EIN: 311645415
UEI: LL2MQ8GL9NP4
Audited by: MMB+CO
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 18, 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 September 18, 2026 (17 days from today).
What is a management decision? →FAC accepted this audit on December 2, 2024 — management decision was due June 2, 2025.
FAC accepted this audit on October 25, 2023 — management decision was due April 25, 2024.
FAC accepted this audit on October 10, 2022 — management decision was due April 10, 2023.
FAC accepted this audit on December 20, 2021 — management decision was due June 20, 2022.
FAC accepted this audit on February 16, 2021 — management decision was due August 16, 2021.
Monitoring of tenant rental payments did not provide assurance that all rents were collected and posted to the general ledger on a timely basis. Criteria: Tenants participating in the housing program are required to sign a lease and pay a portion of the rent based upon their income. Cause: Failure of current monitoring controls did not ensure an accurate record of tenant rents. Effect: Possible loss of rental revenues. Recommendations/Comments: Management should review internal controls and related monitoring activities to ensure rental income is accounted for on a timely basis to provide follow-up on unpaid rents or rents collected but not recorded in the general ledger. We recommend establishing a rents receivable general ledger account and setting up tenants as customers, posting rents receivable at the beginning of the month and payments throughout the month by customer. At month?s end, run aging reports by customer for follow-up on delinquent rents. Management?s Views and Corrective Action Plan: Management will accept the Auditor?s recommendation of establishing a rents receivable general ledger account in the Agency?s accounting software. Tenants will be setup as customers and posting rents receivable at the beginning of the month will occur. Rental payments will clear outstanding rents receivable. An aging report will be reviewed on a minimum set interval, every 60 days. Delinquent rents will be addressed accordingly, actions taken by the Director or Assistant Director of Residential Services will be noted.
Show full finding ▾Hide full finding ▴FINDING 2020-1 Condition: Monitoring of tenant rental payments did not provide assurance that all rents were collected and posted to the general ledger on a timely basis. Criteria: Tenants participating in the housing program are required to sign a lease and pay a portion of the rent based upon their income. Cause: Failure of current monitoring controls did not ensure an accurate record of tenant rents. Effect: Possible loss of rental revenues. Recommendations/Comments: Management should review internal controls and related monitoring activities to ensure rental income is accounted for on a timely basis to provide follow-up on unpaid rents or rents collected but not recorded in the general ledger. We recommend establishing a rents receivable general ledger account and setting up tenants as customers, posting rents receivable at the beginning of the month and payments throughout the month by customer. At month?s end, run aging reports by customer for follow-up on delinquent rents. Management?s Views and Corrective Action Plan: Management will accept the Auditor?s recommendation of establishing a rents receivable general ledger account in the Agency?s accounting software. Tenants will be setup as customers and posting rents receivable at the beginning of the month will occur. Rental payments will clear outstanding rents receivable. An aging report will be reviewed on a minimum set interval, every 60 days. Delinquent rents will be addressed accordingly, actions taken by the Director or Assistant Director of Residential Services will be noted.
Management?s Views and Corrective Action Plan: Management will accept the Auditor?s recommendation of establishing a rents receivable general ledger account in the Agency?s accounting software. Tenants will be setup as customers and posting rents receivable at the beginning of the month will occur. Rental payments will clear outstanding rents receivable. An aging report will be reviewed on a minimum set interval, every 60 days. Delinquent rents will be addressed accordingly, actions taken by the Director or Assistant Director of Residential Services will be noted.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on November 6, 2018 — management decision was due May 6, 2019.
FAC accepted this audit on October 26, 2017 — management decision was due April 26, 2018.
FAC accepted this audit on October 19, 2016 — management decision was due April 19, 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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