EIN: 521730811
UEI: DTCYB2AW1ML6
Audited by: CliftonLarsonAllen, LLP
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 January 8, 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 July 8, 2026 (57 days ago).
What is a management decision? →FAC accepted this audit on December 11, 2024 — management decision was due June 11, 2025.
Security Deposit Funding Information on the Universe Population Size-Security deposit activity was reviewed throughout the audit period and at year-end Sample Size-Security deposit activity was reviewed throughout the audit period and at year-end Identification of Repeat Finding Reference Number- 2023-002 Criteria-The regulatory agreement requires that security deposits received from residential tenants are deposited separately in a federally insured financial bank account Statement of Condition-Security deposit balance maintained by the Entity in the bank account was below the amount of residential tenant deposits recorded by the Entity Cause-The reason the deposit was not made is due to management oversight due to a change in management personnel positions Effect or Potential Effect-The security deposit fund is underfunded by a total of $160 Auditor Non-Compliance code-M-Security Deposits Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-Auditee agrees with this finding and will make the required deposits timely going forward FHA Contract Number- 000-HH005/CMI Context-The finding represents an instance of management oversight due to a change in management personnel positions Recommendations-We recommend that the Entity fund the bank account immediately to fund the shortfall and create a better system of controls to ensure no future occurrences Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations- The Entity agrees with the finding and has made an additional deposit to the security deposit account in order to fund the shortfall prior to the issuance of the financial statements. They have established a system in order to ensure no further occurrences Response Indicator- Agree Completion Date- 8/19/2024 Response-Management agrees with the finding and has made a deposit to the security deposit account to fund the shortfall prior to the issuance of the financial statements. They have established a system in order to ensure no further occurrences Contact Person- Stanley Estremsky
Show full finding ▾Hide full finding ▴Security Deposit Funding Information on the Universe Population Size-Security deposit activity was reviewed throughout the audit period and at year-end Sample Size-Security deposit activity was reviewed throughout the audit period and at year-end Identification of Repeat Finding Reference Number- 2023-002 Criteria-The regulatory agreement requires that security deposits received from residential tenants are deposited separately in a federally insured financial bank account Statement of Condition-Security deposit balance maintained by the Entity in the bank account was below the amount of residential tenant deposits recorded by the Entity Cause-The reason the deposit was not made is due to management oversight due to a change in management personnel positions Effect or Potential Effect-The security deposit fund is underfunded by a total of $160 Auditor Non-Compliance code-M-Security Deposits Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-Auditee agrees with this finding and will make the required deposits timely going forward FHA Contract Number- 000-HH005/CMI Context-The finding represents an instance of management oversight due to a change in management personnel positions Recommendations-We recommend that the Entity fund the bank account immediately to fund the shortfall and create a better system of controls to ensure no future occurrences Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations- The Entity agrees with the finding and has made an additional deposit to the security deposit account in order to fund the shortfall prior to the issuance of the financial statements. They have established a system in order to ensure no further occurrences Response Indicator- Agree Completion Date- 8/19/2024 Response-Management agrees with the finding and has made a deposit to the security deposit account to fund the shortfall prior to the issuance of the financial statements. They have established a system in order to ensure no further occurrences Contact Person- Stanley Estremsky
Auditee agrees with the finding and has made an additional deposit of $200 to the security deposit bank account on August 19, 2024, in order to fund the shortfall and has established a system in order to properly fund the account going forward. No further action is required.
2023-002
FAC accepted this audit on December 18, 2023 — management decision was due June 18, 2024.
