EIN: 470913445
UEI: E15NFNW1EBJ9
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 16, 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 July 16, 2026 (43 days ago).
What is a management decision? →Criteria: The Corporation should ensure internal controls surrounding expenditure requisitions are followed by staff to ensure accruals of expenditures are timely recorded. Condition and Context: The property manager did not timely submit expenditure requisitions to the business office and authorized expenditures prior to receiving authorization. Upon receipt of the invoices for the expenditures, the business office reviewed and challenged the costs resulting in delayed recording of accruals and expenditures in the wrong period. Effect: Expenses of $2,469 were recorded in the wrong period. Cause: Property manager not following policies and procedures and untimely invoicing by the vendors. Recommendation: The business office should continuously train and enforce policies and procedures to ensure internal controls are followed by staff throughout the organization.
Show full finding ▾Hide full finding ▴Criteria: The Corporation should ensure internal controls surrounding expenditure requisitions are followed by staff to ensure accruals of expenditures are timely recorded. Condition and Context: The property manager did not timely submit expenditure requisitions to the business office and authorized expenditures prior to receiving authorization. Upon receipt of the invoices for the expenditures, the business office reviewed and challenged the costs resulting in delayed recording of accruals and expenditures in the wrong period. Effect: Expenses of $2,469 were recorded in the wrong period. Cause: Property manager not following policies and procedures and untimely invoicing by the vendors. Recommendation: The business office should continuously train and enforce policies and procedures to ensure internal controls are followed by staff throughout the organization.
Views of Responsible Officials and Planned Corrective Action Plan: The Controller meets monthly with IHC management team to review financial statements along with requisitions and approvals for open Po’s/Invoices. During this time, she also reviews whether there are services rendered that were not entered as a requisition or for which we did not receive a check request. The property management team will alter how the requisitions are done. The property manager in the field will send notification to Operations Managers each time a vendor is called to perform a service at the location. The Operations Manager will enter a default requisition to alert the Business Office. This will then be in our system to validate an accrual is made and/or contact vendor or IHC staff to obtain invoices from vendor. There are some vendors who are smaller or less automated in their own processes. This sometimes creates a large gap from time service if performed to when they invoice Inglis.
FAC accepted this audit on January 6, 2025 — management decision was due July 6, 2025.
Finding 2024-001: Tenant Eligibility - Material Weakness - Material Noncompliance Repeat of prior year findings: 2021-001, 2022-002, and 2023-001 Assistance Listing Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2023 - June 30, 2024 Pass-Through Entity: Not applicable Criteria: Section 811 of the National Affordable Housing Act provides funding for housing for persons with disabilities. To qualify as disabled, the household must consist of at least one person who is an adult (18 years or older) with a disability, two or more persons with disabilities living together, or a surviving household member under certain circumstances (42 USC 1437a(b)(3); 24 CFR Section 891.505). Residents must also qualify as very low-income households to be eligible (42 USC 8013). Eligibility is only determined at move-in or at initial certification except in circumstances whereas family composition changes after initial occupancy a determination must be made as to whether the remaining member of the household will be eligible to receive assistance. Eligibility requirements are found in HUD's regulations at 24 CFR Part 5. The Corporation is responsible for annually reexamining incomes of households occupying assisted units and make appropriate adjustments to the tenant payment and the project rental assistance payment (24 CFR Section 891.410). Assistance applicants shall submit signed consent forms upon initial application and at reexamination (24 CFR Section 5.230). Questioned Cost: Not determinable. Condition/Context: During our risk assessment procedures and follow-up on the prior year findings, we noted that the tenant eligibility issues that were identified in the prior years persisted. The issues affecting tenant eligibility include missing documentation to support the eligibility requirements and tenant recertification. As a result, we did not select a sample from the population for testing. Effect: Insufficient documentation of tenant eligibility and late recertifications. As a result of untimely recertifications, cash collections has been delayed by HUD causing operating cash flow deficiencies resulting in significant growth in related party balances due to the parent entity and unpaid subsidies at June 30, 2024. Cause: Lack of management oversight due to turnover. As a result, management has not been able to implement their planned corrective actions in a timely fashion. Recommendation: The Corporation should have procedures in place to ensure documentation is maintained accordance with its requirements. Views of Responsible Officials and Planned Corrective Actions: Staffing turnover limited ability for portfolio property managers to effectively manage tenant files at each building location. Historically, the management and auditing of tenant files was entirely under the process flows for property management team. The Inglis Compliance department is now sampling and reviewing tenant files to assure tenant files are accurate and audit ready at any given time. The tenant files for all entities will be current by December 2024. Inglis Housing Corporation hired new a new property management Executive Director in August 2024. Under her leadership the team has made extensive progress updating and bringing all PRACs, tenant recertifications, and tenant files into compliance. There has been in depth training for the property management team on the usage of a newly implemented property management system. All staff have or will attend external training classes for tax credit and HUD property management functions. The property management team is working on reviewing and updating all tenant files with a goal of being in compliance for the June 30, 2025 audit. Extensive process has been made as of October 2024. All of the HUD entities managed by the property management team are current through June 2024.
