EIN: 383554484
UEI: ML5EBAE9AXA1
Audited by: Maner Costerisan
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 12, 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 July 12, 2026 (51 days ago).
What is a management decision? →FAC accepted this audit on September 26, 2024 — management decision was due March 26, 2025.
Finding reference number: 2024-001 Assistance Listing (Federal award identification number and year): Section 202 Supportive Housing for the Elderly (Project identification number 044-EE057 and 2001) Auditor non-compliance code: N- Reserve for Replacements Deposits Finding resolution status: Outstanding Universe population size: The universal population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $14,357 Statement of condition 2024-001: At June 30, 2024, deposits to the reserve for replacements account of $14,357 had not been made. Criteria: Pursuant to the regulatory agreement, the Property is required to make monthly deposits to the reserve for replacements fund as required by HUD. At June 30, 2024, $14,357 of the required deposits had not been made. Effect: The Corporation is not in compliance with the regulatory agreement. The reserve for replacements is underfunded by $14,357 at June 30, 2024. Cause: The Corporation did not make the required deposits to the reserve for replacements in order to manage the Property's operating cash flow. Recommendation: Management should transfer $14,357 to the reserve for replacements. Management's response: Agree. Management will transfer $14,357 to the reserve for replacements once the Property has sufficient operating cash to make the required transfer.
Show full finding ▾Hide full finding ▴Finding reference number: 2024-001 Assistance Listing (Federal award identification number and year): Section 202 Supportive Housing for the Elderly (Project identification number 044-EE057 and 2001) Auditor non-compliance code: N- Reserve for Replacements Deposits Finding resolution status: Outstanding Universe population size: The universal population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $14,357 Statement of condition 2024-001: At June 30, 2024, deposits to the reserve for replacements account of $14,357 had not been made. Criteria: Pursuant to the regulatory agreement, the Property is required to make monthly deposits to the reserve for replacements fund as required by HUD. At June 30, 2024, $14,357 of the required deposits had not been made. Effect: The Corporation is not in compliance with the regulatory agreement. The reserve for replacements is underfunded by $14,357 at June 30, 2024. Cause: The Corporation did not make the required deposits to the reserve for replacements in order to manage the Property's operating cash flow. Recommendation: Management should transfer $14,357 to the reserve for replacements. Management's response: Agree. Management will transfer $14,357 to the reserve for replacements once the Property has sufficient operating cash to make the required transfer.
Finding 2024-001: At June 30, 2024, deposits to the reserve for replacements account of $14,357 had not been made. Recommendation: Management should transfer $14,357 to the reserve for replacements. Action(s) taken or planned on the finding: Agree. Management will transfer $14,357 to the reserve for replacements once the Property has sufficient operating cash to make the required transfer.
Finding reference number: 2024-002 Assistance Listing (Federal award identification number and year): Section 202 Supportive Housing for the Elderly (Project identification number 044-EE057 and 2001) Auditor non-compliance code: N- Unauthorized distribution of project assets Finding resolution status: Outstanding Universe population size: The universal population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $14,210 Statement of condition 2024-001: During the year ended June 30, 2024, the Corporation made additional principal payments on the note payable of $33,799, which was in excess of surplus cash calculated at June 30, 2023 by $14,210. Criteria: In accordance with HUD approval for the note payable, dated April 15, 2016, the Corporation may only make monthly payments of $3,627.34 and additional payments based on surplus cash calculated annually. Any unauthorized payments shall be returned to the Corporation. Effect: The Corporation is not in compliance with the HUD requirements. At June 30, 2024, the Property's operating account is underfunded by $14,210. This amount has been considered in the computation of surplus cash, distributions and residual receipts at June 30, 2024. Cause: Management inadvertently made payments on the note based on surplus cash calculated in prior years. Recommendation: AHEPA 371, Inc. should reimburse the Property's operating account in the amount of $14,210. Management's response: Agree. AHEPA 371, Inc. will reimburse the Property's operating account.
