Ahepa 78, Inc

EIN: 351634086

UEI: SHPCZN69TK19

Data as of August 26, 2026

Ahepa 78, Inc10 audit years2 findings
10
Audit Years
2
Total Findings
0
Repeat Findings

FY 2019-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on October 9, 2019. 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 April 9, 2020 (2330 days ago).

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2019-001
Special Tests & Provisions
QUESTIONED COSTS

Finding reference number: #2019-001 CFDA Title and a number (Federal award identification number and year): Supportive Housing for the Elderly, CFDA 14.157 (Project identification number 074-EH333) Auditor non-compliance code: A - Unauthorized withdrawal from replacement reserve Finding resolution status: Resolved Universe population size: 15 invoices from 2 HUD approved 9250 withdrawals. Sample size information: 15 invoices from 2 HUD approved 9250 withdrawals. Noncompliance information: See statement of condition #2019-001 for noncompliance information. Statically valid sample: Yes Name of Federal agency: U.S. Department of Housing and Urban Development Pass Through entity: N/A Questioned costs: $23,126 Statement of condition #2019-001: During the year ended June 30, 2019, HUD approved a reserve for replacements withdrawal that included invoices from a previously authorized withdrawal. The reserve for replacements account was not reimbursed for the duplicate withdrawal. Criteria: Pursuant to paragraph 2(a) of the Regulatory Agreement (form HUD-92466-CA), the Corporation shall not make withdrawals from the reserve for replacements account except after receiving the written consent of HUD and for the purpose of replacing structural elements and mechanical equipment of the Property. Effect or potential effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. At June 30, 2019, the Property's reserve for replacements fund is underfunded by $23,126. Cause: Management requested and was granted a reimbursement from the reserve for replacements fund on two separate occasions for three invoices paid from operations. Recommendation: Management should transfer funds from the operating account in order to bring the reserve for replacements fund current. Completion date: September 24, 2019 Management Response: Agree. On September 24, 2019, management reimbursed the Property's reserve for replacements fund in the amount of $23,126.

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Full finding narrative

Finding reference number: #2019-001 CFDA Title and a number (Federal award identification number and year): Supportive Housing for the Elderly, CFDA 14.157 (Project identification number 074-EH333) Auditor non-compliance code: A - Unauthorized withdrawal from replacement reserve Finding resolution status: Resolved Universe population size: 15 invoices from 2 HUD approved 9250 withdrawals. Sample size information: 15 invoices from 2 HUD approved 9250 withdrawals. Noncompliance information: See statement of condition #2019-001 for noncompliance information. Statically valid sample: Yes Name of Federal agency: U.S. Department of Housing and Urban Development Pass Through entity: N/A Questioned costs: $23,126 Statement of condition #2019-001: During the year ended June 30, 2019, HUD approved a reserve for replacements withdrawal that included invoices from a previously authorized withdrawal. The reserve for replacements account was not reimbursed for the duplicate withdrawal. Criteria: Pursuant to paragraph 2(a) of the Regulatory Agreement (form HUD-92466-CA), the Corporation shall not make withdrawals from the reserve for replacements account except after receiving the written consent of HUD and for the purpose of replacing structural elements and mechanical equipment of the Property. Effect or potential effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. At June 30, 2019, the Property's reserve for replacements fund is underfunded by $23,126. Cause: Management requested and was granted a reimbursement from the reserve for replacements fund on two separate occasions for three invoices paid from operations. Recommendation: Management should transfer funds from the operating account in order to bring the reserve for replacements fund current. Completion date: September 24, 2019 Management Response: Agree. On September 24, 2019, management reimbursed the Property's reserve for replacements fund in the amount of $23,126.

Corrective Action Plan

Name of auditee: AHEPA 78, Inc. HUD auditee identification number: 073-EH333 Name of audit firm: Dauby O'Connor & Zaleski, LLC Period covered by the audit: Year ended June 30, 2019 CAP prepared by Name: Christopher Egan Position: Vice President of Finance Telephone number: 317-845-3410 Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations Comment on the finding and each recommendation Statement of Condition #2019-001 (CFDA 14.157): During the year ended June 30, 2019, HUD approved a reserve for replacements withdrawal that included invoices from a previously authorized withdrawal. The reserve for replacements account was not reimbursed for the duplicate withdrawal. Recommendation: Management should transfer funds from the operating account in order to bring the reserve for replacements fund current. Action(s) taken or planned on the finding: Agree. On September 24, 2019, management reimbursed the Property's reserve for replacements fund in the amount of $23,126.

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FY 2016-06-30

FAC accepted this audit on October 23, 2016 — management decision was due April 23, 2017.

2016-001
Special Tests & Provisions
QUESTIONED COSTS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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