EIN: 470609108
UEI: N8REGPNB4LE3
Audited by: Core CPAs
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 7, 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 7, 2026 (145 days ago).
What is a management decision? →Due to an administrative error, too much was distributed from the replacement reserve in 2019. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2024. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-003. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2024-003: Significant Deficiency in Internal Control over Compliance – 2019 Replacement Reserve Drawdowns Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $3,300 Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2019. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2024. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-003. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2024-003 Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation. The Project will repay the nonprofit sponsor’s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2025.
2023-003
Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $1,500 at June 30, 2024. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-004. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2024-004: Significant Deficiency in Internal Control over Compliance – 2020 Replacement Reserve Drawdowns Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $1,500 Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $1,500 at June 30, 2024. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-004. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2024-004 Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation. The Project will repay the nonprofit sponsor’s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2025.
2023-004
The replacement reserve is underfunded at June 30, 2024. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. HUD is requesting the debt service savings from December 1, 2012 until August 31, 2019 be placed in the reserve for replacement account. The Project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2024. Recommendation: The Project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to get the past debt service saving deposit requirement suspended permanently. Auditee Response/Corrective Action Plan: Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-005. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2024-005: Significant Deficiency in Internal Control over Compliance – Replacement Reserve Funding Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $291,545 Information on Universe Population Size: Monthly replacement reserve deposits. Sample Size Information: 12 monthly payments. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Condition: The replacement reserve is underfunded at June 30, 2024. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. HUD is requesting the debt service savings from December 1, 2012 until August 31, 2019 be placed in the reserve for replacement account. The Project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2024. Recommendation: The Project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to get the past debt service saving deposit requirement suspended permanently. Auditee Response/Corrective Action Plan: Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-005. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2024-005 Due to the financial situation the Project is in at June 30, 2024, making this deposit is impossible. HUD has agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently. If management is successful in negotiations with HUD, the anticipated completion date is June 30, 2025.
2023-005
Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Project. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2024. Recommendation: Due to cash flow constraints, the Project was not able to repay the replacement reserve for the duplicate release. The Project will repay the replacement reserve when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the replacement reserve when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-006. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2024-006: Significant Deficiency in Internal Control over Compliance – 2021 Replacement Reserve Drawdowns Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $7,486 Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Project. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2024. Recommendation: Due to cash flow constraints, the Project was not able to repay the replacement reserve for the duplicate release. The Project will repay the replacement reserve when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the replacement reserve when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2023-006. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2024-006 Due to cash flow constraints, the Project was not able to repay the replacement reserve. The Project will repay the replacement reserve when cash is available. If cash becomes available, the anticipated completion date is June 30, 2025.
2023-006
FAC accepted this audit on October 7, 2025 — management decision was due April 7, 2026.
Due to an administrative error, too much was distributed from the replacement reserve in 2019. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2023. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-003. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2023-003: Significant Deficiency in Internal Control over Compliance – 2019 Replacement Reserve Drawdowns Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $3,300 Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2019. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2023. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-003. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2023-003 Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation. The Project will repay the nonprofit sponsor’s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2024.
2022-003
Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $1,500 at June 30, 2023. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-004. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2023-004: Significant Deficiency in Internal Control over Compliance – 2020 Replacement Reserve Drawdowns Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $1,500 Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor’s foundation on the Project’s behalf. Effect or Potential Effect: The replacement reserve is underfunded by $1,500 at June 30, 2023. Recommendation: Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation for the submitted invoice paid on the Project’s behalf. The Project will repay the nonprofit sponsor’s foundation when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the nonprofit sponsor’s foundation when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-004. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2023-004 Due to cash flow constraints, the Project was not able to repay the nonprofit sponsor’s foundation. The Project will repay the nonprofit sponsor’s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2024.
2022-004
The replacement reserve is underfunded at June 30, 2023. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. HUD is requesting the debt service savings from December 1, 2012 until August 31, 2019 be placed in the reserve for replacement account. The Project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2023. Recommendation: The Project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to get the past debt service saving deposit requirement suspended permanently. Auditee Response/Corrective Action Plan: Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-005. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2023-005: Significant Deficiency in Internal Control over Compliance – Replacement Reserve Funding Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $291,545 Information on Universe Population Size: Monthly replacement reserve deposits. Sample Size Information: 12 monthly payments. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Condition: The replacement reserve is underfunded at June 30, 2023. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. HUD is requesting the debt service savings from December 1, 2012 until August 31, 2019 be placed in the reserve for replacement account. The Project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2023. Recommendation: The Project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to get the past debt service saving deposit requirement suspended permanently. Auditee Response/Corrective Action Plan: Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-005. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2023-005 Due to the financial situation the Project is in at June 30, 2023, making this deposit is impossible. HUD has agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently. If management is successful in negotiations with HUD, the anticipated completion date is June 30, 2024.
