EIN: 382325566
UEI: LE48F7C4T5N3
Audited by: ManerCosterisan
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 1, 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 January 1, 2027 (116 days from today).
What is a management decision? →The Organization maintained adequate internal controls, however, the controls were circumvented by individuals employed by the management agent. Questioned costs: $45,969 Cause: Organization had collusion take place forgoing formal policies addressing segregation of duties and conflict-of-interest safeguards. Effect: Project funds were exposed to an increased risk of fraud and collusion. Recommendation: The entity should design and implement stronger internal controls over project funds, including enhanced segregation of duties, documented procurement procedures, conflict-of-interest monitoring, and periodic independent review of project expenditures to ensure compliance with Uniform Guidance. Management Comments: We agree with the facts and circumstances of this finding and will be reviewing and enhancing current internal controls that are in place. Auditor Noncompliance Code: Z -Other
Show full finding ▾Hide full finding ▴Finding 2025-001- Considered a material weakness in internal control and program non-compliance. Federal Program: Section 223(f) Direct Loan ALN #: 14.155 Federal agency: U.S. Department of Housing and Urban Development (HUD) Criteria: Organization management is responsible for ensuring proper controls are followed and in place around the use of project funds. Condition: The Organization maintained adequate internal controls, however, the controls were circumvented by individuals employed by the management agent. Questioned costs: $45,969 Cause: Organization had collusion take place forgoing formal policies addressing segregation of duties and conflict-of-interest safeguards. Effect: Project funds were exposed to an increased risk of fraud and collusion. Recommendation: The entity should design and implement stronger internal controls over project funds, including enhanced segregation of duties, documented procurement procedures, conflict-of-interest monitoring, and periodic independent review of project expenditures to ensure compliance with Uniform Guidance. Management Comments: We agree with the facts and circumstances of this finding and will be reviewing and enhancing current internal controls that are in place. Auditor Noncompliance Code: Z -Other
Tyler Luce, Executive Vice President & CFO, respectfully submits the following corrective action plan for the year ended September 30, 2025. Name and address of independent public accounting firm: Maner Costerisan, P.C. 2425 E. Grand River Ave, Ste 1 Lansing, MI 48912 Audit period: October 1, 2024 – September 30, 2025 The findings from the September 30, 2025 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Finding 2025-001 Recommendation: The entity should design and implement stronger internal controls over project funds, including enhanced segregation of duties, documented procurement procedures, conflict-of-interest monitoring, and periodic independent review of project expenditures to ensure compliance with Uniform Guidance. Management Comments: We agree with the facts and circumstances of this finding. Management has taken corrective action in response to this finding. The employees involved are no longer employed in connection with the project, and the matter was reported to the HUD Office of Inspector General. Management has reviewed and strengthened the project's controls over conflict-of-interest monitoring and enforcement of existing time-clock policies. In addition, we have and will continue to perform independent reviews of project expenditures to ensure compliance with Uniform Guidance.
FAC accepted this audit on August 11, 2025 — management decision was due February 11, 2026.
FAC accepted this audit on January 9, 2023 — management decision was due July 9, 2023.
FAC accepted this audit on January 6, 2020 — management decision was due July 6, 2020.
FAC accepted this audit on January 1, 2019 — management decision was due July 1, 2019.
FAC accepted this audit on December 25, 2017 — management decision was due June 25, 2018.
FAC accepted this audit on April 16, 2017 — management decision was due October 16, 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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