EIN: 232299928
UEI: DSL9H898TH86
Audited by: Dauby O'Connor & Zaleski, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
View federal awards & risk assessment →
Data as of September 2, 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 (34 days from today).
What is a management decision? →FAC accepted this audit on April 25, 2025 — management decision was due October 25, 2025.
FAC accepted this audit on April 26, 2024 — management decision was due October 26, 2024.
FAC accepted this audit on April 27, 2023 — management decision was due October 27, 2023.
FAC accepted this audit on April 26, 2022 — management decision was due October 26, 2022.
FAC accepted this audit on April 26, 2021 — management decision was due October 26, 2021.
FAC accepted this audit on April 19, 2020 — management decision was due October 19, 2020.
The amount of the required deposit was increased effective January 12, 2019, but the transfers were not increased until March 11, 2019. This created a shortage of $71.62 for the 2019 required deposits. The same situation occurred in the 2018 for $196.80 and management has not deposited the difference as of December 31, 2019. Cause: The transfers are handled by Key Bank since they hold the escrows and they were not aware of the change until March 2019. However, the difference should have been made up at that time with an additional transfer. Effect: The deposits was not made on time and the reserve for replacement account is underfunded as of December 31, 2019. Recommendation: The auditor recommends that management set up a control to insure that reserve deposits are made timely each month. Also the replacement reserve should be fully funded immediately. Views of responsible officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴FINDING 2019-001 Federal Agency: U.S. Department of Housing and Urban Development Federal Program: Section 223f/207 Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects CFDA Number: 14.155 Award Period: January 1, 2019 through December 31, 2019 Type of Finding: ? Other Matters ? Noncompliance (Cash Management) ? Significant Deficiency in Internal Control over Compliance Criteria: The Project is required to make monthly reserve for replacement deposits in accordance with the regulatory agreement. Condition: The amount of the required deposit was increased effective January 12, 2019, but the transfers were not increased until March 11, 2019. This created a shortage of $71.62 for the 2019 required deposits. The same situation occurred in the 2018 for $196.80 and management has not deposited the difference as of December 31, 2019. Cause: The transfers are handled by Key Bank since they hold the escrows and they were not aware of the change until March 2019. However, the difference should have been made up at that time with an additional transfer. Effect: The deposits was not made on time and the reserve for replacement account is underfunded as of December 31, 2019. Recommendation: The auditor recommends that management set up a control to insure that reserve deposits are made timely each month. Also the replacement reserve should be fully funded immediately. Views of responsible officials: There is no disagreement with the audit finding.
Finding 2019-001 Condition The amount of the required deposit was increased effective January 12, 2019, but the transfers were not increased until March 11, 2019. This created a shortage of $71.62 for the 2019 required deposits. The same situation occurred in the 2018 for $196.80 and management has not deposited the difference as of December 31, 2019 Corrective Action Plan Corrective Action Planned: Management will set up additional controls to ensure when the community OCAF is increased, the bank trustee transfers replacement reserve deposits timely during the month of such increase. HumanGood Pennsylvania has a dedicated accountant that is assigned to the HUD Project to make sure that the bank trustee transfers the replacement reserve deposit when an OCAF increase is granted in that month. The Assistant Controller will review and monitor the replacement reserve deposit monthly to ensure it is made accurately and timely and any granted OCAF increase for Reserve for Replacement was made and updated going forward. The Assistant Controller will keep a log of all OCAF increases to confirm the replacement reserve deposit is made timely upon OCAF granted increases and the bank trustee has transfer such amount of increase. For example, the Assistant Controller will review the OCAF request for increase log with the accountant on or about the 25th of each month to confirm the OCAF increase has been granted by HUD and the transfer to replacement reserve deposit was made accurately. Name(s) of Contact Person(s) Responsible for Corrective Action: Derrick Lawson- Assistant Controller. Anticipated Completion Date: January 1, 2020.
FAC accepted this audit on April 2, 2019 — management decision was due October 2, 2019.
FAC accepted this audit on April 4, 2018 — management decision was due October 4, 2018.
FAC accepted this audit on March 21, 2017 — management decision was due September 21, 2017.
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.
Browse other Single Audit organizations in California →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and filing records.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.
