EIN: 261578754
UEI: KWKUSGRLEU85
Audited by: BAKER MEINZ & ASSOCIATES, LTD
Oversight agency: 14 [Department of Housing and Urban Development]
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Showing data from August 28, 2026 — the Federal Audit Clearinghouse is under high demand right now, so this couldn't be refreshed. This is the most recent data on record, not necessarily today's.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 6, 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 November 6, 2025 (298 days ago).
What is a management decision? →FAC accepted this audit on August 12, 2024 — management decision was due February 12, 2025.
FAC accepted this audit on August 6, 2023 — management decision was due February 6, 2024.
FAC accepted this audit on December 11, 2022 — management decision was due June 11, 2023.
FAC accepted this audit on June 14, 2021 — management decision was due December 14, 2021.
FAC accepted this audit on December 25, 2020 — management decision was due June 25, 2021.
The tenant file tested contained a mathematical error in computing the household net income in the process of computing the tenant share of monthly rent. Criteria: The household net income should be computed accurately based on tenant information provided. Effect: The Project may have collected more HUD subsidy on this tenant than it should have. Context: A sample of tenant files was selected for testing household net income in the process of computing the tenant share of monthly rent. The test found a calculation that was not in compliance. The details and results of the sample are as follows: Number Dollars Population 30 N/A Sample 3 N/A Not in Compliance 1 N/A Questioned Costs $168 Cause: There was an error in interpreting some information provided by the tenant during the recertification process. Recommendation: The Project should recompute the HUD subsidy from this tenant and make an adjustment on a future monthly HUD billing, if necessary. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The HUD subsidy will be recomputed using the proper household income. If necessary, the excess amount received to date will reduce a future monthly HUD billing. Questioned Costs - Department of Housing and Urban Development $168 Non-compliance code - R
Show full finding ▾Hide full finding ▴ASI HOMES, INC. HUD PROJECT NO. 092-11240 SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED DECEMBER 31, 2019 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2019-001: SECTION 223(f), CFDA 14.155 Condition: The tenant file tested contained a mathematical error in computing the household net income in the process of computing the tenant share of monthly rent. Criteria: The household net income should be computed accurately based on tenant information provided. Effect: The Project may have collected more HUD subsidy on this tenant than it should have. Context: A sample of tenant files was selected for testing household net income in the process of computing the tenant share of monthly rent. The test found a calculation that was not in compliance. The details and results of the sample are as follows: Number Dollars Population 30 N/A Sample 3 N/A Not in Compliance 1 N/A Questioned Costs $168 Cause: There was an error in interpreting some information provided by the tenant during the recertification process. Recommendation: The Project should recompute the HUD subsidy from this tenant and make an adjustment on a future monthly HUD billing, if necessary. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The HUD subsidy will be recomputed using the proper household income. If necessary, the excess amount received to date will reduce a future monthly HUD billing. Questioned Costs - Department of Housing and Urban Development $168 Non-compliance code - R
ASI HOMES, INC. HUD PROJECT NO. 092-11240 CORRECTIVE ACTION PLAN YEAR ENDED DECEMBER 31, 2019 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ASI Homes, Inc. respectfully submits the following corrective action plan for the year ended December 31, 2019. Name and address of independent public accounting firm: Hinrichs & Associates, Ltd 1000 Shelard Parkway, Suite 110 Minneapolis, MN 55426 Audit Period: December 31, 2019 The findings from the December 31, 2019 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS - FINANCIAL STATEMENT AUDIT NONE FINDINGS - FEDERAL AWARD PROGRAMS AUDIT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2019-001: SECTION 223(f), CFDA 14.155 One of the tenant files contained a mathematical error in computing the household net income in the process of computing the tenant share of monthly rent. Recommendation: The Project should recompute the HUD subsidy from this tenant and make an adjustment on a future monthly HUD billing, if necessary. Action Taken: The Project agrees with the finding. The HUD subsidy was recomputed using the proper household income. The excess amount received to date will be used to reduce a future monthly HUD billing. The Project corrected the finding on January 15, 2020. If the Department of Housing and Urban Development has questions regarding this plan, please call Chuck Reuter at 651-645-7271.
FAC accepted this audit on August 19, 2019 — management decision was due February 19, 2020.
FAC accepted this audit on July 22, 2018 — management decision was due January 22, 2019.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on September 10, 2017 — management decision was due March 10, 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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