EIN: 363363171
UEI: G7EGD64KMYL1
Audit also covers EIN: 811958719 · unlinked EINs have no separate FAC filing
Audited by: CliftonLarsonAllen LLP
Oversight agency: 21 [Department of the Treasury]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 12, 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 June 12, 2026 (81 days ago).
What is a management decision? →FAC accepted this audit on December 5, 2024 — management decision was due June 5, 2025.
FAC accepted this audit on January 10, 2024 — management decision was due July 10, 2024.
FAC accepted this audit on December 12, 2022 — management decision was due June 12, 2023.
FAC accepted this audit on December 15, 2021 — management decision was due June 15, 2022.
FAC accepted this audit on December 7, 2020 — management decision was due June 7, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
During our testing of grant compliance, we noted internal controls around the eligibility and reporting areas of compliance had not been in place and documented during the year. Questioned costs: None noted. Context: Control processes around determining family eligibility for the affordability gap funding and review of reports submitted had not been determined and documented during the year. We noted no errors or noncompliance in our testing of the eligibility and reports. Cause: Internal control procedures either had not been implemented or were not documented. Effect: A lack of internal controls may lead to noncompliance or errors. Repeat Finding: Not a repeat finding. Recommendation: We recommend internal controls over eligibility determinations and performance reports be implemented and documented. Views of responsible officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴Federal agency: U.S. Department of Treasury Federal program title: Capital Magnet Fund CFDA Number: 21.011 Award Period: 06/28/2018 ? 06/28/2023 Type of Finding: ? Significant Deficiency in Internal Control over Compliance. Criteria or specific requirement: 2 CFR ?200.303 requires that entities must establish and maintain effective internal control over federal awards. Condition: During our testing of grant compliance, we noted internal controls around the eligibility and reporting areas of compliance had not been in place and documented during the year. Questioned costs: None noted. Context: Control processes around determining family eligibility for the affordability gap funding and review of reports submitted had not been determined and documented during the year. We noted no errors or noncompliance in our testing of the eligibility and reports. Cause: Internal control procedures either had not been implemented or were not documented. Effect: A lack of internal controls may lead to noncompliance or errors. Repeat Finding: Not a repeat finding. Recommendation: We recommend internal controls over eligibility determinations and performance reports be implemented and documented. Views of responsible officials: There is no disagreement with the audit finding.
U.S. Department of the Treasury 2019-001 Capital Magnet Fund - Significant Deficiency- Controls over Compliance Recommendation: We recommend internal controls over eligibility determinations and performance reports be implemented and documented. Explanation of disagreement with audit findings: There is no disagreement with the audit finding. Action taken in response to finding: Upon notification of the finding, TCHFH personnel met to discuss the compliance areas for our Capital Magnet Fund (CMF) funding and controls around them. While we satisfied the compliance requirement of the CMF award, we do recognize the documented controls around CMF family eligibility determination and performance reporting can be improved. While it was more efficient for the responsible employees to determine eligibility and submit program reports themselves, we recognize that a second approval can help ensure accuracy. We have responded by developing a better tracker for award compliance requirements that can be reviewed and approved by two knowledgeable employees for each grant award. We will assure this gets done and approved for every grant consistently, not just the CMF grant. Name(s) of the contact person responsible for the corrective action: Ryan Robinson. Planned completion date for corrective action plan: November 2019
FAC accepted this audit on November 26, 2018 — management decision was due May 26, 2019.
FAC accepted this audit on November 26, 2017 — management decision was due May 26, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on November 20, 2016 — management decision was due May 20, 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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