SOUTHWEST FLORIDA GWI HOUSING XIV, INC. (PALMETTO RANCH II)

EIN: 264310189

UEI: WX3SNL8M4224

Data as of August 22, 2026

SOUTHWEST FLORIDA GWI HOUSING XIV, INC. (PALMETTO RANCH II)10 audit years1 findings
10
Audit Years
1
Total Findings
0
Repeat Findings

FY 2021-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on March 24, 2022. 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 24, 2022 (1428 days ago).

What is a management decision? →
2021-001
Reporting / Special Tests & Provisions

The replacement reserve is deficient in the amount of $6,660. Cause: Procedures in place to ensure that deposits are made were not followed. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The replacement reserve will be funded in 2022. Context: The replacement reserve is deficient in the amount of $6,660. Recommendation: Management should ensure that replacement reserve loans are repaid in a timely manner. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve will be funded in 2022. Response Indicator: Agree Completion Date: February 22, 2022 Response: Management agrees with the finding. The replacement reserve will be funded in 2022.

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Full finding narrative

Finding Reference Number: 2021-001 Type of Finding: FA Finding Resolution Status: In Process Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: Form HUD-9250 approved on February 1, 2021 requires the repayment of the $6,660 replacement reserve release upon receipt of the February subsidy voucher. Statement of Condition: The replacement reserve is deficient in the amount of $6,660. Cause: Procedures in place to ensure that deposits are made were not followed. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: Z Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The replacement reserve will be funded in 2022. Context: The replacement reserve is deficient in the amount of $6,660. Recommendation: Management should ensure that replacement reserve loans are repaid in a timely manner. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The replacement reserve will be funded in 2022. Response Indicator: Agree Completion Date: February 22, 2022 Response: Management agrees with the finding. The replacement reserve will be funded in 2022.

Corrective Action Plan

Finding Reference Number: 2021-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The replacement reserve will be funded in 2022. Completion Date: February 22, 2022

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