EIN: 300346773
UEI: GSA_MIGRATION
Data as of August 26, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 21, 2021. 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 21, 2021 (1710 days ago).
What is a management decision? →The Organization is delinquent in making the required payments from May 2020 through December 2020, with an outstanding amount due at December 31, 2020 of $717,752. It was also noted that payments for the months of January 2020 through April 2020 were made after the due dates. Cause of Condition: The Organization did not have adequate cash balances on hand to make the required payments timely during 2020. Effect of Condition: The delinquent payments are an event of default on the mortgage loans and resulted in non-compliance with the regulatory agreements. Identification of Repeat Finding: The finding is a repeat of a finding noted in the audit for December 31, 2019 as finding number 2019-001. Recommendation: We recommend that the Organization remit the delinquent mortgage payments as soon as possible in order to bring the mortgage loan current. Views of Responsible Officials: Management agrees with the finding, however the funds are not available and the Organization is in the process of a workout plan with HUD on the project.
Show full finding ▾Hide full finding ▴Finding No. 2020-001: Section 232 Mortgage Insurance for Nursing Homes, CFDA 14.129 and Section 241(a) Supplemental Loan Insurance, CFDA 14.151 Criteria: The Organization is required to make monthly mortgage payments, including principal, interest, reserve for replacement deposits and escrow deposits for insurance in accordance with the terms of the mortgage notes and regulatory agreements. Statement of Condition: The Organization is delinquent in making the required payments from May 2020 through December 2020, with an outstanding amount due at December 31, 2020 of $717,752. It was also noted that payments for the months of January 2020 through April 2020 were made after the due dates. Cause of Condition: The Organization did not have adequate cash balances on hand to make the required payments timely during 2020. Effect of Condition: The delinquent payments are an event of default on the mortgage loans and resulted in non-compliance with the regulatory agreements. Identification of Repeat Finding: The finding is a repeat of a finding noted in the audit for December 31, 2019 as finding number 2019-001. Recommendation: We recommend that the Organization remit the delinquent mortgage payments as soon as possible in order to bring the mortgage loan current. Views of Responsible Officials: Management agrees with the finding, however the funds are not available and the Organization is in the process of a workout plan with HUD on the project.
CORRECTIVE ACTION PLAN June XX, 2020 Department of Housing and Urban Development BHI Properties, LLC respectfully submits the following corrective action plan for the year ended December 31, 2020 Name and address of independent public accounting firm: Deming, Malone, Livesay & Ostroff, PSC, 9300 Shelbyville Road, Suite 1100, Louisville, Kentucky 40222 Audit period: January 1, 2020 through December 31, 2020 The finding from the December 31, 2020 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. Finding ? Federal Awards Finding No 2020-001: Section 232 Mortgage Insurance for Nursing Homes, CFDA 14.129 Section 241(a) Supplemental Loan Insurance, CFDA 14.151 Recommendation: We recommend that the Organization remit delinquent mortgage payments as soon as possible in order to bring the mortgage loan current. Action Taken: We are in the process of a workout plan with HUD on the project.
2019-001
FAC accepted this audit on April 30, 2020 — management decision was due October 30, 2020.
The Organization was one-month delinquent in making the required payments, with an outstanding amount due at December 31, 2019 of $89,128. It was also noted that payments on the mortgages were made after the due date beginning in April 2019. Cause of Condition: The Organization did not have adequate cash balances on hand to make the required payments timely during 2019. Effect of Condition: The delinquent payments are an event of default on the mortgage loans and resulted in non-compliance with the regulatory agreements. Questioned Costs: The amount delinquent as of December 31, 2019 was $89,128. Recommendation: We recommend that the Organization remit the delinquent mortgage payments as soon as possible in order to bring the mortgage loan current. Views of Responsible Officials: Management agrees with the finding and the delinquent payment was made in February 2020.
Show full finding ▾Hide full finding ▴Finding No. 2019-001: Section 232 Mortgage Insurance for Nursing Homes, CFDA 14.129 and Section 241(a) Supplemental Loan Insurance, CFDA 14.151 Criteria: The Organization is required to make monthly mortgage payments, including principal, interest, reserve for replacement deposits and escrow deposits for insurance in accordance with the terms of the mortgage notes and regulatory agreements. Statement of Condition: The Organization was one-month delinquent in making the required payments, with an outstanding amount due at December 31, 2019 of $89,128. It was also noted that payments on the mortgages were made after the due date beginning in April 2019. Cause of Condition: The Organization did not have adequate cash balances on hand to make the required payments timely during 2019. Effect of Condition: The delinquent payments are an event of default on the mortgage loans and resulted in non-compliance with the regulatory agreements. Questioned Costs: The amount delinquent as of December 31, 2019 was $89,128. Recommendation: We recommend that the Organization remit the delinquent mortgage payments as soon as possible in order to bring the mortgage loan current. Views of Responsible Officials: Management agrees with the finding and the delinquent payment was made in February 2020.
CORRECTIVE ACTION PLAN April 27, 2020 Department of Housing and Urban Development BHI Properties, LLC respectfully submits the following corrective action plan for the year ended December 31, 2019 Name and address of independent public accounting firm: Deming, Malone, Livesay & Ostroff, PSC, 9300 Shelbyville Road, Suite 1100, Louisville, Kentucky 40222 Audit period: January 1, 2019 through December 31, 2019 The finding from the December 31, 2019 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. Finding ? Federal Awards Finding No 2019-001: Section 232 Mortgage Insurance for Nursing Homes, CFDA 14.129 Section 241(a) Supplemental Loan Insurance, CFDA 14.151 Recommendation: We recommend that the Organization remit delinquent mortgage payments as soon as possible in order to bring the mortgage loan current. Action Taken: The Organization understands and accepts the above recommendation. The delinquent payment as of December 31, 2019 was paid in February 2020. If the United States Department of Housing and Urban Development has questions regarding this plan, please call William Wallen at (502) 426-5531. Sincerely, William Wallen BHI Properties, LLC
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.
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and compliance status.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.