EIN: 510449674
UEI: X3KYXVD9ZHK5
Audited by: E. COHEN AND COMPANY, CPAS
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 July 31, 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 January 31, 2024 (949 days ago).
What is a management decision? →The required $400 monthly deposit to the replacement reserve account was not made for six months during the year ended June 30, 2022. Cause: The previous accountant who handled these deposits left CLA in Dec 2021. CLA hired a replacement who has been transitioning into the accounting role and responsibilities. Context and effect: The Entity is required to make a monthly deposit to the replacement reserve account. Questioned costs: None identified. Identification as Repeat Finding, if Applicable: This is not a repeat finding. Recommendation: The Entity must ensure that it follows all regulatory agreement requirements. Views of Responsible Officials, Summary of Auditees? Findings and Recommendations & Response: Management agrees with the auditor?s findings and recommendations. Completion Date: September 19, 2022
Show full finding ▾Hide full finding ▴Part 3: Findings ? Federal Award and Questioned Costs Finding reference number: 2022-02 - Special Test and Provisions - Replacement Reserve Federal agency: US Department of Housing and Urban Development CFDA number: 14.181 Supportive Housing for Persons with Disabilities Type of Finding: Compliance - Reserve for Replacements Deposits Finding Resolution: Resolved status Criteria: An amount as required by HUD will be deposited monthly in the reserve fund (Regulatory Agreement, item 5 (a)). The current HUD-9250 requires that the entity makes monthly payments of $400 into a reserve fund for replacements held in a separate, federally insured account. Condition: The required $400 monthly deposit to the replacement reserve account was not made for six months during the year ended June 30, 2022. Cause: The previous accountant who handled these deposits left CLA in Dec 2021. CLA hired a replacement who has been transitioning into the accounting role and responsibilities. Context and effect: The Entity is required to make a monthly deposit to the replacement reserve account. Questioned costs: None identified. Identification as Repeat Finding, if Applicable: This is not a repeat finding. Recommendation: The Entity must ensure that it follows all regulatory agreement requirements. Views of Responsible Officials, Summary of Auditees? Findings and Recommendations & Response: Management agrees with the auditor?s findings and recommendations. Completion Date: September 19, 2022
Federal agency: US Department of Housing and Urban Development CFDA number: 14.181, Supportive Housing for Persons with Disabilities Federal Award year: July 1, 2021 through June 30, 2022 Finding: 2022-02: Special Test and Provisions - Replacement Reserve Condition: The required $400 monthly deposit to the replacement reserve account was not made for six months during the year ended June 30, 2022. Actions Taken: Corrective action has been taken and all monthly deposits have been made for the Entity on September 19, 2022, and the Entity is up to date on its monthly deposits.
FAC accepted this audit on November 13, 2021 — management decision was due May 13, 2022.
FAC accepted this audit on December 8, 2020 — management decision was due June 8, 2021.
FAC accepted this audit on February 9, 2020 — management decision was due August 9, 2020.
Program U.S. Department of Housing and Urban Development Supportive Housing for Persons with Disabilities CFDA #14.181 Finding No. 2019-001 ? Replacement Reserve Funding Criteria The regulatory agreement requires monthly payments to fund the replacement reserve. Condition Nine monthly payments were not made to the replacement reserve during the fiscal year. Cause The cause of the missing payment was due to management oversight. Possible Asserted Effect The replacement reserve fund is underfunded by a total of $3,600. Known Questioned Costs There were no known questioned costs. Perspective The finding represents an isolated instance of management oversight. Repeat finding No Recommendations Auditor recommends that the Entity fund the reserve immediately to make it current and create a better system of controls to ensure no future occurrences. Auditor notes deposit was made prior to audit issuance. No further action required. Views of Responsible officials See corrective action plan.
Show full finding ▾Hide full finding ▴Program U.S. Department of Housing and Urban Development Supportive Housing for Persons with Disabilities CFDA #14.181 Finding No. 2019-001 ? Replacement Reserve Funding Criteria The regulatory agreement requires monthly payments to fund the replacement reserve. Condition Nine monthly payments were not made to the replacement reserve during the fiscal year. Cause The cause of the missing payment was due to management oversight. Possible Asserted Effect The replacement reserve fund is underfunded by a total of $3,600. Known Questioned Costs There were no known questioned costs. Perspective The finding represents an isolated instance of management oversight. Repeat finding No Recommendations Auditor recommends that the Entity fund the reserve immediately to make it current and create a better system of controls to ensure no future occurrences. Auditor notes deposit was made prior to audit issuance. No further action required. Views of Responsible officials See corrective action plan.
Auditee agrees that only 3 months of deposits were made to the reserve for replacement when required monthly deposits are due per the regulatory agreement. Action Taken - Auditee has made the additional deposits on August 2, 2019 in order to fully fund the reserve for replacement and has established a system to automatically make monthly payments. No further action is required.
FAC accepted this audit on January 6, 2019 — management decision was due July 6, 2019.
FAC accepted this audit on October 18, 2017 — management decision was due April 18, 2018.
FAC accepted this audit on December 6, 2016 — management decision was due June 6, 2017.
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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