2022-005
Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Project. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2023. Recommendation: Due to cash flow constraints, the Project was not able to repay the replacement reserve for the duplicate release. The Project will repay the replacement reserve when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the replacement reserve when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-006. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Show full finding ▾Hide full finding ▴FINDING 2023-006: Significant Deficiency in Internal Control over Compliance – 2021 Replacement Reserve Drawdowns Federal Program: ALN 14.157 – Supportive Services for the Elderly (Section 202) Pass-Through Entity: U.S. Department of Housing and Urban Development Award Number: N/A Compliance Requirement: N – Special Tests and Provisions Type of Finding: Significant Deficiency in Internal Control over Compliance Questioned Costs: $7,486 Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2020. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Project. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2023. Recommendation: Due to cash flow constraints, the Project was not able to repay the replacement reserve for the duplicate release. The Project will repay the replacement reserve when cash is available. Auditee Response/Corrective Action Plan: Management agrees with the finding. The Project will repay the replacement reserve when cash is available. Repeat Finding: This is a repeat finding. The prior year finding reference number was 2022-006. Planned Implementation Date: There is not an anticipated completion date. Person Responsible for Corrective Action: Manager
Finding 2023-006 Due to cash flow constraints, the Project was not able to repay the replacement reserve. The Project will repay the replacement reserve when cash is available. If cash becomes available, the anticipated completion date is June 30, 2024.
2022-006
FAC accepted this audit on October 12, 2022 — management decision was due April 12, 2023.
Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2022. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $3,300 Repeat Finding: This is a repeat finding. The prior year finding reference number was 2021-003. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2022. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2019. The Company should repay the nonprofit sponsor?s foundation $3,300. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation. The Company will repay the nonprofit sponsor?s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2023. Terry Burns is the auditee official responsible for completing this task.
2021-003
Due to an administrative error, too much was distributed from the replacement reserve in 2020. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $1,500 at June 30, 2022. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $1,500 Repeat Finding: This is a repeat finding. The prior year finding reference numbers was 2021-004. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2020. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $1,500 at June 30, 2022. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2020. The Company should repay the nonprofit sponsor?s foundation $1,500. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation. The Company will repay the nonprofit sponsor?s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2023. Terry Burns is the auditee official responsible for completing this task.
2021-004
The replacement reserve is underfunded at June 30, 2022. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2022. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. HUD is requesting the debt service savings from December 1, 2012 until August 31, 2019 be placed in the reserve for replacement account. The project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to get the past debt service saving deposit requirement suspended permanently. Reporting Views of Responsible Officials: Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently.
Show full finding ▾Hide full finding ▴Questioned Costs: $291,545 Repeat Finding: This is a repeat finding. The prior year finding reference number was 2021-005. Information on Universe Population Size: Monthly replacement reserve deposits. Sample Size Information: 12 monthly payments. Condition: The replacement reserve is underfunded at June 30, 2022. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2022. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. HUD is requesting the debt service savings from December 1, 2012 until August 31, 2019 be placed in the reserve for replacement account. The project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to get the past debt service saving deposit requirement suspended permanently. Reporting Views of Responsible Officials: Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently.
a. Comments on the Finding and Each Recommendation - The replacement reserve is underfunded at June 30, 2022. The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to suspend the debt service savings deposit. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to the financial situation the Company is in at June 30, 2022, making this deposit is impossible. HUD has agreed to suspend the monthly required debt service savings deposit effective September 1, 2019. Management is negotiating with HUD to get the past debt service saving deposit requirement suspended permanently. If management is successful in negotiations with HUD, the anticipated completion date is June 30, 2023. Terry Burns is the auditee official responsible for communicating with HUD.
2021-005
Due to an administrative error, too much was distributed from the replacement reserve in 2021. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2022. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Company. Recommendation: Due to cash flow constraints, the Company was not able to repay the replacement reserve for the duplicate release. The Company will repay the replacement reserve when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the replacement reserve when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $7,486 Repeat Finding: This is a repeat finding. The prior year finding reference number was 2021-006. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2021. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2022. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Company. Recommendation: Due to cash flow constraints, the Company was not able to repay the replacement reserve for the duplicate release. The Company will repay the replacement reserve when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the replacement reserve when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2021. The Company should repay the replacement reserve $7,486. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the replacement reserve. The Company will repay the replacement reserve when cash is available. If cash becomes available, the anticipated completion date is June 30, 2023. Terry Burns is the auditee official responsible for completing this task.
