EIN: 236005062
UEI: TAFXLJKL3P89
Audited by: MERCADIEN P.C. CPAS
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 22, 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 August 22, 2024 (746 days ago).
What is a management decision? →FAC accepted this audit on October 23, 2023 — management decision was due April 23, 2024.
Criteria The Authority is required to maintain an accurate schedule of expenditures of federal, state and city awards. Condition The Authority did not maintain an accurate schedule of expenditures of federal, state and city awards. Cause The Finance Department staffing composition at the Authority has gone through significant changes as a result of retirement(s) and/or senior staff leaving. Poor succession planning and transition of responsibilities have resulted in inaccurate information being reported on the schedule of expenditures of federal, state and city awards as no one individual has taken ownership or responsibility over its preparation. Effect The schedule of expenditures of federal, state and city awards was not completed accurately, which required various adjustments. Recommendation We recommend that the Authority implement procedures to ensure there is an adequate review process in place to ensure grants are coded properly within the accounting system which will lead to accurate completion of the schedule of expenditures of federal, state and city awards.
Show full finding ▾Hide full finding ▴Criteria The Authority is required to maintain an accurate schedule of expenditures of federal, state and city awards. Condition The Authority did not maintain an accurate schedule of expenditures of federal, state and city awards. Cause The Finance Department staffing composition at the Authority has gone through significant changes as a result of retirement(s) and/or senior staff leaving. Poor succession planning and transition of responsibilities have resulted in inaccurate information being reported on the schedule of expenditures of federal, state and city awards as no one individual has taken ownership or responsibility over its preparation. Effect The schedule of expenditures of federal, state and city awards was not completed accurately, which required various adjustments. Recommendation We recommend that the Authority implement procedures to ensure there is an adequate review process in place to ensure grants are coded properly within the accounting system which will lead to accurate completion of the schedule of expenditures of federal, state and city awards.
PRA is implementing a two‐part approach to ensure this finding is addressed properly. 1) Preparation of the SEFA has been permanently assigned to a Senior Accountant who is responsible for all grants payable and receivables with DHCD. The accountant will be responsible for updating a custom report in Microsoft Dynamics which generates the annual SEFA. This will be manually adjusted if necessary and sent to Assistant Director of finance or VP of Finance for review. 2) Before the SEFA is submitted for audit review – PRA will request DHCD to provide its contract(s) expenses and will attempt to reconcile this information to its own financial records to assist in the reconciliation process.
2021-003
Criteria Management is responsible for preparing and presenting the supplementary schedules as required by the City of Philadelphia Subrecipient Audit Guide. Condition Required supplementary schedules were not completed in a timely manner and thus, are not included within the financial statements. Cause Inadequate staffing lead to not having supplementary schedules being completed in a timely manner. Effect Noncompliance with requirements of the City of Philadelphia Subrecipient Audit Guide. Recommendation We recommend that the Authority complete the required supplementary schedules in a timely manner to be in compliance with the City of Philadelphia Subrecipient Audit Guide requirements.
Show full finding ▾Hide full finding ▴Criteria Management is responsible for preparing and presenting the supplementary schedules as required by the City of Philadelphia Subrecipient Audit Guide. Condition Required supplementary schedules were not completed in a timely manner and thus, are not included within the financial statements. Cause Inadequate staffing lead to not having supplementary schedules being completed in a timely manner. Effect Noncompliance with requirements of the City of Philadelphia Subrecipient Audit Guide. Recommendation We recommend that the Authority complete the required supplementary schedules in a timely manner to be in compliance with the City of Philadelphia Subrecipient Audit Guide requirements.
Preparation of the SEFA and supplementary schedules has been permanently assigned to a Senior Accountant who is responsible for all grants payable and receivables with DHCD. The accountant will be responsible for updating a custom report in Microsoft Dynamics which generates the annual SEFA and the supplementary schedules will be manually prepared in excel. Documents will be manually adjusted if necessary and sent to Assistant Director of Finance or VP of Finance for review.
2021-004
FAC accepted this audit on April 13, 2022 — management decision was due October 13, 2022.
