EIN: 431865393
UEI: PMLHSB3Y4EH5
Data as of August 24, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 22, 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 November 22, 2026 (89 days from today).
What is a management decision? →The Project had not processed nor paid the utility invoices of its electricity provider from March 2025 through March 2026. Unpaid utility and late fee charges totaled $170,391. Electricity continued to be provided to the Project during this time. The Project required an audit adjustment of $121,717 for unrecorded utility expenses (electricity) in order to properly reflect the Project's financial position and results of operations for the year ended December 31, 2025, in accordance with GAAP. S3800-032 Cause: The electric utility provider changed the Project's billing address. Utility invoices did not arrive at the property. The utility provider did not contact Project management to inform of delinquent payments. Internal controls did not detect that utility expenses were understated. S3800-033 Effect or Potential Effect: Delinquent payments to the utility provider could hinder the Project's ability to maintain a safe and operational building for residents. Additionally, incomplete financial information may hinder the overall administration of the Project. S3800-035 Auditor Non-Compliance Code: S – Internal control deficiencies S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. We do have a process where the manager is to ensure all public utility invoices are received and entered. The manager has a spreadsheet with the public utility accounts, which should ensure the manager receive the invoices. In this instance, the manager did not use the spreadsheet. If the manager doesn’t follow the spreadsheet, it should be caught upon receiving a past due notice or a disconnect notice. Sine Ameren changed the Project's address, we did not receive correspondence. The manager has been informed of the process that should be followed. Ameren called to make payment arrangements and will be waiving the late fees. This will be taken care of upon receiving and reviewing all monthly invoices and making appropriate arrangements. S3800-050 Context: For the year ended December 31, 2025, the Project required a significant audit adjustment in order to properly reflect the Project's financial position and results of operations in accordance with GAAP. S3800-080 Recommendation: The auditor recommends that the Project implement enhanced controls and procedures of its period-end closing process to ensure all proper expense accruals are recorded for invoices not timely received. The auditor also recommends that the Project implement enhanced controls and procedures to identify unreceived and unpaid vendor invoices to prevent potential disruption of services.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number: 2025-001 S3800-011 Title and CFDA Number of Federal Program: Project-Based Rental Assistance (PBRA) 14.195 S3800-015 Type of Finding: Financial Statement and Federal Award Finding S3800-016 Finding Resolution Status Unresolved S3800-017 Information on Universe Population Size: Utility expenses (electricity) for the period January 1, 2025 through December 31,2025. S3800-018 Sample Size Information: Utility expenses (electricity) for the period January 1, 2025 through December 31, 2025. S3800-019 Identification of Repeat Finding and Finding Reference Number: N/A S3800-020 Criteria: The Project should have an adequate system of internal controls to ensure that all vendor and utility provider transactions are properly processed, paid timely, and properly recorded in the Project's accounting records. S3800-030 Statement of Condition: The Project had not processed nor paid the utility invoices of its electricity provider from March 2025 through March 2026. Unpaid utility and late fee charges totaled $170,391. Electricity continued to be provided to the Project during this time. The Project required an audit adjustment of $121,717 for unrecorded utility expenses (electricity) in order to properly reflect the Project's financial position and results of operations for the year ended December 31, 2025, in accordance with GAAP. S3800-032 Cause: The electric utility provider changed the Project's billing address. Utility invoices did not arrive at the property. The utility provider did not contact Project management to inform of delinquent payments. Internal controls did not detect that utility expenses were understated. S3800-033 Effect or Potential Effect: Delinquent payments to the utility provider could hinder the Project's ability to maintain a safe and operational building for residents. Additionally, incomplete financial information may hinder the overall administration of the Project. S3800-035 Auditor Non-Compliance Code: S – Internal control deficiencies S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. We do have a process where the manager is to ensure all public utility invoices are received and entered. The manager has a spreadsheet with the public utility accounts, which should ensure the manager receive the invoices. In this instance, the manager did not use the spreadsheet. If the manager doesn’t follow the spreadsheet, it should be caught upon receiving a past due notice or a disconnect notice. Sine Ameren changed the Project's address, we did not receive correspondence. The manager has been informed of the process that should be followed. Ameren called to make payment arrangements and will be waiving the late fees. This will be taken care of upon receiving and reviewing all monthly invoices and making appropriate arrangements. S3800-050 Context: For the year ended December 31, 2025, the Project required a significant audit adjustment in order to properly reflect the Project's financial position and results of operations in accordance with GAAP. S3800-080 Recommendation: The auditor recommends that the Project implement enhanced controls and procedures of its period-end closing process to ensure all proper expense accruals are recorded for invoices not timely received. The auditor also recommends that the Project implement enhanced controls and procedures to identify unreceived and unpaid vendor invoices to prevent potential disruption of services.
