EIN: 273842950
UEI: TVSPJAHG2DE5
Audited by: Frankel LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 30, 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 July 30, 2026 (30 days ago).
What is a management decision? →FAC accepted this audit on February 24, 2025 — management decision was due August 24, 2025.
The Corporation does not have written procurement policies governing the selection, award, and administration of contracts. Cause: The Corporation does not have sufficient internal controls to ensure they are in compliance with the requirements of federal programs. Effect: The Corporation is not in compliance with 2 CFR 200, Subpart D which could lead to inappropriate selection, award, or administration of contracts and federal program noncompliance. Response: See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Procurement Policies (Repeat of 2022-003) Criteria: Section 2 of the Code of Federal Regulations (CFR), Part 200, Subpart D, includes the procurement standards which require written standards of conduct for an entity governing the actions of its employees engaged in the selection, award, and administration of contracts. Condition: The Corporation does not have written procurement policies governing the selection, award, and administration of contracts. Cause: The Corporation does not have sufficient internal controls to ensure they are in compliance with the requirements of federal programs. Effect: The Corporation is not in compliance with 2 CFR 200, Subpart D which could lead to inappropriate selection, award, or administration of contracts and federal program noncompliance. Response: See Corrective Action Plan.
We concur with the finding and agree that we should have written procurement policies to comply with 2 CFR 200 Subpart D. We have developed and implemented comprehensive written policies that align with the provisions of 2 CFR 200 Subpart D and other relevant sections. These policies have been incorporated into the organization's accounting procedures and policy manual. Additionally, a specific procurement policy has been created and implemented as a component of the broader financial policy document. Procedures were implement in 1st Quarter 2024 and will be applied indefinitely.
2002-003
FAC accepted this audit on April 3, 2024 — management decision was due October 3, 2024.
The Corporation does not have written procurement policies governing the selection, award, and administration of contracts. Cause: The Corporation does not have sufficient internal controls to ensure they are in compliance with the requirements of federal programs. Effect: The Corporation is not in compliance with 2 CFR 200, Subpart D which could lead to inappropriate selection, award, or administration of contracts and federal program noncompliance. Response: See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Procurement Policies Criteria: Section 2 of the Code of Federal Regulations (CFR), Part 200, Subpart D, includes the procurement standards which require written standards of conduct for an entity governing the actions of its employees engaged in the selection, award, and administration of contracts. Condition: The Corporation does not have written procurement policies governing the selection, award, and administration of contracts. Cause: The Corporation does not have sufficient internal controls to ensure they are in compliance with the requirements of federal programs. Effect: The Corporation is not in compliance with 2 CFR 200, Subpart D which could lead to inappropriate selection, award, or administration of contracts and federal program noncompliance. Response: See Corrective Action Plan.
We concur with the finding and agree that we should have written procurement policies to comply with 2 CFR 200 Subpart D. Our plan is to implement written policies that include the provisions of 2 CFR 200 Subpart D and other relevant sections. These policies will be included in the organizational accounting procedures and policy manual. Procedures are being implemented in 1st Quarter 2024 and will continue indefinitely.
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