EIN: 561042439
UEI: CSLNJHL97GG3
Audited by: Henderson & Pilleteri, LLC
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 October 30, 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 April 30, 2026 (126 days ago).
What is a management decision? →FAC accepted this audit on December 13, 2024 — management decision was due June 13, 2025.
FAC accepted this audit on October 6, 2023 — management decision was due April 6, 2024.
FAC accepted this audit on October 24, 2022 — management decision was due April 24, 2023.
FAC accepted this audit on December 16, 2021 — management decision was due June 16, 2022.
2021-001 CFDA #10.415 Rural Rental Housing Loans & Interest Subsidy ? Special Tests and Provisions Condition and Criteria: As of March 31, 2021, annual required deposits to the reserve for replacements account was under funded by $25,000.00. According to the loan agreement with USDA RD, a reserve for replacements is to be funded in the amount of $25,000.00 annually. Amount of Questioned Costs: $25,000.00 Context: Management failed to have the necessary funds in their reserve for replacement accounts, thus causing a $25,000.00 discrepancy in the account. Cause: Due to an error in reconciliation of annual deposits, the client thought there was an overage in annual deposits and inadvertently reduced deposits such that no deposits were made for the year. Effect: Noncompliance with RD regulations. Auditor?s Recommendation: Management should review the annual reconciliation and year-end close out process of reserve activity to ensure the reserve for replacements account is fully funded each year. Grantee Response: Management acknowledges the required deposit was not made for the year ended March 31, 2021, due to an error in reconciliation of deposits made during the year. On April 13, 2021, a deposit of $25,000.00 was made to fully fund the 2021 reserve deposits.
Show full finding ▾Hide full finding ▴2021-001 CFDA #10.415 Rural Rental Housing Loans & Interest Subsidy ? Special Tests and Provisions Condition and Criteria: As of March 31, 2021, annual required deposits to the reserve for replacements account was under funded by $25,000.00. According to the loan agreement with USDA RD, a reserve for replacements is to be funded in the amount of $25,000.00 annually. Amount of Questioned Costs: $25,000.00 Context: Management failed to have the necessary funds in their reserve for replacement accounts, thus causing a $25,000.00 discrepancy in the account. Cause: Due to an error in reconciliation of annual deposits, the client thought there was an overage in annual deposits and inadvertently reduced deposits such that no deposits were made for the year. Effect: Noncompliance with RD regulations. Auditor?s Recommendation: Management should review the annual reconciliation and year-end close out process of reserve activity to ensure the reserve for replacements account is fully funded each year. Grantee Response: Management acknowledges the required deposit was not made for the year ended March 31, 2021, due to an error in reconciliation of deposits made during the year. On April 13, 2021, a deposit of $25,000.00 was made to fully fund the 2021 reserve deposits.
2021-001 CFDA #10.415 Rural Rental Housing Loans & Interest Subsidy ? Special Tests and Provisions Management acknowledges the required deposit was not made for the year ended March 31, 2021, due to an error in reconciliation of deposits made during the year. On April 13, 2021, a deposit of $25,000.00 was made to fully fund the 2021 reserve deposits. Person Responsible for Correction of Finding: Mr. Gary Foster, Executive Director Projected Completion Date: March 31, 2022
FAC accepted this audit on June 30, 2020 — management decision was due December 30, 2020.
FAC accepted this audit on July 31, 2019 — management decision was due January 31, 2020.
FAC accepted this audit on August 5, 2018 — management decision was due February 5, 2019.
FAC accepted this audit on August 6, 2017 — management decision was due February 6, 2018.
FAC accepted this audit on July 27, 2016 — management decision was due January 27, 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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