EIN: 454688490
UEI: M1QHTL3Z8RR4
Data as of August 24, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 17, 2024. 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 17, 2024 (769 days ago).
What is a management decision? →Condition - Noncompliance with Capital Advance Program Regulatory Agreement Section 5(c) which requires deposit of residual receipts within sixty days after year end. The June 30, 2022 residual receipts amount of $37,395 was required to be deposited within sixty days after year end, August 29, 2022. This amount was deposited in three payments of $10,810 on September 6, 2022, $25,000 on June 20, 2023, and $1,585 on August 28, 2023. all three payments are considered late.
Show full finding ▾Hide full finding ▴Condition - Noncompliance with Capital Advance Program Regulatory Agreement Section 5(c) which requires deposit of residual receipts within sixty days after year end. The June 30, 2022 residual receipts amount of $37,395 was required to be deposited within sixty days after year end, August 29, 2022. This amount was deposited in three payments of $10,810 on September 6, 2022, $25,000 on June 20, 2023, and $1,585 on August 28, 2023. all three payments are considered late.
The corrective action planned is putting controls in place to ensure detection of errors in the calculation of the amount to be deposited to the residual receipts account and to ensure the deposit is made within the time period required.
FAC accepted this audit on February 9, 2023 — management decision was due August 9, 2023.
Federal Award Findings and Questioned Costs Section 811 Capital Advance Program ? CFDA No. 14.181 Finding # 2022-001: Section 811 Capital Advance Program ? CFDA No. 14.181 Condition - Noncompliance with Capital Advance Program Regulatory Agreement Section 5(c) which requires deposit of residual receipts within sixty days after year end. The June 30, 2021 residual receipts amount of $35,342 was required to be deposited within sixty days after year end, August 29, 2021. This amount was deposited in two payments of $7,825.57 on September 30, 2021 and $27,516.46 on December 20, 2022. Both payments are considered late. Criteria ? Capital Advance Program Regulatory Agreement Section 5(c) states that within sixty days after the end of each year, residual receipts realized from the operation of the mortgaged property shall be deposited into a separate residual receipts account. Effect ? Violation of Capital Advance Program Regulatory Agreement Section 5(c). Cause ? Management incorrectly calculated the required residual receipt amount. Recommendation ? Management should strengthen controls to ensure detection of errors in the calculation of the amount to be deposited to the residual receipts account and to ensure the deposit is made within the time period required.
Show full finding ▾Hide full finding ▴Federal Award Findings and Questioned Costs Section 811 Capital Advance Program ? CFDA No. 14.181 Finding # 2022-001: Section 811 Capital Advance Program ? CFDA No. 14.181 Condition - Noncompliance with Capital Advance Program Regulatory Agreement Section 5(c) which requires deposit of residual receipts within sixty days after year end. The June 30, 2021 residual receipts amount of $35,342 was required to be deposited within sixty days after year end, August 29, 2021. This amount was deposited in two payments of $7,825.57 on September 30, 2021 and $27,516.46 on December 20, 2022. Both payments are considered late. Criteria ? Capital Advance Program Regulatory Agreement Section 5(c) states that within sixty days after the end of each year, residual receipts realized from the operation of the mortgaged property shall be deposited into a separate residual receipts account. Effect ? Violation of Capital Advance Program Regulatory Agreement Section 5(c). Cause ? Management incorrectly calculated the required residual receipt amount. Recommendation ? Management should strengthen controls to ensure detection of errors in the calculation of the amount to be deposited to the residual receipts account and to ensure the deposit is made within the time period required.
Finding # 2022-001: Section 811 Capital Advance Program ? CFDA No. 14.181 Stroud Manor, Inc. agrees with the finding. Stroud Manor, Inc. has deposited the amounts considered late and owed to the residual receipts account. $7,825.57 was deposited on August 29, 2021, and $27,516.46 was deposited on December 20, 2022. The deposit made on December 20, 2022 in the amount of $27,516.46 is considered the completion date. The corrective action planned is putting controls in place to ensure detection of errors in the calculation of the amount to be deposited to the residual receipts account and to ensure the deposit is made within the time period required. Peter Borling is the finance director and the contact person responsible for the audit findings.
2021-001
FAC accepted this audit on October 25, 2022 — management decision was due April 25, 2023.
Federal Award Findings and Questioned Costs Section 811 Capital Advance Program ? CFDA No. 14.181 Finding # 2021-001: Section 811 Capital Advance Program ? CFDA No. 14.181 Condition - Noncompliance with Capital Advance Program Regulatory Agreement Section 5(c) which requires deposit of residual receipts within sixty days after year end. The June 30, 2020 residual receipts amount of $18,633 was required to be deposited within sixty days after year end, August 29, 2020. This amount was deposited in three payments of $18,414 on August 17, 2020, $14 on October 28, 2020, and $205 on January 15, 2021. The $14 and $205 payments are considered late. Criteria ? Capital Advance Program Regulatory Agreement Section 5(c) states that within sixty days after the end of each year, residual receipts realized from the operation of the mortgaged property shall be deposited into a separate residual receipts account. Effect ? Violation of Capital Advance Program Regulatory Agreement Section 5(c). Cause ? Insufficient funds at the time of the sixty-day requirement. Recommendation ? Management should strengthen controls to ensue detection of errors and the accumulation of sufficient funds to pay the residual receipts amount when required.
Show full finding ▾Hide full finding ▴Federal Award Findings and Questioned Costs Section 811 Capital Advance Program ? CFDA No. 14.181 Finding # 2021-001: Section 811 Capital Advance Program ? CFDA No. 14.181 Condition - Noncompliance with Capital Advance Program Regulatory Agreement Section 5(c) which requires deposit of residual receipts within sixty days after year end. The June 30, 2020 residual receipts amount of $18,633 was required to be deposited within sixty days after year end, August 29, 2020. This amount was deposited in three payments of $18,414 on August 17, 2020, $14 on October 28, 2020, and $205 on January 15, 2021. The $14 and $205 payments are considered late. Criteria ? Capital Advance Program Regulatory Agreement Section 5(c) states that within sixty days after the end of each year, residual receipts realized from the operation of the mortgaged property shall be deposited into a separate residual receipts account. Effect ? Violation of Capital Advance Program Regulatory Agreement Section 5(c). Cause ? Insufficient funds at the time of the sixty-day requirement. Recommendation ? Management should strengthen controls to ensue detection of errors and the accumulation of sufficient funds to pay the residual receipts amount when required.
Management should strengthen controls to ensue detection of errors and the accumulation of sufficient funds to pay the residual receipts amount when required.
FAC accepted this audit on October 17, 2018 — management decision was due April 17, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2017-002
FAC accepted this audit on February 7, 2018 — management decision was due August 7, 2018.
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴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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