EIN: 383218138
UEI: R25MP7T1Y963
Audited by: PLANTE & MORAN, PLLC
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 December 30, 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 30, 2026 (61 days ago).
What is a management decision? →Finding Type: Immaterial noncompliance with major program requirements Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program 14.157 Supportive Housing for the Elderly Project Rental Assistance Contract and Capital Advance Finding Resolution Status In process Information on Universe and Population Size The Organization made 12 withdrawals from the replacement reserve account during the year ended June 30 , 2025. Sample Size Information A sample size of three replacement reserve withdrawals were tested for compliance. Identification of Repeat Finding and Finding Reference Number N/A Criteria The Organization should have HUD authorization for all withdrawals from the replacement reserve account prior to withdrawing funds, as required by the Regulatory Agreement. Statement of Condition Withdrawals totaling $8,603 were made from the replacement reserve without HUD authorization. Cause The Organization withdrew $8,603 from the replacement reserve account without obtaining prior approval from HUD. Effect or Potential Effect The unauthorized withdrawals caused the replacement reserve account to be underfunded at year end by $8,603. Auditor Noncompliance Code A Unauthorized withdrawals from replacement reserve account Reporting Views of Responsible Officials Management agrees with finding. Context The Organization is required to obtain HUD authorization prior to the withdrawal of funds from the replacement reserve account. Recommendation The Organization needs to make a deposit to correct underfunding of replacement reserve account in the amount $8,603. 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 Agree Completion Date N/A
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 14.157 Supportive Housing for the Elderly Project Rental Assistance Contract and Capital Advance Finding Resolution Status In process Information on Universe and Population Size The Organization made 12 withdrawals from the replacement reserve account during the year ended June 30 , 2025. Sample Size Information A sample size of three replacement reserve withdrawals were tested for compliance. Identification of Repeat Finding and Finding Reference Number N/A Criteria The Organization should have HUD authorization for all withdrawals from the replacement reserve account prior to withdrawing funds, as required by the Regulatory Agreement. Statement of Condition Withdrawals totaling $8,603 were made from the replacement reserve without HUD authorization. Cause The Organization withdrew $8,603 from the replacement reserve account without obtaining prior approval from HUD. Effect or Potential Effect The unauthorized withdrawals caused the replacement reserve account to be underfunded at year end by $8,603. Auditor Noncompliance Code A Unauthorized withdrawals from replacement reserve account Reporting Views of Responsible Officials Management agrees with finding. Context The Organization is required to obtain HUD authorization prior to the withdrawal of funds from the replacement reserve account. Recommendation The Organization needs to make a deposit to correct underfunding of replacement reserve account in the amount $8,603. 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 Agree Completion Date N/A
Finding Number: 2025-001 Condition: Withdrawals totaling $8,603 were made from the replacement reserve without HUD authorization. Planned Corrective Action: Management has acknowledged noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance. Management has deposited the underfunded amount of $8,603 to the replacement reserve account on September 3, 2025. Contact person responsible for corrective action: Tyler Luce Anticipated Completion Date: September 3, 2025
FAC accepted this audit on October 22, 2024 — management decision was due April 22, 2025.
FAC accepted this audit on March 10, 2024 — management decision was due September 10, 2024.
Finding Type: - Significant deficiency in internal control over compliance - Immaterial noncompliance with major program requirements - Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for the Elderly Project Rental Assistance Contract and Capital Advance (ALN #14.157) Finding Resolution Status - In progress Information on Universe and Population Size - Four withdrawals from replacement reserve Sample Size Information - 100 percent of withdrawals for HUD approval and 10 percent or a minimum of two replacement reserve withdrawals to test for proper expenditure of requested funds Identification of Repeat Finding and Finding Reference Number - N/A Criteria - The Organization should have internal controls in place to reconcile the replacement reserve account to ensure all withdrawals have HUD approval and all required monthly deposits or repayments of HUD approved loans are made as required by the Regulatory Agreement. Statement of Condition - There was a lack of timely reconciliation performed by the Organization to ensure all withdrawals from the replacement reserve account had proper HUD approval, all required monthly deposits were made, and HUD approved loans were repaid timely. The Organization received approval from HUD for a $30,848 loan advance to be repaid to the replacement reserve when the November voucher payment was received (November 18, 2022); however, the loan was not repaid until January 18, 2023. Cause - The Organization failed to perform a reconciliation of the reserve for replacement account in a timely manner. Effect or Potential Effect - The lack of reconciliation procedures led to the reserve for replacement account being underfunded by $30,848 during the current year until the loan was refunded on January 18, 2023. Auditor Noncompliance Code S Internal control deficiency and N Reserve for replacement deposits Reporting Views of Responsible Officials Management agrees with the finding as reported. Recommendation - The Organization should implement internal controls to properly reconcile the reserve for replacement account in a timely manner. Response Indicator - Agree Completion Date - January 18, 2023 Response - Management acknowledges the significant deficiency in internal control over compliance and has taken measures to improve internal control over compliance. Management also acknowledges that it did not repay the replacement reserve timely with voucher funds subsequently received, but it did repay the $30,848 advance to the replacement reserve account on January 18, 2023.
