EIN: 205917733
UEI: KXVECMGCJG16
Audited by: Miller Mayer Sullivan Stevens LLP
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 January 14, 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 July 14, 2026 (52 days ago).
What is a management decision? →FAC accepted this audit on January 4, 2025 — management decision was due July 4, 2025.
At September 30, 2024, the reserve for replacements was underfunded by $1,787. Federal Program: Capital advance grant and project rental assistance contract Federal Award Identification: 083-EE106 Assistance Listing Number: 14.157 Federal Agency: U.S. Department of Housing and Urban Development Criteria. The HUD Regulatory Agreement, or amendments to that agreement, requires the borrower to make monthly reserve for replacements deposits. Cause. The complex did not have the funds available to make the required deposits. Effect. The borrower is not in compliance with the terms of the HUD Regulatory Agreement. Recommendation. We recommend the appropriate transfer be made as soon as funds are available. Management Response. We will make the necessary reserve deposits as soon as funds are available.
Show full finding ▾Hide full finding ▴At September 30, 2024, the reserve for replacements was underfunded by $1,787. Federal Program: Capital advance grant and project rental assistance contract Federal Award Identification: 083-EE106 Assistance Listing Number: 14.157 Federal Agency: U.S. Department of Housing and Urban Development Criteria. The HUD Regulatory Agreement, or amendments to that agreement, requires the borrower to make monthly reserve for replacements deposits. Cause. The complex did not have the funds available to make the required deposits. Effect. The borrower is not in compliance with the terms of the HUD Regulatory Agreement. Recommendation. We recommend the appropriate transfer be made as soon as funds are available. Management Response. We will make the necessary reserve deposits as soon as funds are available.
Management Response. We will make the necessary reserve deposits as soon as funds are available.
2023-001
FAC accepted this audit on January 12, 2024 — management decision was due July 12, 2024.
Finding 2023-001 At September 30, 2023, the reserve for replacements was underfunded by $7,152. Criteria. The HUD Regulatory Agreement, or amendments to that agreement, requires the borrower to make monthly reserve for replacement deposits. Cause. The complex did not have the funds available to make the required deposits. Effect. The borrower is not in compliance with the terms of the HUD Regulatory Agreement. Recommendation. We recommend the appropriate transfer be made as soon as funds are available.
Show full finding ▾Hide full finding ▴Finding 2023-001 At September 30, 2023, the reserve for replacements was underfunded by $7,152. Criteria. The HUD Regulatory Agreement, or amendments to that agreement, requires the borrower to make monthly reserve for replacement deposits. Cause. The complex did not have the funds available to make the required deposits. Effect. The borrower is not in compliance with the terms of the HUD Regulatory Agreement. Recommendation. We recommend the appropriate transfer be made as soon as funds are available.
Recommendation. We recommend the appropriate transfer be made as soon as funds are available.Management Response. We will work to catch up the reserve deposits as much as possible.
Finding 2023-002 During the year ended September 30, 2023, the reserve for replacements had one unapproved withdrawal of $2,258. The withdrawal was subsequently approved by HUD in December 2023. Criteria. Reserve for replacements withdrawals are subject to written HUD approval. Cause. Unknown. Effect. The borrower is not in compliance with the terms of the HUD Regulatory Agreement. Recommendation. We recommend HUD approval for all reserve for replacements withdrawals before payments are made.
Show full finding ▾Hide full finding ▴Finding 2023-002 During the year ended September 30, 2023, the reserve for replacements had one unapproved withdrawal of $2,258. The withdrawal was subsequently approved by HUD in December 2023. Criteria. Reserve for replacements withdrawals are subject to written HUD approval. Cause. Unknown. Effect. The borrower is not in compliance with the terms of the HUD Regulatory Agreement. Recommendation. We recommend HUD approval for all reserve for replacements withdrawals before payments are made.
Recommendation. We recommend HUD approval for all reserve for replacements withdrawals before payments are made. Management Response. We will obtain HUD approval for all reserve withdrawals moving forward.
Finding 2023-003 The corporation was charged excessive management fees of $4,864 by the management agent during the year ended September 30, 2023. The management agent correctly recorded a $4,864 receivable in the corporation's accounting records; however, the management agent appears to have also overcharged management fees from October 2023 through December 2023. Criteria. The HUD Regulatory Agreement does not allow the project to pay out any funds except for reasonable operating expenses and necessary repairs. Cause. Unknown. Effect. The management agent has not reimbursed the project in a timely manner. Recommendation. We recommend that the management agent reimburse $4,864 to the project as soon as possible.
Show full finding ▾Hide full finding ▴Finding 2023-003 The corporation was charged excessive management fees of $4,864 by the management agent during the year ended September 30, 2023. The management agent correctly recorded a $4,864 receivable in the corporation's accounting records; however, the management agent appears to have also overcharged management fees from October 2023 through December 2023. Criteria. The HUD Regulatory Agreement does not allow the project to pay out any funds except for reasonable operating expenses and necessary repairs. Cause. Unknown. Effect. The management agent has not reimbursed the project in a timely manner. Recommendation. We recommend that the management agent reimburse $4,864 to the project as soon as possible.
Recommendation. We recommend that the management agent reimburse $4,864 to the project as soon as possible. Management Response. The property is being reimbursed in January 2024, there was an error in the calculations for this property.
FAC accepted this audit on February 1, 2023 — management decision was due August 1, 2023.
FAC accepted this audit on January 28, 2022 — management decision was due July 28, 2022.
FAC accepted this audit on January 7, 2021 — management decision was due July 7, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on January 8, 2019 — management decision was due July 8, 2019.
FAC accepted this audit on December 29, 2017 — management decision was due June 29, 2018.
FAC accepted this audit on February 23, 2017 — management decision was due August 23, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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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