EIN: 383276170
UEI: VB56KAK41G15
Data as of August 19, 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, which was (51 days ago).
What is a management decision? →Finding Type: - Significant deficiency in internal control over financial reporting - 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 - None Information on Universe and Population Size - Expenditures charged to the Organization during the year ended June 30, 2025 Sample Size Information - A sample size of 25 cash disbursements were tested. Identification of Repeat Finding and Finding Reference Number - N/A Criteria - The regulatory agreement with HUD requires that the Organization's cash should only be used to for pay for the Organization's expenses. Statement of Condition - The Organization paid for and expensed an invoice for professional service fees incurred by another project. Cause - The Organization failed to properly charge professional services invoices to the proper project. Effect or Potential Effect - The Organization recognized $7,550 of professional fees related to another project during the year ended June 30, 2025. Auditor Noncompliance Code - H - Unauthorized distribution of project assets Recommendation - The Organization should implement internal controls to ensure the invoice approval process is adequate for professional fees to ensure expenses are charged to the project that incurred the cost. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - The Organization should implement internal controls to ensure expenditures recorded and paid by the Organization are in the name of the Organization. Response Indicator - Agree Completion Date - June 30, 2025 Response - Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls to ensure the invoice approval process is adequate for professional fees to ensure expenses are charged to the project that incurred the cost.
Finding Number: 2025-001 Condition: The Organization accrued for and expensed an invoice for professional service fees incurred by another project. Planned Corrective Action: Management has acknowledged noncompliance in the current fiscal year and has taken measures to improve internal controls to ensure the invoice approval process is adequate for professional fees to ensure expenses are charged to the project that incurred the cost. Contact person responsible for corrective action: Tyler Luce Anticipated Completion Date: June 30, 2025
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 10, 2024. 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 September 10, 2024, which was (709 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 - 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 - There was one withdrawal made from the replacement reserve during the year ended June 30, 2023. 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 accounts on a timely basis to ensure all withdrawals are approved by HUD and all required monthly deposits 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 $35,000 loan advance to be repaid to the replacement reserve when unpaid voucher payments were received (October 31, 2022); however, the loan was not repaid until December 13, 2022. 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 during the current year until the loan was refunded on December 13, 2022. 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 - December 13, 2022 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 $35,000 advance to the replacement reserve account on December 13, 2022.
Finding Number: 2023-002 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 $35,000 loan advance to be repaid to the replacement reserve when unpaid voucher payments were received (October 31, 2022); however, the loan was not repaid until December 13, 2022. Planned Corrective Action: 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 $35,000 advance to the replacement reserve account on December 13, 2022. Contact person responsible for corrective action: Bruce Blalock, Sr. VP of Finance and Obligated Group Operations Anticipated Completion Date: December 13, 2022
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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