EIN: 526003810
UEI: C1DST2NDSJT8
Audited by: SB & Company
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 27, 2025. 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 27, 2025 (337 days ago).
What is a management decision? →FAC accepted this audit on March 26, 2024 — management decision was due September 26, 2024.
FAC accepted this audit on March 24, 2023 — management decision was due September 24, 2023.
FAC accepted this audit on March 23, 2022 — management decision was due September 23, 2022.
FAC accepted this audit on March 30, 2021 — management decision was due September 30, 2021.
FAC accepted this audit on October 6, 2020 — management decision was due April 6, 2021.
Federal regulations require that a recipient of federal awards prepare appropriate financial statements, including the SEFA and ensure that the required audit, which is a condition of receiving federal funds, is properly performed and submitted when due. Also, the federal regulations require recipients of federal awards to establish and maintain internal controls designed to reasonably ensure compliance with federal laws, regulations and program compliance requirements. Criteria: The Department of Housing and Urban Development (HUD)requires a REAC report and Financial Data Schedule to be filed no later than nine months after the fiscal year end. It's submitted through the Financial Assessment Subsystem. Cause: Control processes over financial reporting did not function as designed resulting in the late REAC submission. Effect: The REAC submission was filed late. Recommendation: We recommend the Authority review the existing financial reporting policies and procedures to ensure sufficient information is made available in a timely manner to allow for filing required with OMB before the due date. Auditee Response and Corrective Action Plan: Management agrees with the finding. Refer to the corrective action plan on current finds of this report. Auditor's Conclusion: Finding remains as stated.
Show full finding ▾Hide full finding ▴Condition: Federal regulations require that a recipient of federal awards prepare appropriate financial statements, including the SEFA and ensure that the required audit, which is a condition of receiving federal funds, is properly performed and submitted when due. Also, the federal regulations require recipients of federal awards to establish and maintain internal controls designed to reasonably ensure compliance with federal laws, regulations and program compliance requirements. Criteria: The Department of Housing and Urban Development (HUD)requires a REAC report and Financial Data Schedule to be filed no later than nine months after the fiscal year end. It's submitted through the Financial Assessment Subsystem. Cause: Control processes over financial reporting did not function as designed resulting in the late REAC submission. Effect: The REAC submission was filed late. Recommendation: We recommend the Authority review the existing financial reporting policies and procedures to ensure sufficient information is made available in a timely manner to allow for filing required with OMB before the due date. Auditee Response and Corrective Action Plan: Management agrees with the finding. Refer to the corrective action plan on current finds of this report. Auditor's Conclusion: Finding remains as stated.
Auditee's Corrective Action Plan: Because the FY 2019 beginning balance in REAC are derived from prior year submissions and the FY 2018 submission has not been completed and approved by HUD, the FY 2019 REAC submission will be considered late. Management will work promptly to get all prior year and current year submissions input and approved by REAC. Staff is working with our independent auditors and HUD analysts to get these submissions caught up. Contact person: Shawn Kingston, Executive Director. Completion date: September 2020.
2018-002
The Authority was not able to complete the preparation of their financial statements in accordance with the federal government's Office of Management and Budget's (OMB) time constraints. OMB requires the submission of the single audit reporting package through the Federal Audit Clearinghouse(FAC). The reporting package, which includes the financial statement audit and single audit, must be filed no later than nine months after the fiscal year end. The date would be March 31 for the Authority. Criteria: The OMB requires the submission of a single audit reporting package through the Federal Audit Clearinghouse (FAC). Cause: Control processes over financial reporting did not function as designed resulting in the late FAC submission. Effect: The FAC submission was filed late. Recommendation: We recommend the Authority review the existing financial reporting policies and procedures to ensure sufficient information is made available in a timely manner to allow for filing required reports with OMB before the due date. Auditee Response and Corrective Action Plan: Management agrees with the finding. Refer to the corrective action plan on current findings of this report. Auditor's Conclusion: Finding remains as stated.
Show full finding ▾Hide full finding ▴Condition: The Authority was not able to complete the preparation of their financial statements in accordance with the federal government's Office of Management and Budget's (OMB) time constraints. OMB requires the submission of the single audit reporting package through the Federal Audit Clearinghouse(FAC). The reporting package, which includes the financial statement audit and single audit, must be filed no later than nine months after the fiscal year end. The date would be March 31 for the Authority. Criteria: The OMB requires the submission of a single audit reporting package through the Federal Audit Clearinghouse (FAC). Cause: Control processes over financial reporting did not function as designed resulting in the late FAC submission. Effect: The FAC submission was filed late. Recommendation: We recommend the Authority review the existing financial reporting policies and procedures to ensure sufficient information is made available in a timely manner to allow for filing required reports with OMB before the due date. Auditee Response and Corrective Action Plan: Management agrees with the finding. Refer to the corrective action plan on current findings of this report. Auditor's Conclusion: Finding remains as stated.
Auditee's Corrective Action Plan: In the future, management will ensure that the audited financial statements are received in a timely manner in order to allow proper and thorough review of the statements and perform year end reconciliations. Contact Person: Shawn Kingston, Executive Director. Completion Date: September 2020.
2018-001
FAC accepted this audit on January 14, 2020 — management decision was due July 14, 2020.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
GSA_MIGRATION
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GSA_MIGRATION
2017-002
FAC accepted this audit on January 12, 2020 — management decision was due July 12, 2020.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
FAC accepted this audit on August 22, 2017 — management decision was due February 22, 2018.
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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