Hearthstone Housing, Ltd.

EIN: 391694895

UEI: UAZ8BM9KFRJ1

Data as of August 26, 2026

Hearthstone Housing, Ltd.10 audit years5 findings
10
Audit Years
5
Total Findings
0
Repeat Findings

FY 2020-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 22, 2021. 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 October 22, 2021 (1770 days ago).

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2020-001
Eligibility

Agency: U.S. Department of Housing and Urban Development CFDA Number: 14.181 (includes $570 of COVID-19 funding) Program: Supportive Housing for Persons with Disabilities Statement of condition: We identified one new tenant that the Enterprise Income Verification (EIV) income report was not obtained within 90 days of move-in. Criteria: As stated in the HUD Multifamily Occupancy Handbook, HUD requires that the Project obtain and retain the EIV income report within 90 days of move-in. Questioned costs: No questioned costs were identified. Context: We tested 1 of 5 new tenants. Cause: Management has indicated that employee turnover led to the reports not being ran in the required time frame. Effect: The Project was not in compliance with HUD requirements surrounding tenant eligibility. Recommendation: We recommend management review their current documented processes and controls surrounding EIV income reports to ensure sufficient documentation is available supporting their compliance with HUD requirements. Management's Response: Management agrees with the finding. The Compliance Manager will review the internal controls surrounding compliance and provide company-wide training.

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Full finding narrative

Agency: U.S. Department of Housing and Urban Development CFDA Number: 14.181 (includes $570 of COVID-19 funding) Program: Supportive Housing for Persons with Disabilities Statement of condition: We identified one new tenant that the Enterprise Income Verification (EIV) income report was not obtained within 90 days of move-in. Criteria: As stated in the HUD Multifamily Occupancy Handbook, HUD requires that the Project obtain and retain the EIV income report within 90 days of move-in. Questioned costs: No questioned costs were identified. Context: We tested 1 of 5 new tenants. Cause: Management has indicated that employee turnover led to the reports not being ran in the required time frame. Effect: The Project was not in compliance with HUD requirements surrounding tenant eligibility. Recommendation: We recommend management review their current documented processes and controls surrounding EIV income reports to ensure sufficient documentation is available supporting their compliance with HUD requirements. Management's Response: Management agrees with the finding. The Compliance Manager will review the internal controls surrounding compliance and provide company-wide training.

Corrective Action Plan

Finding: We identified one new tenant that the Enterprise Income Verification (EIV) income report was not obtained within 90 days of move-in. Corrective Response: Management agrees with the finding. The Compliance Manager will review the internal controls surrounding compliance and provide company-wide training. Anticipated Completion Date 3/31/2021 Responsible Contact Person Compliance Manager

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FY 2018-12-31

FAC accepted this audit on April 9, 2019 — management decision was due October 9, 2019.

2018-001
Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2018-002
Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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FY 2016-12-31

FAC accepted this audit on April 18, 2017 — management decision was due October 18, 2017.

2016-001
Eligibility

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2016-002
Eligibility

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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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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