EIN: 311762581
UEI: L9SGASYTLB65
Audited by: Tidwell Group, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 10, 2024. 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 10, 2025 (539 days ago).
What is a management decision? →FAC accepted this audit on October 25, 2021 — management decision was due April 25, 2022.
S3800-010 Finding Reference Number 2021-1 S3800-011 Title and CFDA Number of Federal Program 14.181 - Supportive Housing for Persons with Disabilities S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria The Regulatory Agreement requires tenant security deposits, replacement reserves, and residual receipts to be established and maintained in separate bank accounts apart from the operating account. S3800-030 Statement of Condition The Corporation does not have separate bank accounts for the tenant security deposits, replacement reserve, and residual receipts reserve accounts. S3800-035 Auditor Non-Compliance Code Z - Other S3800-037 FHA/Contract Number 046-HD023 S3800-038 Questioned Costs $87,239 S3800-050 Context Upon transfer of cash from the prior management agent to the current agent, the cash was transferred as one lump sum and has not yet been separated into the required bank accounts. S3800-060 Effect The Project could use restricted funds for unintended purposes. S3800-070 Cause Management oversight S3800-080 Recommendation The Corporation should open separate bank accounts for tenant security deposits, replacement reserve, and residual receipts reserve funds and transfer the applicable amounts to each of the newly opened accounts from the operating account.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number 2021-1 S3800-011 Title and CFDA Number of Federal Program 14.181 - Supportive Housing for Persons with Disabilities S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria The Regulatory Agreement requires tenant security deposits, replacement reserves, and residual receipts to be established and maintained in separate bank accounts apart from the operating account. S3800-030 Statement of Condition The Corporation does not have separate bank accounts for the tenant security deposits, replacement reserve, and residual receipts reserve accounts. S3800-035 Auditor Non-Compliance Code Z - Other S3800-037 FHA/Contract Number 046-HD023 S3800-038 Questioned Costs $87,239 S3800-050 Context Upon transfer of cash from the prior management agent to the current agent, the cash was transferred as one lump sum and has not yet been separated into the required bank accounts. S3800-060 Effect The Project could use restricted funds for unintended purposes. S3800-070 Cause Management oversight S3800-080 Recommendation The Corporation should open separate bank accounts for tenant security deposits, replacement reserve, and residual receipts reserve funds and transfer the applicable amounts to each of the newly opened accounts from the operating account.
S3800-090 Auditor's Summary of the Auditee's Comments on the Finding and Recommendations The Corporation concurs that they had commingled funds S3800-130 Response Indicator Agree S3800-140 Completion Date September 28, 2021 S3800-150 Response The Corporation has opened separate bank accounts for tenant security deposits, replacement reserve, and residual receipt funds. S3800-160 Contact Person First Name Daniel S3800-180 Contact Person Last Name Steward
S3800-010 Finding Reference Number 2021-2 S3800-011 Title and CFDA Number of Federal Program 14.181 - Supportive Housing for Persons with Disabilities S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria The Regulatory Agreement requires tenant security deposits, replacement reserve, and residual receipt funds to be deposited in an interest-bearing account. S3800-030 Statement of Condition The Corporation's tenant security deposits, replacement reserve, and residual receipt funds were not deposited in interest bearing accounts. S3800-035 Auditor Non-Compliance Code O / P - Investment of reserve for replacements and residual receipts S3800-037 FHA/Contract Number 046-HD023 S3800-038 Questioned Costs $34 S3800-050 Context The funds held for the tenant security deposit, replacement reserve and residual receipts are not held in an interest bearing bank account. S3800-060 Effect The Project can offset inflationary increases and improve financial condition by investing its security deposits, replacement reserve, and residual receipt funds S3800-070 Cause Management oversight
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number 2021-2 S3800-011 Title and CFDA Number of Federal Program 14.181 - Supportive Housing for Persons with Disabilities S3800-015 Type of Finding Federal Award Finding S3800-020 Criteria The Regulatory Agreement requires tenant security deposits, replacement reserve, and residual receipt funds to be deposited in an interest-bearing account. S3800-030 Statement of Condition The Corporation's tenant security deposits, replacement reserve, and residual receipt funds were not deposited in interest bearing accounts. S3800-035 Auditor Non-Compliance Code O / P - Investment of reserve for replacements and residual receipts S3800-037 FHA/Contract Number 046-HD023 S3800-038 Questioned Costs $34 S3800-050 Context The funds held for the tenant security deposit, replacement reserve and residual receipts are not held in an interest bearing bank account. S3800-060 Effect The Project can offset inflationary increases and improve financial condition by investing its security deposits, replacement reserve, and residual receipt funds S3800-070 Cause Management oversight
S3800-090 Auditor's Summary of the Auditee's Comments on the Finding and Recommendations The Corporation concurs that they did not deposit tenant security deposits, replacement reserve, or residual receipt funds in interest-bearing accounts. S3800-130 Response Indicator Agree S3800-140 Completion Date September 28, 2021 S3800-150 Response The Corporation has opened interest-bearing bank accounts for tenant security deposits, replacement reserve, and residual receipt funds. S3800-160 Contact Person First Name Daniel S3800-180 Contact Person Last Name Steward
FAC accepted this audit on April 28, 2021 — management decision was due October 28, 2021.
FAC accepted this audit on January 4, 2021 — management decision was due July 4, 2021.
FAC accepted this audit on October 30, 2018 — management decision was due April 30, 2019.
FAC accepted this audit on November 27, 2017 — management decision was due May 27, 2018.
FAC accepted this audit on October 25, 2016 — management decision was due April 25, 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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