EIN: 431602725
UEI: GSA_MIGRATION
Audited by: RALPH C. JOHNSON & COMPANY
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 29, 2023. 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 29, 2023 (1041 days ago).
What is a management decision? →The $690 of surplus cash at December 31, 2021 was not deposited into the residual receipts account within ninety days. Criteria: According to HUD?s guidelines, a Project must deposit surplus cash due to residual receipts within ninety days after the fiscal period ends (REAC submission due date) Cause Project management did not transfer the surplus cash of $690 from operating account to the residual receipts account. Effect: The Project held excess cash and did not make the required residual receipts deposits. This account is not in compliance with HUD requirements Recommendation: The Project should make the required deposits within the timeframe. Procedures should be improved to ensure that surplus cash is calculated at year end and transferred to the residual receipts accounts, if required. Management Response: Management will make the required deposit.
Show full finding ▾Hide full finding ▴Finding 2021-001- Residual Receipts Deposits Federal Agency U.S. Department of Housing and Urban Development Program: Section 811 Capital Advance Assistance Listing Numbers 14.181 ($760,176) Federal Award Year January 1 to December 31, 2021 Questioned Costs None Condition: The $690 of surplus cash at December 31, 2021 was not deposited into the residual receipts account within ninety days. Criteria: According to HUD?s guidelines, a Project must deposit surplus cash due to residual receipts within ninety days after the fiscal period ends (REAC submission due date) Cause Project management did not transfer the surplus cash of $690 from operating account to the residual receipts account. Effect: The Project held excess cash and did not make the required residual receipts deposits. This account is not in compliance with HUD requirements Recommendation: The Project should make the required deposits within the timeframe. Procedures should be improved to ensure that surplus cash is calculated at year end and transferred to the residual receipts accounts, if required. Management Response: Management will make the required deposit.
Finding No 2021-001 Name of Responsible Party Fred Gibbs FKGibbs Company, LLC PO Box 410312 Kansas City, MO 64141 Fred@fkgibbs.com M: 913.709.1811 Views of Responsible Official and Corrective Action The required deposit of $690 will be made to the residual receipts accounts. Expected Date of Completion:
FAC accepted this audit on July 15, 2021 — management decision was due January 15, 2022.
The security deposit bank account is less than the tenant security deposit liability account for the year ending 12-31-2020. Questiond Costs $217 Context: The tenant security deposit bank account should contain enough funds to handle the tenant security deposit liabilities on the financial For the year ending 12-31-2020, this account was less by the amount of $217. Effect: The account is not in compliance with HUD requirements Recommendation: The Project should make the required deposits and ensure that in the future the tenant security deposit bank account is equal to or greater than the tenant security liability account per HUD requirements. Corrective Action: Management agent has made the deposit necessary to bring the deposit account in line with the security deposit liability, therefore correcting the finding.
Show full finding ▾Hide full finding ▴Program: CFDA ? 14.181 Section 811 Capital Advance U.S. Department of Housing and Urban Development Criteria: Non-profit owners are required to maintain the security deposit funds as greater than or equal to the security deposit liability. Condition: The security deposit bank account is less than the tenant security deposit liability account for the year ending 12-31-2020. Questiond Costs $217 Context: The tenant security deposit bank account should contain enough funds to handle the tenant security deposit liabilities on the financial For the year ending 12-31-2020, this account was less by the amount of $217. Effect: The account is not in compliance with HUD requirements Recommendation: The Project should make the required deposits and ensure that in the future the tenant security deposit bank account is equal to or greater than the tenant security liability account per HUD requirements. Corrective Action: Management agent has made the deposit necessary to bring the deposit account in line with the security deposit liability, therefore correcting the finding.
Corrective Action: Management agent has made the deposit necessary to bring the deposit account in line with the security deposit liability, therefore correcting the finding.
FAC accepted this audit on October 31, 2020 — management decision was due May 1, 2021.
The 2018 required deposit to the residual receipts account was not made in a timely manner.Questioned Costs: $0Context: The required deposit was not made in a timely manner due to an unintentional oversight and is an isolated event.Effect: The residual receipts account is not in compliance with HUD requirements.Cause: The transfer was not made from the operating bank account to the residual receipts bank account in a timely manner.Recommendation: The Project should make the required transfer and ensure that in the future the surplus cash is transferred to the residual receipts account within the 60 day timeframe required by HUD.
Show full finding ▾Hide full finding ▴CFDA 14.181 Section 811 Capital AdvanceCriteria: Non-profit owners are required to deposit surplus cash into their residual receipts account within 60 days after year end.Condition: The 2018 required deposit to the residual receipts account was not made in a timely manner.Questioned Costs: $0Context: The required deposit was not made in a timely manner due to an unintentional oversight and is an isolated event.Effect: The residual receipts account is not in compliance with HUD requirements.Cause: The transfer was not made from the operating bank account to the residual receipts bank account in a timely manner.Recommendation: The Project should make the required transfer and ensure that in the future the surplus cash is transferred to the residual receipts account within the 60 day timeframe required by HUD.
The Project made the required transfer and will ensure in the future that the surplus cash is deposited into the residual receipts account within 60 days of year-end.
2018-001
FAC accepted this audit on March 30, 2019 — management decision was due September 30, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on March 30, 2018 — management decision was due September 30, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on July 30, 2017 — management decision was due January 30, 2018.
GSA_MIGRATION
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GSA_MIGRATION
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