AHEPA 60, Inc.

EIN: 233087877

UEI: V5DWGN32F3W7

Data as of August 25, 2026

AHEPA 60, Inc.10 audit years2 findings
10
Audit Years
2
Total Findings
0
Repeat Findings

FY 2024-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on January 13, 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 July 13, 2025 (409 days ago).

What is a management decision? →
2024-001
Special Tests & Provisions
QUESTIONED COSTS

S3800-010 Finding reference number 2024-001 S3800-011 Title and AL number of federal program Supportive Housing for the Elderly #14.157 S3800-015 Type of finding Federal Award Finding S3800-016 Finding resolution status In Process S3800-017 Information on universe population not applicable S3800-018 Sample information not applicable S3800-019 Identification of repeat finding and finding reference number Repeat finding 2023-001 S3800-020 Criteria The Regulatory Agreement between HUD and the owner stipulates that project funds may be used only for expenses that are reasonable and necessary to the operation of the project. S3800-030 Statement of condition The Organization repaid funds on a surplus cash note in fiscal year 2023 when the project was not in a surplus cash position without HUD approval. S3800-032 Cause Management did not track that the obligation was payable only from surplus cash. S3800-033 Effect or potential effect Cash may be unavailable to meet reasonable and necessary obligations of the project. S3800-035 Auditor non-compliance code H - Unauthorized distribution of project assets S3800-040 Questioned costs $14,684 S3800-037 Property associated with the finding 034EE104 S3800-038 Questioned costs $14,684 S3800-045 Reporting views of responsible officials Management agrees S3800-080 Recommendation Management should monitor internal controls over compliance and receive HUD approval before approving future repayment of surplus cash notes. S3800-090 Auditors' Summary of the Auditee's Comments on the Findings and Recommendations Management agrees S3800-130 Response indicator Agreed S3800-140 Anticipated Completion Date 12/31/2024 S3800-150 Response Management is working to repay the funds to the project

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Full finding narrative

S3800-010 Finding reference number 2024-001 S3800-011 Title and AL number of federal program Supportive Housing for the Elderly #14.157 S3800-015 Type of finding Federal Award Finding S3800-016 Finding resolution status In Process S3800-017 Information on universe population not applicable S3800-018 Sample information not applicable S3800-019 Identification of repeat finding and finding reference number Repeat finding 2023-001 S3800-020 Criteria The Regulatory Agreement between HUD and the owner stipulates that project funds may be used only for expenses that are reasonable and necessary to the operation of the project. S3800-030 Statement of condition The Organization repaid funds on a surplus cash note in fiscal year 2023 when the project was not in a surplus cash position without HUD approval. S3800-032 Cause Management did not track that the obligation was payable only from surplus cash. S3800-033 Effect or potential effect Cash may be unavailable to meet reasonable and necessary obligations of the project. S3800-035 Auditor non-compliance code H - Unauthorized distribution of project assets S3800-040 Questioned costs $14,684 S3800-037 Property associated with the finding 034EE104 S3800-038 Questioned costs $14,684 S3800-045 Reporting views of responsible officials Management agrees S3800-080 Recommendation Management should monitor internal controls over compliance and receive HUD approval before approving future repayment of surplus cash notes. S3800-090 Auditors' Summary of the Auditee's Comments on the Findings and Recommendations Management agrees S3800-130 Response indicator Agreed S3800-140 Anticipated Completion Date 12/31/2024 S3800-150 Response Management is working to repay the funds to the project

Corrective Action Plan

Management agrees with the finding and will request that the surplus cash payment be returned to the property.

About Special Tests and Provisions →

FY 2023-06-30

FAC accepted this audit on April 18, 2024 — management decision was due October 18, 2024.

2023-001
Period of Performance
QUESTIONED COSTS

S3800-010 Finding reference number 2023-001 S3800-011 Title and AL number of federal program Supportive Housing for the Elderly #14.157 S3800-015 Type of finding Federal Award Finding and Internal Control over Compliance S3800-016 Finding resolution status Incomplete S3800-017 Information on universe population size not applicable S3800-018 Sample size information not applicable S3800-019 Identification of repeat finding and finding reference number not applicable S3800-020 Criteria The Regulatory Agreement between HUD and the owner stipulates that project funds may be used only for expenses that are reasonable and necessary to the operation of the project. S3800-030 Statement of condition The Organization repaid funds on a surplus cash note when the project was not in a surplus cash position without HUD approval. S3800-032 Cause Management did not track that the obligation was payable only from surplus cash. S3800-033 Effect or potential effect Cash may be unavailable to meet reasonable and necessary obligations of the project. S3800-035 Auditor non-compliance code H - Unauthorized distribution of project assets S3800-037 FHA/Contract number 034-EE-104 S3800-040 Questioned costs $14,684 S3800-045 Reporting views of responsible officials Management agrees. S3800-080 Recommendation Management should monitor internal controls over compliance and receive HUD approval before approving future repayment of surplus cash notes. S3800-090 Auditors' summary of the auditee's comments on the findings and recommendations Management concurs. S3800-130 Response indicator Agree S3800-140 Anticipated Completion Date March 31, 2024 S3800-150 Response Management is working to repay the funds to the project.

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Full finding narrative

S3800-010 Finding reference number 2023-001 S3800-011 Title and AL number of federal program Supportive Housing for the Elderly #14.157 S3800-015 Type of finding Federal Award Finding and Internal Control over Compliance S3800-016 Finding resolution status Incomplete S3800-017 Information on universe population size not applicable S3800-018 Sample size information not applicable S3800-019 Identification of repeat finding and finding reference number not applicable S3800-020 Criteria The Regulatory Agreement between HUD and the owner stipulates that project funds may be used only for expenses that are reasonable and necessary to the operation of the project. S3800-030 Statement of condition The Organization repaid funds on a surplus cash note when the project was not in a surplus cash position without HUD approval. S3800-032 Cause Management did not track that the obligation was payable only from surplus cash. S3800-033 Effect or potential effect Cash may be unavailable to meet reasonable and necessary obligations of the project. S3800-035 Auditor non-compliance code H - Unauthorized distribution of project assets S3800-037 FHA/Contract number 034-EE-104 S3800-040 Questioned costs $14,684 S3800-045 Reporting views of responsible officials Management agrees. S3800-080 Recommendation Management should monitor internal controls over compliance and receive HUD approval before approving future repayment of surplus cash notes. S3800-090 Auditors' summary of the auditee's comments on the findings and recommendations Management concurs. S3800-130 Response indicator Agree S3800-140 Anticipated Completion Date March 31, 2024 S3800-150 Response Management is working to repay the funds to the project.

Corrective Action Plan

Management agrees with the finding and will request that the surplus cash payment be returned to the property.

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