EIN: 205544885
UEI: E1DRTGSGCNP8
Audited by: HUTCHINGS & ASSOCIATES CPAS
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 September 30, 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 30, 2026 (160 days ago).
What is a management decision? →FAC accepted this audit on September 30, 2024 — management decision was due March 30, 2025.
FAC accepted this audit on October 11, 2023 — management decision was due April 11, 2024.
FAC accepted this audit on October 31, 2022 — management decision was due May 1, 2023.
FAC accepted this audit on October 4, 2021 — management decision was due April 4, 2022.
FAC accepted this audit on September 12, 2021 — management decision was due March 12, 2022.
Finding 2020-001, Residual Receipts Deposits Statement of condition: The Organization did not transfer project funds to the residual receipts accounts in a timely manner and did not return residual receipts in excess of $250 per unit. Criteria: Pursuant to 24 CFR ?891.400(e) "Use of project funds" any surplus cash following the expiration of the fiscal year shall be deposited in a residual receipts account within 60 days following the end of the fiscal year. Additionally, pursuant to the June 19, 2015 HUD issued memorandum, owners must remit funds from the residual receipts account in excess of $250 per unit to HUD. Cause of condition: Management did not transfer the surplush cash to the residual receipts accounts or return residual receipts balances in excess of $250 per unit to HUD. Effect of condition: The Organization is not in compliance with 24 CFR ?891.400(e) and the June 19, 2015 HUD memorandum. Recommendation: We recommend that management return the amounts over the retained balance level to HUD. Response: See the corrective action plan.
Show full finding ▾Hide full finding ▴Finding 2020-001, Residual Receipts Deposits Statement of condition: The Organization did not transfer project funds to the residual receipts accounts in a timely manner and did not return residual receipts in excess of $250 per unit. Criteria: Pursuant to 24 CFR ?891.400(e) "Use of project funds" any surplus cash following the expiration of the fiscal year shall be deposited in a residual receipts account within 60 days following the end of the fiscal year. Additionally, pursuant to the June 19, 2015 HUD issued memorandum, owners must remit funds from the residual receipts account in excess of $250 per unit to HUD. Cause of condition: Management did not transfer the surplush cash to the residual receipts accounts or return residual receipts balances in excess of $250 per unit to HUD. Effect of condition: The Organization is not in compliance with 24 CFR ?891.400(e) and the June 19, 2015 HUD memorandum. Recommendation: We recommend that management return the amounts over the retained balance level to HUD. Response: See the corrective action plan.
Finding 2020-001, Residual Receipts Deposits Responsible individual: Lori Nealley, Property Management Director of Housing Management's view: Management agrees with the finding. Corrective action: Management will transfer surplus cash to HUD or seek approval to use the funds for operations. Anticipated completion date: October 31, 2020.
FAC accepted this audit on October 15, 2019 — management decision was due April 15, 2020.
FAC accepted this audit on March 28, 2019 — management decision was due September 28, 2019.
FAC accepted this audit on November 13, 2017 — management decision was due May 13, 2018.
FAC accepted this audit on September 29, 2016 — management decision was due March 29, 2017.
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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