S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Concur S3800-130 Response Indicator: Agree S3800-140 Completion Date: May 31, 2026 S3800-150 Response: The Project has been in contact with its electric utility provider and is currently working to reconcile the outstanding balance. Management anticipates that the entire amount owed will be settled by May 31, 2026, through a series of incremental payments. S3800-160 Contact Person - First Name: Dawn S3800-180 Contact Person - Last Name: Kleinschrodt
The Project received correspondence approving an increase in the required monthly deposit for replacement reserves effective September 1, 2024 and then September 1, 2025. The Project failed to implement the deposit increase approved by the Contract Administrator on the effective approval dates. As of December 31, 2025, the Project was in arrears by $12,452. S3800-032 Cause: Oversite was due to staff changes. S3800-033 Effect or Potential Effect: The failure to implement the increase may result in an understatement of the reserve for replacement deposits and restricted funds. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: N – Reserve for replacement deposits S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: The Project's Accounts Payable has been paying what was stated on the mortgage statement, which includes the required replacement reserve deposits. The lender was not notified of the increase, so the deposit amount was not increased. Management will need to make sure to look out for the notifications from HUD and notify the lender if the deposits change, in case the lender doesn’t get the HUD notification. S3800-050 Context: For the years ended December 31, 2025 and December 31, 2024, the Project did not implement the approved increase to the required monthly replacement reserve deposits as of the designated effective date. S3800-080 Recommendation: The auditor recommend that the Project implement enhanced internal controls and procedures to ensure HUD approved rate changes of the required monthly deposits of replacement reserves are timely identified and implemented.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number: 2025-003 S3800-011 Title and CFDA Number of Federal Program: Project-Based Rental Assistance (PBRA) 14.195, Mortgage Insurance Rental Housing 14.134 S3800-015 Type of Finding: Federal Award Finding S3800-016 Finding Resolution Status Unresolved S3800-017 Information on Universe Population Size: N/A S3800-018 Sample Size Information: N/A S3800-019 Identification of Repeat Finding and Finding Reference Number: N/A S3800-020 Criteria: Per HUD guidance, management must implement approved increases of the required monthly deposits of replacement reserves on the effective date approved by HUD or the Contract Administrator. S3800-030 Statement of Condition: The Project received correspondence approving an increase in the required monthly deposit for replacement reserves effective September 1, 2024 and then September 1, 2025. The Project failed to implement the deposit increase approved by the Contract Administrator on the effective approval dates. As of December 31, 2025, the Project was in arrears by $12,452. S3800-032 Cause: Oversite was due to staff changes. S3800-033 Effect or Potential Effect: The failure to implement the increase may result in an understatement of the reserve for replacement deposits and restricted funds. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: N – Reserve for replacement deposits S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: The Project's Accounts Payable has been paying what was stated on the mortgage statement, which includes the required replacement reserve deposits. The lender was not notified of the increase, so the deposit amount was not increased. Management will need to make sure to look out for the notifications from HUD and notify the lender if the deposits change, in case the lender doesn’t get the HUD notification. S3800-050 Context: For the years ended December 31, 2025 and December 31, 2024, the Project did not implement the approved increase to the required monthly replacement reserve deposits as of the designated effective date. S3800-080 Recommendation: The auditor recommend that the Project implement enhanced internal controls and procedures to ensure HUD approved rate changes of the required monthly deposits of replacement reserves are timely identified and implemented.
