EIN: 341553081
UEI: GALTSXDQY3Y9
Data as of August 25, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 31, 2022. 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 1, 2022 (1424 days ago).
What is a management decision? →Finding Type: Immaterial noncompliance with major program requirements Significant deficiency in internal control over compliance Title and CFDA Number of Federal Program 14.155 U.S. Department of Housing and Urban Development Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Projects (Section 207/223(f)) Finding Resolution Status In Process Information on Universe and Population Size Tenant move ins during 2021. Tenant move ins totaled seven for 2021. Sample Size Information 10% of tenant move ins were selected for testing. A sample of two tenant move ins was selected for testing. Identification of Repeat Finding and Finding Reference Number 2020 001 Criteria Enterprise Income Verification (EIV) Tenant Income Reports are required to be run within 90 days after the move in information is transmitted to TRACS to confirm/validate the background history and income reported by the household. Statement of Condition During testing of eligibility, it was noted that the Corporation did not run the Income Report for one tenant in a timely manner as part of the Enterprise Income Verification requirement. Cause The Corporation did not comply with HUD's EIV compliance requirements under HUD Handbook 4350.3. Effect or Potential Effect Income of one tenant moving into the property was not confirmed/validated using EIV reports in a timely manner. Auditor Noncompliance Code S Internal Control Deficiency Reporting Views of Responsible Officials The Corporation agrees with the finding as reported. Context During testing of compliance with eligibility regulations, one instance of noncompliance was noted out of a sample of two tenant files. Recommendation The Corporation should implement internal controls to ensure compliance with HUD move in and EIV report guidelines Auditor's Summary of the Auditee's Comments on the Findings and Recommendations Management believes adequate controls are in place to ensure substantial compliance. Training on move in and EIV procedures is provided annually. Corrective action to be taken when staff do not comply with move in and EIV procedures. Response Indicator Agree Completion Date December 31, 2022 Response The Corporation was not in compliance with move in and EIV guidelines as of December 31, 2021, and management will follow HUD's guidelines regarding income verification.
Show full finding ▾Hide full finding ▴Finding Type: Immaterial noncompliance with major program requirements Significant deficiency in internal control over compliance Title and CFDA Number of Federal Program 14.155 U.S. Department of Housing and Urban Development Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Projects (Section 207/223(f)) Finding Resolution Status In Process Information on Universe and Population Size Tenant move ins during 2021. Tenant move ins totaled seven for 2021. Sample Size Information 10% of tenant move ins were selected for testing. A sample of two tenant move ins was selected for testing. Identification of Repeat Finding and Finding Reference Number 2020 001 Criteria Enterprise Income Verification (EIV) Tenant Income Reports are required to be run within 90 days after the move in information is transmitted to TRACS to confirm/validate the background history and income reported by the household. Statement of Condition During testing of eligibility, it was noted that the Corporation did not run the Income Report for one tenant in a timely manner as part of the Enterprise Income Verification requirement. Cause The Corporation did not comply with HUD's EIV compliance requirements under HUD Handbook 4350.3. Effect or Potential Effect Income of one tenant moving into the property was not confirmed/validated using EIV reports in a timely manner. Auditor Noncompliance Code S Internal Control Deficiency Reporting Views of Responsible Officials The Corporation agrees with the finding as reported. Context During testing of compliance with eligibility regulations, one instance of noncompliance was noted out of a sample of two tenant files. Recommendation The Corporation should implement internal controls to ensure compliance with HUD move in and EIV report guidelines Auditor's Summary of the Auditee's Comments on the Findings and Recommendations Management believes adequate controls are in place to ensure substantial compliance. Training on move in and EIV procedures is provided annually. Corrective action to be taken when staff do not comply with move in and EIV procedures. Response Indicator Agree Completion Date December 31, 2022 Response The Corporation was not in compliance with move in and EIV guidelines as of December 31, 2021, and management will follow HUD's guidelines regarding income verification.
Finding Number: 2021-001 Condition: HUD guidelines regarding the EIV system were not followed and the EIV system reports were not utilized timely during 2021. Planned Corrective Action: Management has implemented guidelines and trainings surrounding the use of the EIV system. Management will continue to monitor the appropriate use of the EIV system. Contact person responsible for corrective action: Donald Smith, Regional Housing Director Anticipated Completion Date: December 31, 2022
2020-001
FAC accepted this audit on March 29, 2021 — management decision was due September 29, 2021.
During EIV Master File testing it was noted that the Corporation did not run Master File reports timely as a part of the Enterprise Income Verification (EIV) requirement. Cause: The Corporation did not comply with HUD's EIV compliance requirements under HUD Handbook 4350.3. Effect or Potential Effect: EIV master file reports were not run timely Auditor Noncompliance Code: S Internal Control Deficiency Reporting Views of Responsible Officials: The Corporation agrees with the finding reported. Context: During testing of EIV master files, noted that the property failed to run one of the required reports for one of the months selected. Recommendation: The Corporation should implement internal controls to ensure compliance with EIV compliance requirements under HUD Handbook 4350.3. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management believes adequate controls are in place to ensure substantial compliance. Training on EIV procedures is provided annually. Corrective action to be taken when staff do not comply with EIV procedures. Response Indicator: Agree Completion Date: December 31, 2020 Response: The Corporation was not in compliance with EIV guidelines as of December 31, 2020, and management will follow HUD's guidelines regarding the timely running of master file reports in future periods.
