EIN: 480902342
UEI: YUP8UMYBENN4
Data as of August 26, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 25, 2022. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by January 25, 2023 (1310 days ago).
What is a management decision? →S2700-005 Finding Reference Number 2021-01 S2700-006 Finding Resolution Status Unresolved S2700-007 Information on Universal Population Size N/A S2700-008 Sample Size Information N/A S2700-009 Noncompliance Information N/A S2700-010 Statement of Condition At December 31, 2021 the Corporation failed to make surplus cash deposit as required by the Regulatory Agreement to the Residual Receipts Account. S2700-020 Criteria Pursuant to the requirements of the Regulatory Agreement, the Corporation is required to comply with all HUD regulations and other requirements. Including but not limit to the requirement to conduct the "Computation of Surplus Cash, Distributions, and Residual Receipts," to determine amounts that may be due to the Residual Receipts Account. S2700-030 Effect or Potential Effect The Corporation is not in compliance with the terms of the Regulatory Agreement. Failure to deposit amounts due to the Residual Receipts Account may negatively impact the Corporation's capital resources. S2700-040 Cause The Corporation failed to deposit funds due to the Residual Receipt Account. S2700-050 Recommendation The Corporation should deposit amounts due to the Residual Receipts Account within a timely manner of the audit report issuance date. S2700-055 Auditor Non-Compliance Code P. Investment of Residual Receipts S2700-065 Amount of Questioned Costs $29,160 S2700-100 Reporting Views of Responsible Officials S2700-070 Concur or Do Not Concur with this Finding Concurs S2700-075 Agree or Disagree with auditor recommendations Agrees S2700-080 Completion Date or Proposed Completion Date December 31, 2022 S2700-090 Actions Taken or Planned on the Finding The Corporation intends on complying with the requirements established by the Regulatory Agreement.
Show full finding ▾Hide full finding ▴S2700-005 Finding Reference Number 2021-01 S2700-006 Finding Resolution Status Unresolved S2700-007 Information on Universal Population Size N/A S2700-008 Sample Size Information N/A S2700-009 Noncompliance Information N/A S2700-010 Statement of Condition At December 31, 2021 the Corporation failed to make surplus cash deposit as required by the Regulatory Agreement to the Residual Receipts Account. S2700-020 Criteria Pursuant to the requirements of the Regulatory Agreement, the Corporation is required to comply with all HUD regulations and other requirements. Including but not limit to the requirement to conduct the "Computation of Surplus Cash, Distributions, and Residual Receipts," to determine amounts that may be due to the Residual Receipts Account. S2700-030 Effect or Potential Effect The Corporation is not in compliance with the terms of the Regulatory Agreement. Failure to deposit amounts due to the Residual Receipts Account may negatively impact the Corporation's capital resources. S2700-040 Cause The Corporation failed to deposit funds due to the Residual Receipt Account. S2700-050 Recommendation The Corporation should deposit amounts due to the Residual Receipts Account within a timely manner of the audit report issuance date. S2700-055 Auditor Non-Compliance Code P. Investment of Residual Receipts S2700-065 Amount of Questioned Costs $29,160 S2700-100 Reporting Views of Responsible Officials S2700-070 Concur or Do Not Concur with this Finding Concurs S2700-075 Agree or Disagree with auditor recommendations Agrees S2700-080 Completion Date or Proposed Completion Date December 31, 2022 S2700-090 Actions Taken or Planned on the Finding The Corporation intends on complying with the requirements established by the Regulatory Agreement.
Name of auditee: S.E.K. Housing Development Co., Inc. Plaza Place Apartments; HUD auditee identification number: HUD Project No. 102-11040; Name of audit firm: Carter & Company CPA; Period covered by the audit year: January 1, 2021, through December 31, 2021; CAP prepared by: Name: Erin Shackelford, Position: Agent, Telephone Number: 785-989-2300; 1. Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations: Finding 2021-01 - As of December 31, 2021, The Corporation failed to make surplus cash deposit as required by the Regulatory Agreement to the Residual Receipts Account. (1) Comments on the Finding and Each Recommendation. The Corporation should deposit amounts due to the residual Receipts Account within a timely manner of the audit report issuance date. (2) Actions taken on the Finding. The Corporation intends on complying with the requirements established by the Regulatory Agreement and therefore will fund the Residual Receipts Account by the available surplus cash calculated as of December 31, 2020, of $29,160 during 2022 when the funds are available.
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