EIN: 300568596
UEI: ZC87VDU4JXJ6
Audited by: BAKER MEINZ & ASSOCIATES, LTD
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 24, 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 24, 2026 (107 days from today).
What is a management decision? →The Project's replacement reserve cash balance was underfunded at March 31, 2026. Criteria: During the year ended March 31, 2026, the Project withdrew $30 more than it should have from its replacement reserve account. Effect: The replacement reserve cash balance was $30 less than it should be at March 31, 2026. Context: Activity in the replacement reserve account for the year ended March 31, 2026 was tested. No sample was tested. Questioned costs - $30; Cause: The Project withdrew $30 more than the HUD approved withdrawal amount. Recommendation: The Project should deposit $30 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $30 into the replacement reserve account in April 2026. Total-Department of Housing and Urban Development - $30; Non-compliance code - A
Show full finding ▾Hide full finding ▴DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2026-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project's replacement reserve cash balance was underfunded at March 31, 2026. Criteria: During the year ended March 31, 2026, the Project withdrew $30 more than it should have from its replacement reserve account. Effect: The replacement reserve cash balance was $30 less than it should be at March 31, 2026. Context: Activity in the replacement reserve account for the year ended March 31, 2026 was tested. No sample was tested. Questioned costs - $30; Cause: The Project withdrew $30 more than the HUD approved withdrawal amount. Recommendation: The Project should deposit $30 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $30 into the replacement reserve account in April 2026. Total-Department of Housing and Urban Development - $30; Non-compliance code - A
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2026-001: SECTION 811, ASSISTANCE LISTING NUMBER 14.181 Condition: The Project's replacement reserve cash balance was underfunded at March 31, 2026. Recommendation: The Project should deposit $30 into the replacement reserve account. Action Taken: The Project agrees with the finding. Management deposited $30 into the replacement reserve account in April 2026. If the Department of Housing and Urban Development has questions regarding this plan, please call Jeanne Overocker at 651-645-7271.
FAC accepted this audit on July 17, 2025 — management decision was due January 17, 2026.
FAC accepted this audit on September 9, 2024 — management decision was due March 9, 2025.
FAC accepted this audit on December 12, 2023 — management decision was due June 12, 2024.
FAC accepted this audit on December 11, 2022 — management decision was due June 11, 2023.
FAC accepted this audit on November 9, 2021 — management decision was due May 9, 2022.
FAC accepted this audit on November 30, 2020 — management decision was due May 30, 2021.
FAC accepted this audit on October 13, 2019 — management decision was due April 13, 2020.
The Project overpaid management fees by $621. Criteria: Management fees should be calculated according to HUD guidelines. Effect: The Project's management fees were overpaid by $621. Context: Management fees was recalculated and tested for accuracy at March 31, 2019. No sample was tested. Questioned Costs $621 Cause: The Project made an error calculating the management fee. Recommendation: The Project should carefully review the management fee calculation to make sure they do not overpay management fees. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The accounting staff will be reminded to be careful when calculating management fees. Total-Department of Housing and Urban Development $621 Non-compliance code - J
Show full finding ▾Hide full finding ▴ASI-ALEXANDRIA, INC. HUD PROJECT NO. 092-HD071 SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED MARCH 31, 2019 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2019-001: SECTION 811, CFDA 14.181 Condition: The Project overpaid management fees by $621. Criteria: Management fees should be calculated according to HUD guidelines. Effect: The Project's management fees were overpaid by $621. Context: Management fees was recalculated and tested for accuracy at March 31, 2019. No sample was tested. Questioned Costs $621 Cause: The Project made an error calculating the management fee. Recommendation: The Project should carefully review the management fee calculation to make sure they do not overpay management fees. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The accounting staff will be reminded to be careful when calculating management fees. Total-Department of Housing and Urban Development $621 Non-compliance code - J
ASI-ALEXANDRIA, INC. HUD PROJECT NO. 092-HD071 CORRECTIVE ACTION PLAN YEAR ENDED MARCH 31, 2019 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ASI-Alexandria, Inc. respectfully submits the following corrective action plan for the year ended March 31, 2019. Name and address of independent public accounting firm: Hinrichs & Associates, Ltd., 1000 Shelard Parkway, Suite 110, Minneapolis, MN 55426. Audit Period: March 31, 2019. The findings from the March 31, 2019 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS - FINANCIAL STATEMENT AUDIT NONE FINDINGS - FEDERAL AWARD PROGRAMS AUDIT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2019-001: SECTION 811, CFDA 14.181 The Project overpaid management fees by $621. Recommendation: The Project should carefully review the management fee calculation to make sure they do not overpay management fees. Action Taken: The Project agrees with the finding. The accounting staff will be reminded to be careful when calculating management fees. If the Department of Housing and Urban Development has questions regarding this plan, please call Chuck Reuter at 651-645-7271.
FAC accepted this audit on October 9, 2018 — management decision was due April 9, 2019.
FAC accepted this audit on October 16, 2017 — management decision was due April 16, 2018.
FAC accepted this audit on October 23, 2016 — management decision was due April 23, 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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