Show full finding ▾Hide full finding ▴Finding 2024-001: Tenant Eligibility - Material Weakness - Material Noncompliance Repeat of prior year findings: 2021-001, 2022-002, and 2023-001 Assistance Listing Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2023 - June 30, 2024 Pass-Through Entity: Not applicable Criteria: Section 811 of the National Affordable Housing Act provides funding for housing for persons with disabilities. To qualify as disabled, the household must consist of at least one person who is an adult (18 years or older) with a disability, two or more persons with disabilities living together, or a surviving household member under certain circumstances (42 USC 1437a(b)(3); 24 CFR Section 891.505). Residents must also qualify as very low-income households to be eligible (42 USC 8013). Eligibility is only determined at move-in or at initial certification except in circumstances whereas family composition changes after initial occupancy a determination must be made as to whether the remaining member of the household will be eligible to receive assistance. Eligibility requirements are found in HUD's regulations at 24 CFR Part 5. The Corporation is responsible for annually reexamining incomes of households occupying assisted units and make appropriate adjustments to the tenant payment and the project rental assistance payment (24 CFR Section 891.410). Assistance applicants shall submit signed consent forms upon initial application and at reexamination (24 CFR Section 5.230). Questioned Cost: Not determinable. Condition/Context: During our risk assessment procedures and follow-up on the prior year findings, we noted that the tenant eligibility issues that were identified in the prior years persisted. The issues affecting tenant eligibility include missing documentation to support the eligibility requirements and tenant recertification. As a result, we did not select a sample from the population for testing. Effect: Insufficient documentation of tenant eligibility and late recertifications. As a result of untimely recertifications, cash collections has been delayed by HUD causing operating cash flow deficiencies resulting in significant growth in related party balances due to the parent entity and unpaid subsidies at June 30, 2024. Cause: Lack of management oversight due to turnover. As a result, management has not been able to implement their planned corrective actions in a timely fashion. Recommendation: The Corporation should have procedures in place to ensure documentation is maintained accordance with its requirements. Views of Responsible Officials and Planned Corrective Actions: Staffing turnover limited ability for portfolio property managers to effectively manage tenant files at each building location. Historically, the management and auditing of tenant files was entirely under the process flows for property management team. The Inglis Compliance department is now sampling and reviewing tenant files to assure tenant files are accurate and audit ready at any given time. The tenant files for all entities will be current by December 2024. Inglis Housing Corporation hired new a new property management Executive Director in August 2024. Under her leadership the team has made extensive progress updating and bringing all PRACs, tenant recertifications, and tenant files into compliance. There has been in depth training for the property management team on the usage of a newly implemented property management system. All staff have or will attend external training classes for tax credit and HUD property management functions. The property management team is working on reviewing and updating all tenant files with a goal of being in compliance for the June 30, 2025 audit. Extensive process has been made as of October 2024. All of the HUD entities managed by the property management team are current through June 2024.
