EIN: 364083056
UEI: JPCBSLG8R7M5
Audited by: Wieland Wallace Inc.
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 24, 2026. 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 October 24, 2026 (56 days from today).
What is a management decision? →FAC accepted this audit on July 30, 2025 — management decision was due January 30, 2026.
FAC accepted this audit on August 1, 2024 — management decision was due February 1, 2025.
EIV reports were being run as mandated although proper reconciliation between tenant declared income and the EIV reports were not being conducted for all tenants. This resulted in incorrect calculation of subsidies and over collection by Council. Cause: Management oversight Effect or Potential Effect: Noncompliance and over-collection of subsidies Auditor Noncompliance Code: E – Eligibility Questioned Costs: $59,671 of subsidies were returned to HUD Reporting Views of Responsible Officials: Management has implemented proper internal controls to ensure compliance with EIV requirements. Recommendation: Management should use EIV system in its entirety to verify tenant employment and income during recertifications and calculate subsidy payments correctly. Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations: Management agrees with the finding. Management has implemented proper internal controls to assure the EIV reports are used properly. Response Indicator: Agree Completion Date: 7/31/2023 Response: Management has implemented proper internal controls to ensure compliance with EIV requirements.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2023-01 Federal Program: Sec 8 14.195 Type of Finding: Federal Award Finding Finding Resolution Status: Resolved Criteria: Tenant income is to be reconciled to Enterprise Income Verification system (EIV) Statement of Condition: EIV reports were being run as mandated although proper reconciliation between tenant declared income and the EIV reports were not being conducted for all tenants. This resulted in incorrect calculation of subsidies and over collection by Council. Cause: Management oversight Effect or Potential Effect: Noncompliance and over-collection of subsidies Auditor Noncompliance Code: E – Eligibility Questioned Costs: $59,671 of subsidies were returned to HUD Reporting Views of Responsible Officials: Management has implemented proper internal controls to ensure compliance with EIV requirements. Recommendation: Management should use EIV system in its entirety to verify tenant employment and income during recertifications and calculate subsidy payments correctly. Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations: Management agrees with the finding. Management has implemented proper internal controls to assure the EIV reports are used properly. Response Indicator: Agree Completion Date: 7/31/2023 Response: Management has implemented proper internal controls to ensure compliance with EIV requirements.
Finding No. 2023-01: Tenant income is to be reconciled to reports run by the Enterprise Income Verification system (EIV) Recommendation: Management should use the EIV system properly to verify tenant employment and income during recertifications and calculate subsidy payments correctly. Action Taken or Planned: Management is conducting proper reconciliation between EIV system and tenant declared income at recertification. Responsible Person: James Watt, Senior Vice President, Management Company Completion Date: January 1, 2024
FAC accepted this audit on August 1, 2023 — management decision was due February 1, 2024.
Surplus cash of $96,561 reported at 12/31/21 was not deposited into a residual receipts account during 2022 Cause: Management was seeking a waiver from HUD and cash was not available to make required deposit. This is a repeat finding see 2021-01. Effect or Potential Effect: Noncompliance and under-funding of residual receipts account. Auditor Noncompliance Code: B ? Failure to make required residual receipts deposits Questioned Costs: $96,561 Reporting Views of Responsible Officials: Management requested HUD to waive the requirement due to significant current year cash requirements. Recommendation: Management should deposit the amount or obtain HUD's approval for a waiver. Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations: HUD's approval was sought for the waiver but an answer was not obtained. Response Indicator: Agree Completion Date: 7/31/2023 Response: HUD's approval was sought for the waiver but an answer was not obtained. Management will seek a waiver for deposits and follow the directives it receives from the HUD Account Executive.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2022-01 Federal Programs: Section 221(d)(4) 14.135 and Sec 8 14.195 Type of Finding: Federal Award Finding Finding Resolution Status: Unresolved Criteria: Surplus cash is to be deposited into a separate residual receipts account Statement of Condition: Surplus cash of $96,561 reported at 12/31/21 was not deposited into a residual receipts account during 2022 Cause: Management was seeking a waiver from HUD and cash was not available to make required deposit. This is a repeat finding see 2021-01. Effect or Potential Effect: Noncompliance and under-funding of residual receipts account. Auditor Noncompliance Code: B ? Failure to make required residual receipts deposits Questioned Costs: $96,561 Reporting Views of Responsible Officials: Management requested HUD to waive the requirement due to significant current year cash requirements. Recommendation: Management should deposit the amount or obtain HUD's approval for a waiver. Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations: HUD's approval was sought for the waiver but an answer was not obtained. Response Indicator: Agree Completion Date: 7/31/2023 Response: HUD's approval was sought for the waiver but an answer was not obtained. Management will seek a waiver for deposits and follow the directives it receives from the HUD Account Executive.
