EIN: 311499481
UEI: T5E9CHZ2SKJ1
Data as of August 20, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 20, 2023. 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 January 20, 2024, which was (944 days ago).
What is a management decision? →2022-001 Finding Type - Immaterial noncompliance with major program requirements Title and CFDA Number of Federal Program - 14.157 - Supportive Housing for the Elderly (Section 202) - Capital Advance Finding Resolution Status - In Process Information on Universe and Population Size - Annual reserve for replacement deposits are reviewed as a part of audit procedures. Sample Size Information - Monthly deposits are required for the reserve for replacement deposits and should total twelve monthly deposits. Identification of Repeat Finding and Finding Reference Number - N/A Criteria - The Corporation should have made 12 monthly deposits of $193,290 into the reserve for replacements account as required by the regulatory agreement. Statement of Condition - The Corporation failed to make the required reserve for replacements deposits in the current fiscal year, which caused an underfunding to the reserve for replacement totaling $33,658. Cause - The Corporation failed to monitor the cash requirements of the reserve for replacement account as specified by the regulatory agreement. Effect or Potential Effect - The replacement reserve account was underfunded in the current fiscal year by $33,658. Auditor Noncompliance Code - N - Reserve for replacements deposits Reporting Views of Responsible Officials - The Corporation agrees with the findings as reported. Context - During our testing of reserve for replacement deposits in accordance with the Regulatory Agreement, an instance of noncompliance was noted. Recommendation - All required deposits should be made in accordance with the regulatory agreement. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management should make the required reserve for replacements deposits in the current fiscal year. Response Indicator - Agree Completion Date - June 30, 2023 Response -The project did not have sufficient cash on hand to make the required deposits in May and June. Management believes they have appropriate controls in place to make required deposits to the replacement reserve; however, was unable to do so without sufficient cash on hand. Management intends to make up the underfunded deposits during the year ended June 30, 2023.
Finding Number: 2022-001 Condition: The Corporation failed to make the required reserve for replacements deposits in the current fiscal year, which caused an underfunding to the reserve for replacement totaling $33,658. Planned Corrective Action: The project did not have sufficient cash on hand to make the required deposits in May and June. Management believes they have appropriate controls in place to make required deposits to the replacement reserve; however, was unable to do so without sufficient cash on hand. Management intends to make up the underfunded deposits during the year ended June 30, 2023. Contact person responsible for corrective action: Jill Kolb Anticipated Completion Date: 6/30/2023
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 9, 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 March 9, 2021, which was (1991 days ago).
What is a management decision? →Finding Type Immaterial noncompliance with major program requirements Title and CFDA Number of Federal Program 14.157 Supportive Housing for the Elderly (Section 202) Capital Advance Finding Resolution Status In Process Information on Universe and Population Size Annual reserve for replacement deposits are reviewed as a part of audit procedures. Sample Size Information Monthly deposits are required for the reserve for replacement deposits and should total twelve monthly deposits. Identification of Repeat Finding and Finding Reference Number N/A Criteria The Corporation should have made 12 monthly deposits of $19,329 into the reserve for replacements account as required by the regulatory agreement. Statement of Condition The Corporation failed to make the required reserve for replacements deposits in the current fiscal year, which caused an underfunding to the reserve for replacement totaling $77,316. Cause The Corporation failed to maintain the cash requirements of the reserve for replacement account as specified by the regulatory agreement due to not receiving HUD subsidy for the months of February, March and April 2020. Effect or Potential Effect The replacement reserve account was underfunded in the current fiscal year by $77,316. Auditor Noncompliance Code N Reserve for replacements deposits Reporting Views of Responsible Officials The Corporation agrees with the findings as reported. Context During our testing of reserve for replacement deposits in accordance with the Regulatory Agreement, an instance of noncompliance was noted. Recommendation All required deposits should be made in accordance with the regulatory agreement. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations The Auditor recommended that management make the delinquent deposits to the reserve for replacement account in the underfunded amount. Response Indicator Agree Completion Date July 7, 2020 Response Management has proper controls in place to make required reserve for replacement deposits. Management made all required replacement reserve deposits on July 7, 2020.
1. Comments on Findings and Recommendation Management should make the delinquent deposits to the reserve for replacement account in the underfunded amount and ensure deposits are made in accordance with the regulatory agreement. 2. Actions Taken or Planned Management has proper controls in place to make required reserve for replacement deposits. Management intends on making the required deposits in fiscal year 2021 upon receipt of HUD subsidy. 3.Status on Corrective Actions on Prior Findings N/A no prior findings.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 13, 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 13, 2019, which was (2718 days ago).
What is a management decision? →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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