EIN: 521952714
UEI: YEMHR7NKKSA8
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 29, 2024. 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 29, 2024 (697 days ago).
What is a management decision? →Section III – Federal Award Findings and Questioned Costs (continued) Finding No. 2023-001 – Timely Deposit of Surplus Cash Federal Assistance Listing Number Name of Federal Program or Cluster 14.181 Supportive Housing for Persons with Disabilities Information on the Universe Population Size One (1) surplus cash deposit Sample Size Information One (1) surplus cash deposit Identification of Repeat Finding Reference Number None noted Criteria The regulatory agreement required surplus cash payments to be deposited in the residual receipts reserve within 90 days of the fiscal year end. Statement of Condition The fiscal year2022 required surplus cash deposit of $17,660 was not made within 90 days of the fiscal year end. Cause The cause of the late payment was due to management oversight. Effect or Potential Effect The requirement to deposit surplus cash within 90 days of the fiscal year end was not met. Auditor Non-Compliance Code B- Failure to make required residual receipts account Questioned Costs There were no known questioned costs. Perspective The finding represents an isolated instance of management oversight. Reporting Views of Responsible officials Auditee made a deposit into the residual receipts account to fully fund the account based on FY2022 surplus cash, and will establish a system to ensure the surplus cash is deposited within 90 days of the fiscal year end going forward. Repeat finding No Recommendations Auditor recommends that management ensure the surplus cash deposit is done timely in the future. Auditors’ Summary of the Auditees’ Comments on the Findings and Recommendations Management agrees with the finding and had made the required deposit in October 2022.
Show full finding ▾Hide full finding ▴Section III – Federal Award Findings and Questioned Costs (continued) Finding No. 2023-001 – Timely Deposit of Surplus Cash Federal Assistance Listing Number Name of Federal Program or Cluster 14.181 Supportive Housing for Persons with Disabilities Information on the Universe Population Size One (1) surplus cash deposit Sample Size Information One (1) surplus cash deposit Identification of Repeat Finding Reference Number None noted Criteria The regulatory agreement required surplus cash payments to be deposited in the residual receipts reserve within 90 days of the fiscal year end. Statement of Condition The fiscal year2022 required surplus cash deposit of $17,660 was not made within 90 days of the fiscal year end. Cause The cause of the late payment was due to management oversight. Effect or Potential Effect The requirement to deposit surplus cash within 90 days of the fiscal year end was not met. Auditor Non-Compliance Code B- Failure to make required residual receipts account Questioned Costs There were no known questioned costs. Perspective The finding represents an isolated instance of management oversight. Reporting Views of Responsible officials Auditee made a deposit into the residual receipts account to fully fund the account based on FY2022 surplus cash, and will establish a system to ensure the surplus cash is deposited within 90 days of the fiscal year end going forward. Repeat finding No Recommendations Auditor recommends that management ensure the surplus cash deposit is done timely in the future. Auditors’ Summary of the Auditees’ Comments on the Findings and Recommendations Management agrees with the finding and had made the required deposit in October 2022.
We agree with this finding and have taken steps to prevent this from occurring in the future. Our policy has been to make surplus cash deposits after the final audit has been issued. A residual receipts account has been established and the required fiscal year 2022 surplus cash deposit of $17,660 has been made to the account on October 21, 2022.
FAC accepted this audit on March 29, 2023 — management decision was due September 29, 2023.
Finding No. 2022-001 ? Security Deposit Funding Criteria The regulatory agreement requires that security deposits received from residential tenants are deposited separately in a federally insured financial institution 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 cause of the missing payments was due to management oversight. Effect or Potential Effect The security deposit fund is underfunded by a total of $23. Auditor Non-Compliance Code M-Security Deposits 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 bank account immediately to fund the shortfall and create a better system of controls to ensure no future occurrences. Auditor notes the bank account has been funded to cure the shortfall prior to audit issuance. No further action required. View of responsible officials Auditee agrees that security deposit balance maintained by the Entity in the bank account was below the amount of residential tenant deposits recorded by the Entity for the fiscal year ended June 30, 2022. Auditee will make an additional deposit to fully fund the security deposit bank account and will establish a system to ensure the security deposit is paid
Show full finding ▾Hide full finding ▴Finding No. 2022-001 ? Security Deposit Funding Criteria The regulatory agreement requires that security deposits received from residential tenants are deposited separately in a federally insured financial institution 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 cause of the missing payments was due to management oversight. Effect or Potential Effect The security deposit fund is underfunded by a total of $23. Auditor Non-Compliance Code M-Security Deposits 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 bank account immediately to fund the shortfall and create a better system of controls to ensure no future occurrences. Auditor notes the bank account has been funded to cure the shortfall prior to audit issuance. No further action required. View of responsible officials Auditee agrees that security deposit balance maintained by the Entity in the bank account was below the amount of residential tenant deposits recorded by the Entity for the fiscal year ended June 30, 2022. Auditee will make an additional deposit to fully fund the security deposit bank account and will establish a system to ensure the security deposit is paid
Stansbury Homes, Inc. 1925 Greenspring Drive Timonium, MD 21903 AUDITEE?S CORRECTIVE ACTION PLAN Name and Number of Project Stansbury Homes Inc., FHA Project Number 052-HD019 Auditor/Audit Firm PKF O?Connor Davies LLP Audit Period June 30, 2022 Finding 2022-001 A. Comments on Finding and Recommendations Auditee agrees that security deposit balance maintained by the Entity in the bank account was below the amount of residential tenant deposits recorded by the Entity for the fiscal year ended June 30, 2022. B. Actions Taken or Planned Auditee will make an additional deposit to fully fund the security deposit bank account and will establish a system to ensure the security deposit is paid or an arrangement is made upon tenant move-in in order to maintain a sufficient security deposit cash balance to cover the security deposit liability account going forward. C. Status of Corrective Action on Prior Findings No prior findings.
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.
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and compliance status.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.