EIN: 460392944
UEI: GSA_MIGRATION
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 6, 2022. 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 6, 2022 (1421 days ago).
What is a management decision? →Our testing of the use of Project funds detected two instances where an employee?s timesheet was not approved. Cause: There was a lapse in oversight of the internal control process designed to ensure timesheets are properly approved. Effect: Lack of compliance with designed internal controls over use of Project funds could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: $0 Context/Sampling: A nonstatistical sample of 60 of the Project?s 429 disbursements ($35,464 of $223,205 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: Yes Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of established review and monitoring processes. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Show full finding ▾Hide full finding ▴2021-001 U.S. Department of Housing and Urban Development Federal Financial Assistance Listing #14.155 Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Special Tests and Provisions: Use of Project Funds Significant Deficiency in Internal Control over Compliance Criteria: 2 CRF 200.303(a) establishes that the auditee must establish and maintain effective internal control over the federal award that provides assurance that the entity is managing the federal award in compliance with federal statutes, regulations, and the terms and conditions of the federal award. Condition: Our testing of the use of Project funds detected two instances where an employee?s timesheet was not approved. Cause: There was a lapse in oversight of the internal control process designed to ensure timesheets are properly approved. Effect: Lack of compliance with designed internal controls over use of Project funds could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: $0 Context/Sampling: A nonstatistical sample of 60 of the Project?s 429 disbursements ($35,464 of $223,205 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: Yes Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of established review and monitoring processes. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Finding 2021-001 Federal Agency Name: U.S. Department of Housing and Urban Development Program Name: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects ? Section 223f Federal Financial Assistance Listing #14.155 Finding Summary: The Project?s internal control process requires approval of timesheets and there were two instances where an employee?s timesheet was not approved. Responsible Individuals: Lana Walter, Manager, Regional Affordable Housing and Matt Sieler, Supervisor Accounting Corrective Action Plan: We will review our procedures with applicable employees to ensure compliance with designed controls. Anticipated Correction Date: December 21, 2021
2020-002
Our testing of tenant files identified the following exceptions which affected two tenant files: One instance where the property manager and tenant signed HUD Form 50059 after the effective date of the annual recertification. One instance where the savings account balance reported on HUD Form 50059 did not agree to supporting documentation. One instance where the checking account balance was not calculated based on the six-month average balance. One instance where the interest income from assets was not calculated properly based on supporting documentation. Cause: There was a lapse in the internal control process for maintaining tenant files within compliance requirements. Effect: Lack of compliance with designed internal controls over tenant files could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: None reported Context/Sampling: A nonstatistical sample of six tenant files out of the Project?s 24 total tenants residing in the Project during the year, including move-in and move-out residents, was selected for testing. Repeat Finding from Prior Year: Yes Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of following regulations regarding the maintenance of tenant files. Form 50059 should be updated, as needed. Views of Responsible Officials: Management agrees with the finding and recommendation.
Show full finding ▾Hide full finding ▴2021-002 U.S. Department of Housing and Urban Development Federal Financial Assistance Listing #14.155 Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Eligibility Significant Deficiency in Internal Control over Compliance Criteria: 2 CRF 200.303(a) establishes that the auditee must establish and maintain effective internal control over the federal award that provides assurance that the entity is managing the federal award in compliance with federal statutes, regulations, and the terms and conditions of the federal award. Condition: Our testing of tenant files identified the following exceptions which affected two tenant files: One instance where the property manager and tenant signed HUD Form 50059 after the effective date of the annual recertification. One instance where the savings account balance reported on HUD Form 50059 did not agree to supporting documentation. One instance where the checking account balance was not calculated based on the six-month average balance. One instance where the interest income from assets was not calculated properly based on supporting documentation. Cause: There was a lapse in the internal control process for maintaining tenant files within compliance requirements. Effect: Lack of compliance with designed internal controls over tenant files could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: None reported Context/Sampling: A nonstatistical sample of six tenant files out of the Project?s 24 total tenants residing in the Project during the year, including move-in and move-out residents, was selected for testing. Repeat Finding from Prior Year: Yes Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of following regulations regarding the maintenance of tenant files. Form 50059 should be updated, as needed. Views of Responsible Officials: Management agrees with the finding and recommendation.
Finding 2021-002 Federal Agency Name: U.S. Department of Housing and Urban Development Program Name: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects ? Section 223f Federal Financial Assistance Listing #14.155 Finding Summary: Tenant file testing identified exceptions that affected two tenant files, Form 50059 was signed after the effective date of annual recertification, savings account balance reported did not agree, checking account balance was not calculated based on six-month average, and interest income from assets was not calculated properly based on supporting documentation. Responsible Individuals: Lana Walter, Manager, Regional Affordable Housing Corrective Action Plan: We will review our procedures with applicable employees to ensure compliance with designed controls. Anticipated Correction Date: December 21, 2021
2020-003
FAC accepted this audit on April 22, 2021 — management decision was due October 22, 2021.