Show full finding ▾Hide full finding ▴2020 001 Finding Type: Immaterial noncompliance with major program requirements Significant deficiency in internal control over compliance Title and CFDA Number of Federal Program 14.155 U.S. Department of Housing and Urban Development Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Projects (Section 207/223(f)) Finding Resolution Status: In Process Information on Universe and Population Size: EIV master file reports are run monthly and quarterly. Sample Size Information: Selected two months for EIV master file testing. Identification of Repeat Finding and Finding Reference Number: 2019 001 Criteria: EIV master file reports are required to be run both monthly and quarterly. Statement of Condition: During EIV Master File testing it was noted that the Corporation did not run Master File reports timely as a part of the Enterprise Income Verification (EIV) requirement. Cause: The Corporation did not comply with HUD's EIV compliance requirements under HUD Handbook 4350.3. Effect or Potential Effect: EIV master file reports were not run timely Auditor Noncompliance Code: S Internal Control Deficiency Reporting Views of Responsible Officials: The Corporation agrees with the finding reported. Context: During testing of EIV master files, noted that the property failed to run one of the required reports for one of the months selected. Recommendation: The Corporation should implement internal controls to ensure compliance with EIV compliance requirements under HUD Handbook 4350.3. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management believes adequate controls are in place to ensure substantial compliance. Training on EIV procedures is provided annually. Corrective action to be taken when staff do not comply with EIV procedures. Response Indicator: Agree Completion Date: December 31, 2020 Response: The Corporation was not in compliance with EIV guidelines as of December 31, 2020, and management will follow HUD's guidelines regarding the timely running of master file reports in future periods.
Finding Number: 2020-001 Condition: HUD guidelines regarding the EIV system were not followed and the EIV system reports were not utilized timely during 2020. Planned Corrective Action: Management has implemented guidelines and trainings surrounding the use of the EIV system. Management will continue to monitor the appropriate use of the EIV system. Contact person responsible for corrective action: Julie Reed, Housing Accounting Manager Anticipated Completion Date: December 31, 2021
2019-001
FAC accepted this audit on June 22, 2020 — management decision was due December 22, 2020.
2019 001 Finding Type: Immaterial noncompliance with major program requirements Significant deficiency in internal control over compliance Title and CFDA Number of Federal Program 14.155 U.S. Department of Housing and Urban Development Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Projects (Section 207/223(f)) Finding Resolution Status In Progress Information on Universe and Population Size EIV master file reports are run monthly and quarterly. Sample Size Information Selected two months for EIV master file testing. Criteria EIV master file reports are required to be run both monthly and quarterly. If exceptions are returned on EIV master file reports, additional procedures may be required, as described under HUD Handbook 4350.3. Statement of Condition During EIV master file testing, it was noted that the Corporation did not run the Failed EIV Pre Screening and Failed Verification Report for one month, as required under HUD Handbook 4350.3. Cause The Corporation did not comply with HUD's EIV compliance requirements under HUD Handbook 4350.3. Effect or Potential Effect EIV master file reports were not run timely. Auditor Noncompliance Code S Internal control deficiency Reporting Views of Responsible Officials The Corporation agrees with the finding reported. Context During testing of EIV master files, noted that the property failed to run two of the required reports for one of the months selected. Recommendation The Corporation should implement internal controls to ensure compliance with EIV compliance requirements under HUD Handbook 4350.3. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations Management believes adequate controls are in place to ensure substantial compliance. Training on EIV procedures is provided annually. Corrective action to be taken when staff do not comply with EIV procedures. Response Indicator Agree 2019 001 (Cont'd) Completion Date December 31, 2019 Response The Corporation was not in compliance with EIV guidelines as of December 31, 2019, and management will follow HUD's guidelines regarding the timely running of master file reports in future periods.
Show full finding ▾Hide full finding ▴2019 001 Finding Type: Immaterial noncompliance with major program requirements Significant deficiency in internal control over compliance Title and CFDA Number of Federal Program 14.155 U.S. Department of Housing and Urban Development Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Projects (Section 207/223(f)) Finding Resolution Status In Progress Information on Universe and Population Size EIV master file reports are run monthly and quarterly. Sample Size Information Selected two months for EIV master file testing. Criteria EIV master file reports are required to be run both monthly and quarterly. If exceptions are returned on EIV master file reports, additional procedures may be required, as described under HUD Handbook 4350.3. Statement of Condition During EIV master file testing, it was noted that the Corporation did not run the Failed EIV Pre Screening and Failed Verification Report for one month, as required under HUD Handbook 4350.3. Cause The Corporation did not comply with HUD's EIV compliance requirements under HUD Handbook 4350.3. Effect or Potential Effect EIV master file reports were not run timely. Auditor Noncompliance Code S Internal control deficiency Reporting Views of Responsible Officials The Corporation agrees with the finding reported. Context During testing of EIV master files, noted that the property failed to run two of the required reports for one of the months selected. Recommendation The Corporation should implement internal controls to ensure compliance with EIV compliance requirements under HUD Handbook 4350.3. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations Management believes adequate controls are in place to ensure substantial compliance. Training on EIV procedures is provided annually. Corrective action to be taken when staff do not comply with EIV procedures. Response Indicator Agree 2019 001 (Cont'd) Completion Date December 31, 2019 Response The Corporation was not in compliance with EIV guidelines as of December 31, 2019, and management will follow HUD's guidelines regarding the timely running of master file reports in future periods.
1.Comments on Findings and Recommendation Management acknowledges failure to comply with following up on Master File Report exceptions. 2.Actions Taken or Planned The Corporation will regularly monitor master file reports during the year. Additional training will be provided and corrective action will be taken. Management is reviewing and revising the EIV policy. 3.Status of Corrective Actions on Prior Findings The corporation did not correct the deficiencies in 2019.
2018-001
FAC accepted this audit on April 22, 2019 — management decision was due October 22, 2019.
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