S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Concur S3800-130 Response Indicator: Agree S3800-140 Completion Date: April 30, 2026 S3800-150 Response: The Project will make the necessary catch-up deposits to the replacement reserve to cover the identified shortfall once the amount is confirmed with the lender/escrow holder. The Project has updated its processes to reflect the increased monthly deposit for replacement reserves. S3800-160 Contact Person - First Name: Dawn S3800-180 Contact Person - Last Name: Kleinschrodt
The Project did not maintain the security deposit account at a balance equal to or more than the security deposit liability at all times. As of December 31, 2025, the deficiency was $1,295. S3800-032 Cause: The Project did not follow the terms of the HUD approved lease. S3800-033 Effect or Potential Effect: Tenant deposit is being used to pay for Project expenses. S3800-035 Auditor Non-Compliance Code: Z – Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Funding of the security deposit account should occur monthly but it was not overlooked. S3800-050 Context: For the year ended December 31, 2025, the Project did not maintain the security deposit account at a balance equal to or more than the security deposit liability. S3800-080 Recommendation: The auditor recommends that the Project deposit additional funds to the security deposit account to ensure the balance equals or exceeds the tenant security deposit liability at all times.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number: 2025-004 S3800-011 Title and CFDA Number of Federal Program: Project-Based Rental Assistance (PBRA) 14.195, Mortgage Insurance Rental Housing 14.134 S3800-015 Type of Finding: Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size: N/A S3800-018 Sample Size Information: N/A S3800-019 Identification of Repeat Finding and Finding Reference Number: N/A S3800-020 Criteria: Per HUD guidance, the Project must maintain the security deposit account at a balance equal to or more than the security deposit liability at all times, consistent with the HUD approved lease for the tenant of the Project operating leases to low-and moderate-income individuals, including any bank maintenance fees. S3800-030 Statement of Condition: The Project did not maintain the security deposit account at a balance equal to or more than the security deposit liability at all times. As of December 31, 2025, the deficiency was $1,295. S3800-032 Cause: The Project did not follow the terms of the HUD approved lease. S3800-033 Effect or Potential Effect: Tenant deposit is being used to pay for Project expenses. S3800-035 Auditor Non-Compliance Code: Z – Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Funding of the security deposit account should occur monthly but it was not overlooked. S3800-050 Context: For the year ended December 31, 2025, the Project did not maintain the security deposit account at a balance equal to or more than the security deposit liability. S3800-080 Recommendation: The auditor recommends that the Project deposit additional funds to the security deposit account to ensure the balance equals or exceeds the tenant security deposit liability at all times.
S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Concur S3800-130 Response Indicator: Agree S3800-140 Completion Date: April 20, 2026 S3800-150 Response: The Project deposited $2,000 to the security deposit account to increase the balance so that it will meet the requirement of maintaining the security deposit account at a balance equal to or more than the security deposit liability account as of April 20, 2026. S3800-160 Contact Person - First Name: Dawn S3800-180 Contact Person - Last Name: Kleinschrodt
FAC accepted this audit on April 10, 2025 — management decision was due October 10, 2025.
The Project failed to submit financial statements for the year ended December 31, 2023 to HUD within the required timeframe. The financial statements were due March 31, 2024, but were not submitted until November 22, 2024, resulting in a delay. S3800-032 Cause: Records were not completed sufficiently to submit the REAC report in a timely manner. S3800-033 Effect or Potential Effect: The failure to submit the financial statements on time places the project in noncompliance with HUD's financial reporting requirements. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: Z - Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future financial statements are submitted in accordance with HUD requirements. S3800-050 Context: For the year ended December 31, 2023, the Project did not file the REAC report with HUD by the filing deadline. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number: 2024-01 S3800-011 Title and CFDA Number of Federal Program: Section 8 Housing Project-Based Cluster 14.182, Mortgage Insurance rental Housing 14.134 S3800-015 Type of Finding: Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size: N/A S3800-018 Sample Size Information: N/A S3800-019 Identification of Repeat Finding and Finding Reference Number: 2023-01 S3800-020 Criteria: Per HUD guidance, non-profit entity project owners/agents are required to submit audited or unaudited financial statements within 90 days after the end of the fiscal year. If an unaudited submission is filed, the audited submission is due 9 months after the end of the fiscal year. This requirement ensures HUD can monitor the financial health and compliance of the projects it insures or subsidizes. S3800-030 Statement of Condition: The Project failed to submit financial statements for the year ended December 31, 2023 to HUD within the required timeframe. The financial statements were due March 31, 2024, but were not submitted until November 22, 2024, resulting in a delay. S3800-032 Cause: Records were not completed sufficiently to submit the REAC report in a timely manner. S3800-033 Effect or Potential Effect: The failure to submit the financial statements on time places the project in noncompliance with HUD's financial reporting requirements. