EIN: 222959500
UEI: GW62LNYLLUH7
Data as of August 23, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 16, 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 June 16, 2026 (68 days ago).
What is a management decision? →The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year.
Show full finding ▾Hide full finding ▴The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year.
Management will implement measures to ensure the Organization will deopsit "Surplus Cash" as defined by HUD, existing at the end of the fiscal year in a residual receipts account in the name of the Organization within 90 days subsequent to the end of the fiscal year.
FAC accepted this audit on November 17, 2023 — management decision was due May 17, 2024.
The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year.
Show full finding ▾Hide full finding ▴The Organization failed to make the required deposit within 90 days subsequent to the end of the fiscal year into the residual receipts account during the year.
Management will implement measures to ensure the Organization will deposit “Surplus Cash” as defined by HUD, existing at the end of the fiscal year in a residual receipts account in the name of the Organization within 90 days subsequent to the end of the fiscal year. The Organization deposited $30,051 into the residual receipts account on May 22, 2023.
FAC accepted this audit on June 1, 2023 — management decision was due December 1, 2023.
S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 223(f) HUD Insured Loan 14.134 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status - Resolved S3800-017 Information on Universe Population Size- N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Organization and HUD, the Organization is required to file the audited financial statements to the REAC system within 90-days after year-end. S3800-030 Statement of Condition ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2022, were not filed into the REAC system within 90-days after yearend. S3800-032 Cause ? Unknown. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - Z S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-050 Context ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2022, were not filed into the REAC system within 90-days after year-end. S3800-080 Recommendation ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? April 11, 2023 S3800-150 Response ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number ? 2022-001 S3800-011 Title and CFDA Number of Federal Program ? Section 223(f) HUD Insured Loan 14.134 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status - Resolved S3800-017 Information on Universe Population Size- N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Organization and HUD, the Organization is required to file the audited financial statements to the REAC system within 90-days after year-end. S3800-030 Statement of Condition ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2022, were not filed into the REAC system within 90-days after yearend. S3800-032 Cause ? Unknown. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - Z S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-050 Context ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2022, were not filed into the REAC system within 90-days after year-end. S3800-080 Recommendation ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? April 11, 2023 S3800-150 Response ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end.
St. Simeon II Housing Development Fund Company, Inc. respectfully submits the following Corrective Action Plan for the year ended July 31, 2022. Name and address of the independent public accounting firm who conducted the related audit: Comer, Nowling And Associates, P.C. 10475 Crosspoint Boulevard, Suite 200 Indianapolis, Indiana 46256 Finding 2022-001 Corrective Action Planned ? Management will insure the audited financial statement are filed into the REAC system within 90-days after year-end. Contact Person(s) Responsible ? Jennifer McEvoy-Riley, Executive Director Anticipated Completion Date ? April 11, 2023 Auditee Disagreements ? N/A This corrective action plan was prepared by St. Simeon Properties, the management company, on behalf of St. Simeon II Housing Development Fund Company, Inc.. St. Simeon Properties 9 Hilltop Court, Suite 1 Poughkeepsie, NY 12601
FAC accepted this audit on March 17, 2022 — management decision was due September 17, 2022.
S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program ? Section 223(f) HUD Insured Loan 14.134 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status - Resolved S3800-017 Information on Universe Population Size- N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Organization and HUD, the Organization is required to file the audited financial statements to the REAC system within 90-days after year-end. S3800-030 Statement of Condition ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2021, were not filed into the REAC system within 90-days after yearend. S3800-032 Cause ? Unknown. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - Z S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-050 Context ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2021, were not filed into the REAC system within 90-days after year-end. S3800-080 Recommendation ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? January 26, 2022 S3800-150 Response ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program ? Section 223(f) HUD Insured Loan 14.134 S3800-015 Type of Finding ? Federal Award Finding S3800-016 Finding Resolution Status - Resolved S3800-017 Information on Universe Population Size- N/A S3800-018 Sample Size Information ? N/A S3800-019 Identification of Repeat Finding and Finding Reference Number ? N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Organization and HUD, the Organization is required to file the audited financial statements to the REAC system within 90-days after year-end. S3800-030 Statement of Condition ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2021, were not filed into the REAC system within 90-days after yearend. S3800-032 Cause ? Unknown. S3800-033 Effect or Potential Effect ? The Organization is in violation of its HUD Regulatory Agreement. S3800-035 Auditor Non-Compliance Code - Z S3800-040 Questioned Costs ? $0 S3800-045 Reporting Views of Responsible Officials ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-050 Context ? The Organization?s audited financial statements for the fiscal year-ended July 31, 2021, were not filed into the REAC system within 90-days after year-end. S3800-080 Recommendation ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure the audited financial statements are filed into the REAC system within 90-days after year-end. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? January 26, 2022 S3800-150 Response ? Management will insure the audited financial statements are filed into the REAC system within 90-days after year-end.
St. Simeon II Housing Development Fund Company, Inc. respectfully submits the following Corrective Action Plan for the year ended July 31, 2021. Name and address of the independent public accounting firm who conducted the related audit: Comer, Nowling And Associates, P.C. 10475 Crosspoint Boulevard, Suite 200 Indianapolis, Indiana 46256 Finding 2021-001 Corrective Action Planned ? Management will insure the audited financial statement are filed into the REAC system within 90-days after year-end. Contact Person(s) Responsible ? Jennifer McEvoy-Riley, Executive Director Anticipated Completion Date ? January 26, 2022 Auditee Disagreements ? N/A This corrective action plan was prepared by St. Simeon Properties, the management company, on behalf of St. Simeon II Housing Development Fund Company, Inc.. St. Simeon Properties 9 Hilltop Court, Suite 1 Poughkeepsie, NY 12601
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