EIN: 363522463
UEI: XLCWKFEN8LN1
Audited by: DAUBY O'CONNOR & ZALESKI, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
View federal awards & risk assessment →
Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 28, 2022. 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 28, 2023 (1160 days ago).
What is a management decision? →FAC accepted this audit on January 4, 2022 — management decision was due July 4, 2022.
Statement of condition #2021-001 (Assistance Listing No. 14.155): The required deposit of $21,622, per the September 30, 2020 Computation of Surplus Cash, Distributions and Residual Receipts, was not deposited into the Residual Receipts Fund within 90 days of the fiscal year end. Criteria: Section 11 of the Regulatory Agreement requires Surplus Cash, as defined by HUD, to be deposited into a separate Residual Receipts Fund within 90 days of the fiscal year end. Effect: The Corporation was not in compliance with Section 11 of the Regulatory Agreement. Cause: Management did not make the required deposit to the Residual Receipts Fund within 90 days of fiscal year end based on the Computation of Surplus Cash, Distributions and Residual Receipts as of September 30, 2020. Recommendation: Management should monitor the Surplus Cash position and make required deposits to the Residual Receipts Fund within 90 days of fiscal year end. Completion date: February 16, 2021 Management's response: Agree. Management concurs with the finding and the auditor's recommendation. The required deposit of $21,622 was made to the Residual Receipts Fund on February 16, 2021. No further action is required and the finding is resolved.
Show full finding ▾Hide full finding ▴Statement of condition #2021-001 (Assistance Listing No. 14.155): The required deposit of $21,622, per the September 30, 2020 Computation of Surplus Cash, Distributions and Residual Receipts, was not deposited into the Residual Receipts Fund within 90 days of the fiscal year end. Criteria: Section 11 of the Regulatory Agreement requires Surplus Cash, as defined by HUD, to be deposited into a separate Residual Receipts Fund within 90 days of the fiscal year end. Effect: The Corporation was not in compliance with Section 11 of the Regulatory Agreement. Cause: Management did not make the required deposit to the Residual Receipts Fund within 90 days of fiscal year end based on the Computation of Surplus Cash, Distributions and Residual Receipts as of September 30, 2020. Recommendation: Management should monitor the Surplus Cash position and make required deposits to the Residual Receipts Fund within 90 days of fiscal year end. Completion date: February 16, 2021 Management's response: Agree. Management concurs with the finding and the auditor's recommendation. The required deposit of $21,622 was made to the Residual Receipts Fund on February 16, 2021. No further action is required and the finding is resolved.
Comments on the Finding and Each Recommendation: The required deposit of $21,622, per the September 30, 2020 Computation of Surplus Cash, Distributions and Residual Receipts, was not deposited into the Residual Receipts Fund within 90 days of the fiscal year end. Section 11 of the Regulatory Agreement requires Surplus Cash, as defined by HUD, to be deposited into a separate Residual Receipts Fund within 90 days of the fiscal year end. The Corporation was not in compliance with Section 11 of the Regulatory Agreement. Management should monitor the Surplus Cash position and make required deposits to the Residual Receipts Fund within 90 days of fiscal year end. Action(s) taken or Planned on the Finding: Management concurs with the finding and the auditor's recommendation. The required deposit of $21,622 was made to the Residual Receipts Fund on February 16, 2021. No further action is required and the finding is resolved.
2020-001
FAC accepted this audit on February 17, 2021 — management decision was due August 17, 2021.
CFDA title and number (federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, CFDA No. 14.155 (074- 11076 and 2014) Auditor non-compliance code: B - Failure to make required residual receipts deposit Finding resolution status: In Process Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal Agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $24,610 Statement of condition #2020-001 (CFDA No. 14.155): The required deposit of $24,610, per the September 30, 2019 Computation of Surplus Cash, Distributions and Residual Receipts, was not deposited into the Residual Receipts Fund within 90 days of the fiscal year end. Criteria: Section 11 of the Regulatory Agreement requires Surplus Cash, as defined by HUD, to be deposited into a separate Residual Receipts Fund within 90 days of the fiscal year end. Effect: The Corporation was not in compliance with Section 11 of the Regulatory Agreement. Cause: Management did not make the required deposit to the Residual Receipts Fund within 90 days of fiscal year end based on the Computation of Surplus Cash, Distributions and Residual Receipts as of September 30, 2019. Recommendation: Management should monitor the Surplus Cash position and make required deposits to the Residual Receipts Fund within 90 days of fiscal year end. Proposed completion date: February 28, 2021 Management's response: Agree. Management concurs with the finding and the auditor's recommendation and intends to deposit the $24,610 to the Residual Receipts Fund in 2021.
