EIN: 310667300
UEI: GSA_MIGRATION
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 3, 2020. 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 May 3, 2021, which was (1936 days ago).
What is a management decision? →S3800-010 Finding reference number 2019-001 S3800-011 Title and CFDA number of federal HUD Direct Loan Program 14.157 program 3800-015 Type of finding Financial Statement and Federal Award Finding S3800-016 Finding resolution status In process 3800-017 Information on universe population Population consisted of all expendures incurred size during the audit period. S3800-018 Sample size information Sample size consisted of 40 cash disbursements. S3800-019 Identification of repeat finding and HUD Direct Loan Program reference number finding reference number 2018-001. S3800-020 Criteria Management is responsible for recording expenses, obtaining proper authorization, and documenting the costs with sufficient supporting documentation. S3800-030 Statement of condition The Project did not maintain adequate documentation over payments to tenants for services performed. S3800-032 Cause Current procedures do not allow for written documentation of services performed by tenants. S3800-033 Effect or potential effect Certain costs could be questioned as to being proper business expenses of the project. S3800-035 Auditor non-compliance code S - Internal control deficiencies S3800-037 FHA/Contract number 043-EH030 S3800-040 Questioned costs $13,988 S3800-045 Reporting views of responsible Management agrees with current reporting views officials and has taken appropriate procedures to clear the finding. S3800-080 Recommendation I recommend that the Management Agent maintain written documentation of the business purpose, work completed and approval of payments to tenants for services performed. S3800-090 Auditor's summary of the auditee's The Management Agent will ensure payments to tenants comments on the findings and for services performed follows the same approval and recommendations documentation process as other disbursements. S3800-130 Response Indicator Agree S3800-140 Anticipated Completion Date December 2020 S3800-150 Response Management concurs Contact Person and Number Kenneth Stone, Board Member (937) 325-0020
a. Finding 2019-001. The Project did not maintain adequate documentation over payments to tenants for services performed. (1) Comments on the Finding and Each Recommendation. Management concurs with the finding and the auditor?s recommendation. (2) Actions Taken on the Finding. Management has obtained an invoice template to properly document payments made to tenants for services performed. (3) Anticipated Completion Date: December 2020
2018-001
S3800-010 Finding reference number 2019-002 S3800-011 Title and CFDA number of federal HUD Direct Loan Program 14.157 program 3800-015 Type of finding Federal Award Finding S3800-016 Finding resolution status In process 3800-017 Information on universe population N/A size S3800-018 Sample size information N/A S3800-019 Identification of repeat finding and HUD Direct Loan Program reference number finding reference number 2018-002. S3800-020 Criteria Management is responsible for proper withdrawals from the Replacement Reserve Account. S3800-030 Statement of condition The Project withdrew in excess of the HUD approved amounts in 2018. S3800-032 Cause The Project withdrew without having proper approval form HUD. S3800-033 Effect or potential effect Replacement Reserve Account was underfunded and not available for capital needs of the Property. S3800-035 Auditor non-compliance code A - Unauthorized withdrawals from replacement reserve S3800-037 FHA/Contract number 043-EH030 S3800-040 Questioned costs $1,987 S3800-045 Reporting views of responsible Management agrees with current reporting views officials and worked to to generate additional cash flow needed to fund the deposit. S3800-080 Recommendation I recommend that the Management Agent take additional care to ensure amounts withdrawn correspond with HUD approvals. S3800-090 Auditor's summary of the auditee's The Management Agent will ensure the excess comments on the findings and amount was deposited back into the Replacement recommendations Reserve account. S3800-130 Response Indicator Agree S3800-140 Anticipated Completion Date December 2020 S3800-150 Response Management concurs Contact Person and Number Kenneth Stone, Board Member (937) 325-0020
a. Finding 2019-002. The Project made a withdraw from the replacement reserve in excess of the HUD approved amount which has been corrected. (1) Comments on the Finding and Each Recommendation. Management concurs with the finding and the auditor?s recommendation. (2) Actions Taken on the Finding. Management made the withdrawal in error and has corrected the transaction. (3) Anticipated Completion Date: December 2020
2018-002
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 30, 2019. 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 March 30, 2020, which was (2335 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
2017-001
GSA_MIGRATION
GSA_MIGRATION
2017-002
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 30, 2018. 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 March 30, 2019, which was (2701 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
2016-001
GSA_MIGRATION
GSA_MIGRATION
2016-002
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 29, 2017. 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 March 29, 2018, which was (3067 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
2015-001
GSA_MIGRATION
GSA_MIGRATION
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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