EIN: 300071529
UEI: Q3D1WBVZKBJ3
Audited by: Wipfli 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 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 (23 days from today).
What is a management decision? →FAC accepted this audit on September 25, 2024 — management decision was due March 25, 2025.
As of June 30, 2024, the replacement reserve account was underfunded by $357. Beginning in February of 2024, the increase in the monthly required deposit amount was inadvertently not made and the required amount from January 2024 continued to be paid throughout fiscal 2024. This caused the annual replacement reserved to be underfunded by $357 at June 30, 2024. Criteria: The Project’s regulatory agreement required deposits of $1,471.42 be made in the replacement reserve account beginning in February of 2024. Cause: Management did not update the financial institution for the increased deposit requirement. Effect: This caused the annual replacement reserved to be underfunded at June 30, 2024, by $357. Recommendation: Management should deposit $357 into the replacement reserve account and ensure that monthly deposits are made in the correct amount. View of Responsible Officials: Management transferred $357 to the replacement reserve account in July 2024. Management will monitor monthly replacement reserve deposits in the future and will notify the financial institution of future increases.
Show full finding ▾Hide full finding ▴U.S. Department of Housing and Urban Development Finding 2024.001, CFDA #14.157 Section 891.405(b) – Replacement Reserve Condition: As of June 30, 2024, the replacement reserve account was underfunded by $357. Beginning in February of 2024, the increase in the monthly required deposit amount was inadvertently not made and the required amount from January 2024 continued to be paid throughout fiscal 2024. This caused the annual replacement reserved to be underfunded by $357 at June 30, 2024. Criteria: The Project’s regulatory agreement required deposits of $1,471.42 be made in the replacement reserve account beginning in February of 2024. Cause: Management did not update the financial institution for the increased deposit requirement. Effect: This caused the annual replacement reserved to be underfunded at June 30, 2024, by $357. Recommendation: Management should deposit $357 into the replacement reserve account and ensure that monthly deposits are made in the correct amount. View of Responsible Officials: Management transferred $357 to the replacement reserve account in July 2024. Management will monitor monthly replacement reserve deposits in the future and will notify the financial institution of future increases.
Management transferred $357 to the replacement reserve account in July 2024. Management will monitor monthly replacement reserve deposits in the future and will notify the financial institution of future increases.
FAC accepted this audit on January 4, 2024 — management decision was due July 4, 2024.
FAC accepted this audit on October 3, 2016 — management decision was due April 3, 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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