EIN: 222484084
UEI: XQGLGKXJL8X8
Audited by: WITHUMSMITH+BROWN, P.C.
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on August 15, 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 February 15, 2026 (195 days ago).
What is a management decision? →In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. New Community Urban Renewal Corporation has unauthorized loans of $1,560,918 to New Community Healthcare, Inc. as of December 31, 2024. The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the New Community Urban Renewal Corporation’s reserve for repairs and replacement. New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Identification as Repeat Finding, refer to finding No. 2023-001. We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2024 was made. New Community Urban Renewal Corporation is currently in communication with HUD regarding the new repayment proposal. Until such time as the parties agree to new terms, New Community Urban Renewal Corporation’s intention is to continue making payments of not less than $150,000. No questioned costs identified.
Show full finding ▾Hide full finding ▴In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. New Community Urban Renewal Corporation has unauthorized loans of $1,560,918 to New Community Healthcare, Inc. as of December 31, 2024. The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the New Community Urban Renewal Corporation’s reserve for repairs and replacement. New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Identification as Repeat Finding, refer to finding No. 2023-001. We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2024 was made. New Community Urban Renewal Corporation is currently in communication with HUD regarding the new repayment proposal. Until such time as the parties agree to new terms, New Community Urban Renewal Corporation’s intention is to continue making payments of not less than $150,000. No questioned costs identified.
New Community Urban Renewal Corporation (“NCURC”, “the Corporation” or “the Project”) agreed to a HUD proposal for repayment of the funds and adopted a resolution by the Board indicating such acceptance which was submitted to HUD and includes the following: 1. An acknowledgement of the obligations set forth in the Regulatory Agreement with HUD dated April 11, 1984 and the intention to fully comply with the provisions therein going forward. 2. NCURC’s affiliates, New Community Corporation (“NCC”) and New Community Healthcare, Inc.’s (“NCHC”) intention to make full restitution of the outstanding balances due to the Corporation. Annual payments will not be less than $150,000 for the next ten years beginning in 2015 through 2024. NCURC is currently in communication with HUD regarding the new repayment proposal. Until such time as the parties agree to new terms, NCURC’s intention is to continue making payments of not less than $150,000. 3. One year prior to the expiration of the 10-year repayment period (2023), a new repayment proposal will be provided to HUD requiring payments not less than $250,000 per year. NCURC is currently in communication with HUD regarding the new repayment proposal. 4. No Project funds or other HUD funds will be used as a source for repayment. 5. An accounting system must be maintained to track restitution payments acceptable to HUD. 6. Management is required to provide to HUD responses to any management letters received in connection with the annual audits. 7. Certain monthly financial reports and other program specific reports are required to be submitted to HUD. 8. The Boards of NCC / the Corporation are required to conduct quarterly compliance briefings with the minutes of such meetings sent to HUD.
2023-001
FAC accepted this audit on September 30, 2024 — management decision was due March 30, 2025.
Assistance Listing Number 14.129 HUD Sections 232 and 233 – Mortgage obligations Finding No. 2023-001 Criteria In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $1,712,142 to New Community Healthcare, Inc. as of December 31, 2023. Cause The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the New Community Urban Renewal Corporation’s reserve for repairs and replacement. Effect New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Identification as Repeat Finding Yes, refer to finding No.2022-001 Recommendation We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. Management’s Response New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2023 was made. New Community Urban Renewal Corporation is currently in communication with HUD regarding the new repayment proposal. Until such time as the parties agree to new terms, New Community Urban Renewal Corporation’s intention is to continue making payments of not less than $150,000. Questioned Costs None identified.
Show full finding ▾Hide full finding ▴Assistance Listing Number 14.129 HUD Sections 232 and 233 – Mortgage obligations Finding No. 2023-001 Criteria In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $1,712,142 to New Community Healthcare, Inc. as of December 31, 2023. Cause The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the New Community Urban Renewal Corporation’s reserve for repairs and replacement. Effect New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Identification as Repeat Finding Yes, refer to finding No.2022-001 Recommendation We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. Management’s Response New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2023 was made. New Community Urban Renewal Corporation is currently in communication with HUD regarding the new repayment proposal. Until such time as the parties agree to new terms, New Community Urban Renewal Corporation’s intention is to continue making payments of not less than $150,000. Questioned Costs None identified.
