EIN: 391780021
UEI: E8BEAFFYQMB8
Audited by: Wipfli LLP
Oversight agency: 14 [Department of Housing and Urban Development]
View federal awards & risk assessment →
Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 31, 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 October 1, 2026 (24 days from today).
What is a management decision? →FAC accepted this audit on October 30, 2024 — management decision was due April 30, 2025.
FAC accepted this audit on November 1, 2023 — management decision was due May 1, 2024.
FAC accepted this audit on October 30, 2022 — management decision was due April 30, 2023.
FAC accepted this audit on September 22, 2021 — management decision was due March 22, 2022.
Statement of Condition - Tenant file records are critical pieces of source documentation used as evidence to support determinations and conclusions in all areas of occupancy. Tenant file records must be complete and contain all information and forms relevant to occupancy at the property. Management was missing several pieces of required documentation in one tenant file selected for testing. Criteria - Government Auditing Standards considers the missing tenant file documentation and improper record-keeping to be an internal control over compliance deficiency. Effects (or Possible Effects) of the Condition - As a result of not having proper record-keeping, potential for inappropriate determination of tenant occupancy. Testing - Wipfli noted a population of 69 tenant files, including current year move-ins and move-outs and tested six of the files. Recommendation - Wipfli recommends that all tenant files contain the relevant source documentation and information required to determine tenant occupancy and rent recertification.
Show full finding ▾Hide full finding ▴Statement of Condition - Tenant file records are critical pieces of source documentation used as evidence to support determinations and conclusions in all areas of occupancy. Tenant file records must be complete and contain all information and forms relevant to occupancy at the property. Management was missing several pieces of required documentation in one tenant file selected for testing. Criteria - Government Auditing Standards considers the missing tenant file documentation and improper record-keeping to be an internal control over compliance deficiency. Effects (or Possible Effects) of the Condition - As a result of not having proper record-keeping, potential for inappropriate determination of tenant occupancy. Testing - Wipfli noted a population of 69 tenant files, including current year move-ins and move-outs and tested six of the files. Recommendation - Wipfli recommends that all tenant files contain the relevant source documentation and information required to determine tenant occupancy and rent recertification.
Response to Finding - Management acknowledges the error and will ensure diligence going forward with retaining proper information in tenant files.
FAC accepted this audit on October 7, 2020 — management decision was due April 7, 2021.
Finding No. 2020-002 ? Internal Control over Compliance Statement of Condition - Hadley Terrace, Inc. obtained a bid to repair and reconstruct the parking lot for $130,450. The bid outlined proposed contract costs and vendors used for the project and was approved by HUD via formal letter. Project costs were paid by the Corporation and were to be reimbursed by the replacement reserve funds upon completion and submission of invoices, payment support, and lien waivers to HUD for final approval. Wipfli noted that a Form-9250 containing HUD approval to draw funds from the replacement reserve was not obtained for $130,450 of draws made during the year under audit. Criteria - Per the regulatory agreement, disbursements from the replacement reserve, whether for the purpose of effecting replacement of structural elements and mechanical equipment of the project for other purpose, may be made only after the consent in writing from HUD. Effects (or Possible Effects) of the Condition - As a result of not having approval from HUD for withdrawal from the replacement fund, it is possible that inappropriate withdrawals from the replacement reserve were made. Recommendation - Wipfli recommends that all withdrawals from the replacement reserve be approved by HUD on the Form-9250 along with proper support.
Show full finding ▾Hide full finding ▴Finding No. 2020-002 ? Internal Control over Compliance Statement of Condition - Hadley Terrace, Inc. obtained a bid to repair and reconstruct the parking lot for $130,450. The bid outlined proposed contract costs and vendors used for the project and was approved by HUD via formal letter. Project costs were paid by the Corporation and were to be reimbursed by the replacement reserve funds upon completion and submission of invoices, payment support, and lien waivers to HUD for final approval. Wipfli noted that a Form-9250 containing HUD approval to draw funds from the replacement reserve was not obtained for $130,450 of draws made during the year under audit. Criteria - Per the regulatory agreement, disbursements from the replacement reserve, whether for the purpose of effecting replacement of structural elements and mechanical equipment of the project for other purpose, may be made only after the consent in writing from HUD. Effects (or Possible Effects) of the Condition - As a result of not having approval from HUD for withdrawal from the replacement fund, it is possible that inappropriate withdrawals from the replacement reserve were made. Recommendation - Wipfli recommends that all withdrawals from the replacement reserve be approved by HUD on the Form-9250 along with proper support.
Response to Finding - Management accepts the findings and will submit to HUD the Form-9250 and related documentation on unsupported replacement reserve draws for services rendered on the parking lot in accordance with the approved bid.
FAC accepted this audit on October 17, 2019 — management decision was due April 17, 2020.
FAC accepted this audit on October 21, 2018 — management decision was due April 21, 2019.
FAC accepted this audit on September 20, 2017 — management decision was due March 20, 2018.
FAC accepted this audit on October 10, 2016 — management decision was due April 10, 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.
Browse other Single Audit organizations in Wisconsin →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Add it to a monitored group and get alerted when a new audit, finding, repeat finding, or management-decision deadline shows up — instead of checking back.
Checking several at once? Portfolio view →
© 2026 Single Audit Intelligence. All data is public domain.
