EIN: 262896523
UEI: P4MRY9CLGNW3
Audited by: EFPR GROUP CPA’S, PLLC
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 May 11, 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 November 11, 2026 (68 days from today).
What is a management decision? →(2024-001) Reserve for Replacements Condition - The reserve for replacements account is underfunded by $24,744 at June 30, 2024. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $1,031 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-002 from the prior year. Recommendation - We recommend that the delinquent deposits totaling $24,744 for the year ended June 30, 2024 be deposited into the reserve for replacements account as soon as possible. Management's Reply - (1) Finding 2024-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amounts when a cash flow surplus is realized. Management is actively working with HUD to collect retroactive subsidy payments.
Show full finding ▾Hide full finding ▴(2024-001) Reserve for Replacements Condition - The reserve for replacements account is underfunded by $24,744 at June 30, 2024. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to deposit $1,031 in a reserve for replacements account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was not adequately funded during the year. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-002 from the prior year. Recommendation - We recommend that the delinquent deposits totaling $24,744 for the year ended June 30, 2024 be deposited into the reserve for replacements account as soon as possible. Management's Reply - (1) Finding 2024-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amounts when a cash flow surplus is realized. Management is actively working with HUD to collect retroactive subsidy payments.
Corrective Action Plan (CAP) Name of auditee: Amsterdam Housing I, Inc. TIN: 014-EE264 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: June 30, 2024 CAP prepared by: Henry Rodriguez, Jr. President Corvus Property Intelligence, LLC (410) 896-6770 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations (1) Finding 2024-001 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amounts when a cash flow surplus is realized. Management is actively working with HUD to collect retroactive subsidy payments.
2023-002
(2024-002) Residual Receipts Condition - The residual receipts account was not maintained by management and is underfunded by $29,285 at June 30, 2024. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157 -Supportive Housing for the Elderly, non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make required deposits into the account within 90 days after the close of the fiscal year. Effect - The Company was not in compliance with the above HUD regulations. Cause - The residual receipts account was surplus cash not opened resulting in the balance of $29,285 for the year ended June 30, 2022 not being deposited into the account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-003 from the prior year. Recommendation - We recommend that a residual receipts account be opened and the delinquent deposit totaling $29,285 at June 30, 2024 be deposited into the residual receipts account as soon as possible. Management’s Reply -(2) Finding 2024-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amounts when a cash flow surplus is realized. Management is actively working with HUD to collect retroactive subsidy payments
Show full finding ▾Hide full finding ▴(2024-002) Residual Receipts Condition - The residual receipts account was not maintained by management and is underfunded by $29,285 at June 30, 2024. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157 -Supportive Housing for the Elderly, non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make required deposits into the account within 90 days after the close of the fiscal year. Effect - The Company was not in compliance with the above HUD regulations. Cause - The residual receipts account was surplus cash not opened resulting in the balance of $29,285 for the year ended June 30, 2022 not being deposited into the account. Statistical Sampling - The sample was not intended to be, and was not, a statistically valid sample. Repeat Finding - This is a repeat of finding 2023-003 from the prior year. Recommendation - We recommend that a residual receipts account be opened and the delinquent deposit totaling $29,285 at June 30, 2024 be deposited into the residual receipts account as soon as possible. Management’s Reply -(2) Finding 2024-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amounts when a cash flow surplus is realized. Management is actively working with HUD to collect retroactive subsidy payments
Corrective Action Plan (CAP) Name of auditee: Amsterdam Housing I, Inc. TIN: 014-EE264 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: June 30, 2024 CAP prepared by: Henry Rodriguez, Jr. President Corvus Property Intelligence, LLC (410) 896-6770 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations (2) Finding 2024-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management will deposit the underfunded amounts when a cash flow surplus is realized. Management is actively working with HUD to collect retroactive subsidy payments.
2023-003
FAC accepted this audit on January 16, 2024 — management decision was due July 16, 2024.
Condition - The reserve for replacements account was not maintained by management and is underfunded by $134,290 at June 30, 2023. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to maintain a reserve for replacements account and deposit $1,031 into the account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was closed during the management agent transfer process and a new account was not opened and was not adequately funded by the new management agent during the year. Recommendation - We recommend that a reserve for replacements account be opened and the delinquent deposits totaling $134,290 at June 30, 2023 be deposited into the reserve for replacements account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management opened a reserve for replacements account on October 17, 2023 and have deposited the underfunded amount of $134,290.