2021-006
FAC accepted this audit on October 12, 2021 — management decision was due April 12, 2022.
Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2021. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $3,300 Repeat Finding: This is a repeat finding. The prior year finding reference number was 2020-003. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2021. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2019. The Company should repay the nonprofit sponsor?s foundation $3,300. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation. The Company will repay the nonprofit sponsor?s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2022. Terry Burns is the auditee official responsible for completing this task.
2020-003
Due to an administrative error, too much was distributed from the replacement reserve in 2020. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $1,500 at June 30, 2021. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $1,500 Repeat Finding: This is a repeat finding. The prior year finding reference numbers was 2020-004. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2020. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $1,500 at June 30, 2021. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2020. The Company should repay the nonprofit sponsor?s foundation $1,500. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation. The Company will repay the nonprofit sponsor?s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2022. Terry Burns is the auditee official responsible for completing this task.
2020-004
The replacement reserve is underfunded at June 30, 2021. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2021. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend this requirement for one year. HUD is now requesting the debt service savings since 2012 to placed in the reserve for replacement account. The project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to suspend the debt service savings deposit. Reporting Views of Responsible Officials: Management is negotiating with HUD to suspend the debt service savings deposit.
Show full finding ▾Hide full finding ▴Questioned Costs: $291,545 Repeat Finding: This is a repeat finding. The prior year finding reference number was 2020-005. Information on Universe Population Size: Monthly replacement reserve deposits. Sample Size Information: 12 monthly payments. Condition: The replacement reserve is underfunded at June 30, 2021. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2021. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend this requirement for one year. HUD is now requesting the debt service savings since 2012 to placed in the reserve for replacement account. The project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to suspend the debt service savings deposit. Reporting Views of Responsible Officials: Management is negotiating with HUD to suspend the debt service savings deposit.
a. Comments on the Finding and Each Recommendation - The replacement reserve is underfunded at June 30, 2021. The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to suspend the debt service savings deposit. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to the financial situation the Company is in at June 30, 2021, making this deposit is impossible. Management is negotiating with HUD to suspend the debt service savings deposit. HUD has suspended the debt service savings from September 1, 2019, through August 31, 2021. Management is negotiating with HUD to suspend the debt service savings deposit permanently. If management is successful in negotiations with HUD, the anticipated completion date is June 30, 2022. Terry Burns is the auditee official responsible for communicating with HUD.
2020-005
Due to an administrative error, too much was distributed from the replacement reserve in 2021. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2021. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Company. Recommendation: Due to cash flow constraints, the Company was not able to repay the replacement reserve for the duplicate release. The Company will repay the replacement reserve when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the replacement reserve when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $7,486 Repeat Finding: This is not a repeat finding. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2021. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $7,486 at June 30, 2021. Cause: Form HUD-9250 was submitted by management. The mortgage company transferred the amount from the replacement reserve to the insurance escrow. In addition, the mortgage company issued a check to the Company. Recommendation: Due to cash flow constraints, the Company was not able to repay the replacement reserve for the duplicate release. The Company will repay the replacement reserve when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the replacement reserve when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2021. The Company should repay the replacement reserve $7,486. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the replacement reserve. The Company will repay the replacement reserve when cash is available. If cash becomes available, the anticipated completion date is June 30, 2022. Terry Burns is the auditee official responsible for completing this task.
FAC accepted this audit on October 14, 2020 — management decision was due April 14, 2021.
Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $3,300 Repeat Finding: This is a repeat finding. The prior year finding reference number was 2019-004. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2019. The Company should repay the nonprofit sponsor?s foundation $3,300. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation. The Company will repay the nonprofit sponsor?s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2021. Terry Burns is the auditee official responsible for completing this task.
2019-004
Due to an administrative error, too much was distributed from the replacement reserve in 2020. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $1,500 at June 30, 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $1,500 Repeat Finding: This is not a repeat finding. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2020. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $1,500 at June 30, 2020. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
a. Comments on the Finding and Each Recommendation - Too much was distributed from the replacement reserve in 2020. The Company should repay the nonprofit sponsor?s foundation $1,500. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation. The Company will repay the nonprofit sponsor?s foundation when cash is available. If cash becomes available, the anticipated completion date is June 30, 2021. Terry Burns is the auditee official responsible for completing this task.
