EIN: 264398493
UEI: T1MACKX8X273
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 31, 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 October 1, 2026 (41 days from today).
What is a management decision? →Management has been unable to submit monthly HAP vouchers by the required timeline due to significant contract rent increases at the Entity during the year. This required manual review of the HAP vouchers from HUD to be complete prior to being able to submit future HAP vouchers. The following Entity had late HAP vouchers during the year ended June 30, 2025: Columbus III Housing Development Corporation – 6 vouchers late. Cause: Management could not submit HAP vouchers after the contract rent increases since the HAP vouchers required a manual review from HUD. Once the HAP voucher was manually reviewed by HUD, management could begin submitting the previously missed monthly HAP vouchers. Effect or potential effect: A delay in submitting monthly HAP vouchers prevents the Entity from being in compliance with the requirements from HUD. Recommendation: Management should communicate with HUD to determine a plan to get the monthly HAP voucher submissions current. Questioned costs: None identified. Views of responsible officials: For a period of 8 years, management had not sought budget-based rent increases (BBRI) for the Section 811 properties. In FY2024, management received substantial rent increases from HUD. Because of the percentage increase in 2024, HUD practices required the vouchers needed to be reviewed by hand and HUD would only take vouchers one month at a time. This resulted in the late vouchers noted above that continued into 2025. Management anticipates seeking regular BBRI’s in the future to avoid such issues and is currently caught up on submitting vouchers to HUD timely.
Show full finding ▾Hide full finding ▴Criteria: Under Tenant Application, Eligibility, and Recertification requirements from HUD, management is required to submit monthly HAP vouchers by the tenth day of preceding month for which the request is being made. Condition: Management has been unable to submit monthly HAP vouchers by the required timeline due to significant contract rent increases at the Entity during the year. This required manual review of the HAP vouchers from HUD to be complete prior to being able to submit future HAP vouchers. The following Entity had late HAP vouchers during the year ended June 30, 2025: Columbus III Housing Development Corporation – 6 vouchers late. Cause: Management could not submit HAP vouchers after the contract rent increases since the HAP vouchers required a manual review from HUD. Once the HAP voucher was manually reviewed by HUD, management could begin submitting the previously missed monthly HAP vouchers. Effect or potential effect: A delay in submitting monthly HAP vouchers prevents the Entity from being in compliance with the requirements from HUD. Recommendation: Management should communicate with HUD to determine a plan to get the monthly HAP voucher submissions current. Questioned costs: None identified. Views of responsible officials: For a period of 8 years, management had not sought budget-based rent increases (BBRI) for the Section 811 properties. In FY2024, management received substantial rent increases from HUD. Because of the percentage increase in 2024, HUD practices required the vouchers needed to be reviewed by hand and HUD would only take vouchers one month at a time. This resulted in the late vouchers noted above that continued into 2025. Management anticipates seeking regular BBRI’s in the future to avoid such issues and is currently caught up on submitting vouchers to HUD timely.
For a period of 8 years, management had not sought budget-based rent increases (BBRI) for the Section 811 properties. In FY2024, management received substantial rent increases from HUD. Because of the percentage increase in 2024, HUD practices required the vouchers needed to be reviewed by hand and HUD would only take vouchers one month at a time. This resulted in the late vouchers noted above that continued into 2025. Management anticipates seeking regular BBRI’s in the future to avoid such issues and is currently caught up on submitting vouchers to HUD timely.
2024-002
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 25, 2024. 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 April 25, 2025, which was (483 days ago).
What is a management decision? →Management has been unable to submit monthly HAP vouchers by the required timeline due to significant contract rent increases at the Entity during the year. This required manual review of the HAP vouchers from HUD to be complete prior to being able to submit future HAP vouchers. The following Entity had late HAP vouchers during the year ended June 30, 2024: Columbus III Housing Development Corporation - 12 vouchers late. Cause: Management could not submit HAP vouchers after the contract rent increases since the HAP vouchers required a manual review from HUD. Once the HAP voucher was manually reviewed by HUD, management could begin submitting the previously missed monthly HAP vouchers. Effect or potential effect: A delay in submitting monthly HAP vouchers prevents the Entity from being in compliance with the requirements from HUD. Recommendation: Management should communicate with HUD to determine a plan to get the monthly HAP voucher submissions current. Questioned costs: None identified. Views of responsible officials: For a period of 8 years, management had not sought budget-based rent increases (BBRI) for the Section 811 properties. This caused the properties to not have sufficient cash to operate at breakeven basis. Management addressed the systemic issues that prevented properties from receiving these important increases. For FY24, Management received substantial rent increases from HUD. Because of the percentage increase in this one year, HUD practices require that vouchers need to be reviewed by hand and HUD will only take vouchers one month at a time. This resulted in the late vouchers that you see above. Because we sought a regular annual BBRI in FY25, the late vouchering will not happen again.