Views of Responsible Officials and Planned Corrective Actions: Staffing turnover limited ability for portfolio property managers to effectively manage tenant files at each building location. Historically, the management and auditing of tenant files was entirely under the process flows for property management team. The Inglis Compliance department is now sampling and reviewing tenant files to assure tenant files are accurate and audit ready at any given time. The tenant files for all entities will be current by December 2024. Inglis Housing Corporation hired new a new property management Executive Director in August 2024. Under her leadership the team has made extensive progress updating and bringing all PRACs, tenant recertifications, and tenant files into compliance. There has been in depth training for the property management team on the usage of a newly implemented property management system. All staff have or will attend external training classes for tax credit and HUD property management functions. The property management team is working on reviewing and updating all tenant files with a goal of being in compliance for the June 30, 2025 audit. Extensive process has been made as of October 2024. All of the HUD entities managed by the property management team are current through June 2024.
2023-001
FAC accepted this audit on June 5, 2023 — management decision was due December 5, 2023.
Finding 2022-002: Tenant Eligibility - Material Weakness Repeat of prior year finding 2021-01 Assistance Listing Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2021 - June 30, 2022 Pass-Through Entity: Not applicable Criteria: Section 811 of the National Affordable Housing Act provides funding for housing for persons with disabilities. To qualify as disabled, the household must consist of at least one person who is an adult (18 years or older) with a disability, two or more persons with disabilities living together, or a surviving household member under certain circumstances (42 USC 1437a(b)(3); 24 CFR section 891.505). Residents must also qualify as very low-income households to be eligible (42 USC 8013). Eligibility is only determined at move-in or at initial certification except in circumstances whereas family composition changes after initial occupancy a determination must be made as to whether the remaining member of the household will be eligible to receive assistance. Eligibility requirements are found in HUD?s regulations at 24 CFR Part 5. The Corporation is responsible for annually reexamining incomes of households occupying assisted units and make appropriate adjustments to the tenant payment and the project rental assistance payment (24 CFR section 891.410). Assistance applicants shall submit signed consent forms upon initial application and at reexamination (24 CFR section 5.230). Questioned Cost: None. Condition/Context: We identified a lack of review and maintenance of tenant file documentation for eligibility requirements including documentation of asset verification, support for medical expenses, signed and dated HUD form 50059, signed form 9887 and 9887A, documentation of move-out inspections, return of the security deposits, a current signed lease agreement and dating of signatures. There was missing documentation in two of the tenant files selected for the above required information. Our population included all tenants. Our sample included two tenant files. This was not a statistically valid sample. Cause: Lack of management oversight due to turnover. Effect: Two of two tenant files reviewed were missing required support as indicated above. Recommendation: The Corporation should have procedures in place to ensure documentation is maintained accordance with its requirements.
Show full finding ▾Hide full finding ▴Finding 2022-002: Tenant Eligibility - Material Weakness Repeat of prior year finding 2021-01 Assistance Listing Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2021 - June 30, 2022 Pass-Through Entity: Not applicable Criteria: Section 811 of the National Affordable Housing Act provides funding for housing for persons with disabilities. To qualify as disabled, the household must consist of at least one person who is an adult (18 years or older) with a disability, two or more persons with disabilities living together, or a surviving household member under certain circumstances (42 USC 1437a(b)(3); 24 CFR section 891.505). Residents must also qualify as very low-income households to be eligible (42 USC 8013). Eligibility is only determined at move-in or at initial certification except in circumstances whereas family composition changes after initial occupancy a determination must be made as to whether the remaining member of the household will be eligible to receive assistance. Eligibility requirements are found in HUD?s regulations at 24 CFR Part 5. The Corporation is responsible for annually reexamining incomes of households occupying assisted units and make appropriate adjustments to the tenant payment and the project rental assistance payment (24 CFR section 891.410). Assistance applicants shall submit signed consent forms upon initial application and at reexamination (24 CFR section 5.230). Questioned Cost: None. Condition/Context: We identified a lack of review and maintenance of tenant file documentation for eligibility requirements including documentation of asset verification, support for medical expenses, signed and dated HUD form 50059, signed form 9887 and 9887A, documentation of move-out inspections, return of the security deposits, a current signed lease agreement and dating of signatures. There was missing documentation in two of the tenant files selected for the above required information. Our population included all tenants. Our sample included two tenant files. This was not a statistically valid sample. Cause: Lack of management oversight due to turnover. Effect: Two of two tenant files reviewed were missing required support as indicated above. Recommendation: The Corporation should have procedures in place to ensure documentation is maintained accordance with its requirements.
