EIN: 261488893
UEI: CMQND5LQRZM5
Audited by: Kelley Galloway Smith Goolsby, PSC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 12, 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 September 12, 2026 (10 days from today).
What is a management decision? →FAC accepted this audit on January 14, 2025 — management decision was due July 14, 2025.
FAC accepted this audit on January 22, 2024 — management decision was due July 22, 2024.
FAC accepted this audit on January 18, 2023 — management decision was due July 18, 2023.
FAC accepted this audit on January 19, 2022 — management decision was due July 19, 2022.
FAC accepted this audit on January 24, 2021 — management decision was due July 24, 2021.
FAC accepted this audit on April 19, 2020 — management decision was due October 19, 2020.
Required monthly deposits to the reserve for replacement were not made during the year ended June 30, 2019. Criteria: Per 24 CFR sections 891.405, the Project is required to make monthly deposits to the reserve for replacement account in an amount determined by HUD. Cause: Proper procedures are in place to ensure timely deposits; however, due to vacancy issues, maximum rental revenues are not collected, creating cash flow related issues. Identification of a repeat finding: 2018-002 Effect: The Project is not in compliance with grant requirements. Recommendation: Management should reconsider the allocation of expenses from the management agency to reduce the costs of operations. In addition, management should continue their efforts to fill vacant units to increase cash flows and consider a temporary waiver from HUD to lift the age requirement of tenants. Views of Responsible Officials and Planned Corrective Actions: Management?s response to finding 2019-002 is presented in the accompanying Corrective Action Plan.
Show full finding ▾Hide full finding ▴2019-002 Reserve for Replacement Deposits Condition: Required monthly deposits to the reserve for replacement were not made during the year ended June 30, 2019. Criteria: Per 24 CFR sections 891.405, the Project is required to make monthly deposits to the reserve for replacement account in an amount determined by HUD. Cause: Proper procedures are in place to ensure timely deposits; however, due to vacancy issues, maximum rental revenues are not collected, creating cash flow related issues. Identification of a repeat finding: 2018-002 Effect: The Project is not in compliance with grant requirements. Recommendation: Management should reconsider the allocation of expenses from the management agency to reduce the costs of operations. In addition, management should continue their efforts to fill vacant units to increase cash flows and consider a temporary waiver from HUD to lift the age requirement of tenants. Views of Responsible Officials and Planned Corrective Actions: Management?s response to finding 2019-002 is presented in the accompanying Corrective Action Plan.
U.S. Department of Housing and Urban Development (HUD)
2018-002
FAC accepted this audit on March 28, 2019 — management decision was due September 28, 2019.
FAC accepted this audit on March 29, 2018 — management decision was due September 29, 2018.
FAC accepted this audit on March 30, 2017 — management decision was due September 30, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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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