Show full finding ▾Hide full finding ▴Condition - The reserve for replacements account was not maintained by management and is underfunded by $134,290 at June 30, 2023. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157-Supportive Housing for the Elderly, the Company is required to maintain a reserve for replacements account and deposit $1,031 into the account on a monthly basis. Effect - The Company was not in compliance with the above HUD regulations. Cause - The reserve for replacements account was closed during the management agent transfer process and a new account was not opened and was not adequately funded by the new management agent during the year. Recommendation - We recommend that a reserve for replacements account be opened and the delinquent deposits totaling $134,290 at June 30, 2023 be deposited into the reserve for replacements account as soon as possible. Management’s Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management opened a reserve for replacements account on October 17, 2023 and have deposited the underfunded amount of $134,290.
Name of auditee: Amsterdam Housing I, Inc. TIN: 014-EE264 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: June 30, 2023 CAP prepared by: Henry Rodriguez, Jr. President Corvus Property Intelligence, LLC (410) 896-6770 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations (2) Finding 2023-002 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management opened a reserve for replacements account on October 17, 2023 and have deposited the underfunded amount of $134,290.
Condition - The residual receipts account was not maintained by management and is underfunded by $29,285 at June 30, 2023. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157 - Supportive Housing for the Elderly, non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make required deposits into the account within 90 days after the close of the fiscal year. Effect - The Company was not in compliance with the above HUD regulations. Cause - The residual receipts account was closed during the management agent transfer process and a new account was not opened resulting in the prior year ending balance of $9,288 and prior year surplus cash of $19,997 totaling $29,285 not being deposited into the account. Recommendation - We recommend that a residual receipts account be opened and the delinquent deposit totaling $29,285 at June 30, 2023 be deposited into the residual receipts account as soon as possible. Management's Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management opened a residual receipts account on October 17, 2023 and have deposited the prior year balance at June 30, 2022 of $9,288. The prior year surplus cash amount of $19,997 will be deposited in the residual receipts account by January 5, 2024.
Show full finding ▾Hide full finding ▴Condition - The residual receipts account was not maintained by management and is underfunded by $29,285 at June 30, 2023. Criteria - As part of Special Tests and Provisions related to Assistance Listing Number 14.157 - Supportive Housing for the Elderly, non-profit owners and owners of limited distribution projects shall establish a residual receipts account and make required deposits into the account within 90 days after the close of the fiscal year. Effect - The Company was not in compliance with the above HUD regulations. Cause - The residual receipts account was closed during the management agent transfer process and a new account was not opened resulting in the prior year ending balance of $9,288 and prior year surplus cash of $19,997 totaling $29,285 not being deposited into the account. Recommendation - We recommend that a residual receipts account be opened and the delinquent deposit totaling $29,285 at June 30, 2023 be deposited into the residual receipts account as soon as possible. Management's Reply - (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management opened a residual receipts account on October 17, 2023 and have deposited the prior year balance at June 30, 2022 of $9,288. The prior year surplus cash amount of $19,997 will be deposited in the residual receipts account by January 5, 2024.
Name of auditee: Amsterdam Housing I, Inc. TIN: 014-EE264 Name of Audit Firm: EFPR Group, CPAs, PLLC Period covered by audit: June 30, 2023 CAP prepared by: Henry Rodriguez, Jr. President Corvus Property Intelligence, LLC (410) 896-6770 Current Finding on the Schedule of Findings and Questioned Costs and Recommendations (3) Finding 2023-003 (a) Comments on the finding and recommendation: Management agrees with the finding. Management also agrees with the recommendation, please see below for action taken. (b) Action taken: Management opened a residual receipts account on October 17, 2023 and have deposited the prior year balance at June 30, 2022 of $9,288. The prior year surplus cash amount of $19,997 will be deposited in the residual receipts account by January 5, 2024.
FAC accepted this audit on March 8, 2023 — management decision was due September 8, 2023.
FAC accepted this audit on September 26, 2021 — management decision was due March 26, 2022.
FAC accepted this audit on August 31, 2020 — management decision was due March 3, 2021.
FAC accepted this audit on September 8, 2019 — management decision was due March 8, 2020.
FAC accepted this audit on October 4, 2018 — management decision was due April 4, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
FAC accepted this audit on August 9, 2017 — management decision was due February 9, 2018.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
FAC accepted this audit on September 13, 2016 — management decision was due March 13, 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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