EIN: 363783910
UEI: ZSNFBK4AHF26
Audited by: PLANTE & MORAN, PLLC
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 19, 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 19, 2026 (71 days ago).
What is a management decision? →FAC accepted this audit on October 16, 2024 — management decision was due April 16, 2025.
Finding Type: -Immaterial noncompliance with major program requirements -Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for Persons with Disabilities (Section 811 Capital Advance and PRAC Subsidy) Finding Resolution Status - Resolved Information on Universe and Population Size - Withdraws made from the replacement reserve during the year ended June 30, 2024 Sample Size Information - N/A Identification of Repeat Finding and Finding Reference Number - N/A Criteria - The Corporation should have HUD authorization for all withdrawals from the replacement reserve account, as required by the Compliance Supplement. Statement of Condition - Withdrawals totaling $22,095 were made from the replacement reserve prior to HUD authorization. Cause - The Corporation withdrew $22,095 from the replacement reserve account without obtaining prior approval from HUD. Effect or Potential Effect - The unauthorized withdrawals could cause the replacement reserve account to be underfunded at year end. Auditor Noncompliance Code - A - Unauthorized withdrawals from replacement reserve account Reporting Views of Responsible Officials - Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance. Context - The Corporation withdrew a total of $44,190 from the replacement reserve account when only $22,095, representing the 50 percent deposit, was approved by HUD in advance of the withdrawal. The remaining $22,095 was withdrawn without obtaining approval from HUD in advance of the second withdrawal. Recommendation - The Corporation should only withdraw amounts from the replacement reserve that are preapproved by HUD. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management should obtain approval from HUD prior to withdrawing funds from the replacement reserve. Response Indicator - None Completion Date - August 8, 2024 Response - Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance.
Show full finding ▾Hide full finding ▴Finding Type: -Immaterial noncompliance with major program requirements -Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for Persons with Disabilities (Section 811 Capital Advance and PRAC Subsidy) Finding Resolution Status - Resolved Information on Universe and Population Size - Withdraws made from the replacement reserve during the year ended June 30, 2024 Sample Size Information - N/A Identification of Repeat Finding and Finding Reference Number - N/A Criteria - The Corporation should have HUD authorization for all withdrawals from the replacement reserve account, as required by the Compliance Supplement. Statement of Condition - Withdrawals totaling $22,095 were made from the replacement reserve prior to HUD authorization. Cause - The Corporation withdrew $22,095 from the replacement reserve account without obtaining prior approval from HUD. Effect or Potential Effect - The unauthorized withdrawals could cause the replacement reserve account to be underfunded at year end. Auditor Noncompliance Code - A - Unauthorized withdrawals from replacement reserve account Reporting Views of Responsible Officials - Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance. Context - The Corporation withdrew a total of $44,190 from the replacement reserve account when only $22,095, representing the 50 percent deposit, was approved by HUD in advance of the withdrawal. The remaining $22,095 was withdrawn without obtaining approval from HUD in advance of the second withdrawal. Recommendation - The Corporation should only withdraw amounts from the replacement reserve that are preapproved by HUD. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management should obtain approval from HUD prior to withdrawing funds from the replacement reserve. Response Indicator - None Completion Date - August 8, 2024 Response - Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance.
Finding Number: 2024-001 Condition: The Corporation withdrew a total of $44,190 from the replacement reserve account when only $22,095, representing the 50% deposit, was approved by HUD in advance of the withdrawal. The remaining $22,095 was withdrawn without obtaining approval from HUD in advance of the second withdrawal. Planned Corrective Action: Management should obtain approval from HUD via form 9250 prior to withdrawing funds from the replacement reserve. Management added an additional level of control by requiring all nonrecurring THI-8 spending be approved by Manager of Real Estate Accounting prior to contract approval. Such approval will alert the manager to seek replacement reserve approval, where applicable. Contact person responsible for corrective action: Shijo Joseph, Manager of Real Estate Accounting Anticipated Completion Date: August 4, 2024
FAC accepted this audit on February 15, 2024 — management decision was due August 15, 2024.
FAC accepted this audit on November 10, 2022 — management decision was due May 10, 2023.
FAC accepted this audit on September 28, 2021 — management decision was due March 28, 2022.
FAC accepted this audit on October 1, 2020 — management decision was due April 1, 2021.
FAC accepted this audit on October 3, 2019 — management decision was due April 3, 2020.
FAC accepted this audit on October 7, 2018 — management decision was due April 7, 2019.
FAC accepted this audit on September 27, 2017 — management decision was due March 27, 2018.
FAC accepted this audit on September 28, 2016 — management decision was due March 28, 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.
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.
