EIN: 261176420
UEI: L9HWECG5V6Y5
Audited by: Johnson, Perry, Roussel & Cuthbert, LLP
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 December 17, 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 17, 2026 (73 days ago).
What is a management decision? →FAC accepted this audit on December 23, 2024 — management decision was due June 23, 2025.
FAC accepted this audit on December 28, 2023 — management decision was due June 28, 2024.
Finding: The Project is sixteen months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project’s regulatory agreement requires a monthly deposit of $746 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $10,185. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 12 of 12 months. Recommendation: Management deposit $10,185 into the Reserve for Replacement account. Reply: Management agrees with the finding.
Show full finding ▾Hide full finding ▴Finding: The Project is sixteen months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project’s regulatory agreement requires a monthly deposit of $746 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $10,185. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 12 of 12 months. Recommendation: Management deposit $10,185 into the Reserve for Replacement account. Reply: Management agrees with the finding.
Management will deposit $10,185 into the Project’s Reserve for Replacement account.
2022-002
FAC accepted this audit on December 19, 2022 — management decision was due June 19, 2023.
Finding: The Project is seven months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project?s regulatory agreement requires a monthly deposit of $525 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $3,675. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 7 of 12 months Recommendation: The Project has deposited the total of $3,675 into the Reserve for Replacement account as of December 9, 2022. Reply: Management agrees with the finding and has deposited $3,675 into the Reserve for Replacement account as of December 9, 2022.
Show full finding ▾Hide full finding ▴Finding: The Project is seven months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project?s regulatory agreement requires a monthly deposit of $525 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $3,675. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 7 of 12 months Recommendation: The Project has deposited the total of $3,675 into the Reserve for Replacement account as of December 9, 2022. Reply: Management agrees with the finding and has deposited $3,675 into the Reserve for Replacement account as of December 9, 2022.
Management has deposited the delinquent payments into the Reserve for Replacement account as of December 9, 2022.
FAC accepted this audit on December 21, 2021 — management decision was due June 21, 2022.
FAC accepted this audit on December 14, 2020 — management decision was due June 14, 2021.
There was no evidence that bank statements nor bank reconciliations were reviewed and approved.
Show full finding ▾Hide full finding ▴There was no evidence that bank statements nor bank reconciliations were reviewed and approved.
Management will review its policies and procedures over the review and approval of bank statements and bank reconciliations.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on December 6, 2018 — management decision was due June 6, 2019.
FAC accepted this audit on December 19, 2017 — management decision was due June 19, 2018.
FAC accepted this audit on January 2, 2017 — management decision was due July 2, 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.
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