EIN: 202504202
UEI: MQXLLFPMKNV3
Single Audit filed under EIN: 223423159
That audit also covers 4 related EINs: 223749626, 261900676, 261940826, 274939264 · unlinked EINs have no separate FAC filing
Audited by: Sax Advisory Group
Oversight agency: 14 [Department of Housing and Urban Development]
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Showing data from August 28, 2026 — the Federal Audit Clearinghouse is under high demand right now, so this couldn't be refreshed. This is the most recent data on record, not necessarily today's.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 15, 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 June 15, 2026 (77 days ago).
What is a management decision? →FAC accepted this audit on April 3, 2024 — management decision was due October 3, 2024.
FAC accepted this audit on November 7, 2023 — management decision was due May 7, 2024.
The Organization is required to obtain HUD approval before the release of funds from the residual receipts reserve. The Organization withdrew funds of $5,955 for repairs and renovations to the property. Criteria: Management of the Organization is responsible for complying with laws and regulations. This responsibility includes compliance with HUD regulations requiring the Organization to obtain approval for residual receipts reserve withdrawals. Cause: The Organization did not review the residual receipts reserve transactions timely to ensure the transactions were in accordance with HUD regulations. Effect: The Organization released funds without HUD approval, which was not in accordance with the regulatory agreement approved by HUD. Recommendation: We recommend that management take the necessary steps to ensure that future withdrawals are made in accordance with HUD regulations. Auditee Response and Action Plan: There were staff changes in the accounting department which contributed funds mistakenly withdrawn from residual receipts reserve. We will deposit the funds to the reserve account immediately.
Show full finding ▾Hide full finding ▴Item 2022-001 Material Weakness - Unauthorized Withdrawal from Residual Receipts Reserve Condition: The Organization is required to obtain HUD approval before the release of funds from the residual receipts reserve. The Organization withdrew funds of $5,955 for repairs and renovations to the property. Criteria: Management of the Organization is responsible for complying with laws and regulations. This responsibility includes compliance with HUD regulations requiring the Organization to obtain approval for residual receipts reserve withdrawals. Cause: The Organization did not review the residual receipts reserve transactions timely to ensure the transactions were in accordance with HUD regulations. Effect: The Organization released funds without HUD approval, which was not in accordance with the regulatory agreement approved by HUD. Recommendation: We recommend that management take the necessary steps to ensure that future withdrawals are made in accordance with HUD regulations. Auditee Response and Action Plan: There were staff changes in the accounting department which contributed funds mistakenly withdrawn from residual receipts reserve. We will deposit the funds to the reserve account immediately.
Funds were withdrawn from residual receipts reserve to cover the housing expenses since the subsidy payments were delayed considerably by HUD. This was discussed with the HUD representative and we were informed to utilize the residual receipts reserve, as needed until HUD released the subsidy funds. The funds were deposited back into the residual reserve account.
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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