CORRECTIVE ACTION PLAN Finding No. 2022-01: Surplus Cash existing at December 31, 2021 was not deposited into a separate residual receipts account. Recommendation: Management should deposit the amount or request HUD's approval for a waiver. Action Taken or Planned: Due to pending cash requirements, we requested HUD's approval to waive the deposit requirement, however an answer was not obtained. We will again seek w waiver for the current year and, if not approved, we will follow the HUD Account Executive?s instructions on how to resolve the matter. Responsible Person: James Watt, Senior Vice President, Management Company Completion Date: July 31, 2023
2021-001
FAC accepted this audit on August 2, 2022 — management decision was due February 2, 2023.
Surplus cash of $298,258 reported at 12/31/20 was not deposited into a residual receipts account during 2021. Cause: Management was seeking a waiver from HUD Effect or Potential Effect: Noncompliance and under-funding of residual receipts account. Auditor Noncompliance Code: B ? Failure to make required residual receipts deposits Questioned Costs: $298,258 Reporting Views of Responsible Officials: Management requested HUD to waive the requirement due to significant current year cash requirements. Recommendation: Management should deposit the amount or obtain HUD's approval for a waiver. Surplus cash at 12/31/21 is $96,561, so this amount should be deposited and/or discussed with HUD as well. Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations: HUD's approval was sought for the waiver but an answer was not obtained. Response Indicator: Agree Completion Date: 7/31/2022 Response: HUD's approval was sought for the waiver but an answer was not obtained. Management will seek a waiver for deposits and follow the directives it receives from the HUD Account Executive.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2021-01 Federal Programs: Section 221(d)(4) 14.135 and Sec 8 14.195 Type of Finding: Federal Award Finding Finding Resolution Status: Unresolved Criteria: Surplus cash is to be deposited into a separate residual receipts account Statement of Condition: Surplus cash of $298,258 reported at 12/31/20 was not deposited into a residual receipts account during 2021. Cause: Management was seeking a waiver from HUD Effect or Potential Effect: Noncompliance and under-funding of residual receipts account. Auditor Noncompliance Code: B ? Failure to make required residual receipts deposits Questioned Costs: $298,258 Reporting Views of Responsible Officials: Management requested HUD to waive the requirement due to significant current year cash requirements. Recommendation: Management should deposit the amount or obtain HUD's approval for a waiver. Surplus cash at 12/31/21 is $96,561, so this amount should be deposited and/or discussed with HUD as well. Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations: HUD's approval was sought for the waiver but an answer was not obtained. Response Indicator: Agree Completion Date: 7/31/2022 Response: HUD's approval was sought for the waiver but an answer was not obtained. Management will seek a waiver for deposits and follow the directives it receives from the HUD Account Executive.
Finding No. 2021-01: Surplus Cash existing at December 31, 2020 was not deposited into a separate residual receipts account. Recommendation: Management should deposit the amount or request HUD's approval for a waiver. Surplus cash at 12/31/21 is $96,561, so this amount should be deposited and/or discussed with HUD as well. Action Taken: HUD's approval was sought for the waiver but an answer was not obtained. Management will seek a waiver for deposits and follow the directives it receives from the HUD Account Executive. Responsible Person: James Watt, Senior Vice President Completion Date : July 31, 2022
FAC accepted this audit on November 2, 2021 — management decision was due May 2, 2022.
FAC accepted this audit on December 3, 2020 — management decision was due June 3, 2021.
FAC accepted this audit on June 20, 2019 — management decision was due December 20, 2019.
FAC accepted this audit on September 25, 2018 — management decision was due March 25, 2019.
FAC accepted this audit on September 27, 2017 — management decision was due March 27, 2018.
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