New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2023 was made. New Community Urban Renewal Corporation is currently in communication with HUD regarding the new repayment proposal. Until such time as the parties agree to new terms, New Community Urban Renewal Corporation’s intention is to continue making payments of not less than $150,000.
2022-001
FAC accepted this audit on August 15, 2023 — management decision was due February 15, 2024.
Assistance Listing Number 14.129 HUD Sections 232 and 233 ? Mortgage obligations Finding No. 2022-001 See Finding No. 2022-001 within Section 3. Criteria In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $1,871,220 to New Community Healthcare, Inc. as of December 31, 2022. Cause The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the New Community Urban Renewal Corporation?s reserve for repairs and replacement. Effect New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Identification as Repeat Finding Yes, refer to finding No.2022-001 Recommendation We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2022 was made. Questioned Costs None identified.
Show full finding ▾Hide full finding ▴Assistance Listing Number 14.129 HUD Sections 232 and 233 ? Mortgage obligations Finding No. 2022-001 See Finding No. 2022-001 within Section 3. Criteria In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $1,871,220 to New Community Healthcare, Inc. as of December 31, 2022. Cause The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the New Community Urban Renewal Corporation?s reserve for repairs and replacement. Effect New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Identification as Repeat Finding Yes, refer to finding No.2022-001 Recommendation We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2022 was made. Questioned Costs None identified.
See Corrective Action Plan for chart/table"
2021-001
FAC accepted this audit on June 28, 2022 — management decision was due December 28, 2022.
Section 3 ? Major Federal Award Findings and Questioned Costs Assistance Listing Number 14.129 HUD Sections 232 and 233 ? Mortgage obligations Finding No. 2021-001 Criteria In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $2,021,633 to New Community Healthcare, Inc. as of December 31, 2021. Cause The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the Corporation?s reserve for repairs and replacement. Effect New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Recommendation We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2021 was made. Questioned Costs None identified.
Show full finding ▾Hide full finding ▴Section 3 ? Major Federal Award Findings and Questioned Costs Assistance Listing Number 14.129 HUD Sections 232 and 233 ? Mortgage obligations Finding No. 2021-001 Criteria In accordance with the HUD regulatory agreement, New Community Urban Renewal Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $2,021,633 to New Community Healthcare, Inc. as of December 31, 2021. Cause The amount due from New Community Healthcare, Inc. predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the Corporation?s reserve for repairs and replacement. Effect New Community Urban Renewal Corporation is in violation of the HUD regulatory agreement. Recommendation We recommend New Community Urban Renewal Corporation continues to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response New Community Urban Renewal Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2021 was made. Questioned Costs None identified.
Plan of Compliance As discussed in Note 1 regarding the Corporation?s instance of noncompliance with its regulatory agreement with HUD, the Corporation agreed to a HUD proposal for repayment of the funds and adopted a resolution by the board indicating such acceptance which was submitted to HUD and includes the following: 1. An acknowledgement of the obligations set forth in the Regulatory Agreement with HUD dated April 11, 1984, and the intention to fully comply with the provisions therein going forward. 2. NCC?s and NCHC?s intention to make full restitution of the outstanding balances due to the Corporation. Annual payments will not be less than $150,000 for the next 10 years beginning in 2015 through 2024. 3. One year prior to the expiration of the 10-year repayment period (2023), a new repayment proposal will be provided to HUD requiring payments not less than $250,000 per year. 4. No Project funds or other HUD funds will be used as a source for repayment. 5. An accounting system must be maintained to track restitution payments acceptable to HUD. 6. Management is required to provide to HUD responses to any management letters received in connection with the annual audits. 7. Certain monthly financial reports and other program-specific reports are required to be submitted to HUD. 8. The boards of NCC / the Corporation are required to conduct quarterly compliance briefings with the minutes of such meetings sent to HUD.
