EIN: 274202514
UEI: WU94A6841CY1
Audited by: CliftonLarsonAllen LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 26, 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 December 26, 2026 (107 days from today).
What is a management decision? →FAC accepted this audit on June 18, 2025 — management decision was due December 18, 2025.
Management distributed more than the amount available for distribution and therefore unauthorized distributions were paid out. Questioned costs: None Context: The project is allowed to take mid year and annual distributions as long as there is sufficient surplus cash. Cause: The surplus cash calculation did not properly calculate surplus cash resulting in an overdistribution of the funds. Effect: Unauthorized 12/31/23 and 6/30/24 distributions resulting in an overdistribution of $124,109 and $477,792, respectively. No funds need to be paid back as there was surplus cash available at 12/31/24. Repeat Finding: N/A Recommendation: We recommend management ensure they are properly calculating surplus cash and distributing in accordance with the calculation. Views of the responsible official and planned corrective actions: No disagreements with the finding.
Show full finding ▾Hide full finding ▴Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 223(f) HUD Insured Mortgage Note Listing Number: 14.155 Pass-Through Agency: N/A Pass-Through Number(s): N/A Award Period: N/A FAIN number and year: 708752 / 800235016 - 2020 Type of Finding: Material Weakness in Internal Control over Compliance Criteria or specific requirement: The Project cannot, without the prior written consent of HUD, distribute any funds except for reasonable operating expenses and necessary repairs that are repaid within 30 days. Condition: Management distributed more than the amount available for distribution and therefore unauthorized distributions were paid out. Questioned costs: None Context: The project is allowed to take mid year and annual distributions as long as there is sufficient surplus cash. Cause: The surplus cash calculation did not properly calculate surplus cash resulting in an overdistribution of the funds. Effect: Unauthorized 12/31/23 and 6/30/24 distributions resulting in an overdistribution of $124,109 and $477,792, respectively. No funds need to be paid back as there was surplus cash available at 12/31/24. Repeat Finding: N/A Recommendation: We recommend management ensure they are properly calculating surplus cash and distributing in accordance with the calculation. Views of the responsible official and planned corrective actions: No disagreements with the finding.
Material Weakness in Internal Control over Compliance Recommendation: We recommend management ensure they are properly calculating surplus cash and distributing in accordance with the calculation. Action taken in response to finding: Management will review and establish procedures to properly calculate surplus cash and distribute these funds timely after year end audit. Name of the contact person responsible for corrective action: Thomas Krolak Planned completion date for corrective action plan: December 31, 2024
FAC accepted this audit on September 30, 2024 — management decision was due March 30, 2025.
FAC accepted this audit on April 25, 2023 — management decision was due October 25, 2023.
FAC accepted this audit on June 6, 2022 — management decision was due December 6, 2022.
FAC accepted this audit on May 26, 2021 — management decision was due November 26, 2021.
FAC accepted this audit on May 4, 2020 — management decision was due November 4, 2020.
FAC accepted this audit on April 7, 2019 — management decision was due October 7, 2019.
FAC accepted this audit on March 25, 2018 — management decision was due September 25, 2018.
FAC accepted this audit on March 12, 2017 — management decision was due September 12, 2017.
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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