TARGET AREA DEVELOPMENT CORPORATIONNon-Profit

EIN: 364024688

UEI: PEVYD9AKEGX9

Audited by: BENFORD BROWN AND ASSOCIATES LLC

Oversight agency: 21 [Department of the Treasury]

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Data as of August 28, 2026

TARGET AREA DEVELOPMENT CORPORATION2 audit years1 findings
2
Audit Years
1
Total Findings
0
Repeat Findings
$3.2M
Federal Awards Expended (FY 2024)

FY 2024-12-31

MATERIAL NONCOMPLIANCE DISCLOSED$3,153,512 federal awards expended

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on December 24, 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 24, 2026 (66 days ago).

What is a management decision? →
2024-003
Activities Allowed or Unallowed
MATERIAL WEAKNESSOTHER MATTERS

TADC did not submit its audited financial statements and SEFA to the Federal Audit Clearinghouse website within nine (9) months of December 31, 2024. TADC also didn’t submit its audited financial statements, SEFA, CYEFR and other required information to the GATA portal within six (6) months after December 31, 2024.

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Full finding narrative

TADC did not submit its audited financial statements and SEFA to the Federal Audit Clearinghouse website within nine (9) months of December 31, 2024. TADC also didn’t submit its audited financial statements, SEFA, CYEFR and other required information to the GATA portal within six (6) months after December 31, 2024.

Corrective Action Plan

Management concurs with the auditor’s finding and will 1) hire personnel within the accounting and finance department so that all defined tasks can be performed in a more timely manner and 2) evaluate current processes to determine how to make them more efficient so that the current personnel within the accounting and finance department are able to complete their tasks in a more timely manner.

About Activities Allowed or Unallowed →

FY 2023-12-31

GOING CONCERNLOW-RISK AUDITEE$1,959,577 federal awards expendedNo findings recorded this year

FAC accepted this audit on July 30, 2025 — management decision was due January 30, 2026.

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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