EIN: 263978872
UEI: FL66QM2N2Z13
Audited by: Audit Solutions LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 14, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 27, 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 27, 2026 (11 days from today).
What is a management decision? →FAC accepted this audit on March 21, 2025 — management decision was due September 21, 2025.
FAC accepted this audit on March 14, 2024 — management decision was due September 14, 2024.
FAC accepted this audit on February 28, 2023 — management decision was due August 28, 2023.
FAC accepted this audit on April 10, 2022 — management decision was due October 10, 2022.
FAC accepted this audit on March 22, 2021 — management decision was due September 22, 2021.
FAC accepted this audit on January 21, 2020 — management decision was due July 21, 2020.
I noted the following deficiency in bank collateral for funds on deposit as of June 30, 2019: Deposit Insured Deficient Citizens State Bank $296,396 $250,000 $(46,396) Questioned Costs: None noted. Effect: Project?s funds in excess of the insured amount are vulnerable. Cause: Project did not monitor the balances of its accounts closely enough to ensure adequate protection of all funds. Recommendation: I recommend that the Project periodically contact bank to ensure all funds are fully secured. Management?s Response: Management reached out to Citizen?s Bank in November of 2018 and was advised that the accounts would be protected up to $325,000. However, when later asked for collaterization proof, the Bank responded that they had only protect the Section 8 accounts, because they had no proof that the Northside Terrace funds were Public Funds.
Show full finding ▾Hide full finding ▴Deposits in Excess of FDIC & Pledged Securities Coverage. Criteria: All public funds on deposit at a financial institution should be safeguarded by either FDIC insurance or collateral pledged by the financial institution. Condition: I noted the following deficiency in bank collateral for funds on deposit as of June 30, 2019: Deposit Insured Deficient Citizens State Bank $296,396 $250,000 $(46,396) Questioned Costs: None noted. Effect: Project?s funds in excess of the insured amount are vulnerable. Cause: Project did not monitor the balances of its accounts closely enough to ensure adequate protection of all funds. Recommendation: I recommend that the Project periodically contact bank to ensure all funds are fully secured. Management?s Response: Management reached out to Citizen?s Bank in November of 2018 and was advised that the accounts would be protected up to $325,000. However, when later asked for collaterization proof, the Bank responded that they had only protect the Section 8 accounts, because they had no proof that the Northside Terrace funds were Public Funds.
Deposits in Excess of FDIC & Pledged Securities Coverage: Corrective action planned: Provide to Citizen?s Bank documents proving that Northside Terrace?s Funds qualify as Public Funds. We have done this, and the Bank has responded that they will now ensure that Northside Terrace Funds are projected. Contact person: Benjamin Menjares, Managing Agent. Anticipated completion date: January 10, 2020.
2018-002
FAC accepted this audit on November 18, 2018 — management decision was due May 18, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
GSA_MIGRATION
FAC accepted this audit on December 17, 2017 — management decision was due June 17, 2018.
FAC accepted this audit on February 2, 2017 — management decision was due August 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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