Show full finding ▾Hide full finding ▴Criteria: Under Tenant Application, Eligibility, and Recertification requirements from HUD, management is required to submit monthly HAP vouchers by the tenth day of preceding month for which the request is being made. Condition: Management has been unable to submit monthly HAP vouchers by the required timeline due to significant contract rent increases at the Entity during the year. This required manual review of the HAP vouchers from HUD to be complete prior to being able to submit future HAP vouchers. The following Entity had late HAP vouchers during the year ended June 30, 2024: Columbus III Housing Development Corporation - 12 vouchers late. Cause: Management could not submit HAP vouchers after the contract rent increases since the HAP vouchers required a manual review from HUD. Once the HAP voucher was manually reviewed by HUD, management could begin submitting the previously missed monthly HAP vouchers. Effect or potential effect: A delay in submitting monthly HAP vouchers prevents the Entity from being in compliance with the requirements from HUD. Recommendation: Management should communicate with HUD to determine a plan to get the monthly HAP voucher submissions current. Questioned costs: None identified. Views of responsible officials: For a period of 8 years, management had not sought budget-based rent increases (BBRI) for the Section 811 properties. This caused the properties to not have sufficient cash to operate at breakeven basis. Management addressed the systemic issues that prevented properties from receiving these important increases. For FY24, Management received substantial rent increases from HUD. Because of the percentage increase in this one year, HUD practices require that vouchers need to be reviewed by hand and HUD will only take vouchers one month at a time. This resulted in the late vouchers that you see above. Because we sought a regular annual BBRI in FY25, the late vouchering will not happen again.
Finding 2024-002: Noncompliance – HAP Vouchers Management has been unable to submit monthly HAP vouchers by the required timeline due to significant contract rent increases at the Entity during the year. This required manual review of the HAP vouchers from HUD to be complete prior to being able to submit future HAP vouchers. The following Entity had late HAP vouchers during the year ended June 30, 2024: Columbus III Housing Development Corporation – 12 vouchers late. Planned Corrective Action: For a period of 8 years, management had not sought budget-based rent increases (BBRI) for the Section 811 properties. This caused the properties to not have sufficient cash to operate at breakeven basis. Management addressed the systemic issues that prevented properties from receiving these important increases. For FY24, Management received substantial rent increases from HUD. Because of the percentage increase in this one year, HUD practices require that vouchers need to be reviewed by hand and HUD will only take vouchers one month at a time. This resulted in the late vouchers that you see above. Because we sought a regular annual BBRI in FY25, the late vouchering will not happen again. Mark Deitcher, CFO, is responsible for the corrective action plan. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call Mark Deitcher at 1-215-557-8414.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 5, 2024. 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 August 5, 2024, which was (746 days ago).
What is a management decision? →Management did not timely update recertifications and requests to HUD for tenant assistance payments for six of the ten tenants sampled. Five tenant assistance payments were subsequently adjusted on the HAP voucher. Cause: A lack of oversight and review as a result of resource constraints over internal controls over recertifications resulted in delays to timely completion of recertification requirements. Effect or potential effect: Lack of oversight of regulatory requirements could increase the risk of loss of funding and default on the HUD loan. Recommendation: Management should provide adequate resources to ensure internal control over compliance is maintained. Staff should receive necessary compliance training, and those charged with governance review compliance periodically during the year. Questioned costs: None identified. Views of responsible officials: Management is reviewing the internal controls over compliance of all HUD programs to ensure appropriate procedures are in place. Additionally, Management will be closely monitoring the timeliness of recertification to ensure accuracy in the HAP voucher.
Show full finding ▾Hide full finding ▴Criteria: Management should have an internal control system in place to ensure compliance requirements of the HUD program are completed and reviewed in a timely manner. Condition: Management did not timely update recertifications and requests to HUD for tenant assistance payments for six of the ten tenants sampled. Five tenant assistance payments were subsequently adjusted on the HAP voucher. Cause: A lack of oversight and review as a result of resource constraints over internal controls over recertifications resulted in delays to timely completion of recertification requirements. Effect or potential effect: Lack of oversight of regulatory requirements could increase the risk of loss of funding and default on the HUD loan. Recommendation: Management should provide adequate resources to ensure internal control over compliance is maintained. Staff should receive necessary compliance training, and those charged with governance review compliance periodically during the year. Questioned costs: None identified. Views of responsible officials: Management is reviewing the internal controls over compliance of all HUD programs to ensure appropriate procedures are in place. Additionally, Management will be closely monitoring the timeliness of recertification to ensure accuracy in the HAP voucher.
Finding 2023-001: Monitoring and Review of Compliance Requirements The Organization did not timely update recertifications and requests to HUD for tenant assistance payments for six of the ten tenants sampled. All tenant assistance payments were subsequently adjusted on the HAP voucher. Planned Corrective Action: It is the goal of the Organization to maintain compliance with regulatory requirements. Management is reviewing the internal controls over compliance of all HUD programs to ensure appropriate procedures are in place. Additionally, Management will be closely monitoring the timeliness of recertification to ensure accuracy in the HAP voucher. Mark Deitcher, CFO, is responsible for the corrective action plan. If the U.S Department of Housing and Urban Development has questions regarding this plan, please call Mark Deitcher at 1-215-557-8414.
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.
Try tracking your findings and corrective action plans today — we're actively building this out and want your input on what an organization like yours actually needs.
Start tracking findings →Monitor subrecipient audit findings and compliance status.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.