EIN: 202155820
UEI: HRD4K937L453
Data as of August 22, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 5, 2021. 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 July 5, 2021 (1874 days ago).
What is a management decision? →Management did not maintain a balance in a separate trust account that would adequately fund the security deposit liability. As of September 30, 2020, the account was underfunded by approximately $270. Criteria: The regulatory agreement requires management to maintain a separate trust account for security deposits collected that must at all times equal or exceed the balance in the tenant security deposit liability account, including accrued interest. Cause: Lack of management oversight. Effect: The tenant security deposit liability is inadequately funded. Recommendation: Management should transfer money into the trust account and monitor this account on an ongoing basis to ensure that the liability is properly funded. View of Responsible Management will transfer money to the trust account in 2021 to properly fund the Officials: liability. Management will monitor the balance in the future to ensure that it remains properly funded.
Show full finding ▾Hide full finding ▴Finding Number: 2020-002 Program: U.S. Department of Housing and Urban Development - Supportive Housing for the Elderly CFDA: 14.157 Description: Underfunded security deposits Condition: Management did not maintain a balance in a separate trust account that would adequately fund the security deposit liability. As of September 30, 2020, the account was underfunded by approximately $270. Criteria: The regulatory agreement requires management to maintain a separate trust account for security deposits collected that must at all times equal or exceed the balance in the tenant security deposit liability account, including accrued interest. Cause: Lack of management oversight. Effect: The tenant security deposit liability is inadequately funded. Recommendation: Management should transfer money into the trust account and monitor this account on an ongoing basis to ensure that the liability is properly funded. View of Responsible Management will transfer money to the trust account in 2021 to properly fund the Officials: liability. Management will monitor the balance in the future to ensure that it remains properly funded.
On 10/1/2020 management has upgraded the property management system for the properties. The new system integrates the Tenant Ledgers with the Accounting System. The Security Deposits will now be integrated into the Tenant Ledgers to provide better oversite of these funds. In addition, we will reconcile these balances quarterly to discover any deficiencies and correct the issues on a timely basis.
FAC accepted this audit on January 3, 2019 — management decision was due July 3, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on January 25, 2018 — management decision was due July 25, 2018.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴FAC accepted this audit on June 19, 2017 — management decision was due December 19, 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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