EIN: 411964691
UEI: EW1HQ4AM6JP9
Single Audit filed under EIN: 410991680
122019262, 202265971, 203138196, 203349394, 203349702, 203349887, 203350024, 204794739, 205996177, 208335586, 237005359, 261226617, 262912486, 271086011, 272552748, 320190409, 363397264, 363517696, 363517697, 410693880, 410706141, 410851573, 411287792, 411293970, 411356565, 411378656, 411388583, 411414831, 411434246, 411456897, 411463518, 411482417, 411483099, 411544996, 411560554, 411567046, 411568579, 411573810, 411592761, 411602044, 411753325, 411761760, 411765832, 411769727, 411796007, 411805759, 411846481, 411852028, 411865874, 411928275, 411983267, 412012560, 452665537, 455422455, 455588268, 461336243, 462441825, 462454295, 465444821, 611408831, 721586863, 810625135, 813927337, 814469761, 980417513 · unlinked EINs have no separate FAC filing
Audited by: CliftonLarson Allen LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 30, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 17, 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 October 17, 2025 (318 days ago).
What is a management decision? →FAC accepted this audit on April 17, 2025 — management decision was due October 17, 2025.
FAC accepted this audit on May 14, 2024 — management decision was due November 14, 2024.
FAC accepted this audit on May 14, 2024 — management decision was due November 14, 2024.
FAC accepted this audit on September 14, 2023 — management decision was due March 14, 2024.
Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $96,434 Context: While performing audit procedures it was noted the distribution made during fiscal year 2022 was based on a November surplus cash calculation and in excess of the amount of surplus cash available at June 30, 2022. Cause: The project distributed cash based on the November 30 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴2022-001 Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 232 HUD Insured Mortgage Assistance Living Number: 14.129 Type of Finding: ? Material Weakness in Internal Control over Compliance ? Compliance Criteria or Specific Requirement: Distributions are allowed to be made up to the amount of surplus cash based on a calculation at June 30 and December 31 annually. Condition: Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $96,434 Context: While performing audit procedures it was noted the distribution made during fiscal year 2022 was based on a November surplus cash calculation and in excess of the amount of surplus cash available at June 30, 2022. Cause: The project distributed cash based on the November 30 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will review and update their policies and procedures to ensure distributions are made based on the biannual surplus cash calculations based on the dates in the regulatory agreement. Name of the contact person responsible for corrective action: Connie Bednarek, Controller Planned completion date for corrective action plan: June 30, 2023
Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $79,072 Context: While performing audit procedures it was noted the distribution was based on the November surplus cash calculation and in excess of the amount available at June 30, 2022. Cause: The project distributed cash based on a November 30, 2022 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴2022-001 Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 232 HUD Insured Mortgage Assistance Living Number: 14.129 Type of Finding: ? Material Weakness in Internal Control over Compliance ? Compliance Criteria or Specific Requirement: Distributions are allowed to be made up to the amount of surplus cash based on a calculation at June 30 and December 31 annually. Condition: Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $79,072 Context: While performing audit procedures it was noted the distribution was based on the November surplus cash calculation and in excess of the amount available at June 30, 2022. Cause: The project distributed cash based on a November 30, 2022 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will review and update their policies and procedures to ensure distributions are made based on the biannual surplus cash calculations based on the dates in the regulatory agreement. Name of the contact person responsible for corrective action: Connie Bednarek, Controller Planned completion date for corrective action plan: June 30, 2023
Management is responsible for reviewing the quarterly bank ratings of the financial institutions where funds are held in excess of the FDIC limits. Questioned Costs: N/A Context: While performing audit procedures it was noted that the client was not monitoring the bank ratings on a quarterly basis. Cause: The project did not monitor the bank ratings for financial institutions where cash was in excess of the FDIC limits. Effect: Banks accounts were not monitored on a quarterly basis Repeat Finding: No Recommendation: Recommend management put a policy in place to monitor the bank rating quarterly for financial institutions the Project hold funds at. Views of Responsible Officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴2022-002 Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 232 HUD Insured Mortgage Assistance Living Number: 14.129 Type of Finding: ? Significant Deficiency in Internal Control over Compliance ? Compliance Criteria or Specific Requirement: Cash held in excess of FDIC limits at financial institutions requires a quarterly review of the banks rating. Condition: Management is responsible for reviewing the quarterly bank ratings of the financial institutions where funds are held in excess of the FDIC limits. Questioned Costs: N/A Context: While performing audit procedures it was noted that the client was not monitoring the bank ratings on a quarterly basis. Cause: The project did not monitor the bank ratings for financial institutions where cash was in excess of the FDIC limits. Effect: Banks accounts were not monitored on a quarterly basis Repeat Finding: No Recommendation: Recommend management put a policy in place to monitor the bank rating quarterly for financial institutions the Project hold funds at. Views of Responsible Officials: There is no disagreement with the audit finding.
