EIN: 264693544
UEI: GSA_MIGRATION
Audited by: CLARK SCHAEFER HACKETT
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 19, 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 November 19, 2022 (1386 days ago).
What is a management decision? →FAC accepted this audit on December 1, 2022 — management decision was due June 1, 2023.
FAC accepted this audit on July 21, 2020 — management decision was due January 21, 2021.
FINDING 2019-001 Criteria ? As per Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270?s HUD Regulatory Agreement, section 5(c), any residual receipts realized from the operation of the mortgaged property shall be deposited in a separate residual receipts account within 60 days after the end of each fiscal year. Condition ? As of December 31, 2019, Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270 realized surplus cash in the amount of $15,361 of which was not properly deposited into a residual receipts account within 60 days after year-end. Context ? This finding was identified during compliance testing procedures. Effect ? Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270 is not operating within compliance with section 5(c) of its Regulatory Agreement with HUD. Cause ? The finding was a result of oversight, as well as a function of turnover of experienced personnel within Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270. Recommendation ? All surplus cash determined at December 31, 2019 must be deposited into a residual receipts account to ensure compliance with Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270?s Regulatory Agreement. Management?s Resolution ? Management plans to deposit the required amount into the residual receipts account immediately.
Show full finding ▾Hide full finding ▴FINDING 2019-001 Criteria ? As per Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270?s HUD Regulatory Agreement, section 5(c), any residual receipts realized from the operation of the mortgaged property shall be deposited in a separate residual receipts account within 60 days after the end of each fiscal year. Condition ? As of December 31, 2019, Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270 realized surplus cash in the amount of $15,361 of which was not properly deposited into a residual receipts account within 60 days after year-end. Context ? This finding was identified during compliance testing procedures. Effect ? Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270 is not operating within compliance with section 5(c) of its Regulatory Agreement with HUD. Cause ? The finding was a result of oversight, as well as a function of turnover of experienced personnel within Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270. Recommendation ? All surplus cash determined at December 31, 2019 must be deposited into a residual receipts account to ensure compliance with Amherst Glen Senior Apartments, Inc., HUD Project No. 014-EE270?s Regulatory Agreement. Management?s Resolution ? Management plans to deposit the required amount into the residual receipts account immediately.
Name of auditee: Amherst Glen Senior Apartments, Inc________________________________ HUD auditee identification number: 014 - EE270______________________________________ Name of audit firm: Freed Maxick, CPAs, P.C.________________________________________ Period covered by the audit: January 1, 2019 ? December 31, 2019_______________________ CAP prepared by: Name: Bob Mayer________________________________________________________ Position: CEO___________________________________________________________ Telephone number: 716-639-3311___________________________________________ A. Current Findings on the Schedule of Findings and Questioned Costs 1. Finding 2019-001 a. Comments on the Finding and Recommendation This was an isolated occurrence due to oversight and turnover at our Company. The surplus cash will be remitted into a residual receipts account immediately and will be deposited timely going forward should the Company realize surplus cash in future years. b. Action Taken or Planned on the Finding Internal surplus cash calculation will be prepared at year-end prior to the audit. Any surplus cash realized will be transferred to the residual receipts account within the 60 days required by our HUD Regulatory Agreement.
FAC accepted this audit on March 31, 2019 — management decision was due October 1, 2019.
FAC accepted this audit on May 7, 2018 — management decision was due November 7, 2018.
FAC accepted this audit on May 8, 2018 — management decision was due November 8, 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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