Views of Responsible Officials and Planned Corrective Actions: Staffing turnover limited ability for portfolio property managers to effectively manage tenant files at each building location. Inglis has contracted with an external expert regarding implementation and process training for Yardi, the new property management system. Once fully implemented there are several key internal controls within the system that will alert property management team to tenant issues regarding rent and recertifications. All of the itemized items listed as findings are part the tenant life cycle record in the property management system Inglis is implementing.
2021-001
FAC accepted this audit on October 26, 2021 — management decision was due April 26, 2022.
Finding 2021-001 - Tenant Eligibility, Supporting Documentation CFDA Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2020 - June 30, 2021 Pass-Through Entity: Not applicable Criteria: The Corporation is required to maintain documentation of asset and income verification, support for medical expenses, and a current signed lease agreement. Questioned Cost: None. Condition/Context: There was missing documentation in one of the tenant files selected for the above required information. Our population included all tenants. Our sample included two tenant files. This was not a statistically valid sample. Cause: Lack of management oversight due to turnover. Effect: One of two tenant files reviewed were missing required support as indicated above. Recommendation: The Corporation should have procedures in place to ensure documentation is maintained accordance with its requirements. Views of Responsible Officials and Planned Corrective Actions: Inglis Housing Corporation has experienced a high rate of turnover in the property management and administrative support roles over the last two years. To address the adverse impact on operations and compliance functions, management has taken the below steps to mitigate the impact of turnover. ? Added a third property manager role to reduce workload in each portfolio. This will help each property manager to be more responsive and increase attention to detail for tenant files. ? Added a regional property manager to support the Director of Inglis Housing Corporation. The role will help with compliance functions and to increase training and support for property managers. ? Implemented a new tenant management system (Yardi) which has more capabilities and will allow management to better understand operations and manage tenant files. ? Created a check list to verify all tenant related files have been obtained and are up to date.
Show full finding ▾Hide full finding ▴Finding 2021-001 - Tenant Eligibility, Supporting Documentation CFDA Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2020 - June 30, 2021 Pass-Through Entity: Not applicable Criteria: The Corporation is required to maintain documentation of asset and income verification, support for medical expenses, and a current signed lease agreement. Questioned Cost: None. Condition/Context: There was missing documentation in one of the tenant files selected for the above required information. Our population included all tenants. Our sample included two tenant files. This was not a statistically valid sample. Cause: Lack of management oversight due to turnover. Effect: One of two tenant files reviewed were missing required support as indicated above. Recommendation: The Corporation should have procedures in place to ensure documentation is maintained accordance with its requirements. Views of Responsible Officials and Planned Corrective Actions: Inglis Housing Corporation has experienced a high rate of turnover in the property management and administrative support roles over the last two years. To address the adverse impact on operations and compliance functions, management has taken the below steps to mitigate the impact of turnover. ? Added a third property manager role to reduce workload in each portfolio. This will help each property manager to be more responsive and increase attention to detail for tenant files. ? Added a regional property manager to support the Director of Inglis Housing Corporation. The role will help with compliance functions and to increase training and support for property managers. ? Implemented a new tenant management system (Yardi) which has more capabilities and will allow management to better understand operations and manage tenant files. ? Created a check list to verify all tenant related files have been obtained and are up to date.