Information on the Universe Population Size-One (1) surplus cash deposit Sample Size-One (1) surplus cash deposit Identification of Repeat Finding Reference Number-N/A Criteria-The regulatory agreement requires surplus cash payments to be deposited in the residual receipts reserve within 90 days of the fiscal year end Statement of Condition-The 2022 required surplus cash deposit of $22,035 was not made with 90 days of the fiscal year end Cause-The reason the deposit was not made is due to management oversight due to a change in management personnel positions Effect or Potential Effect-The requirement to deposit surplus cash within 90 days of the fiscal year was not met Auditor Non-Compliance Code- B-Failure to make required residual receipts deposits Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-The Entity’s policy has been to make surplus cash deposits after the final audit has been issued Going forward the focus will be to work with the auditor and owner to get the audits finalized earlier so adequate time is left for the deposits to be made. In instances where the final is not going to be issued and allow enough time, the deposit will be made based on the reviewed draft FHA Contract number- 000-HH005/CMI Context-The finding represents an isolated instance of management oversight due to a change in management personnel positions Recommendations-We recommend that management ensures the surplus cash deposit is done timely in the future or request a waiver from HUD Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations-Management agrees with the finding and has made the required surplus cash deposit to the residual receipts account and has established a system in order to prevent any untimely surplus cash deposits going forward Response-Management agrees with the finding and has made the required surplus cash deposit to the residual receipts account and has established a system in order to prevent any untimely surplus cash deposits going forward
Show full finding ▾Hide full finding ▴Information on the Universe Population Size-One (1) surplus cash deposit Sample Size-One (1) surplus cash deposit Identification of Repeat Finding Reference Number-N/A Criteria-The regulatory agreement requires surplus cash payments to be deposited in the residual receipts reserve within 90 days of the fiscal year end Statement of Condition-The 2022 required surplus cash deposit of $22,035 was not made with 90 days of the fiscal year end Cause-The reason the deposit was not made is due to management oversight due to a change in management personnel positions Effect or Potential Effect-The requirement to deposit surplus cash within 90 days of the fiscal year was not met Auditor Non-Compliance Code- B-Failure to make required residual receipts deposits Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-The Entity’s policy has been to make surplus cash deposits after the final audit has been issued Going forward the focus will be to work with the auditor and owner to get the audits finalized earlier so adequate time is left for the deposits to be made. In instances where the final is not going to be issued and allow enough time, the deposit will be made based on the reviewed draft FHA Contract number- 000-HH005/CMI Context-The finding represents an isolated instance of management oversight due to a change in management personnel positions Recommendations-We recommend that management ensures the surplus cash deposit is done timely in the future or request a waiver from HUD Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations-Management agrees with the finding and has made the required surplus cash deposit to the residual receipts account and has established a system in order to prevent any untimely surplus cash deposits going forward Response-Management agrees with the finding and has made the required surplus cash deposit to the residual receipts account and has established a system in order to prevent any untimely surplus cash deposits going forward
Auditee agrees with the finding and has made the required surplus cash deposit of $22,035 to the residual receipts reserve account on Jun e30, 2023 and has established a system in order to prevent any untimely surplus cash deposits going forward. No further action is required.
Security Deposit Funding Information on the Universe Population Size-Security deposit activity was reviewed throughout the audit period and at year-end Sample Size-Security deposit activity was reviewed throughout the audit period and at year-end Identification of Repeat Finding Reference Number-N/A Criteria-The regulatory agreement requires that security deposits received from residential tenants are deposited separately in a federally insured financial bank account Statement of Condition-Security deposit balance maintained by the Entity in the bank account was below the amount of residential tenant deposits recorded by the Entity Cause-The reason the deposit was not made is due to management oversight due to a change in management personnel positions Effect or Potential Effect-The security deposit fund is underfunded by a total of $84 Auditor Non-Compliance code-M-Security Deposits Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-Auditee agrees with this finding and will make the required deposits timely going forward FHA Contract Number- 000-HH005/CMI Context-The finding represents an isolated instance of management oversight due to a change in management personnel positions Recommendations-We recommend that the Entity fund the bank account immediately to fund the shortfall and create a better system of controls to ensure no future occurrences Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations- The Entity agrees with the finding and has made an additional deposit to the security deposit account in order to fund the shortfall prior to the issuance of the financial statements. They have established a system in order to ensure no further occurrences Response-Management agrees with the finding and has made a deposit to the security deposit account to fund the shortfall prior to the issuance of the financial statements and have established a system in order to ensure no further occurrences
Show full finding ▾Hide full finding ▴Security Deposit Funding Information on the Universe Population Size-Security deposit activity was reviewed throughout the audit period and at year-end Sample Size-Security deposit activity was reviewed throughout the audit period and at year-end Identification of Repeat Finding Reference Number-N/A Criteria-The regulatory agreement requires that security deposits received from residential tenants are deposited separately in a federally insured financial bank account Statement of Condition-Security deposit balance maintained by the Entity in the bank account was below the amount of residential tenant deposits recorded by the Entity Cause-The reason the deposit was not made is due to management oversight due to a change in management personnel positions Effect or Potential Effect-The security deposit fund is underfunded by a total of $84 Auditor Non-Compliance code-M-Security Deposits Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-Auditee agrees with this finding and will make the required deposits timely going forward FHA Contract Number- 000-HH005/CMI Context-The finding represents an isolated instance of management oversight due to a change in management personnel positions Recommendations-We recommend that the Entity fund the bank account immediately to fund the shortfall and create a better system of controls to ensure no future occurrences Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations- The Entity agrees with the finding and has made an additional deposit to the security deposit account in order to fund the shortfall prior to the issuance of the financial statements. They have established a system in order to ensure no further occurrences Response-Management agrees with the finding and has made a deposit to the security deposit account to fund the shortfall prior to the issuance of the financial statements and have established a system in order to ensure no further occurrences
Auditee agrees with the finding and has made an additional deposit of $84 to the security deposit bank account on August 1, 2023 and has established a system in order to properly fund the account going forward. No further action is required.
