EIN: 202074645
UEI: NUMZMMEQSL23
Audited by: Forvis Mazars, LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 4, 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 August 4, 2026 (39 days ago).
What is a management decision? →FAC accepted this audit on January 22, 2025 — management decision was due July 22, 2025.
FAC accepted this audit on January 19, 2024 — management decision was due July 19, 2024.
FAC accepted this audit on January 9, 2023 — management decision was due July 9, 2023.
FAC accepted this audit on January 12, 2022 — management decision was due July 12, 2022.
The Organization failed to deposit surplus cash for the fiscal year ended September 30, 2020 by November 29, 2020. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended September 30, 2020. Repeat finding: This is not a repeat finding. Context: The deposit deadline for the fiscal year ended September 30, 2020 was November 29, 2020. The deposit was made on December 23, 2020. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to make the required surplus cash deposit within 60 days of fiscal year end. Management response: Management agrees with this finding. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Criteria: The Organization is obligated to deposit any surplus cash available at yearend into the residual receipts account within 60 days of the fiscal year-end (November 29th). Condition: The Organization failed to deposit surplus cash for the fiscal year ended September 30, 2020 by November 29, 2020. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended September 30, 2020. Repeat finding: This is not a repeat finding. Context: The deposit deadline for the fiscal year ended September 30, 2020 was November 29, 2020. The deposit was made on December 23, 2020. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to make the required surplus cash deposit within 60 days of fiscal year end. Management response: Management agrees with this finding. See Corrective Action Plan.
Name of Contact Person: Samuel A. Jones, Executive VP, Amurcon Realty Co., Managing Agent Corrective Action: Residual receipts were not remitted to the residual receipts account in a timely manner. Residual receipts are required to be remitted within 60 days of year. New business accounts are taking an unusually long time to open due to new banking regulations. In order to avoid this issue in the future, surplus cash will be calculated prior to the audit and the paperwork to open new bank accounts will be started earlier. If this doesn?t work, a new bank will be used. Proposed Completion Date: This plan was implemented on December 6, 2021, and will be used for all audits going forward.
FAC accepted this audit on January 7, 2021 — management decision was due July 7, 2021.
FAC accepted this audit on January 26, 2020 — management decision was due July 26, 2020.
FAC accepted this audit on January 8, 2019 — management decision was due July 8, 2019.
FAC accepted this audit on January 11, 2018 — management decision was due July 11, 2018.
FAC accepted this audit on January 15, 2017 — management decision was due July 15, 2017.
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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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