Show full finding ▾Hide full finding ▴CFDA title and number (federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, CFDA No. 14.155 (074- 11076 and 2014) Auditor non-compliance code: B - Failure to make required residual receipts deposit Finding resolution status: In Process Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal Agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $24,610 Statement of condition #2020-001 (CFDA No. 14.155): The required deposit of $24,610, per the September 30, 2019 Computation of Surplus Cash, Distributions and Residual Receipts, was not deposited into the Residual Receipts Fund within 90 days of the fiscal year end. Criteria: Section 11 of the Regulatory Agreement requires Surplus Cash, as defined by HUD, to be deposited into a separate Residual Receipts Fund within 90 days of the fiscal year end. Effect: The Corporation was not in compliance with Section 11 of the Regulatory Agreement. Cause: Management did not make the required deposit to the Residual Receipts Fund within 90 days of fiscal year end based on the Computation of Surplus Cash, Distributions and Residual Receipts as of September 30, 2019. Recommendation: Management should monitor the Surplus Cash position and make required deposits to the Residual Receipts Fund within 90 days of fiscal year end. Proposed completion date: February 28, 2021 Management's response: Agree. Management concurs with the finding and the auditor's recommendation and intends to deposit the $24,610 to the Residual Receipts Fund in 2021.
Finding 2020-001: Comments on the Finding and Each Recommendation: The required deposit of $24,610, per the September 30, 2019 Computation of Surplus Cash, Distributions and Residual Receipts, was not deposited into the Residual Receipts Fund within 90 days of the fiscal year end. Section 11 of the Regulatory Agreement requires Surplus Cash, as defined by HUD, to be deposited into a separate Residual Receipts Fund within 90 days of the fiscal year end. The Corporation was not in compliance with Section 11 of the Regulatory Agreement. Management intends to deposit the $24,610 to the Residual Receipts Fund in 2021. Management should monitor the Surplus Cash position and make required deposits to the Residual Receipts Fund within 90 days of fiscal year end. Action(s) taken or Planned on the Finding: Management intends to deposit the $24,610 to the Residual Receipts Fund in 2021.
CFDA title and number (federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, CFDA No. 14.155 (074- 11076 and 2014) Auditor non-compliance code: Z - other Finding resolution status: Resolved Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size is not applicable to the finding. Statistically valid sample: N/A Name of federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition #2020-002 (CFDA No. 14.155): The Corporation did not furnish HUD and the Lender with a complete annual financial report within ninety (90) days following the end of the fiscal year ended September 30, 2020. Criteria: Pursuant to Section 18 of the Regulatory Agreement, within ninety (90) days, or such period established in writing by HUD, following the end of each fiscal year, the Corporation shall furnish HUD and the Lender with a complete annual financial report, audited by a Certified Public Accountant, in accordance with the requirements established by HUD. Effect: The Corporation was not in compliance with the Regulatory Agreement. Cause: Due to administrative delays, the Corporation did not submit the audited financial statements to HUD within the ninety (90) day requirement. Recommendation: The annual financial statements should be issued in a timely manner pursuant to the time frame set forth by HUD. Completion Date: February 10, 2021 Management's Response: Agree. Management concurs with the finding and the auditor's recommendation. The audited financial statements have been submitted to HUD. No further action is required and the finding is resolved.
Show full finding ▾Hide full finding ▴CFDA title and number (federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, CFDA No. 14.155 (074- 11076 and 2014) Auditor non-compliance code: Z - other Finding resolution status: Resolved Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size is not applicable to the finding. Statistically valid sample: N/A Name of federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition #2020-002 (CFDA No. 14.155): The Corporation did not furnish HUD and the Lender with a complete annual financial report within ninety (90) days following the end of the fiscal year ended September 30, 2020. Criteria: Pursuant to Section 18 of the Regulatory Agreement, within ninety (90) days, or such period established in writing by HUD, following the end of each fiscal year, the Corporation shall furnish HUD and the Lender with a complete annual financial report, audited by a Certified Public Accountant, in accordance with the requirements established by HUD. Effect: The Corporation was not in compliance with the Regulatory Agreement. Cause: Due to administrative delays, the Corporation did not submit the audited financial statements to HUD within the ninety (90) day requirement. Recommendation: The annual financial statements should be issued in a timely manner pursuant to the time frame set forth by HUD. Completion Date: February 10, 2021 Management's Response: Agree. Management concurs with the finding and the auditor's recommendation. The audited financial statements have been submitted to HUD. No further action is required and the finding is resolved.
Finding 2020-002: Comments on the Finding and Each Recommendation: The Corporation did not furnish HUD and the Lender with a complete annual financial report within ninety (90) days following the end of the fiscal year ended September 30, 2020. Pursuant to Section 18 of the Regulatory Agreement, within ninety (90) days, or such period established in writing by HUD, following the end of each fiscal year, the Corporation shall furnish HUD and the Lender with a complete annual financial report, audited by a Certified Public Accountant, in accordance with the requirements established by HUD. The Corporation was not in compliance with the Regulatory Agreement. The annual financial statements should be issued in a timely manner pursuant to the time frame set forth by HUD. Action(s) taken or Planned on the Finding: The audited financial statements have been submitted to HUD. No further action is required and the finding is resolved.
FAC accepted this audit on January 30, 2020 — management decision was due July 30, 2020.
FAC accepted this audit on January 10, 2019 — management decision was due July 10, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
GSA_MIGRATION
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on July 17, 2018 — management decision was due January 17, 2019.
FAC accepted this audit on February 7, 2017 — management decision was due August 7, 2017.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴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.
Browse other Single Audit organizations in Nebraska →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and filing records.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.