Failure to use EIV Third Party Income Verification Information on the Universe Population Size-Seventeen (17) EIV reports not run for tenants Sample Size-Seventeen (17) EIV reports not run for tenants Identification of Repeat Finding Reference Number-N/A Criteria-The client files should reflect HUD’s Rules and Regulations set forth in the 4350.3 Rev.1 HUD Multifamily Occupancy Handbook (the “Handbook”), Chapter 9 Enterprise Income Verification (“EIV”). Mandatory EIV applies to all programs covered by this Handbook listed in Chapter 1. Statement of Condition-Tenant files were missing information and did not comply with HUD Rules and Regulations Cause-The reason the EIV requirement was not followed is due to management oversight due to a change in management personnel positions Effect or Potential Effect-Incorrect calculations of tenant and subsidy rents Auditor Non-Compliance Code Z-Other Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-Auditee agrees with this finding. Going forward, the auditee will run the EIV reports for tenants FHA Contract Number- 000-HH005/CMI Context-The finding represents an isolated instance of management oversight due to a change in management personnel positions Recommendations-We recommend that management run tenant’s EIV reports based on the HUD requirements for the 811 PRAC program during annual certifications Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations-Auditee agrees with this finding. Going forward, the auditee will run the EIV reports for tenants Response-Management agrees with the finding and will run EIV reports during annual certifications
Show full finding ▾Hide full finding ▴Failure to use EIV Third Party Income Verification Information on the Universe Population Size-Seventeen (17) EIV reports not run for tenants Sample Size-Seventeen (17) EIV reports not run for tenants Identification of Repeat Finding Reference Number-N/A Criteria-The client files should reflect HUD’s Rules and Regulations set forth in the 4350.3 Rev.1 HUD Multifamily Occupancy Handbook (the “Handbook”), Chapter 9 Enterprise Income Verification (“EIV”). Mandatory EIV applies to all programs covered by this Handbook listed in Chapter 1. Statement of Condition-Tenant files were missing information and did not comply with HUD Rules and Regulations Cause-The reason the EIV requirement was not followed is due to management oversight due to a change in management personnel positions Effect or Potential Effect-Incorrect calculations of tenant and subsidy rents Auditor Non-Compliance Code Z-Other Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-Auditee agrees with this finding. Going forward, the auditee will run the EIV reports for tenants FHA Contract Number- 000-HH005/CMI Context-The finding represents an isolated instance of management oversight due to a change in management personnel positions Recommendations-We recommend that management run tenant’s EIV reports based on the HUD requirements for the 811 PRAC program during annual certifications Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations-Auditee agrees with this finding. Going forward, the auditee will run the EIV reports for tenants Response-Management agrees with the finding and will run EIV reports during annual certifications
Auditee agrees with the finding. Going forward, they will run the EIV reports for tenants.
FAC accepted this audit on February 7, 2023 — management decision was due August 7, 2023.
FAC accepted this audit on April 19, 2022 — management decision was due October 19, 2022.
FAC accepted this audit on May 20, 2021 — management decision was due November 20, 2021.
FAC accepted this audit on January 28, 2020 — management decision was due July 28, 2020.
FAC accepted this audit on October 25, 2018 — management decision was due April 25, 2019.
FAC accepted this audit on October 23, 2017 — management decision was due April 23, 2018.
FAC accepted this audit on October 23, 2016 — management decision was due April 23, 2017.
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