EIN: 474793074
UEI: LWFHCMBAP8D3
Audited by: Citrin Cooperman & Company LLP
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 June 17, 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 December 17, 2026 (107 days from today).
What is a management decision? →FAC accepted this audit on April 28, 2025 — management decision was due October 28, 2025.
FAC accepted this audit on April 17, 2024 — management decision was due October 17, 2024.
FAC accepted this audit on April 17, 2023 — management decision was due October 17, 2023.
FAC accepted this audit on April 5, 2022 — management decision was due October 5, 2022.
Reference Number (S3800-010) 2021-001 Title and Federal Assistance Listing Number of Federal Program (S3800-011) Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities ? Federal Assistance Listing Number 14.129 Type of Finding (S3800-015) FA = Federal Award Finding Finding Resolution Status (S3800-016) Resolved Information on Universe Population Size (S3800-017) N/A Sample Size Information (S3800-018) N/A Identification of Repeat Finding (S3800-019) No Criteria or Specific Requirement (S3800-020) The Organization was required to obtain approval from HUD prior to changing the collateral of the mortgage property with reducing the number of licensed nursing facility beds. Condition (S3800-030) The Organization did not obtain HUD?s approval prior to requesting and obtaining approval from the Ohio Department of Health (ODH) to reduce the licensed beds for the nursing facility during 2021. Cause (S3800-0032) As a result of the pandemic, the Organization requested a 20 licensed bed reduction from ODH for the nursing facility to reduce monthly expenses for the affiliated lessee. Reference Number (S3800-010) 2021-001 (continued) Effect or Potential Effect (S3800-033) The collateral of the mortgaged property was changed prior to HUD?s approval. Auditor Noncompliance Code (S3800-035) Z FHA/Contract Number (S3800-037) 042-22246 Questioned Cost (S3800-038 / S3800-040) N/A Reporting Views of Responsible Officials (S3800-045) Management requested approval from HUD in October 2021 and received approval from HUD in February 2022. Context (S3800-050) Compliance testing Recommendation (S3800-080) Management should adhere to its Regulatory Agreement and obtain HUD?s approval prior to taking any actions listed in the Regulatory Agreement. Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendation (S3800-090) We agree with management?s response. Response Indicator (S3800-130) Agree Completion Date (S3800-140) February 15, 2022 Management?s Response (S3800-150) Management obtained approval from HUD on February 15, 2022. Contact Person (S3800-160 / S3800-170 / S3800-180) Matthew McFarland
Show full finding ▾Hide full finding ▴Reference Number (S3800-010) 2021-001 Title and Federal Assistance Listing Number of Federal Program (S3800-011) Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities ? Federal Assistance Listing Number 14.129 Type of Finding (S3800-015) FA = Federal Award Finding Finding Resolution Status (S3800-016) Resolved Information on Universe Population Size (S3800-017) N/A Sample Size Information (S3800-018) N/A Identification of Repeat Finding (S3800-019) No Criteria or Specific Requirement (S3800-020) The Organization was required to obtain approval from HUD prior to changing the collateral of the mortgage property with reducing the number of licensed nursing facility beds. Condition (S3800-030) The Organization did not obtain HUD?s approval prior to requesting and obtaining approval from the Ohio Department of Health (ODH) to reduce the licensed beds for the nursing facility during 2021. Cause (S3800-0032) As a result of the pandemic, the Organization requested a 20 licensed bed reduction from ODH for the nursing facility to reduce monthly expenses for the affiliated lessee. Reference Number (S3800-010) 2021-001 (continued) Effect or Potential Effect (S3800-033) The collateral of the mortgaged property was changed prior to HUD?s approval. Auditor Noncompliance Code (S3800-035) Z FHA/Contract Number (S3800-037) 042-22246 Questioned Cost (S3800-038 / S3800-040) N/A Reporting Views of Responsible Officials (S3800-045) Management requested approval from HUD in October 2021 and received approval from HUD in February 2022. Context (S3800-050) Compliance testing Recommendation (S3800-080) Management should adhere to its Regulatory Agreement and obtain HUD?s approval prior to taking any actions listed in the Regulatory Agreement. Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendation (S3800-090) We agree with management?s response. Response Indicator (S3800-130) Agree Completion Date (S3800-140) February 15, 2022 Management?s Response (S3800-150) Management obtained approval from HUD on February 15, 2022. Contact Person (S3800-160 / S3800-170 / S3800-180) Matthew McFarland
CORRECTIVE ACTION PLAN March 30, 2022 U.S. Department of Housing and Urban Development BCI Real Estate Holding Company, LLC respectively submits the following corrective action plan for the year ended December 31, 2021. Name and address of independent public accounting firm: HW&Co. 460 Polaris Pkwy., Suite 300 Westerville, OH 43082-8213 Audit period: January 1, 2021 through December 31, 2021 The finding from the December 31, 2021 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. FINDINGS?FEDERAL AWARD PROGRAMS AUDITS U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ? HUD-INSURED MORTGAGE ? ASSISTANCE LISTING No. 14.129 2021-001 ? HUD-Insured Mortgage ? AL No. 14.129 ? Notification to HUD of reducing Bed Count Recommendation: Management should adhere to its Regulatory Agreement and obtain HUD?s approval prior to taking any actions listed in the Regulatory Agreement. Action Taken: Management obtained approval from HUD on February 15, 2022. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call Matthew McFarland at 419-289-1585. Sincerely yours, Matthew McFarland Chief Financial Officer
FAC accepted this audit on April 21, 2021 — management decision was due October 21, 2021.
FAC accepted this audit on April 30, 2020 — management decision was due October 30, 2020.
FAC accepted this audit on April 16, 2019 — management decision was due October 16, 2019.
FAC accepted this audit on April 29, 2018 — management decision was due October 29, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on April 17, 2017 — management decision was due October 17, 2017.
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