EIN: 510294138
UEI: Y6VUANK57767
Audited by: Belfint Lyons and Shuman, P.A.
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 26, 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 September 26, 2026 (20 days from today).
What is a management decision? →FAC accepted this audit on March 26, 2025 — management decision was due September 26, 2025.
Allowable costs from fiscal years 2022 and 2023 were not submitted for cost reimbursement until fiscal year 2024. Therefore, the fiscal year 2024 SEFA included expenditures for activities that occurred in prior fiscal years. Cause: The Organization identifies the funding source for project expenditures when the activity occurs (expenditure incurred). Incurred expenditures are then submitted to the grantor by the Organization for cost reimbursement. At times, the dates between when expenditures are incurred and submitted for reimbursement cross more than one of the Organization’s fiscal years. Effect: The SEFA may exclude expenditures incurred during the current fiscal year since the Organization did not request reimbursement prior to their fiscal year end. Additionally, the SEFA may include expenditures incurred in a prior fiscal year since reimbursement was requested during the Organization’s current fiscal year. An inaccurate SEFA may lead to the auditor making improper conclusions on which programs require testing as major programs in the current year. Refer to Note D in the Notes to the Schedule Expenditures of Federal Awards for prior year Home Investment Partnership Program expenditures reported on the fiscal year 2024 SEFA. Question Costs: None Recommendation: We recommend the Organization implement procedures to ensure the completion of an accurate and complete SEFA. These procedures may include shortening the length of time between when an expenditure is incurred and when reimbursement is requested.
Show full finding ▾Hide full finding ▴Criteria: The requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, (Uniform Guidance), Subpart F, Audit Requirements, include the following: - The auditee must prepare a schedule of expenditures of federal awards (SEFA) for the period covered by the auditee's financial statements. - The SEFA must include total federal awards expended as determined in accordance with § 200.502. § 200.502 states that the determination of when a federal award is expended must be based on when the activity related to the federal award occurs. Condition: Allowable costs from fiscal years 2022 and 2023 were not submitted for cost reimbursement until fiscal year 2024. Therefore, the fiscal year 2024 SEFA included expenditures for activities that occurred in prior fiscal years. Cause: The Organization identifies the funding source for project expenditures when the activity occurs (expenditure incurred). Incurred expenditures are then submitted to the grantor by the Organization for cost reimbursement. At times, the dates between when expenditures are incurred and submitted for reimbursement cross more than one of the Organization’s fiscal years. Effect: The SEFA may exclude expenditures incurred during the current fiscal year since the Organization did not request reimbursement prior to their fiscal year end. Additionally, the SEFA may include expenditures incurred in a prior fiscal year since reimbursement was requested during the Organization’s current fiscal year. An inaccurate SEFA may lead to the auditor making improper conclusions on which programs require testing as major programs in the current year. Refer to Note D in the Notes to the Schedule Expenditures of Federal Awards for prior year Home Investment Partnership Program expenditures reported on the fiscal year 2024 SEFA. Question Costs: None Recommendation: We recommend the Organization implement procedures to ensure the completion of an accurate and complete SEFA. These procedures may include shortening the length of time between when an expenditure is incurred and when reimbursement is requested.
Corrective Action Plan: The unaudited statements were corrected for FY2024 and are reflected in the audited statements. FY2023’s were corrected through the retained earnings that show on the FY2024’s audited statements as well in the prior year’s number on the statements. The FY2024 Single Audit reflects these changes as well. Management invoices at the times allowed upon the different grant funders based upon percentage of completion of the project/s. We will review all on-going projects at the end of each fiscal year during the audit with the auditors to determine what reporting has to be done in order to comply with the requirements of the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, (Uniform Guidance), Subpart F, Audit Requirements.
FAC accepted this audit on March 20, 2024 — management decision was due September 20, 2024.
FAC accepted this audit on March 14, 2023 — management decision was due September 14, 2023.
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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