EIN: 351831922
UEI: KC9HLZAW47N4
Audited by: Riney Hancock CPAs PSC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 30, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 6, 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 July 6, 2026 (55 days ago).
What is a management decision? →FAC accepted this audit on September 30, 2024 — management decision was due March 30, 2025.
FAC accepted this audit on August 21, 2023 — management decision was due February 21, 2024.
FAC accepted this audit on January 11, 2023 — management decision was due July 11, 2023.
FAC accepted this audit on May 23, 2022 — management decision was due November 23, 2022.
FAC accepted this audit on January 31, 2021 — management decision was due July 31, 2021.
FINDING 2019-001: Improper Recording of Partnership Activity Finding: The activity for two low-income housing projects has been incorrectly posted: ? Funds that were received by ECHO and advanced to the partnerships were not recorded as income and a note receivable; ? Reimbursements and fees received from the partnerships were sometimes recorded as contributions, sometimes as assets, and sometimes as contra-expenses; ? Some of the payments made to one of the partnerships that was passed through from HUD for rental assistance was recorded as an asset rather than expense. This is a repeat finding from the 2018 audit, identified as Finding 2018-001. Recommendation: We recommend ECHO draft accounting policies regarding the activity of these partnerships, including review and approval of these transactions from appropriate management personnel, and providing further training of these activities with accounting staff.
Show full finding ▾Hide full finding ▴FINDING 2019-001: Improper Recording of Partnership Activity Finding: The activity for two low-income housing projects has been incorrectly posted: ? Funds that were received by ECHO and advanced to the partnerships were not recorded as income and a note receivable; ? Reimbursements and fees received from the partnerships were sometimes recorded as contributions, sometimes as assets, and sometimes as contra-expenses; ? Some of the payments made to one of the partnerships that was passed through from HUD for rental assistance was recorded as an asset rather than expense. This is a repeat finding from the 2018 audit, identified as Finding 2018-001. Recommendation: We recommend ECHO draft accounting policies regarding the activity of these partnerships, including review and approval of these transactions from appropriate management personnel, and providing further training of these activities with accounting staff.
2019-001 Improper Recording of Partnership Activity Recommendation: We recommend ECHO draft accounting policies regarding the activity of these partnerships, including review and approval of these transactions from appropriate management personnel, and providing further training of these activities with accounting staff. Action Taken: Management has drafted accounting policies to provide accounting guidance and has begun training staff on appropriate recording of partnership activities.
2018-001
FINDING 2019-002: Improper Recording of Grant Income and Expenses Finding: Grant funds and expenses for the same grants were recorded in various general ledger accounts, making it difficult to adequately identify the grant funding by source. In accordance with the Uniform Compliance Guidelines, entities must maintain accurate, current and complete disclosure of the financial results of each government sponsored project or program and records that adequately identify the source and application of funds for government sponsored activities. This is a repeat finding from the 2018 audit, identified as Finding 2018-002. Recommendation: We recommend recording grant funding for each separate grant in its own general ledger account or class within the accounting software and further training of accounting personnel to ensure that no other sources of income or expense are recorded in these accounts or classes.
Show full finding ▾Hide full finding ▴FINDING 2019-002: Improper Recording of Grant Income and Expenses Finding: Grant funds and expenses for the same grants were recorded in various general ledger accounts, making it difficult to adequately identify the grant funding by source. In accordance with the Uniform Compliance Guidelines, entities must maintain accurate, current and complete disclosure of the financial results of each government sponsored project or program and records that adequately identify the source and application of funds for government sponsored activities. This is a repeat finding from the 2018 audit, identified as Finding 2018-002. Recommendation: We recommend recording grant funding for each separate grant in its own general ledger account or class within the accounting software and further training of accounting personnel to ensure that no other sources of income or expense are recorded in these accounts or classes.
2019-002 Improper Recording of Grant Income and Expenses Recommendation: We recommend recording grant funding for each separate grant in its own general ledger account or class within the accounting software and further training of accounting personnel to ensure that no other sources of income or expense are recorded in these accounts or classes. Action Taken: Management has updated ECHO?s chart of accounts to reflect the necessary detail to address this finding and has begun training accounting staff on proper data entry.
2018-002
FAC accepted this audit on January 2, 2020 — management decision was due July 2, 2020.
GSA_MIGRATION
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GSA_MIGRATION
2017-005
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on March 20, 2019 — management decision was due September 20, 2019.
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴FAC accepted this audit on January 3, 2018 — management decision was due July 3, 2018.
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