Supportive Housing for the Elderly (Section 202), Federal Assistance Listing Number 14.157 Recommendation: Our auditors recommended that we make the remaining $6,000 deposit into the reserve for replacements when cash flow was sufficient. Action Taken: Malta Manor Apartments made the required payment was made in March 2023. Name of Contact Person Responsible for Corrective Action: Kyle Lyskawa, CFO, (315) 424-1821. Completion Date: February 2023
FAC accepted this audit on March 31, 2022 — management decision was due October 1, 2022.
Unit inspections were not performed during the year.Context: We reviewed 6 tenant files for documentation of unit inspections.Cause: Malta Manor Apartments did not ensure unit inspections continued through COVID.Effect: The tenant?s unit may not be in a decent, safe, and sanitary condition.Recommendation: We recommend that Malta Manor Apartments resume unit inspections andensure those inspections are properly documented in the tenant files.Views of management and planned corrective action: Malta Manor Apartments hasresumed unit inspections and will ensure those inspections are properly documented in thetenant files.
Show full finding ▾Hide full finding ▴FINDINGS AND QUESTIONED COSTS - MAJOR FEDERAL AWARD PROGRAM AUDITFinding 2021-001: Supportive Housing for the Elderly (Section 202), Federal AssistanceListing Number 14.157Criteria: The HUD Handbook requires owners to perform and document inspections of eachunit on at least an annual basis.Condition: Unit inspections were not performed during the year.Context: We reviewed 6 tenant files for documentation of unit inspections.Cause: Malta Manor Apartments did not ensure unit inspections continued through COVID.Effect: The tenant?s unit may not be in a decent, safe, and sanitary condition.Recommendation: We recommend that Malta Manor Apartments resume unit inspections andensure those inspections are properly documented in the tenant files.Views of management and planned corrective action: Malta Manor Apartments hasresumed unit inspections and will ensure those inspections are properly documented in thetenant files.
CORRECTIVE ACTION PLANFOR THE YEAR ENDED DECEMBER 31, 2021U.S. Department of Housing and Urban DevelopmentLoretto-Malta Manor Housing Development Fund Company, Inc. (Malta Manor Apartments), HUDProject No. 014-EE180-NY06-S981-014 respectfully submits the following corrective action plan forthe year ended December 31, 2021.Name and address of independent public accounting firm:Bonadio & Co., LLP432 North Franklin Street #60Syracuse, New York 13204Audit period:January 1, 2021 ? December 31, 2021The findings from the 2021 schedule of findings and questioned costs are discussed below. Thefindings are numbered consistently with the numbers assigned in the schedule.FINDINGS ? FINANCIAL STATEMENT AUDITNoneFINDINGS ? FEDERAL AWARD PROGRAM AUDITFinding 2021-001: Supportive Housing for the Elderly (Section 202), Federal Assistance ListingNumber 14.157Recommendation: Our auditors recommended that we resume unit inspections and ensure thoseinspections are properly documented in the tenant files.Action Taken: We are currently in the process of completing and documenting unit inspections.Name of Contact Person Responsible for Corrective Action: Kyle Lyskawa, CFO, (315) 424-1821.Anticipated Completion Date: April 2022
FAC accepted this audit on April 11, 2021 — management decision was due October 11, 2021.
In one instance of five tenant files tested, the tenant?s rent was miscalculated. The tenant?s annual income was understated by $1,992.b. Criteria: The tenant?s adjusted rent is based upon income and allowances.c. Effect of Condition: The tenant?s share of monthly rent was understated in the amount of $50.d. Cause of Condition: Procedures are in place for calculating tenant rent. In this instance, amounts were erroneously excluded from income.e. Recommendation: Malta Manor Apartments should notify the tenant of the error and recalculate the tenant?s rent.f. View of Responsible Officials and Planned Corrective Action: Malta Manor Apartments agrees with the findings and the auditor?s recommendations will be adopted.
Show full finding ▾Hide full finding ▴a. Statement of Condition: In one instance of five tenant files tested, the tenant?s rent was miscalculated. The tenant?s annual income was understated by $1,992.b. Criteria: The tenant?s adjusted rent is based upon income and allowances.c. Effect of Condition: The tenant?s share of monthly rent was understated in the amount of $50.d. Cause of Condition: Procedures are in place for calculating tenant rent. In this instance, amounts were erroneously excluded from income.e. Recommendation: Malta Manor Apartments should notify the tenant of the error and recalculate the tenant?s rent.f. View of Responsible Officials and Planned Corrective Action: Malta Manor Apartments agrees with the findings and the auditor?s recommendations will be adopted.
Condition: In one instance of five tenant files tested, the tenant?s rent was miscalculated. The tenant?s annual income was understated by $1,992.Recommendation: Malta Manor Apartments should notify the tenant of the error and recalculate the tenant?s rent.Action Taken: The property manager will recalculate the rent of the tenant in question.
FAC accepted this audit on March 15, 2020 — management decision was due September 15, 2020.
FAC accepted this audit on March 17, 2019 — management decision was due September 17, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on March 6, 2018 — management decision was due September 6, 2018.
FAC accepted this audit on March 14, 2017 — management decision was due September 14, 2017.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴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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