The replacement reserve is underfunded at June 30, 2020. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2020. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend this requirement for one year. HUD is now requesting the debt service savings since 2012 to placed in the reserve for replacement account. The project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to suspend the debt service savings deposit. Reporting Views of Responsible Officials: Management is negotiating with HUD to suspend the debt service savings deposit.
Show full finding ▾Hide full finding ▴Questioned Costs: $291,545 Repeat Finding: This is a repeat finding. The prior year finding reference numbers were 2019-005 and 2018-003. Information on Universe Population Size: Monthly replacement reserve deposits. Sample Size Information: 12 monthly payments. Condition: The replacement reserve is underfunded at June 30, 2020. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $291,545 at June 30, 2020. Cause: When the mortgage was refinanced in 2011, the regulatory agreement required the debt service savings to be deposited into the reserve for replacements account. HUD agreed to suspend this requirement for one year. HUD is now requesting the debt service savings since 2012 to placed in the reserve for replacement account. The project has been unable to pay the debt service savings portion of the monthly replacement reserve deposits due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to suspend the debt service savings deposit. Reporting Views of Responsible Officials: Management is negotiating with HUD to suspend the debt service savings deposit.
a. Comments on the Finding and Each Recommendation - The replacement reserve is underfunded at June 30, 2020. The project should make a deposit to the replacement reserve account in the amount of $291,545 or negotiate with HUD to suspend the debt service savings deposit. Management agrees with the finding and recommendation. b. Action Planned on the Finding - Due to the financial situation the Company is in at June 30, 2020, making this deposit is impossible. Management is negotiating with HUD to suspend the debt service savings deposit. HUD has suspended the debt service savings from September 1, 2019, through August 31, 2020. Management is negotiating with HUD to suspend the debt service savings deposit permanently. If management is successful in negotiations with HUD, the anticipated completion date is June 30, 2021. Terry Burns is the auditee official responsible for communicating with HUD.
2019-005
FAC accepted this audit on January 14, 2020 — management decision was due July 14, 2020.
Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2019. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Show full finding ▾Hide full finding ▴Questioned Costs: $3,300 Repeat Finding: This is not a repeat finding. Condition: Due to an administrative error, too much was distributed from the replacement reserve in 2019. Criteria: All releases from the replacement reserve should be for qualified expenses and should be approved by HUD. Effect or Potential Effect: The replacement reserve is underfunded by $3,300 at June 30, 2019. Cause: An invoice was submitted by management, but was paid by the nonprofit sponsor?s foundation on the Company?s behalf. Recommendation: Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor?s foundation for the submitted invoice paid on the Company?s behalf. The Company will repay the nonprofit sponsor?s foundation when cash is available. Reporting Views of Responsible Officials: Management agrees with the finding. The company will repay the nonprofit sponsor?s foundation when cash is available.
Due to cash flow constraints, the Company was not able to repay the nonprofit sponsor's foundation. The Company will repay the nonprofit sponsor's foundation when cash is available.
The replacement reserve is underfunded at June 30, 2019. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $43,542 at June 30, 2019. Cause: HUD issued a change in the monthly deposit effective April 1, 2018, from $4,801 to $4,877. The project is unable to pay the debt service savings portion of this deposit due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $43,542 or negotiate with HUD to suspend the debt service savings deposit. Reporting Views of Responsible Officials: Management is negotiating with HUD to suspend the debt service savings deposit.
Show full finding ▾Hide full finding ▴Questioned Costs: $43,542 Repeat Finding: This is a repeat finding. The prior year finding reference number was 2018-003. Information on Universe Population Size: Monthly replacement reserve deposits. Sample Size Information: 12 monthly payments. Condition: The replacement reserve is underfunded at June 30, 2019. Criteria: According to the regulatory agreement, a monthly deposit must be made into the replacement reserve at an amount mandated by HUD. Effect or Potential Effect: The replacement reserve was underfunded by $43,542 at June 30, 2019. Cause: HUD issued a change in the monthly deposit effective April 1, 2018, from $4,801 to $4,877. The project is unable to pay the debt service savings portion of this deposit due to their financial situation. Recommendation: The project should make a deposit to the replacement reserve account in the amount of $43,542 or negotiate with HUD to suspend the debt service savings deposit. Reporting Views of Responsible Officials: Management is negotiating with HUD to suspend the debt service savings deposit.
Management is negotiating with HUD to suspend the debt service savings deposit.
2018-003
FAC accepted this audit on October 14, 2018 — management decision was due April 14, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on October 15, 2017 — management decision was due April 15, 2018.
FAC accepted this audit on October 18, 2016 — management decision was due April 18, 2017.
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