EIN: 351437955
UEI: H4RPKLLCGWX1
Audited by: MADDOX & ASSOCIATES, APC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 10, 2025. 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 August 10, 2025 (395 days ago).
What is a management decision? →FAC accepted this audit on January 24, 2024 — management decision was due July 24, 2024.
FAC accepted this audit on January 12, 2023 — management decision was due July 12, 2023.
FAC accepted this audit on November 29, 2021 — management decision was due May 29, 2022.
S3800-010 Finding Reference Number 2021-001 S3800-011 Title and CFDA Number of Federal Program 14.155 - Project Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference Number Not a repeat finding S3800-020 Criteria The Management Certification requires managements fees to not exceed 5.75% of residential income collected. S3800-030 Statement of Condition The Corporation overpaid management fees S3800-032 Cause Management oversight. S3800-033 Effect or Potential Effect Overpaying management fees could result in the Corporation being in an operating deficit in future periods. S3800-035 Auditor Non-Compliance Code B - Allowable Costs/ Cost Principals S3800-040 Questioned Costs $19,849S3800-045 Reporting Views of Responsible Officials Management agrees that management fees were overpaid. S3800-080 Recommendation The management agent should return $19,849 to the Corporation. S3800-090 Auditor's Summary of the Auditee's Comments on the Finding and Recommendations The Corporation concurs that management fees were overpaid. S3800-130 Response Indicator Agree S3800-140 Completion Date 11/1/2021 S3800-150 Response The Management Agent deposited $19,849 to repay the overpaid management fees. S3800-160 Contact Person First Name Jill S3800-180 Contact person Last Name Kolb
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number 2021-001 S3800-011 Title and CFDA Number of Federal Program 14.155 - Project Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference Number Not a repeat finding S3800-020 Criteria The Management Certification requires managements fees to not exceed 5.75% of residential income collected. S3800-030 Statement of Condition The Corporation overpaid management fees S3800-032 Cause Management oversight. S3800-033 Effect or Potential Effect Overpaying management fees could result in the Corporation being in an operating deficit in future periods. S3800-035 Auditor Non-Compliance Code B - Allowable Costs/ Cost Principals S3800-040 Questioned Costs $19,849S3800-045 Reporting Views of Responsible Officials Management agrees that management fees were overpaid. S3800-080 Recommendation The management agent should return $19,849 to the Corporation. S3800-090 Auditor's Summary of the Auditee's Comments on the Finding and Recommendations The Corporation concurs that management fees were overpaid. S3800-130 Response Indicator Agree S3800-140 Completion Date 11/1/2021 S3800-150 Response The Management Agent deposited $19,849 to repay the overpaid management fees. S3800-160 Contact Person First Name Jill S3800-180 Contact person Last Name Kolb
S3800-090 Auditor's Summary of the Auditee's Comments on the Finding and Recommendations The Corporation concurs that management fees were overpaid. S3800-130 Response Indicator Agree S3800-140 Completion Date XX/XX/2021 S3800-150 Response The Management Agent deposited $19,849 to repay the overpaid management fees. S3800-160 Contact Person First Name Jill S3800-180 Contact person Last Name Kolb
FAC accepted this audit on January 10, 2021 — management decision was due July 10, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on January 1, 2019 — management decision was due July 1, 2019.
FAC accepted this audit on January 21, 2018 — management decision was due July 21, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on November 28, 2016 — management decision was due May 28, 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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