EIN: 475323918
UEI: N6EMKU4ZNL66
Audited by: BAKER TILLY US, LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 21, 2023. 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 May 21, 2024 (834 days ago).
What is a management decision? →FAC accepted this audit on October 23, 2022 — management decision was due April 23, 2023.
FAC accepted this audit on October 20, 2021 — management decision was due April 20, 2022.
FAC accepted this audit on October 26, 2020 — management decision was due April 26, 2021.
The Corporation is required to maintain its books and record on an accrual basis in accordance with accounting principles generally accepted in the United States of America (GAAP). The Corporation's internal accounting records did not consider accrued expenses and were completed on a cash basis during the year ended June 30, 2020. The Corporation's management company is keeping the internal books and records on a cash basis and is not properly accounting for accrued expenses in accordance with GAAP. Audit adjustments were required to record accrued expenses to convert the cash basis internal accounting records to the accrual basis in accordance with GAAP for audit purposes. The Corporation's management company is preparing the internal financial statements on a cash basis for the Board of Directors and management to monitor cash flows, and will convert them to the accrual basis of accounting in accordance with GAAP for future years. The Corporation should have procedures in place to ensure that financial statements are prepared on the accrual basis of accounting in accordance with GAAP.
Show full finding ▾Hide full finding ▴The Corporation is required to maintain its books and record on an accrual basis in accordance with accounting principles generally accepted in the United States of America (GAAP). The Corporation's internal accounting records did not consider accrued expenses and were completed on a cash basis during the year ended June 30, 2020. The Corporation's management company is keeping the internal books and records on a cash basis and is not properly accounting for accrued expenses in accordance with GAAP. Audit adjustments were required to record accrued expenses to convert the cash basis internal accounting records to the accrual basis in accordance with GAAP for audit purposes. The Corporation's management company is preparing the internal financial statements on a cash basis for the Board of Directors and management to monitor cash flows, and will convert them to the accrual basis of accounting in accordance with GAAP for future years. The Corporation should have procedures in place to ensure that financial statements are prepared on the accrual basis of accounting in accordance with GAAP.
Finding 2020-001 - Accrual Basis of Accounting Condition and Criteria: Hunters Woods is required to maintain its books and records on an accrual basis. Hunters Woods internal accounting records were completed on a cash basis during the year ended June 30, 2020. Corrective Action Plan: Hunters Woods management company agrees with this finding and is preparing the internal financial statements on a cash basis for the Board of Directors and management to monitor cash flows, and will convert them to the accrual basis for the year end audit presentation.
2019-001
The Corporation is required to maintain and follow documented policies and procedures for procurement and fixed assets. The Corporation did not follow its capitalization policy as set forth in the documented policies and procedures. Audit adjustments were required to adjust noncapitalizable expenditures. The Corporation's management company is preparing additional guidelines for site managers to follow relating to adhering to the established policies and procedures for procurement and fixed assets. The Corporation should have procedures in place to ensure that the proper policies and procedures are being followed.
Show full finding ▾Hide full finding ▴The Corporation is required to maintain and follow documented policies and procedures for procurement and fixed assets. The Corporation did not follow its capitalization policy as set forth in the documented policies and procedures. Audit adjustments were required to adjust noncapitalizable expenditures. The Corporation's management company is preparing additional guidelines for site managers to follow relating to adhering to the established policies and procedures for procurement and fixed assets. The Corporation should have procedures in place to ensure that the proper policies and procedures are being followed.
Finding 2020-002 - Fixed Assets and Procurement Policies and Procedures Condition and Criteria: Hunters Woods is required to maintain and follow documented policies and procedures for procurement and fixed assets. Corrective Action Plan: Hunters Woods management company agrees with this finding and is preparing additional guidelines for site managers to follow relating to adhering to the established policies and procedures for procurement and fixed assets.
FAC accepted this audit on October 23, 2019 — management decision was due April 23, 2020.
Accrual Basis of Accounting Condition and Criteria: The Corporation is required to maintain its books and records on an accrual basis in accordance with accounting principles generally accepted in the United States of America (?GAAP?). The Corporation?s internal accounting records were completed on a cash basis during the year ended June 30, 2019. Cause: The Corporation's management company is keeping the internal books and records on a cash basis and is not properly accounting for accounts receivable, payables, accrued expenses, and depreciation in accordance with GAAP. Effect: Audit adjustments were required to record accounts receivable, accounts payable, accrued expenses, and depreciation to convert the cash basis internal accounting records to the accrual basis in accordance to GAAP for audit purposes.
Show full finding ▾Hide full finding ▴Accrual Basis of Accounting Condition and Criteria: The Corporation is required to maintain its books and records on an accrual basis in accordance with accounting principles generally accepted in the United States of America (?GAAP?). The Corporation?s internal accounting records were completed on a cash basis during the year ended June 30, 2019. Cause: The Corporation's management company is keeping the internal books and records on a cash basis and is not properly accounting for accounts receivable, payables, accrued expenses, and depreciation in accordance with GAAP. Effect: Audit adjustments were required to record accounts receivable, accounts payable, accrued expenses, and depreciation to convert the cash basis internal accounting records to the accrual basis in accordance to GAAP for audit purposes.
Management Response and Corrective Action Plan: The Corporation?s management company is preparing the internal financial statements on a cash basis for the Board of Directors and management to monitor cash flows, and will convert them to the accrual basis of accounting in accordance with GAAP for future years. Recommendation: The Corporation should have procedures in place to ensure that financial statements are prepared on the accrual basis of accounting in accordance with GAAP.
FAC accepted this audit on October 31, 2018 — management decision was due May 1, 2019.
FAC accepted this audit on October 31, 2017 — management decision was due May 1, 2018.
FAC accepted this audit on November 10, 2016 — management decision was due May 10, 2017.
GSA_MIGRATION
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GSA_MIGRATION
2015-001
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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