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: Z - Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future financial statements are submitted in accordance with HUD requirements. S3800-050 Context: For the year ended December 31, 2023, the Project did not file the REAC report with HUD by the filing deadline. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Concur S3800-130 Response Indicator: Agree S3800-140 Completion Date: November 22, 2024 S3800-150 Response: For the year ended December 31, 2023, the Project filed the REAC report with HUD on November 22, 2024. S3800-160 Contact Person - First Name: Dawn S3800-180 Contact Person - Last Name: Kleinschrodt
2023-001
The Project failed to submit the data collection form and financial statements for the year ended December 31, 2023 to FAC within the required timeframe. The data collection form and financial statements were due September 30, 2024, but were not submitted until November 26, 2024, resulting in a delay. S3800-032 Cause: Records were not completed sufficiently to submit the FAC information in a timely manner. S3800-033 Effect or Potential Effect: The failure to submit the data collection form and financial statements on time places the project in non-compliance with Office of Management and Budget's (OMB) financial reporting requirements. This non-compliance may result in administrative actions by OMB, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: Z - Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future financial statements are submitted in accordance with FAC requirements. S3800-050 Context: For the year ended December 31, 2023, the Project did not file the FAC data collection form by the filing deadline. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number: 2024-02 S3800-011 Title and CFDA Number of Federal Program: Section 8 Housing Project-Based Cluster 14.182, Mortgage Insurance rental Housing 14.134 S3800-015 Type of Finding: Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size: N/A S3800-018 Sample Size Information: N/A S3800-019 Identification of Repeat Finding and Finding Reference Number: N/A S3800-020 Criteria: Per Federal Audit Clearinghouse (FAC) guidance, non-profit entity project owners/agents are required to submit the data collection form and audited financial statements 30 days after the receipt of the auditors' report or 9 months after the end of the fiscal year. S3800-030 Statement of Condition: The Project failed to submit the data collection form and financial statements for the year ended December 31, 2023 to FAC within the required timeframe. The data collection form and financial statements were due September 30, 2024, but were not submitted until November 26, 2024, resulting in a delay. S3800-032 Cause: Records were not completed sufficiently to submit the FAC information in a timely manner. S3800-033 Effect or Potential Effect: The failure to submit the data collection form and financial statements on time places the project in non-compliance with Office of Management and Budget's (OMB) financial reporting requirements. This non-compliance may result in administrative actions by OMB, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: Z - Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future financial statements are submitted in accordance with FAC requirements. S3800-050 Context: For the year ended December 31, 2023, the Project did not file the FAC data collection form by the filing deadline. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Concur S3800-130 Response Indicator: Agree S3800-140 Completion Date: November 26, 2024 S3800-150 Response: For the year ended December 31, 2023, the Project filed the FAC data collection form on November 26, 2024. S3800-160 Contact Person - First Name: Dawn S3800-180 Contact Person - Last Name: Kleinschrodt
The Project received an approved rent increase effective September 1, 2024. The Project failed to implement the HUD approved rate increase on the effective approval date. S3800-032 Cause: Oversite was due to staff changes. S3800-033 Effect or Potential Effect: The failure to implement rate increase may result in an understatement of revenues and delayed cash receipts. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: R – Section 8 program administrations S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future rate changes are implemented timely in accordance with HUD requirements. S3800-050 Context: For the year ended December 31, 2024, the Project did not implement approved rent rate increase on the approved effective date. