EIN: 383674142
UEI: ZRQZXN2WUJE3
Audited by: MADDOX & ASSOCIATES, APC
Oversight agency: 14 [Department of Housing and Urban Development]
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 9, 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 January 9, 2025 (596 days ago).
What is a management decision? →REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $1,389.
Show full finding ▾Hide full finding ▴REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $1,389.
MANAGEMENT AGREES WITH THE FINDING. THE REPLACEMENT RESERVE DEFICIENCY WILL BE FUNDED IN THE AMOUNT OF $1,389. MANAGEMENT WILL ENSURE THAT THE REPLACEMENT RESERVE DEPOSITS ARE MADE ON A TIMELY BASIS IN THE FUTURE.
FAC accepted this audit on April 8, 2020 — management decision was due October 8, 2020.
Surplus cash was not deposited into the Residual Receipts account. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The Residual Receipts account is deficient. Auditor Non-Compliance Code: B Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The residual receipts account deficiency was funded on February 17, 2020 in the amount of $3,978. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on February 17, 2020 in the amount of $3,978. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: February 17, 2020 Response: Management agrees with the finding. The residual receipts account deficiency was funded on February 17, 2020 in the amount of $3,978. Management will ensure that the residual receipts account is properly funded in the future.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2019-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: The regulatory agreement requires the project to deposit ?surplus cash? into a Residual Receipts account with 60 days after the end of the fiscal year. Statement of Condition: Surplus cash was not deposited into the Residual Receipts account. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The Residual Receipts account is deficient. Auditor Non-Compliance Code: B Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management agrees with the finding. The residual receipts account deficiency was funded on February 17, 2020 in the amount of $3,978. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on February 17, 2020 in the amount of $3,978. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: February 17, 2020 Response: Management agrees with the finding. The residual receipts account deficiency was funded on February 17, 2020 in the amount of $3,978. Management will ensure that the residual receipts account is properly funded in the future.
Finding Reference Number: 2019-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. The residual receipts account deficiency was funded on February 17, 2020 in the amount of $3,978. Management will ensure that the residual receipts account is properly funded in the future. Completion Date: February 17, 2020
FAC accepted this audit on April 1, 2018 — management decision was due October 1, 2018.
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