EIN: 371322505
UEI: VPAYB4MP5AH7
Audited by: Gray Hunter Stenn LLP
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 September 29, 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 March 29, 2026 (154 days ago).
What is a management decision? →Finding 2025-001 – Late Deposits to Replacement Reserve and Paint Reserve Condition The Organization failed to make the required monthly deposits of $3,005 into its replacement reserve account for the months of July 2024 through June 2025. The Organization also failed to make the required monthly deposits of $375 into its paint reserve account for the months of March 2024 through June 2025. The Organization also had prior year deposits that were delinquent and are still outstanding. Criteria The Organization is required by HUD (HUD Handbook 4350.1) to deposit $3,005 per month into a federally insured account for future replacement needs. The Organization is also required by HUD (HUD Handbook 4350.1) to deposit $375 per month into a federally insured account for future painting needs. Cause The Organization has not established a procedure that ensures that the deposits are made on a monthly basis. Effect The required deposits were not made. Recommendation The Organization should develop procedures which will ensure those deposits are made in a timely manner. Also, the Organization should be reviewing the financial statements periodically. Federal Agency Program: All federal programs are affected. Questioned costs: None
Show full finding ▾Hide full finding ▴Finding 2025-001 – Late Deposits to Replacement Reserve and Paint Reserve Condition The Organization failed to make the required monthly deposits of $3,005 into its replacement reserve account for the months of July 2024 through June 2025. The Organization also failed to make the required monthly deposits of $375 into its paint reserve account for the months of March 2024 through June 2025. The Organization also had prior year deposits that were delinquent and are still outstanding. Criteria The Organization is required by HUD (HUD Handbook 4350.1) to deposit $3,005 per month into a federally insured account for future replacement needs. The Organization is also required by HUD (HUD Handbook 4350.1) to deposit $375 per month into a federally insured account for future painting needs. Cause The Organization has not established a procedure that ensures that the deposits are made on a monthly basis. Effect The required deposits were not made. Recommendation The Organization should develop procedures which will ensure those deposits are made in a timely manner. Also, the Organization should be reviewing the financial statements periodically. Federal Agency Program: All federal programs are affected. Questioned costs: None
Corrective Action Plan Delinquent replacement reserve deposits of $26,385 for fiscal years 2024-2025 were made on August 8, 2025. The remaining replacement reserve and paint reserve deposits will be made as soon as funds are available. Also, a recurring payable will be created to ensure future deposits are made timely. Anticipated Completion Date June 30, 2026 Responsible Parties Dane Jansen, Financial Director 700 S. E. Cross Mt. Sterling, IL 62353 (217) 773-3325
FAC accepted this audit on October 2, 2024 — management decision was due April 2, 2025.
FAC accepted this audit on December 29, 2023 — management decision was due June 29, 2024.
FAC accepted this audit on January 11, 2023 — management decision was due July 11, 2023.
FAC accepted this audit on March 29, 2022 — management decision was due September 29, 2022.
FAC accepted this audit on November 9, 2020 — management decision was due May 9, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on February 20, 2019 — management decision was due August 20, 2019.
FAC accepted this audit on November 29, 2017 — management decision was due May 29, 2018.
FAC accepted this audit on November 29, 2016 — management decision was due May 29, 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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