IOWA ELDERLY HOUSING CORPORATION

EIN: 208013323

UEI: JFKXWLLBZ4E6

Data as of August 21, 2026

IOWA ELDERLY HOUSING CORPORATION10 audit years5 findings1 repeat
10
Audit Years
5
Total Findings
1
Repeat Findings

FY 2024-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 7, 2024. 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 April 7, 2025 (502 days ago).

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2024-001
Subrecipient Monitoring

THE SECURITY DEPOSIT ACCOUNT IS NOT FULLY FUNDED.

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THE SECURITY DEPOSIT ACCOUNT IS NOT FULLY FUNDED.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. THE SECURITY DEPOSIT DEFICIENCY WILL BE FUNDED IN THE AMOUNT OF $482. MANAGEMENT WILL ENSURE THAT THE SECURITY DEPOSITS ARE PROPERTY FUNDED IN THE FUTURE.

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2024-002
Reporting
REPEAT

FINANCIAL STATEMENTS WERE NOT FILED WITH HUD BY THE 90 DAY DEADLINE.

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FINANCIAL STATEMENTS WERE NOT FILED WITH HUD BY THE 90 DAY DEADLINE.

Corrective Action Plan

MANAGEMENT AGREES WITH THE FINDING. THE FINANCIAL STATEMENTS WERE SUBMITTED TO HUD ON OCTOBER 5, 2023.

Prior Finding References

2023-001

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FY 2023-06-30

FAC accepted this audit on December 22, 2023 — management decision was due June 22, 2024.

2023-001
Reporting

Financial statements were not filed with HUD by the 90 day deadline.

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Financial statements were not filed with HUD by the 90 day deadline.

Corrective Action Plan

Management agrees with the finding. The financial statements were submitted to HUD on October 3, 2022.

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FY 2022-06-30

FAC accepted this audit on January 12, 2023 — management decision was due July 12, 2023.

2022-001
Reporting / Special Tests & Provisions

Required monthly deposits to the replacement reserve are deficient in the amount of $2,357. Cause: Due to damages that the Project suffered from Hurricanes Laura and Delta the Project was unable to make the required deposits from July 2021 through December 2021. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: N Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The managing agent has requested that HUD retroactively suspend the required deposits for the period in question and is awaiting their response. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Context: Required monthly deposits to the replacement reserve are deficient in the amount of $2,357. Recommendation: Management should request that HUD retroactively suspend the required deposits for the period in question. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The managing agent has requested that HUD retroactively suspend the required deposits for the period in question and is awaiting their response. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: September 30, 2022 Response: Management agrees with the finding. The managing agent has requested that HUD retroactively suspend the required deposits for the period in question and is awaiting their response. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

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Full finding narrative

Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: In Process Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: The regulatory agreement (as amended) requires monthly deposits of $393. Statement of Condition: Required monthly deposits to the replacement reserve are deficient in the amount of $2,357. Cause: Due to damages that the Project suffered from Hurricanes Laura and Delta the Project was unable to make the required deposits from July 2021 through December 2021. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: N Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The managing agent has requested that HUD retroactively suspend the required deposits for the period in question and is awaiting their response. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Context: Required monthly deposits to the replacement reserve are deficient in the amount of $2,357. Recommendation: Management should request that HUD retroactively suspend the required deposits for the period in question. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The managing agent has requested that HUD retroactively suspend the required deposits for the period in question and is awaiting their response. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: September 30, 2022 Response: Management agrees with the finding. The managing agent has requested that HUD retroactively suspend the required deposits for the period in question and is awaiting their response. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Corrective Action Plan

Finding Reference Number: 2022-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The managing agent has requested that HUD retroactively suspend the required deposits for the period in question and is awaiting their response. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Completion Date: September 30, 2022

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FY 2017-06-30

FAC accepted this audit on October 24, 2017 — management decision was due April 24, 2018.

2017-001
Cash Management

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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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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