Criteria The Authority is required to maintain an accurate schedule of expenditures of federal, state and city awards. Condition The Authority did not maintain an accurate schedule of expenditures of federal, state and city awards. Cause The finance department staffing composition at the Authority has gone through significant changes as a result of retirement(s) and/or senior staff leaving. Poor succession planning and transition of responsibilities have resulted in inaccurate information being reported on the schedule of expenditures of federal, state and city awards as no one individual has taken ownership or responsibility over its preparation. Effect The schedule of expenditures of federal, state and city awards was not completed accurately, which required various adjustments. Recommendation We recommend that the Authority implement procedures to ensure there is an adequate review process in place to ensure grants are coded properly within the accounting system which will lead to accurate completion of the schedule of expenditures of federal, state and city awards. View of Responsible Official PHDC is in agreement with this finding and will complete and implement a corrective action plan.
Show full finding ▾Hide full finding ▴Criteria The Authority is required to maintain an accurate schedule of expenditures of federal, state and city awards. Condition The Authority did not maintain an accurate schedule of expenditures of federal, state and city awards. Cause The finance department staffing composition at the Authority has gone through significant changes as a result of retirement(s) and/or senior staff leaving. Poor succession planning and transition of responsibilities have resulted in inaccurate information being reported on the schedule of expenditures of federal, state and city awards as no one individual has taken ownership or responsibility over its preparation. Effect The schedule of expenditures of federal, state and city awards was not completed accurately, which required various adjustments. Recommendation We recommend that the Authority implement procedures to ensure there is an adequate review process in place to ensure grants are coded properly within the accounting system which will lead to accurate completion of the schedule of expenditures of federal, state and city awards. View of Responsible Official PHDC is in agreement with this finding and will complete and implement a corrective action plan.
PRA is implementing a two part approach to ensure this finding is addressed properly. 1) Preparation of the SEFA has been permanently assigned to an Accountant III who is responsible for all grants payable and receivables with DHCD. The accountant will be responsible for updating a custom FRx report in Microsoft Dynamics which generates the annual SEFA. This will be manually adjusted if necessary and sent to Assistant Director of finance or VP of Finance for review. 2) Before the SEFA is submitted for audit review ? PRA will request DHCD to provide its contract(s) expenses and will attempt to reconcile this information to its own financial records to assist in the reconciliation process.
2020-001
Criteria Management is responsible for preparing and presenting the supplementary schedules as required by the City of Philadelphia Subrecipient Audit Guide. Condition Required supplementary schedules were not completed in a timely manner and thus, not included within the financial statements. Cause Inadequate staffing lead to not having supplementary schedules being completed in a timely manner. Effect Noncompliance with requirements of the City of Philadelphia Subrecipient Audit Guide. Recommendation We recommend that the Authority complete the required supplementary schedules in a timely manner to be in compliance with the City of Philadelphia Subrecipient Audit Guide requirements. Management?s Response to Finding The Authority is in agreement with this finding and will complete and implement a corrective action plan.
Show full finding ▾Hide full finding ▴Criteria Management is responsible for preparing and presenting the supplementary schedules as required by the City of Philadelphia Subrecipient Audit Guide. Condition Required supplementary schedules were not completed in a timely manner and thus, not included within the financial statements. Cause Inadequate staffing lead to not having supplementary schedules being completed in a timely manner. Effect Noncompliance with requirements of the City of Philadelphia Subrecipient Audit Guide. Recommendation We recommend that the Authority complete the required supplementary schedules in a timely manner to be in compliance with the City of Philadelphia Subrecipient Audit Guide requirements. Management?s Response to Finding The Authority is in agreement with this finding and will complete and implement a corrective action plan.
PRA is implementing the following approach to ensure this finding is addressed properly. - Preparation of the SEFA and supplementary schedules has been permanently assigned to an Accountant III who is responsible for all grants payable and receivables with DHCD. The accountant will be responsible for updating a custom FRx report in Microsoft Dynamics which generates the annual SEFA and the supplementary schedules will be manually prepared in excel. Documents will be manually adjusted if necessary and sent to Assistant Director of Finance or VP of Finance for review.
FAC accepted this audit on March 3, 2021 — management decision was due September 3, 2021.
GSA_MIGRATION
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GSA_MIGRATION
2019-001
FAC accepted this audit on March 16, 2020 — management decision was due September 16, 2020.
GSA_MIGRATION
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GSA_MIGRATION
2018-003
FAC accepted this audit on October 23, 2019 — management decision was due April 23, 2020.
GSA_MIGRATION
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GSA_MIGRATION
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on March 21, 2018 — management decision was due September 21, 2018.
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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