EIN: 310956562
UEI: MNC8ERH5B5A8
Audited by: Dauby O'Connor & Zaleski, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 29, 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 29, 2026 (56 days from today).
What is a management decision? →FAC accepted this audit on November 4, 2024 — management decision was due May 4, 2025.
FAC accepted this audit on January 11, 2024 — management decision was due July 11, 2024.
FAC accepted this audit on January 15, 2023 — management decision was due July 15, 2023.
FAC accepted this audit on November 29, 2021 — management decision was due May 29, 2022.
FAC accepted this audit on November 9, 2020 — management decision was due May 9, 2021.
Finding reference number: 2020-001 CFDA title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, CFDA 14.155 (073-11585 and 2012) Auditor non-compliance code: B - Failure to make required residual receipts deposit Finding resolution status: Resolved Universe population size: The universe population is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Noncompliance information: See statement of condition 2020-001 for noncompliance information. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $27,964 Statement of Condition 2020-001 (CFDA 14.155): The Corporation did not make the full required residual receipts deposit computed at July 31, 2019 within 90 days of fiscal year end. Criteria: Pursuant to paragraph 11 of the Regulatory Agreement, the residual receipts deposit due to the residual receipts reserve must be deposited within 90 days of fiscal year end. Effect: The Corporation was not in compliance with the Regulatory Agreement. Cause: The Corporation did not make the full required deposit within 90 days of fiscal year end. Recommendation: Management should implement a system to ensure the required deposit to the residual receipts is made within 90 days of fiscal year end. Completion date: December 23, 2019 Management's response: Agree. Management made the required residual receipts deposit on December 23, 2019.
Show full finding ▾Hide full finding ▴Finding reference number: 2020-001 CFDA title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, CFDA 14.155 (073-11585 and 2012) Auditor non-compliance code: B - Failure to make required residual receipts deposit Finding resolution status: Resolved Universe population size: The universe population is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Noncompliance information: See statement of condition 2020-001 for noncompliance information. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $27,964 Statement of Condition 2020-001 (CFDA 14.155): The Corporation did not make the full required residual receipts deposit computed at July 31, 2019 within 90 days of fiscal year end. Criteria: Pursuant to paragraph 11 of the Regulatory Agreement, the residual receipts deposit due to the residual receipts reserve must be deposited within 90 days of fiscal year end. Effect: The Corporation was not in compliance with the Regulatory Agreement. Cause: The Corporation did not make the full required deposit within 90 days of fiscal year end. Recommendation: Management should implement a system to ensure the required deposit to the residual receipts is made within 90 days of fiscal year end. Completion date: December 23, 2019 Management's response: Agree. Management made the required residual receipts deposit on December 23, 2019.
Statement of Condition 2020-001 (CFDA 14.155): The Corporation did not make the full required residual receipts deposit computed at July 31, 2019, within 90 days of fiscal year end. Recommendation: Management should implement a system to ensure the required deposit to the residual receipts is made within 90 days of fiscal year end. Action(s) taken or planned on the finding: Agree. Management made the required residual receipts deposit on December 23, 2019.
FAC accepted this audit on November 18, 2019 — management decision was due May 18, 2020.
FAC accepted this audit on February 4, 2019 — management decision was due August 4, 2019.
FAC accepted this audit on November 26, 2017 — management decision was due May 26, 2018.
FAC accepted this audit on November 29, 2016 — management decision was due May 29, 2017.
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