Show full finding ▾Hide full finding ▴Finding Type: - Significant deficiency in internal control over compliance - Immaterial noncompliance with major program requirements - Significant deficiency in internal control over compliance Title and Assistance Listing Number of Federal Program - Supportive Housing for the Elderly Project Rental Assistance Contract and Capital Advance (ALN #14.157) Finding Resolution Status - In progress Information on Universe and Population Size - Four withdrawals from replacement reserve Sample Size Information - 100 percent of withdrawals for HUD approval and 10 percent or a minimum of two replacement reserve withdrawals to test for proper expenditure of requested funds Identification of Repeat Finding and Finding Reference Number - N/A Criteria - The Organization should have internal controls in place to reconcile the replacement reserve account to ensure all withdrawals have HUD approval and all required monthly deposits or repayments of HUD approved loans are made as required by the Regulatory Agreement. Statement of Condition - There was a lack of timely reconciliation performed by the Organization to ensure all withdrawals from the replacement reserve account had proper HUD approval, all required monthly deposits were made, and HUD approved loans were repaid timely. The Organization received approval from HUD for a $30,848 loan advance to be repaid to the replacement reserve when the November voucher payment was received (November 18, 2022); however, the loan was not repaid until January 18, 2023. Cause - The Organization failed to perform a reconciliation of the reserve for replacement account in a timely manner. Effect or Potential Effect - The lack of reconciliation procedures led to the reserve for replacement account being underfunded by $30,848 during the current year until the loan was refunded on January 18, 2023. Auditor Noncompliance Code S Internal control deficiency and N Reserve for replacement deposits Reporting Views of Responsible Officials Management agrees with the finding as reported. Recommendation - The Organization should implement internal controls to properly reconcile the reserve for replacement account in a timely manner. Response Indicator - Agree Completion Date - January 18, 2023 Response - Management acknowledges the significant deficiency in internal control over compliance and has taken measures to improve internal control over compliance. Management also acknowledges that it did not repay the replacement reserve timely with voucher funds subsequently received, but it did repay the $30,848 advance to the replacement reserve account on January 18, 2023.
Condition: There was a lack of timely reconciliation performed withdrawals by the Organization to ensure all from the replacement reserve account had proper HUD deposits were approval, all required monthly made, and HUD-approved loans were repaid timely. The Organization from HUD for a $30,848 loan advance received approval to be repaid to the replacement reserve when the November voucher payment was received (November 18, 2022); however, the loan was not repaid until January 18, 2023 Planned Corrective Action: Management acknowledges the significant deficiency in internal control over compliance and has taken measures to improve internal acknowledges control over compliance. Management also that it did not repay the replacement reserve timely received, but with voucher funds subsequently it did repay the $30,848 advance to the replacement reserve account on January 18, 2023. Contact person responsible for corrective action: Bruce Blalock, Sr. VP of Finance and Obligated Group Operations Anticipated Completion Date: January 18, 2023
FAC accepted this audit on December 14, 2022 — management decision was due June 14, 2023.
FAC accepted this audit on September 28, 2021 — management decision was due March 28, 2022.
FAC accepted this audit on September 29, 2020 — management decision was due March 29, 2021.
FAC accepted this audit on September 29, 2019 — management decision was due March 29, 2020.
FAC accepted this audit on September 24, 2018 — management decision was due March 24, 2019.
FAC accepted this audit on September 22, 2017 — management decision was due March 22, 2018.
FAC accepted this audit on September 25, 2016 — management decision was due March 25, 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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