EIN: 222276148
UEI: M4Q2HFV7GYJ1
Audited by: CLIFTONLARSONALLEN LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 7, 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 October 7, 2026 (36 days from today).
What is a management decision? →FAC accepted this audit on April 3, 2025 — management decision was due October 3, 2025.
The Project did not remit the prior year's surplus cash balance of $32,962 to the residual receipts account within 90 days following the end of the prior year. Questioned costs: None Cause: The Project did not remit the prior year's surplus cash into the residual receipts account within 90 days following the end of the year. Effect: The Project owed the residual receipts account $32,962 at year-end. Recommendation: We recommend that management review the surplus calculation at year-end and ensure that any excess is deposited into the residual receipts account within 90 days following the end of the year. Views of responsible officials and planned corrective actions: Management remitted the prior years surplus cash in May 2024, over 90 days after year-end. Management will continue to calculate and review the surplus cash calculation to ensure that deposits to the residual receipts account are made timely.
Show full finding ▾Hide full finding ▴Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Housing Finance Agencies (HFA) Risk Sharing Assistance Listing Number: 14.188 Federal Award Identification Number and Year: 2024 Award Period: 01/01/2024 12/31/2024 Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria or specific requirement: Management of the Project is responsible for complying with laws and regulations. Any surplus funds in the project funds account at the end of the year shall be deposited into a federally insured account within 90 days following the end of the year. Condition: The Project did not remit the prior year's surplus cash balance of $32,962 to the residual receipts account within 90 days following the end of the prior year. Questioned costs: None Cause: The Project did not remit the prior year's surplus cash into the residual receipts account within 90 days following the end of the year. Effect: The Project owed the residual receipts account $32,962 at year-end. Recommendation: We recommend that management review the surplus calculation at year-end and ensure that any excess is deposited into the residual receipts account within 90 days following the end of the year. Views of responsible officials and planned corrective actions: Management remitted the prior years surplus cash in May 2024, over 90 days after year-end. Management will continue to calculate and review the surplus cash calculation to ensure that deposits to the residual receipts account are made timely.
Management remitted the prior year's surplus cash in May 2024, and will ensure that any surplus cash in the future will be remitted timely - within 90 days after year-end.
FAC accepted this audit on March 26, 2024 — management decision was due September 26, 2024.
FAC accepted this audit on April 25, 2023 — management decision was due October 25, 2023.
See Schedule of Findings and Questioned Costs for chart/table.
Show full finding ▾Hide full finding ▴See Schedule of Findings and Questioned Costs for chart/table.
See Corrective Action Plan for chart/table.
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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