EIN: 270158306
UEI: DVJRGKBN4MH6
Data as of August 22, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 23, 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 January 23, 2025 (577 days ago).
What is a management decision? →The Project did not remit residual receipts balances in excess of $250 per unit to HUD by the Project Rental Assistance Contract renewal date. Criteria: Pursuant to statutory language from the Consolidated and Further Continuing Appropriations Act, HUD is required to recapture residual receipt balances that are in excess of $250 per unit. The fund must be remitted to HUD upon “termination” of the Project Rental Assistance Contract. Termination is defined as expiration of the contract term, which for most PRACs falls on contract renewal date. Effect of Condition: This is a violation of the HUD Regulations. Cause of Condition: The procedures in place to ensure the excess residual receipts remittance was made timely were not consistently followed. Recommendation: No action is needed, as the required return of excess residual receipts has already been remitted to HUD. Response: See Corrective Action Plan.
Show full finding ▾Hide full finding ▴2024-01 – Supportive Housing for Disabled Persons ALN #14.181 Statement of Condition: The Project did not remit residual receipts balances in excess of $250 per unit to HUD by the Project Rental Assistance Contract renewal date. Criteria: Pursuant to statutory language from the Consolidated and Further Continuing Appropriations Act, HUD is required to recapture residual receipt balances that are in excess of $250 per unit. The fund must be remitted to HUD upon “termination” of the Project Rental Assistance Contract. Termination is defined as expiration of the contract term, which for most PRACs falls on contract renewal date. Effect of Condition: This is a violation of the HUD Regulations. Cause of Condition: The procedures in place to ensure the excess residual receipts remittance was made timely were not consistently followed. Recommendation: No action is needed, as the required return of excess residual receipts has already been remitted to HUD. Response: See Corrective Action Plan.
Comment on Finding: We concur with the auditors' finding that the balance in excess residual receipts was above the limit allowed by HUD and was not remitted per HUD guidelines. Actions Taken or Planned: The Director of Accounting and Property Accountant will review and verify the Residual Receipts balance, determine amount eligible for retainage and return the remainder to HUD in accordance with HUD regulations.
2023-001
FAC accepted this audit on January 5, 2024 — management decision was due July 5, 2024.
The Project did not remit residual receipts balances in excess of $250 per unit to HUD by the Project Rental Assistance Contract renewal date. Criteria: Pursuant to statutory language from the Consolidated and Further Continuing Appropriations Act, HUD is required to recapture residual receipt balances that are in excess of $250 per unit. The fund must be remitted to HUD upon “termination” of the Project Rental Assistance Contract. Termination is defined as expiration of the contract term, which for most PRACs falls on contract renewal date. Effect of Condition: This is a violation of the HUD Regulations. Cause of Condition: The procedures in place to ensure the excess residual receipts remittance was made timely were not consistently followed. Recommendation: No action is needed, as the required return of excess residual receipts has already been remitted to HUD. Response: See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Supportive Housing for Disabled Persons ALN #14.181 Statement of Condition: The Project did not remit residual receipts balances in excess of $250 per unit to HUD by the Project Rental Assistance Contract renewal date. Criteria: Pursuant to statutory language from the Consolidated and Further Continuing Appropriations Act, HUD is required to recapture residual receipt balances that are in excess of $250 per unit. The fund must be remitted to HUD upon “termination” of the Project Rental Assistance Contract. Termination is defined as expiration of the contract term, which for most PRACs falls on contract renewal date. Effect of Condition: This is a violation of the HUD Regulations. Cause of Condition: The procedures in place to ensure the excess residual receipts remittance was made timely were not consistently followed. Recommendation: No action is needed, as the required return of excess residual receipts has already been remitted to HUD. Response: See Corrective Action Plan.
A. Audit Finding No. 2023-01 Statement of Condition: The Project did not remit residual receipts balances in excess of $250 per unit to HUD BY THE Project Rental Assistance Contract renewal date. Criteria: Pursuant to statutory language from the Consolidated and Further Continuing Appropriations Act, HUD is required to recapture residual receipt balances that are in excess of$250 per unit. The funds must be remitted to HUD upon "termination" of the Project Rental Assistance Contract. Termination is defined as expiration of the contract term, which for most PRACs falls on contract renewal date. Effect of Condition: This is a violation of the HUD Regulations. Cause of Condition: The procedures in place to ensure the excess residual receipts remittance was made timely were not consistently followed. Recommendation: No action is needed, as the required return of excess residual receipts has already been remitted to HUD. Response: See Project's Corrective Action Plan. B. Comment on Findings and Recommendations We concur with the auditors' finding that the balance in excess residual receipts was above the limit allowed by HUD and was not remitted per HUD's guidelines. C. Actions Taken or Planned The Director of Accounting and Property Accountant will review and verify the Residual Receipts balance, determine amount eligible for retainage and return the remainder to HUD in accordance with current regulations.
FAC accepted this audit on November 27, 2020 — management decision was due May 27, 2021.
One tenant residing at North Coast Apartments, Inc. did not have documentation of a verified disability included in their tenant file. Criteria: Tenant files are required to have documentation of a disability. Cause: The property manager did not include this document in the file. Effect: North Coast Inc. was out of compliance with the requirements of the Supportive Housing for Disabled Persons. Recommendation: All tenants should have documentation of a disability included in their file.
Show full finding ▾Hide full finding ▴Depart of Housing and Urban Development (HUD) 2020-01 Supportive Housing for Disabled Persons, CFDA #14.181 Condition: One tenant residing at North Coast Apartments, Inc. did not have documentation of a verified disability included in their tenant file. Criteria: Tenant files are required to have documentation of a disability. Cause: The property manager did not include this document in the file. Effect: North Coast Inc. was out of compliance with the requirements of the Supportive Housing for Disabled Persons. Recommendation: All tenants should have documentation of a disability included in their file.
Comment on Findings and Recommendations: We concur with the auditor's finding that the tenant's file did not include documentation of a disability. Actions Taken or Planning: Meet with resident to obtain permission to send verification out to a medical professional and obtain necessary documentation.
The Project?s Residual Receipts account balance was above the limit allowed by HUD at year end. Criteria: The residual receipt account balance should be less than $250 per unit. Cause: Excess funds were remitted to HUD from the operating account before year end but a transfer from the Residual Receipts account to the operating account was not made until after year end. Effect: The Project was out of compliance with the requirements of the (Supportive Housing for Disabled Persons. Recommendation: The Residual Receipt account balance should be below $250 per unit with excess funds remitted to HUD.
Show full finding ▾Hide full finding ▴2020-02 - Supportive Housing for Disabled Persons, CFDA #14.181 Condition: The Project?s Residual Receipts account balance was above the limit allowed by HUD at year end. Criteria: The residual receipt account balance should be less than $250 per unit. Cause: Excess funds were remitted to HUD from the operating account before year end but a transfer from the Residual Receipts account to the operating account was not made until after year end. Effect: The Project was out of compliance with the requirements of the (Supportive Housing for Disabled Persons. Recommendation: The Residual Receipt account balance should be below $250 per unit with excess funds remitted to HUD.
Comment on Findings and Recommendations: We concur with the auditor's finding that the balance in excess residual receipts was above the limit allowed by HUD and were not remitted per HUD's guidelines. Actions Taken or Planned: The Director of Accounting and Property Accountant will review and verify balances in the Residual Receipts escrow accounts, determine amount eligible for retainage and submit the remainder to HUD in accordance with current regulations.
FAC accepted this audit on October 24, 2017 — management decision was due April 24, 2018.
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