Lindenwold Towers

EIN: 222359486

UEI: LHLRLKVNDMU3

Data as of August 22, 2026

Lindenwold Towers10 audit years12 findings5 repeat
10
Audit Years
12
Total Findings
5
Repeat Findings

FY 2024-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 16, 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 16, 2025 (494 days ago).

What is a management decision? →
2024-001
Cash Management
REPEAT

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $110,592

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REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $110,592

Corrective Action Plan

Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $110,592. Management will ensure the replacement reserve deposits are made on a timely basis in the future.

Prior Finding References

2023-002

About Cash Management →

FY 2023-06-30

FAC accepted this audit on January 30, 2024 — management decision was due July 30, 2024.

2023-001
Special Tests & Provisions

Required monthly deposits to the replacement reserve are deficient in the amount of $234.

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Required monthly deposits to the replacement reserve are deficient in the amount of $234.

Corrective Action Plan

Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $234. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

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2023-002
Special Tests & Provisions

Required monthly deposits to the replacement reserve for debt service savings are deficient in the amount of $99,168.

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Required monthly deposits to the replacement reserve for debt service savings are deficient in the amount of $99,168.

Corrective Action Plan

Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $99,168. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

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FY 2020-06-30

FAC accepted this audit on November 8, 2020 — management decision was due May 8, 2021.

2020-001
Reporting / Special Tests & Provisions

Required monthly deposits to the replacement reserve are deficient in the amount of $280. Cause: Procedures in place to ensure that deposits are made were not followed. 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 replacement reserve deficiency will be funded in the amount of $280. 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 $280. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $280. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: September 17, 2020 Response: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $280. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

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Finding Reference Number: 2020-001 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 $3,156. Statement of Condition: Required monthly deposits to the replacement reserve are deficient in the amount of $280. Cause: Procedures in place to ensure that deposits are made were not followed. 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 replacement reserve deficiency will be funded in the amount of $280. 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 $280. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $280. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: September 17, 2020 Response: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $280. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Corrective Action Plan

Finding Reference Number: 2020-001 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 replacement reserve deficiency will be funded in the amount of $280. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Completion Date: September 17, 2020

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2020-002
Reporting / Special Tests & Provisions

Required monthly deposits to the replacement reserve for debt service savings are deficient in the amount of $42,047. Cause: Procedures in place to ensure that deposits are made were not followed. 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 replacement reserve deficiency will be funded in the amount of $42,047. 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 for debt service savings are deficient in the amount of $42,047. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $42,047. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: September 17, 2020 Response: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $42,047. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

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Finding Reference Number: 2020-002 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 loan agreement (as amended) requires monthly deposits of $9,216.01 for debt service savings. Statement of Condition: Required monthly deposits to the replacement reserve for debt service savings are deficient in the amount of $42,047. Cause: Procedures in place to ensure that deposits are made were not followed. 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 replacement reserve deficiency will be funded in the amount of $42,047. 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 for debt service savings are deficient in the amount of $42,047. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $42,047. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Response Indicator: Agree Completion Date: September 17, 2020 Response: Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $42,047. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Corrective Action Plan

Finding Reference Number: 2020-002 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 replacement reserve deficiency will be funded in the amount of $42,047. Management will ensure that the replacement reserve deposits are made on a timely basis in the future. Completion Date: September 17, 2020

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FY 2019-06-30

FAC accepted this audit on October 15, 2019 — management decision was due April 15, 2020.

2019-001
Cash Management

Surplus cash was not deposited into the Residual Receipts account within 90 days. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The deposit was not made timely. Auditor Non-Compliance Code: B 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 residual receipts account deficiency was funded on April 23, 2019 in the amount of $5,685. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account within 90 days. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on April 23, 2019 in the amount of $5,685. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: April 23, 2019 Response: Management agrees with the finding. The residual receipts account deficiency was funded on April 23, 2019 in the amount of $5,685. Management will ensure that the residual receipts account is properly funded in the future.

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Finding Reference Number: 2019-001 Type of Finding: FA Finding Resolution Status: Resolved 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 requires the project to deposit ?surplus cash? into a Residual Receipts account with 90 days after the end of the fiscal year. Statement of Condition: Surplus cash was not deposited into the Residual Receipts account within 90 days. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The deposit was not made timely. Auditor Non-Compliance Code: B 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 residual receipts account deficiency was funded on April 23, 2019 in the amount of $5,685. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account within 90 days. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on April 23, 2019 in the amount of $5,685. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: April 23, 2019 Response: Management agrees with the finding. The residual receipts account deficiency was funded on April 23, 2019 in the amount of $5,685. Management will ensure that the residual receipts account is properly funded in the future.

Corrective Action Plan

Finding Reference Number: 2019-001 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 residual receipts account deficiency was funded on April 23, 2019 in the amount of $5,685. Management will ensure that the residual receipts account is properly funded in the future. Completion Date: April 23, 2019

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FY 2018-06-30

FAC accepted this audit on November 5, 2018 — management decision was due May 5, 2019.

2018-001
Reporting / Special Tests & Provisions
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2017-001

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2018-002
Cash Management
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2017-002

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2018-003
Reporting / Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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FY 2017-06-30

FAC accepted this audit on November 30, 2017 — management decision was due May 30, 2018.

2017-001
Reporting / Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2017-002
Cash Management
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2016-001

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FY 2016-06-30

FAC accepted this audit on December 19, 2016 — management decision was due June 19, 2017.

2016-001
Cash Management
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-001

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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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