EIN: 391888324
UEI: NBDJKRUQB9A5
Audited by: Dauby O'Connor & Zaleski, LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 14, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 10, 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 10, 2026 (97 days ago).
What is a management decision? →FAC accepted this audit on October 25, 2024 — management decision was due April 25, 2025.
Finding reference number: #2024-001 Assistance Listing title and number (Federal award identification number): Supportive Housing for the Elderly, Assistance Listing 14.157 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. Noncompliance information: See statement of condition 2024-001 for noncompliance. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition # 2024-001: For the year ended June 30, 2023, the Corporation did not submit audited financial statements to the Federal Audit Clearinghouse within nine months after the fiscal period end date on March 31, 2024. The audited financial statements were submitted to the Federal Audit Clearinghouse on April 12, 2024. Criteria: Pursuant to 2 CFR 200.512(a), the Corporation is required to electronically submit audited financial statements to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Effect: The Corporation is not in compliance with the federal reporting requirements. Cause: Management oversight. Recommendation: The Corporation should submit audited financial statements to the Federal Audit Clearinghouse within the time frames required. Completion date: April 12, 2024 Management Response: Management concurs with the finding and agrees with the auditor's recommendation. The audited financial statements have been submitted to the Federal Audit Clearinghouse. No further action required.
Show full finding ▾Hide full finding ▴Finding reference number: #2024-001 Assistance Listing title and number (Federal award identification number): Supportive Housing for the Elderly, Assistance Listing 14.157 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. Noncompliance information: See statement of condition 2024-001 for noncompliance. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition # 2024-001: For the year ended June 30, 2023, the Corporation did not submit audited financial statements to the Federal Audit Clearinghouse within nine months after the fiscal period end date on March 31, 2024. The audited financial statements were submitted to the Federal Audit Clearinghouse on April 12, 2024. Criteria: Pursuant to 2 CFR 200.512(a), the Corporation is required to electronically submit audited financial statements to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Effect: The Corporation is not in compliance with the federal reporting requirements. Cause: Management oversight. Recommendation: The Corporation should submit audited financial statements to the Federal Audit Clearinghouse within the time frames required. Completion date: April 12, 2024 Management Response: Management concurs with the finding and agrees with the auditor's recommendation. The audited financial statements have been submitted to the Federal Audit Clearinghouse. No further action required.
Name of auditee: Fairmount Park Senior Housing, Inc. HUD auditee identification number: 074-EE030-WAH Name of audit firm: Dauby O'Connor & Zaleski, LLC Period covered by the audit: Year ended June 30, 2024 CAP prepared by Name: Eric Lynner Position: President Telephone number: 515-243-8300 Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations Statement of condition # 2024-001: For the year ended June 30, 2023, the Corporation did not submit audited financial statements to the Federal Audit Clearinghouse within nine months after the fiscal period end date on March 31, 2024. The audited financial statements were submitted to the Federal Audit Clearinghouse on April 12, 2024. Recommendation: The Corporation should submit audited financial statements to the Federal Audit Clearinghouse within the time frames required. Action(s) taken or planned on the finding: The audited financial statements were submitted to the Federal Audit Clearinghouse on April 12, 2024.
FAC accepted this audit on April 12, 2024 — management decision was due October 12, 2024.
FAC accepted this audit on October 18, 2022 — management decision was due April 18, 2023.
Finding reference number: #2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157, 1997 Auditor non-compliance code: J - Unauthorized management fees 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: $2,179 Statement of condition # 2022-001: For the year ended June 30, 2022, management fees were overpaid by $2,179. Criteria: In accordance with the PRAC and Regulatory Agreement, management fees collected should be in accordance with HUD Form 3839-B Project Owner's & Management Agent Certification. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement and the Property's operating cash account is underfunded by $2,179. Cause: The management agent did not cap the management fees at $45 per unit per month for residential collections. Recommendation: The management agent should calculate and pay management fees on a monthly basis in accordance with the Management Agent Certification. The management agent should repay $2,179 to the Property's operating cash account. Completion date: September 13, 2022 Management Response: Management agrees with recommendation and repaid the Property on September 13, 2022.