Recommendation: Recommend management put a policy in place to monitor the bank rating quarterly for financial institutions the projects hold funds at. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will review and update their policies and procedures to ensure the bank ratings for the financial institutions where their projects hold assets is monitored on a quarterly basis. Name of the contact person responsible for corrective action: Connie Bednarek, Controller Planned completion date for corrective action plan: March 31, 2023
FAC accepted this audit on September 14, 2023 — management decision was due March 14, 2024.
Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $96,434 Context: While performing audit procedures it was noted the distribution made during fiscal year 2022 was based on a November surplus cash calculation and in excess of the amount of surplus cash available at June 30, 2022. Cause: The project distributed cash based on the November 30 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴2022-001 Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 232 HUD Insured Mortgage Assistance Living Number: 14.129 Type of Finding: ? Material Weakness in Internal Control over Compliance ? Compliance Criteria or Specific Requirement: Distributions are allowed to be made up to the amount of surplus cash based on a calculation at June 30 and December 31 annually. Condition: Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $96,434 Context: While performing audit procedures it was noted the distribution made during fiscal year 2022 was based on a November surplus cash calculation and in excess of the amount of surplus cash available at June 30, 2022. Cause: The project distributed cash based on the November 30 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will review and update their policies and procedures to ensure distributions are made based on the biannual surplus cash calculations based on the dates in the regulatory agreement. Name of the contact person responsible for corrective action: Connie Bednarek, Controller Planned completion date for corrective action plan: June 30, 2023
Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $79,072 Context: While performing audit procedures it was noted the distribution was based on the November surplus cash calculation and in excess of the amount available at June 30, 2022. Cause: The project distributed cash based on a November 30, 2022 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴2022-001 Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 232 HUD Insured Mortgage Assistance Living Number: 14.129 Type of Finding: ? Material Weakness in Internal Control over Compliance ? Compliance Criteria or Specific Requirement: Distributions are allowed to be made up to the amount of surplus cash based on a calculation at June 30 and December 31 annually. Condition: Management is responsible for reviewing the timing of the calculations the surplus cash distributions are made from to ensure the amount does not exceed the amount allowable. Questioned Costs: $79,072 Context: While performing audit procedures it was noted the distribution was based on the November surplus cash calculation and in excess of the amount available at June 30, 2022. Cause: The project distributed cash based on a November 30, 2022 surplus cash calculation in an amount more than the June 30 calculation. Effect: Cash distributed was more than the amount allowed Repeat Finding: No Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Views of Responsible Officials: There is no disagreement with the audit finding.
Recommendation: Recommend management review their policies to ensure distributions are made based on the biannual surplus cash calculations. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will review and update their policies and procedures to ensure distributions are made based on the biannual surplus cash calculations based on the dates in the regulatory agreement. Name of the contact person responsible for corrective action: Connie Bednarek, Controller Planned completion date for corrective action plan: June 30, 2023
Management is responsible for reviewing the quarterly bank ratings of the financial institutions where funds are held in excess of the FDIC limits. Questioned Costs: N/A Context: While performing audit procedures it was noted that the client was not monitoring the bank ratings on a quarterly basis. Cause: The project did not monitor the bank ratings for financial institutions where cash was in excess of the FDIC limits. Effect: Banks accounts were not monitored on a quarterly basis Repeat Finding: No Recommendation: Recommend management put a policy in place to monitor the bank rating quarterly for financial institutions the Project hold funds at. Views of Responsible Officials: There is no disagreement with the audit finding.
Show full finding ▾Hide full finding ▴2022-002 Federal agency: U.S. Department of Housing and Urban Development Federal program title: Section 232 HUD Insured Mortgage Assistance Living Number: 14.129 Type of Finding: ? Significant Deficiency in Internal Control over Compliance ? Compliance Criteria or Specific Requirement: Cash held in excess of FDIC limits at financial institutions requires a quarterly review of the banks rating. Condition: Management is responsible for reviewing the quarterly bank ratings of the financial institutions where funds are held in excess of the FDIC limits. Questioned Costs: N/A Context: While performing audit procedures it was noted that the client was not monitoring the bank ratings on a quarterly basis. Cause: The project did not monitor the bank ratings for financial institutions where cash was in excess of the FDIC limits. Effect: Banks accounts were not monitored on a quarterly basis Repeat Finding: No Recommendation: Recommend management put a policy in place to monitor the bank rating quarterly for financial institutions the Project hold funds at. Views of Responsible Officials: There is no disagreement with the audit finding.
Recommendation: Recommend management put a policy in place to monitor the bank rating quarterly for financial institutions the projects hold funds at. Explanation of disagreement with audit finding: There is no disagreement with the audit finding. Action taken in response to finding: Management will review and update their policies and procedures to ensure the bank ratings for the financial institutions where their projects hold assets is monitored on a quarterly basis. Name of the contact person responsible for corrective action: Connie Bednarek, Controller Planned completion date for corrective action plan: March 31, 2023
FAC accepted this audit on June 23, 2022 — management decision was due December 23, 2022.
FAC accepted this audit on June 23, 2022 — management decision was due December 23, 2022.
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