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number: 2024-03 S3800-011 Title and CFDA Number of Federal Program: Section 8 Housing Project-Based Cluster 14.182 S3800-015 Type of Finding: Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size: N/A S3800-018 Sample Size Information: N/A S3800-019 Identification of Repeat Finding and Finding Reference Number: N/A S3800-020 Criteria: Per HUD guidance, management must implement approved rent changes on the effective date approved by HUD or the Contract Administrator. In some cases, this date may reflect a retroactive approval, and management must change the tenant certification and adjust the monthly subsidy voucher. Revised data must be transmitted to the Contract Administrator or to TRACS to reflect the retroactive changes. S3800-030 Statement of Condition: The Project received an approved rent increase effective September 1, 2024. The Project failed to implement the HUD approved rate increase on the effective approval date. S3800-032 Cause: Oversite was due to staff changes. S3800-033 Effect or Potential Effect: The failure to implement rate increase may result in an understatement of revenues and delayed cash receipts. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: R – Section 8 program administrations S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future rate changes are implemented timely in accordance with HUD requirements. S3800-050 Context: For the year ended December 31, 2024, the Project did not implement approved rent rate increase on the approved effective date. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Concur S3800-130 Response Indicator: Agree S3800-140 Completion Date: March 3, 2025 S3800-150 Response: For the year ended December 31, 2024, the Project implemented the rate increase and submitted adjusted HAP billings accordingly with HUD on March 3, 2025. S3800-160 Contact Person - First Name: Dawn S3800-180 Contact Person - Last Name: Kleinschrodt
FAC accepted this audit on November 26, 2024 — management decision was due May 26, 2025.
The Project failed to submit financial statements for the year ended December 31, 2022 to HUD within the required timeframe. The financial statements were due March 31, 2023, but were not submitted until May 11, 2023, resulting in a delay. S3800-032 Cause: Records were not completed sufficiently to submit the REAC report in a timely manner. S3800-033 Effect or Potential Effect: The failure to submit the financial statements on time places the project in non-compliance with HUD's financial reporting requirements. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: Z - Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future financial statements are submitted in accordance with HUD requirements. S3800-050 Context: For the year ended December 31, 2022, the Project did not file the REAC report with HUD by the filing deadline. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number: 2023-01 S3800-011 Title and CFDA Number of Federal Program: "Section 8 Housing Project-Based Cluster 14.182 Mortgage Insurance rental Housing 14.134" S3800-015 Type of Finding: Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universe Population Size: N/A S3800-018 Sample Size Information: N/A S3800-019 Identification of Repeat Finding and Finding Reference Number: N/A S3800-020 Criteria: Per HUD guidance, non-profit entity project owners/agents are required to submit audited or unaudited financial statements within 90 days after the end of the fiscal year. If an unaudited submission is filed, the audited submission is due 9 months after the end of the fiscal year. This requirement ensures HUD can monitor the financial health and compliance of the projects it insures or subsidizes. S3800-030 Statement of Condition: The Project failed to submit financial statements for the year ended December 31, 2022 to HUD within the required timeframe. The financial statements were due March 31, 2023, but were not submitted until May 11, 2023, resulting in a delay. S3800-032 Cause: Records were not completed sufficiently to submit the REAC report in a timely manner. S3800-033 Effect or Potential Effect: The failure to submit the financial statements on time places the project in non-compliance with HUD's financial reporting requirements. This non-compliance may result in administrative actions by HUD, including potential sanctions, future funding or renewal of contracts. S3800-035 Auditor Non-Compliance Code: Z - Other S3800-037 FHA/Contract Number: 085-11073 S3800-040 Questioned Costs: $-- S3800-045 Reporting Views of Responsible Officials: Management acknowledges the finding and is taking corrective actions to address the issue. The Project is seeking to hire additional staff and is committed to ensuring future financial statements are submitted in accordance with HUD requirements. S3800-050 Context: For the year ended December 31, 2022, the Project did not file the REAC report with HUD by the filing deadline. S3800-080 Recommendation: We recommend that the Project implement enhanced internal controls and procedures including establishing timelines for financial reporting, emphasizing key dates and deadlines to prevent late filing is in the future.
S3800-090 Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Concur S3800-130 Response Indicator: Agree S3800-140 Completion Date: May 11, 2023 S3800-150 Response: For the year ended December 31, 2022, the Project filed the REAC report with HUD on May 11, 2023. S3800-160 Contact Person - First Name: Dawn S3800-180 Contact Person - Last Name: Kleinschrodt
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.
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and compliance status.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.