EIN: 431919774
UEI: UQG6A79EWNK4
Audited by: HOOD & ASSOCIATES CPAS PC
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 October 8, 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 April 8, 2026 (148 days ago).
What is a management decision? →FAC accepted this audit on October 28, 2024 — management decision was due April 28, 2025.
Audit procedures identified $12,319 in funds transferred out of the residual receipts account without the approval from HUD. Questioned Costs: None Cause: Internal controls of over compliance were not sufficiently designed to ensure adherence with compliance requirements with federal awards. Possible Effect: CCI Apartment Corporation is not in compliance with the special tests and provision requirements. Repeat Finding: No Recommendation: We recommend that management review and revise policies and procedures related to residual receipts withdrawal authorization and approval including enhancing the communication and training of individuals authorized to initiate withdrawals.
Show full finding ▾Hide full finding ▴Federal Agency: U.S. Department of Housing and Urban Development Federal Program Title: Supportive Housing for Persons with Disabilities (Section 811) Asset Listing Number: 14.181 Award Number: 084-HD033 Compliance Requirement Affected: Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Criteria: An effective internal control system over compliance with federal awards should be in place to ensure compliance with federal award requirements. Withdrawals from the residual receipts account may be made only for project purposes and with the approval of HUD (24 CFR section 891.400(e)). Condition: Audit procedures identified $12,319 in funds transferred out of the residual receipts account without the approval from HUD. Questioned Costs: None Cause: Internal controls of over compliance were not sufficiently designed to ensure adherence with compliance requirements with federal awards. Possible Effect: CCI Apartment Corporation is not in compliance with the special tests and provision requirements. Repeat Finding: No Recommendation: We recommend that management review and revise policies and procedures related to residual receipts withdrawal authorization and approval including enhancing the communication and training of individuals authorized to initiate withdrawals.
Finding Audit procedures identified $12,319 in funds transferred out of the residual receipts account without the approval from HUD. Withdrawals from the residual receipts account may be made only for project purposes and with the approval of HUD (24 CFR section 891.400(e)). Corrective Action Plan Management will review the policies and procedures in place for all requirements and will implement changes to ensure applicable federal compliance requirements will be met going forward. The residual receipts fund were used to repay an outstanding loan loss payable to Life Unlimited, Inc. Management has recorded a receivable for this amount as of June 30, 2024 and has requested that the funds be returned to the Corporation. Person Responsible for Implementation: Brain Watson, Chief Financial Officer. Telephone (816) 474-3026 ext. 1153, Email bwatson@luinc.org Implementation Date: Implementation of the corrective action plan will begin immediately. The funds have been returned to the Corporation and management will begin the process to obtain HUD approval for withdrawal of funds from the residual receipts account.
FAC accepted this audit on October 28, 2024 — management decision was due April 28, 2025.
FAC accepted this audit on October 28, 2024 — management decision was due April 28, 2025.
FAC accepted this audit on October 20, 2021 — management decision was due April 20, 2022.
FAC accepted this audit on January 11, 2021 — management decision was due July 11, 2021.
2020-002 Supportive Housing For Persons with Disabilities (Section 811) CFDA No. 14.181 ? Special Testing ?Residual Receipts Condition During our testing, we noted the Corporation did not make a required $2,077 deposit into the HUD required Residual Receipts account from the prior year. Criteria HUD requires the Corporation to deposit surplus cash at year end into a Residual Receipts account within 90 days of year end. Cause Internal controls were not in place to ensure the required deposit was made into the Residual Receipts account. Effect The Corporation was not in compliance with HUD regulations regarding Residual Receipts. Questioned Costs N/A Recommendation We recommend that management review policies and procedures related to the Residual Receipts account to ensure that HUD requirements are being met.
Show full finding ▾Hide full finding ▴2020-002 Supportive Housing For Persons with Disabilities (Section 811) CFDA No. 14.181 ? Special Testing ?Residual Receipts Condition During our testing, we noted the Corporation did not make a required $2,077 deposit into the HUD required Residual Receipts account from the prior year. Criteria HUD requires the Corporation to deposit surplus cash at year end into a Residual Receipts account within 90 days of year end. Cause Internal controls were not in place to ensure the required deposit was made into the Residual Receipts account. Effect The Corporation was not in compliance with HUD regulations regarding Residual Receipts. Questioned Costs N/A Recommendation We recommend that management review policies and procedures related to the Residual Receipts account to ensure that HUD requirements are being met.
Management?s Response/Correction Action Plan Management will make the necessary $2,077 deposit to the Residual Receipts account.
FAC accepted this audit on October 15, 2019 — management decision was due April 15, 2020.
FAC accepted this audit on October 18, 2018 — management decision was due April 18, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on February 25, 2018 — management decision was due August 25, 2018.
FAC accepted this audit on March 16, 2017 — management decision was due September 16, 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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