EIN: 351986796
UEI: Z7XFJWWF3821
Audited by: CBIZ CPAs P.C.
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 June 17, 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 December 17, 2025 (267 days ago).
What is a management decision? →FAC accepted this audit on July 29, 2024 — management decision was due January 29, 2025.
FAC accepted this audit on July 29, 2024 — management decision was due January 29, 2025.
FAC accepted this audit on October 25, 2022 — management decision was due April 25, 2023.
FAC accepted this audit on June 29, 2021 — management decision was due December 29, 2021.
FAC accepted this audit on September 10, 2020 — management decision was due March 10, 2021.
Required replacement reserve deposits in the amount of $1,356 were not made during the year ended March 31, 2020. Cause: The mortgagee failed to change the monthly billing statements for replacement reserves. Effect: The Company was not in compliance with the Regulatory Agreement relative to the required replacement reserve deposits. Auditors? Non-Compliance Code: N - Owners must make monthly deposits into a reserve for replacements account in an amount determined by HUD. Amount of Questioned Costs $ -0- Context: This was not a sampling audit procedure. Recommendation: Make the delinquent deposit to the reserve for replacements account as required. Auditors? Summary of Auditee?s Comments on the Findings and Recommendations: Auditee agreed with auditors? findings. Response Indicator Accepted Completion Date June 19, 2020 Views of Responsible Officials and Planned Corrective Actions: Management made the required deposits on June 19, 2020 and will ensure compliance in the future. Contact Person: David Cooper
Show full finding ▾Hide full finding ▴Criteria: Pursuant to the Regulatory Agreement, replacement reserve deposits are to be made on a monthly basis into a separate restricted account in an amount as determined by HUD. Statement of Condition: Required replacement reserve deposits in the amount of $1,356 were not made during the year ended March 31, 2020. Cause: The mortgagee failed to change the monthly billing statements for replacement reserves. Effect: The Company was not in compliance with the Regulatory Agreement relative to the required replacement reserve deposits. Auditors? Non-Compliance Code: N - Owners must make monthly deposits into a reserve for replacements account in an amount determined by HUD. Amount of Questioned Costs $ -0- Context: This was not a sampling audit procedure. Recommendation: Make the delinquent deposit to the reserve for replacements account as required. Auditors? Summary of Auditee?s Comments on the Findings and Recommendations: Auditee agreed with auditors? findings. Response Indicator Accepted Completion Date June 19, 2020 Views of Responsible Officials and Planned Corrective Actions: Management made the required deposits on June 19, 2020 and will ensure compliance in the future. Contact Person: David Cooper
Community Reinvestment Foundation - X, Inc. respectfully submits the following corrective action plan for the year ended March 31, 2020. Name and address of independent public accounting firm: Somerset CPAs, P.C. 3925 River Crossing Pkwy, Suite 300, Indianapolis, IN 46240. Audit period: Year ended March 31, 2020. The findings from the March 31, 2020 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the number assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. Findings-Financial Statement Audit: None. Findings-Federal Award Programs Audits: U.S. Department of Housing and Urban Development, Finding 2020-001: Section 223(f), CFDA 14.155. Recommendation: Make the delinquent deposit to the reserve for replacements account as required. Action taken: Management made the required deposit to the reserve for replacement account on June 19, 2020 and will ensure compliance in the future. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call David Cooper at 317-554-2100.
FAC accepted this audit on July 29, 2019 — management decision was due January 29, 2020.
FAC accepted this audit on July 15, 2018 — management decision was due January 15, 2019.
FAC accepted this audit on August 14, 2017 — management decision was due February 14, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on August 15, 2016 — management decision was due February 15, 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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