EIN: 541119895
UEI: W5YDGPGURA95
Audited by: DS ACCOUNTING GROUP LLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 30, 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 March 30, 2025 (528 days ago).
What is a management decision? →FAC accepted this audit on October 16, 2023 — management decision was due April 16, 2024.
FAC accepted this audit on June 27, 2021 — management decision was due December 27, 2021.
The tenant security deposit cash account was not properly funded as of December 31, 2020. There was a shortfall of $50,820.Criteria:The project is required to maintain a separate cash account in the name of the project, separate and apart from all other funds of the project, that has a minimum balance that is, at all times, equal to the tenant security deposit liability.Cause:HUD requested that restricted cash be transferred the project?s operating account from the project?s general operating reserves. The project did not have access to one of the general operating reserve accounts at the time and transferred cash from the security deposit account instead. This resulted in a underfunding of the account in the amount of $64,095.Effect or Potential Effect:The project is not in compliance with HUD?s requirements regarding tenant security deposits.Recommendations:Management should fund the tenant security deposit cash account as required by HUD.
Show full finding ▾Hide full finding ▴Condition:The tenant security deposit cash account was not properly funded as of December 31, 2020. There was a shortfall of $50,820.Criteria:The project is required to maintain a separate cash account in the name of the project, separate and apart from all other funds of the project, that has a minimum balance that is, at all times, equal to the tenant security deposit liability.Cause:HUD requested that restricted cash be transferred the project?s operating account from the project?s general operating reserves. The project did not have access to one of the general operating reserve accounts at the time and transferred cash from the security deposit account instead. This resulted in a underfunding of the account in the amount of $64,095.Effect or Potential Effect:The project is not in compliance with HUD?s requirements regarding tenant security deposits.Recommendations:Management should fund the tenant security deposit cash account as required by HUD.
Condition:The tenant security deposit cash account was not properly funded as of December 31, 2020. There was a shortfall of $50,820.Comments on the Finding and Recommendation:Management agrees with the finding and recommendation.Actions Taken or Planned on the Finding:The Cooperative has funded the security deposit cash account deficit in June 2020.
2019-001
FAC accepted this audit on June 9, 2020 — management decision was due December 9, 2020.
The tenant security deposit cash account was not properly funded as of December 31, 2019. There was a shortfall of $52,475. Criteria: The project is required to maintain a separate cash account in the name of the project, separate and apart from all other funds of the project, that has a minimum balance that is, at all times, equal to the tenant security deposit liability. Cause: HUD requested that restricted cash be transferred the project?s operating account from the project?s general operating reserves. The project did not have access to one of the general operating reserve accounts at the time and transferred cash from the security deposit account instead. This resulted in a underfunding of the account in the amount of $52,475. Effect or Potential Effect: The project is not in compliance with HUD?s requirements regarding tenant security deposits. Recommendations: Management should fund the tenant security deposit cash account as required by HUD.
Show full finding ▾Hide full finding ▴Condition: The tenant security deposit cash account was not properly funded as of December 31, 2019. There was a shortfall of $52,475. Criteria: The project is required to maintain a separate cash account in the name of the project, separate and apart from all other funds of the project, that has a minimum balance that is, at all times, equal to the tenant security deposit liability. Cause: HUD requested that restricted cash be transferred the project?s operating account from the project?s general operating reserves. The project did not have access to one of the general operating reserve accounts at the time and transferred cash from the security deposit account instead. This resulted in a underfunding of the account in the amount of $52,475. Effect or Potential Effect: The project is not in compliance with HUD?s requirements regarding tenant security deposits. Recommendations: Management should fund the tenant security deposit cash account as required by HUD.
Yorkville Corporation respectfully submits the following corrective action plan for the year ended December 31, 2019. The findings from the December 31, 2019 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Findings ? Federal Award Programs Audits Department of Housing and Urban Development Finding 2019-1: Section 8 Housing Assistance Program, CFDA 14.182 Condition: The tenant security deposit cash account was not properly funded as of December 31, 2019. There was a shortfall of $52,475. Comments on the Finding and Recommendation: Management agrees with the finding and recommendation. Actions Taken or Planned on the Finding: Management will fund the security deposit account. If the Department of Housing and Urban Development has questions regarding this plan, please call Rey Sison at (703) 273-7777. Sincerely, Rey Sison, Property Manager
FAC accepted this audit on May 20, 2019 — management decision was due November 20, 2019.
FAC accepted this audit on September 28, 2017 — management decision was due March 28, 2018.
GSA_MIGRATION
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GSA_MIGRATION
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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