EIN: 392043528
UEI: DBYAAJXUM8R7
Data as of August 19, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 23, 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 23, 2026, which was (28 days ago).
What is a management decision? →Assistance Listing (Federal award identification number and year): Supportive Housing for the Elderly (Assistance Listing No. 14.157, 2003) Auditor non-compliance code: N - Reserve for Replacements Deposits Finding resolution status: Resolved Universe population size: 12 months of deposits to the reserve for replacement Sample size information: 12 months of deposits to the reserve for replacement Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $5,119 Statement of condition #2025-001: During the year ended September 30, 2025, the Corporation did not make the HUD required number of deposits to the reserve for replacements. Criteria: Pursuant to item 10(b) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $5,119 at September 30, 2025. Cause: Cash flow shortages at the Community did not allow for additional replacement reserve deposits to be made. Recommendation: Management should transfer $5,119 from the operating account to the reserve for replacements account when there is cash available. Management's response: Management concurs with the finding and recommendation. management deposited $5,119 into the replacement reserve on November 18, 2025, and will continue to make monthly deposits to the reserve as cash flow allows to ensure compliance.
Finding #2025-001: During the year ended September 30, 2025, the Corporation did not make the HUD required number of deposits to the reserve for replacements. Recommendation: Management should transfer $5,119 from the operating account to the reserve for replacements account when there is cash available. Action(s) taken or planned on the finding: Management concurs with the finding and recommendation. Management deposited $5,119 into the replacement reserve on November 18, 2025, and will continue to make monthly deposits to the reserve as cash flow allows to ensure compliance.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 4, 2022. 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 4, 2022, which was (1508 days ago).
What is a management decision? →Assistance Listing No. title and number (federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157, 2003 Auditor non-compliance code: A ? Unauthorized withdrawal from the replacement reserve Finding resolution status: Resolved Universe population size: 2 reserve for replacements withdrawals Sample size information: 2 reserve for replacements withdrawals Name of federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $2,827 Statement of condition #2021-001: Management transferred reserve for replacement funds of $2,827 to the operating account without obtaining HUD approval. Criteria: Pursuant to the Regulatory Agreement (form HUD-92466-CA) Section 5(a), disbursements from the reserve for replacements shall only be made after consent, in writing, of HUD. Effect: The Company is not in compliance with the Regulatory Agreement. Cause: Management oversight. Management needed funds to cover operating costs for the Community and did not obtain HUD approval prior to transferring the funds. Recommendation: Management should obtain HUD approval prior to transferring funds out of the reserve for replacements account, regardless of the reason for the transfer. Completion date: December 22, 2021 Reporting views of responsible officials: Agree. Management transferred $2,827 into the reserve for replacements account on December 22, 2021. No further action is required.
Comments on finding and recommendation: Statement of condition #2021-001: Management transferred reserve for replacement funds of $2,827 to the operating account without obtaining HUD approval. Questioned Costs: $2,827 Recommendation: Management should obtain HUD approval prior to transferring funds out of the reserve for replacements account, regardless of the reason for the transfer. Action(s) taken or planned on the finding: Agree. Management transferred $2,827 into the reserve for replacements account on December 22, 2021. No further action is required.
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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