2020-001
FAC accepted this audit on July 27, 2021 — management decision was due January 27, 2022.
Finding No. 2020-001 Criteria In accordance with the HUD regulatory agreement, the Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $2,176,203 to New Community Healthcare, Inc. as of December 31, 2020. Cause The amount due from NCHC predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the Corporation?s reserve for repairs and replacement. Effect The Corporation is in violation of the HUD regulatory agreement. Recommendation We recommend the Corporation continue to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response The Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2020 was made. Questioned Costs None identified.
Show full finding ▾Hide full finding ▴Finding No. 2020-001 Criteria In accordance with the HUD regulatory agreement, the Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $2,176,203 to New Community Healthcare, Inc. as of December 31, 2020. Cause The amount due from NCHC predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the Corporation?s reserve for repairs and replacement. Effect The Corporation is in violation of the HUD regulatory agreement. Recommendation We recommend the Corporation continue to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response The Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2020 was made. Questioned Costs None identified.
Plan of Compliance As discussed in Note 1 regarding the Corporation?s instance of non-compliance with its regulatory agreement with HUD, the Corporation agreed to a HUD proposal for repayment of the funds and adopted a resolution by the Board indicating such acceptance which was submitted to HUD and includes the following: 1. An acknowledgement of the obligations set forth in the Regulatory Agreement with HUD dated April 11, 1984 and the intention to fully comply with the provisions therein going forward. 2. NCC and NCHC?s intention to make full restitution of the outstanding balances due to the Corporation. Annual payments will not be less than $150,000 for the next ten years beginning in 2015 through 2024. 3. One year prior to the expiration of the 10-year repayment period (2023), a new repayment proposal will be provided to HUD requiring payments not less than $250,000 per year. 4. No Project funds or other HUD funds will be used as a source for repayment. 5. An accounting system must be maintained to track restitution payments acceptable to HUD. 6. Management is required to provide to HUD responses to any management letters received in connection with the annual audits. 7. Certain monthly financial reports and other program specific reports are required to be submitted to HUD. 8. The Boards of NCC / the Corporation are required to conduct quarterly compliance briefings with the minutes of such meetings sent to HUD.
2019-001
FAC accepted this audit on August 3, 2021 — management decision was due February 3, 2022.
Section 3 ? Major Federal Award Findings and Questioned Costs CFDA 14. Unknown HUD Sections 232 & 233 ? Mortgage obligations Finding No. 2019-001 Criteria In accordance with the HUD regulatory agreement, the Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $2,326,203 to New Community Healthcare, Inc. as of December 31, 2019. Cause The amount due from NCHC predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the Corporation?s reserve for repairs and replacement. Effect The Corporation is in violation of the HUD regulatory agreement. Recommendation We recommend the Corporation continue to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response The Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2019 was made. Questioned Costs None identified.
Show full finding ▾Hide full finding ▴Section 3 ? Major Federal Award Findings and Questioned Costs CFDA 14. Unknown HUD Sections 232 & 233 ? Mortgage obligations Finding No. 2019-001 Criteria In accordance with the HUD regulatory agreement, the Corporation may not, without prior written approval, assign, transfer, dispose of, or encumber any personal property of the project, including rent, and shall not disburse or pay out any funds except for usual operating expenses and necessary repairs. Condition New Community Urban Renewal Corporation has unauthorized loans of $2,326,203 to New Community Healthcare, Inc. as of December 31, 2019. Cause The amount due from NCHC predominately dates back prior to 2003 and is believed to be the result of unpaid rents and potentially loans from the Corporation?s reserve for repairs and replacement. Effect The Corporation is in violation of the HUD regulatory agreement. Recommendation We recommend the Corporation continue to regularly monitor its strict compliance with each aspect of the plan of compliance. Management?s Response The Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2019 was made. Questioned Costs None identified.
The Corporation and HUD have agreed to a plan of compliance requiring, among other things, restitution payments of not less than $150,000 per year through 2024. The required restitution payment for 2019 was made.
2018-001
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