Show full finding ▾Hide full finding ▴Finding reference number: 2024-002 Assistance Listing (Federal award identification number and year): Section 202 Supportive Housing for the Elderly (Project identification number 044-EE057 and 2001) Auditor non-compliance code: N- Unauthorized distribution of project assets Finding resolution status: Outstanding Universe population size: The universal population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $14,210 Statement of condition 2024-001: During the year ended June 30, 2024, the Corporation made additional principal payments on the note payable of $33,799, which was in excess of surplus cash calculated at June 30, 2023 by $14,210. Criteria: In accordance with HUD approval for the note payable, dated April 15, 2016, the Corporation may only make monthly payments of $3,627.34 and additional payments based on surplus cash calculated annually. Any unauthorized payments shall be returned to the Corporation. Effect: The Corporation is not in compliance with the HUD requirements. At June 30, 2024, the Property's operating account is underfunded by $14,210. This amount has been considered in the computation of surplus cash, distributions and residual receipts at June 30, 2024. Cause: Management inadvertently made payments on the note based on surplus cash calculated in prior years. Recommendation: AHEPA 371, Inc. should reimburse the Property's operating account in the amount of $14,210. Management's response: Agree. AHEPA 371, Inc. will reimburse the Property's operating account.
Finding 2024-002: During the year ended June 30, 2024, the Corporation made additional principal payments on the note payable of $33,799, which was in excess of surplus cash calculated at June 30, 2023 by $14,210. Recommendation: AHEPA 371, Inc. should reimburse the Property's operating account in the amount of $14,210. Action(s) taken or planned on the finding: Agree. AHEPA 371, Inc. will reimburse the Property's operating account.
FAC accepted this audit on January 3, 2024 — management decision was due July 3, 2024.
Finding reference number: 2023-001 Assistance Listing (Federal award identification number and year): Section 202 Supportive Housing for the Elderly, (Project identification number 044-EE057 and 2001) Auditor non-compliance code: Z- Other Finding resolution status: Resolved Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition 2023-001: The Form SF-SAC single audit data collection form for the year ended June 30, 2022, was not submitted to the federal audit clearinghouse in the required timeframe. Criteria: Pursuant to the Uniform Guidance, the Corporation is required to submit form SF-SAC single audit data collection form within nine months after the end of the audit period. Effect: The Corporation is not in compliance with Uniform Guidance. Cause: Upon completion of the audit for the year ended June 30, 2022, the federal audit clearinghouse was not accepting form SF-SAC single audit data collection forms for the year ended June 30, 2022. The auditee certifier was unable to certify the form SF-SAC single audit data collection form within the required timeframe after the federal audit clearinghouse began accepting form SF-SAC single audit data collection forms for the year ended June 30, 2022. Recommendation: The Corporation should submit the form SF-SAC single audit data collection form for the year June 30, 2022, as soon as practical and submit all future form SF-SAC single audit data collection forms in the required timeframe. Completion date: April 25, 2023 Management's response: Agree. Form SF-SAC single audit data collection form for the year ended June 30, 2022, was submitted to the federal audit clearinghouse on April 25, 2023. No further action is required.
Show full finding ▾Hide full finding ▴Finding reference number: 2023-001 Assistance Listing (Federal award identification number and year): Section 202 Supportive Housing for the Elderly, (Project identification number 044-EE057 and 2001) Auditor non-compliance code: Z- Other Finding resolution status: Resolved Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition 2023-001: The Form SF-SAC single audit data collection form for the year ended June 30, 2022, was not submitted to the federal audit clearinghouse in the required timeframe. Criteria: Pursuant to the Uniform Guidance, the Corporation is required to submit form SF-SAC single audit data collection form within nine months after the end of the audit period. Effect: The Corporation is not in compliance with Uniform Guidance. Cause: Upon completion of the audit for the year ended June 30, 2022, the federal audit clearinghouse was not accepting form SF-SAC single audit data collection forms for the year ended June 30, 2022. The auditee certifier was unable to certify the form SF-SAC single audit data collection form within the required timeframe after the federal audit clearinghouse began accepting form SF-SAC single audit data collection forms for the year ended June 30, 2022. Recommendation: The Corporation should submit the form SF-SAC single audit data collection form for the year June 30, 2022, as soon as practical and submit all future form SF-SAC single audit data collection forms in the required timeframe. Completion date: April 25, 2023 Management's response: Agree. Form SF-SAC single audit data collection form for the year ended June 30, 2022, was submitted to the federal audit clearinghouse on April 25, 2023. No further action is required.