Views of Responsible Officials and Planned Corrective Actions: Inglis Housing Corporation has experienced a high rate of turnover in the property management and administrative support roles over the last two years. To address the adverse impact on operations and compliance functions, management has taken the below steps to mitigate the impact of turnover. ? Added a third property manager role to reduce workload in each portfolio. This will help each property manager to be more responsive and increase attention to detail for tenant files. ? Added a regional property manager to support the Director of Inglis Housing Corporation. The role will help with compliance functions and to increase training and support for property managers. ? Implemented a new tenant management system (Yardi) which has more capabilities and will allow management to better understand operations and manage tenant files. ? Created a check list to verify all tenant related files have been obtained and are up to date. The name(s) of the contact person(s) responsible for corrective action: Ben Laudermilch, VP/Executive Director, Inglis Housing Corporation The anticipated completion date: September 2021
Finding 2021-002 - Tenant Eligibility, Timeliness of Recertifications CFDA Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2020 - June 30, 2021 Pass-Through Entity: Not applicable Criteria: The Corporation must complete timely tenant recertifications by the tenant anniversary date. Questioned Cost: N/A Condition/Context: One tenant file selected had a certification completed after the anniversary date. Our population included all tenants. Our sample included two tenant files. This was not a statistically valid sample. Cause: Lack of management oversight due to turnover. Effect: One of two tenant files reviewed had a recertification completed after the anniversary date. Recommendation: The Corporation should have procedures in place to ensure tenant recertifications are completed timely. Views of Responsible Officials and Planned Corrective Actions: Inglis Housing Corporation has experienced a high rate of turnover in the property management and administrative support roles over the last two years. To address the adverse impact on operations and compliance functions, management has taken the below steps to mitigate the impact of turnover. ? Added a third property manager role to reduce workload in each portfolio. This will help each property manager to be more responsive and increase attention to detail for tenant files. ? Added a regional property manager to support the Director of Inglis Housing Corporation. The role will help with compliance functions and to increase training and support for property managers. ? Implemented a new tenant management system (Yardi) which has more capabilities and will allow management to better understand operations and manage tenant files. ? Created a check list to verify all tenant related files have been obtained and are up to date.
Show full finding ▾Hide full finding ▴Finding 2021-002 - Tenant Eligibility, Timeliness of Recertifications CFDA Number: 14.181 Federal Agency: U.S. Department of Housing and Urban Development Federal Award Number: Not applicable Federal Award Year: July 1, 2020 - June 30, 2021 Pass-Through Entity: Not applicable Criteria: The Corporation must complete timely tenant recertifications by the tenant anniversary date. Questioned Cost: N/A Condition/Context: One tenant file selected had a certification completed after the anniversary date. Our population included all tenants. Our sample included two tenant files. This was not a statistically valid sample. Cause: Lack of management oversight due to turnover. Effect: One of two tenant files reviewed had a recertification completed after the anniversary date. Recommendation: The Corporation should have procedures in place to ensure tenant recertifications are completed timely. Views of Responsible Officials and Planned Corrective Actions: Inglis Housing Corporation has experienced a high rate of turnover in the property management and administrative support roles over the last two years. To address the adverse impact on operations and compliance functions, management has taken the below steps to mitigate the impact of turnover. ? Added a third property manager role to reduce workload in each portfolio. This will help each property manager to be more responsive and increase attention to detail for tenant files. ? Added a regional property manager to support the Director of Inglis Housing Corporation. The role will help with compliance functions and to increase training and support for property managers. ? Implemented a new tenant management system (Yardi) which has more capabilities and will allow management to better understand operations and manage tenant files. ? Created a check list to verify all tenant related files have been obtained and are up to date.
Views of Responsible Officials and Planned Corrective Actions: Inglis Housing Corporation has experienced a high rate of turnover in the property management and administrative support roles over the last two years. To address the adverse impact on operations and compliance functions, management has taken the below steps to mitigate the impact of turnover. ? Added a third property manager role to reduce workload in each portfolio. This will help each property manager to be more responsive and increase attention to detail for tenant files. ? Added a regional property manager to support the Director of Inglis Housing Corporation. The role will help with compliance functions and to increase training and support for property managers. ? Implemented a new tenant management system (Yardi) which has more capabilities and will allow management to better understand operations and manage tenant files. ? Created a check list to verify all tenant related files have been obtained and are up to date. The name(s) of the contact person(s) responsible for corrective action: Ben Laudermilch, VP/Executive Director, Inglis Housing Corporation The anticipated completion date: September 2021
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