Show full finding ▾Hide full finding ▴Finding reference number: #2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157, 1997 Auditor non-compliance code: J - Unauthorized management fees 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: $2,179 Statement of condition # 2022-001: For the year ended June 30, 2022, management fees were overpaid by $2,179. Criteria: In accordance with the PRAC and Regulatory Agreement, management fees collected should be in accordance with HUD Form 3839-B Project Owner's & Management Agent Certification. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement and the Property's operating cash account is underfunded by $2,179. Cause: The management agent did not cap the management fees at $45 per unit per month for residential collections. Recommendation: The management agent should calculate and pay management fees on a monthly basis in accordance with the Management Agent Certification. The management agent should repay $2,179 to the Property's operating cash account. Completion date: September 13, 2022 Management Response: Management agrees with recommendation and repaid the Property on September 13, 2022.
Name of auditee: Fairmount Park Senior Housing, Inc. HUD auditee identification number: 074-EE030-WAH Name of audit firm: Dauby O'Connor & Zaleski, LLC Period covered by the audit: Year ended June 30, 2022 CAP prepared by Name: Eric Lynner Position: President Telephone number: 515-243-8300 Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations Statement of condition #2022-001: For the year ended June 30, 2022, management fees were overpaid by $2,179. Recommendation: The management agent should calculate and pay management fees on a monthly basis in accordance with the Management Agent Certification. The management agent should repay $2,179 to the Property's operating cash account. Action(s) taken or planned on the finding: Management repaid the Property on September 13, 2022.
FAC accepted this audit on December 27, 2021 — management decision was due June 27, 2022.
Finding reference number: #2021-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157, 1997 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. Noncompliance information: See statement of condition 2021-001 for noncompliance information. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition #2021-001: For the period April 1, 2021 to April 30, 2021, the Corporation did not have fidelity bond coverage. Criteria: HUD regulations require the Corporation to have a fidelity bond in an amount equal to two months gross revenues or $50,000, whichever is greater. Effect: The Corporation is not in compliance with HUD regulations. Cause: Upon transition, the Sponsor did not incorporate the Corporation and/or the Property into its fidelity bond coverage. Recommendation: Management should purchase fidelity bond insurance equal to two months gross rents or $50,000, whichever is greater, effective for the entire year. Completion date: May 1, 2021 Management Response: Agree. The new management agent purchased fidelity bond insurance equal to two months gross rent or $50,000, whichever is greater, effective May 1, 2021.
Show full finding ▾Hide full finding ▴Finding reference number: #2021-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157, 1997 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. Noncompliance information: See statement of condition 2021-001 for noncompliance information. Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of condition #2021-001: For the period April 1, 2021 to April 30, 2021, the Corporation did not have fidelity bond coverage. Criteria: HUD regulations require the Corporation to have a fidelity bond in an amount equal to two months gross revenues or $50,000, whichever is greater. Effect: The Corporation is not in compliance with HUD regulations. Cause: Upon transition, the Sponsor did not incorporate the Corporation and/or the Property into its fidelity bond coverage. Recommendation: Management should purchase fidelity bond insurance equal to two months gross rents or $50,000, whichever is greater, effective for the entire year. Completion date: May 1, 2021 Management Response: Agree. The new management agent purchased fidelity bond insurance equal to two months gross rent or $50,000, whichever is greater, effective May 1, 2021.
Name of auditee: Fairmount Park Senior Housing, Inc. HUD auditee identification number: 074-EE030-WAH Name of audit firm: Dauby O'Connor & Zaleski, LLC Period covered by the audit: Year ended June 30, 2021 CAP prepared by Name: Eric Lynner Position: President Telephone number: 515-243-8300 Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations Statement of condition #2021-001: For the period April 1, 2021 to April 30, 2021, the Corporation did not have fidelity bond coverage. Recommendation: Management should purchase fidelity bond insurance equal to two months gross rents or $50,000, whichever is greater, effective for the entire year. Action(s) taken or planned on the finding: The new management agent purchased fidelity bond insurance equal to two months gross rent or $50,000, whichever is greater, effective May 1, 2021.
FAC accepted this audit on September 27, 2020 — management decision was due March 27, 2021.
FAC accepted this audit on September 12, 2019 — management decision was due March 12, 2020.
FAC accepted this audit on October 17, 2018 — management decision was due April 17, 2019.
FAC accepted this audit on September 18, 2017 — management decision was due March 18, 2018.
FAC accepted this audit on September 26, 2016 — management decision was due March 26, 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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