Statement of Condition 2023-001 (Assistance Listing No. 14.157): The form SF-SAC single audit data collection form for the year ended June 30, 2022 was not submitted to the federal audit clearinghouse in the required timeframe. Recommendation: The Corporation should submit the form SF-SAC single audit data collection form for the year June 30, 2022, as soon as practical and submit all future Form SF-SAC Single Audit Data Collection Forms in the required timeframe. Action(s) taken or planned on the finding: Agree. Form SF-SAC single audit data collection form for the year ended June 30, 2022, was submitted to the federal audit clearinghouse on April 25, 2023. No further action is required.
FAC accepted this audit on April 24, 2023 — management decision was due October 24, 2023.
FAC accepted this audit on October 12, 2021 — management decision was due April 12, 2022.
FAC accepted this audit on October 26, 2020 — management decision was due April 26, 2021.
Finding reference number: #2020-001 CFDA Title and a number (Federal award identification number and year): Supportive Housing for the Elderly, CFDA 14.157 (Project identification number 044-EE057) Auditor non-compliance code: N - Reserve for replacements deposits Finding resolution status: Resolved Universe population size: 12 monthly deposits to the reserve for replacements account fund. Sample size information: 12 monthly deposits to the reserve for replacements account fund. Noncompliance information: 10 delinquent reserve for replacements deposits. Statically valid sample: Yes Name of Federal Agency: U.S. Department of Housing and Urban Development Pass Through entity: N/A Questioned costs: $33,010 Statement of condition #2020-001: The Corporation did not make 10 of the monthly required reserve for replacements fund deposits during the year ended June 30, 2020. The reserve for replacements fund is underfunded by $33,010 as of June 30, 2020. Criteria: Pursuant to the Regulatory Agreement, the Corporation is required to make monthly deposits to the reserve for replacements fund as required by HUD. Effect or potential effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements fund is underfunded by $33,010 as of June 30, 2020. Cause: At the time of transition of management agents, the New Agent was unaware of the required deposit amount and did not make the required transfers to the reserve for replacements fund. Recommendation: The management agent should transfer funds of $33,010 from the operating account in order to fully fund the reserve for replacements fund. Completion date: August 31, 2020 Management Response: Agree. On August 31, 2020, management transferred $33,010 to the Corporation's reserve for replacements fund.
Show full finding ▾Hide full finding ▴Finding reference number: #2020-001 CFDA Title and a number (Federal award identification number and year): Supportive Housing for the Elderly, CFDA 14.157 (Project identification number 044-EE057) Auditor non-compliance code: N - Reserve for replacements deposits Finding resolution status: Resolved Universe population size: 12 monthly deposits to the reserve for replacements account fund. Sample size information: 12 monthly deposits to the reserve for replacements account fund. Noncompliance information: 10 delinquent reserve for replacements deposits. Statically valid sample: Yes Name of Federal Agency: U.S. Department of Housing and Urban Development Pass Through entity: N/A Questioned costs: $33,010 Statement of condition #2020-001: The Corporation did not make 10 of the monthly required reserve for replacements fund deposits during the year ended June 30, 2020. The reserve for replacements fund is underfunded by $33,010 as of June 30, 2020. Criteria: Pursuant to the Regulatory Agreement, the Corporation is required to make monthly deposits to the reserve for replacements fund as required by HUD. Effect or potential effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements fund is underfunded by $33,010 as of June 30, 2020. Cause: At the time of transition of management agents, the New Agent was unaware of the required deposit amount and did not make the required transfers to the reserve for replacements fund. Recommendation: The management agent should transfer funds of $33,010 from the operating account in order to fully fund the reserve for replacements fund. Completion date: August 31, 2020 Management Response: Agree. On August 31, 2020, management transferred $33,010 to the Corporation's reserve for replacements fund.
Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations Statement of Condition #2020-001 (CFDA 14.157): The Corporation did not make 10 of the monthly required reserve for replacements fund deposits during the year ended June 30, 2020. The reserve for replacements fund is underfunded by $33,010 as of June 30, 2020. Recommendation: The management agent should transfer funds of $33,010 from the operating account in order to fully fund the reserve for replacements fund. Action(s) taken or planned on the finding: On August 31, 2020, management transferred $33,010 to the Corporation's reserve for replacements fund.
FAC accepted this audit on October 9, 2019 — management decision was due April 9, 2020.
FAC accepted this audit on September 30, 2018 — management decision was due March 30, 2019.
FAC accepted this audit on October 4, 2017 — management decision was due April 4, 2018.
FAC accepted this audit on October 23, 2016 — management decision was due April 23, 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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