Our testing of disbursements detected one instance where an intercompany disbursement was not supported with an invoice or receipt. In addition, the allocation percentage used to bill the Project for the property manager?s payroll expenses was not properly supported. Cause: There was a lapse in the internal control process ensuring disbursements of the Project?s funds are supported. Effect: Lack of compliance with designed internal controls over use of Project funds could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: $9 Context/Sampling: A nonstatistical sample of 60 of the Project?s 340 disbursements ($41,564 of $221,481 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of review and monitoring processes. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Show full finding ▾Hide full finding ▴2020-002 U.S. Department of Housing and Urban Development Federal Financial Assistance Listing #14.155 Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Special Tests and Provisions: Use of Project Funds Material Weakness in Internal Control over Compliance Criteria: The Project is required to have documentation to support disbursement of the Project?s funds. Condition: Our testing of disbursements detected one instance where an intercompany disbursement was not supported with an invoice or receipt. In addition, the allocation percentage used to bill the Project for the property manager?s payroll expenses was not properly supported. Cause: There was a lapse in the internal control process ensuring disbursements of the Project?s funds are supported. Effect: Lack of compliance with designed internal controls over use of Project funds could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: $9 Context/Sampling: A nonstatistical sample of 60 of the Project?s 340 disbursements ($41,564 of $221,481 total disbursements), including payroll and non-payroll, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of review and monitoring processes. Views of Responsible Officials: Management agrees with the finding and the recommendation.
Finding 2020-002 Federal Agency Name: U.S. Department of Housing and Urban Development Program Name: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects (Section 223f) Federal Financial Assistance Listing #14.155 Finding Summary: The Project is required to have documentation to support disbursement of the Project's funds. The auditors detected one instance where an intercompany disbursement was not supported with an invoice or receipt. In addition, the allocation percentage used to bill the Project for the property manager's payroll expenses was not properly supported. Responsible Individuals: Susan Beaman, Director, Accounting and Lana Walters, Regional Property Manager Corrective Action Plan: We will review our procedures with applicable employees to ensure compliance with designed controls. Anticipated Completion Date: June 30, 2021
Our testing of tenant files identified one file where medical expenses were not properly verified with a third-party and the property manager and tenant signed HUD Form 50059 after the effective date. Cause: There was a lapse in the internal control process for maintaining tenant files within compliance requirements. Effect: Lack of compliance with designed internal controls over tenant files could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: None reported Context/Sampling: A nonstatistical sample of six tenant files out of the Project?s 26 total tenants residing in the Project during the year, including move-in and move-out residents, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of following regulations regarding the maintenance of tenant files. Form 50059 should be updated, as needed. Views of Responsible Officials: Management agrees with the finding and recommendation.
Show full finding ▾Hide full finding ▴2020-003 U.S. Department of Housing and Urban Development Federal Financial Assistance Listing #14.155 Section 223(f) Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects Eligibility Significant Deficiency in Internal Control over Compliance Criteria: The Project is required to maintain tenant files in accordance with HUD requirements and have documentation to support the amounts reported on HUD Form 50059. Condition: Our testing of tenant files identified one file where medical expenses were not properly verified with a third-party and the property manager and tenant signed HUD Form 50059 after the effective date. Cause: There was a lapse in the internal control process for maintaining tenant files within compliance requirements. Effect: Lack of compliance with designed internal controls over tenant files could adversely affect the Project?s compliance with HUD regulations. Questioned Costs: None reported Context/Sampling: A nonstatistical sample of six tenant files out of the Project?s 26 total tenants residing in the Project during the year, including move-in and move-out residents, was selected for testing. Repeat Finding from Prior Year: No Recommendation: We recommend the Project review policies and procedures with applicable employees and remind them of the importance of following regulations regarding the maintenance of tenant files. Form 50059 should be updated, as needed. Views of Responsible Officials: Management agrees with the finding and recommendation.
Finding 2020-003 Federal Agency Name: U.S. Department of Housing and Urban Development Program Name: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects (Section 223t) Federal Financial Assistance Listing # 14.155 Finding Summary: The Project is required to maintain tenant files in accordance with HUD requirements and have documentation to support the amounts reported on HUD Form 50059. The auditors identified one file where medical expenses were not properly verified with a third-party and the property manager and tenant signed HUD Form 50059 after the effective date. Responsible Individuals: Lana Walter, Regional Property Manager Corrective Action Plan: We will review our current procedures with applicable employees to ensure compliance with designed control over tenant files. We will update the incorrect Form 50059, and if applicable, the corresponding assistance payments will be adjusted on the property's voucher. Anticipated Completion Date: June 30, 2021
FAC accepted this audit on April 21, 2019 — management decision was due October 21, 2019.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on April 24, 2018 — management decision was due October 24, 2018.
GSA_MIGRATION
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GSA_MIGRATION
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