Homes for the Exceptional IV, Inc

EIN: 161665012

UEI: LMJUC7HXT5T3

Data as of August 21, 2026

Homes for the Exceptional IV, Inc9 audit years1 findings
9
Audit Years
1
Total Findings
0
Repeat Findings

FY 2024-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 26, 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 26, 2026, which was (148 days ago).

What is a management decision? →
2024-001
Special Tests & Provisions

During our review of the Schedule of Computation of Surplus Cash, we noted that the Corporation had surplus cash of $7,346. We noted that these funds would be required to be deposited within a federally insured residual receipts reserve account within 60 days following the end of the fiscal year. The Corporation did not deposit surplus funds within 60 days following the end of the fiscal year.

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Full finding narrative

During our review of the Schedule of Computation of Surplus Cash, we noted that the Corporation had surplus cash of $7,346. We noted that these funds would be required to be deposited within a federally insured residual receipts reserve account within 60 days following the end of the fiscal year. The Corporation did not deposit surplus funds within 60 days following the end of the fiscal year.

Corrective Action Plan

Owner certified financials will be submitted in HUD Secure Systems within approximately 45 days from year end. This will allow for sufficient time to submit residual receipts within 60 days of year-end. Our current practice of submitting residual receipts has been aligned with the due date of Owner Certified Financials, 90 days after year-end close. We have not been made aware by HUD that this was a compliance issue.

About Special Tests and Provisions →

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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