EIN: 561493398
UEI: DG7JD3W4TC73
Audited by: Bernard Robinson & Company, L.L.P.
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 June 5, 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 December 5, 2026 (84 days from today).
What is a management decision? →FAC accepted this audit on May 21, 2025 — management decision was due November 21, 2025.
During the year ended December 31, 2024, only four of the required twelve monthly deposits of debt service savings were deposited into the residual receipts account. Criteria: The Debt Service Savings Agreement requires that 50% of the monthly debt service savings be deposited into the Project's residual receipts account in monthly deposits of $2,111. Effect: Noncompliance with HUD regulations. Cause: Operating cash shortfalls. Context: A test to compare actual deposits to the residual receipts account to the required deposits to the residual receipts account. During the year ended December 31, 2024, actual deposits to the residual receipts account were $8,444 and the required deposits to the residual receipts account were $25,331. Questioned Costs: N/A Recommendation: We recommend that management fund the delinquent residual receipts deposits as soon as the Project has sufficient operating cash flow. Views of Responsible Officials and Corrective Action Plan: Management agrees with the finding and will fund the delinquent residual receipts as operating cash flow allows.
Show full finding ▾Hide full finding ▴Finding 2024-001: U.S. Department of Housing and Urban Development, Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Projects (Section 223(f)/207). Statement of Condition: During the year ended December 31, 2024, only four of the required twelve monthly deposits of debt service savings were deposited into the residual receipts account. Criteria: The Debt Service Savings Agreement requires that 50% of the monthly debt service savings be deposited into the Project's residual receipts account in monthly deposits of $2,111. Effect: Noncompliance with HUD regulations. Cause: Operating cash shortfalls. Context: A test to compare actual deposits to the residual receipts account to the required deposits to the residual receipts account. During the year ended December 31, 2024, actual deposits to the residual receipts account were $8,444 and the required deposits to the residual receipts account were $25,331. Questioned Costs: N/A Recommendation: We recommend that management fund the delinquent residual receipts deposits as soon as the Project has sufficient operating cash flow. Views of Responsible Officials and Corrective Action Plan: Management agrees with the finding and will fund the delinquent residual receipts as operating cash flow allows.
MAYFIELD MEMORIAL APARTMENTS, INC. Charlotte, North Carolina CORRECTIVE ACTION PLAN April 14, 2025 U.S. Department of Housing and Urban Development Five Points Plaza Building 40 Marietta Street Atlanta, Georgia 30303 Mayfield Memorial Apartments, Inc. respectfully submits the following Corrective Action Plan for the year ended December 31, 2024. Bernard Robinson & Company, L.L.P. 1501 Highwoods Blvd., Suite 300 Greensboro, North Carolina 27410 The finding from the December 31, 2024 Schedule of Findings and Questioned Costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. Finding - Federal Award Program Audit Finding 2024-001: U.S. Department of Housing and Urban Development, Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Projects (Section 223(f)/207). Recommendation: We recommend that management fund the delinquent residual receipts deposits as soon as the Project has sufficient operating cash flow. Action Taken: Management agrees with the finding and will fund the delinquent residual receipts deposits as operating cash flow allows. If HUD has questions regarding this action plan, please call Claudia Keene at (704)771-1696. Sincerely yours, Claudia Keene Controller Multifamily Select, Inc. Managing Agent
FAC accepted this audit on April 25, 2024 — management decision was due October 25, 2024.
FAC accepted this audit on June 12, 2023 — management decision was due December 12, 2023.
FAC accepted this audit on April 13, 2022 — management decision was due October 13, 2022.
FAC accepted this audit on May 5, 2021 — management decision was due November 5, 2021.
FAC accepted this audit on July 22, 2020 — management decision was due January 22, 2021.
During the year ended December 31, 2019, only ten of the required twelve monthly deposits of debt service savings were deposited into the residual receipts account. Criteria: The Debt Service Savings Agreement requires that 50% of the monthly debt service savings be deposited into the Project's residual receipts account in monthly deposits of $2,111. Effect: Noncompliance with HUD regulations. Cause: Operating cash shortfalls. Context: A test to compare actual deposits to the residual receipts account to the required deposits to the residual receipts account. During the year ended December 31, 2019, actual deposits to the residual receipts account were $21,109 and the required deposits to the residual receipts account were $25,331. Questioned Costs: N/A Recommendation: We recommend that management fund the delinquent residual receipts deposits as soon as the Project has sufficient operating cash flow. Views of Responsible Officials and Corrective Action Plan: Management agrees with the finding and made a deposit of $4,222 into the residual receipts account on January 3, 2020.
Show full finding ▾Hide full finding ▴Statement of Condition: During the year ended December 31, 2019, only ten of the required twelve monthly deposits of debt service savings were deposited into the residual receipts account. Criteria: The Debt Service Savings Agreement requires that 50% of the monthly debt service savings be deposited into the Project's residual receipts account in monthly deposits of $2,111. Effect: Noncompliance with HUD regulations. Cause: Operating cash shortfalls. Context: A test to compare actual deposits to the residual receipts account to the required deposits to the residual receipts account. During the year ended December 31, 2019, actual deposits to the residual receipts account were $21,109 and the required deposits to the residual receipts account were $25,331. Questioned Costs: N/A Recommendation: We recommend that management fund the delinquent residual receipts deposits as soon as the Project has sufficient operating cash flow. Views of Responsible Officials and Corrective Action Plan: Management agrees with the finding and made a deposit of $4,222 into the residual receipts account on January 3, 2020.
Mayfield Memorial Apartments, Inc. respectfully submits the following Corrective Action Plan for the year ended December 31, 2019. Bernard Robinson & Company, L.L.P. 1501 Highwoods Blvd., Suite 300 Greensboro, North Carolina 27410 The finding from the December 31, 2019 Schedule of Findings and Questioned Costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. Finding - Federal Award Program Audit Finding 2019-001: Recommendation: We recommend that management fund the delinquent residual receipts deposits as soon as the Project has sufficient operating cash flow. Management's Response: Management agrees with the finding and made a deposit of $4,222 into the residual receipts account on January 3, 2020. If HUD has questions regarding this action plan, please call Michael Jameyson at (704)771-1696. Sincerely yours, Michael Jameyson, President Multifamily Select, Inc. Managing Agent
FAC accepted this audit on August 11, 2019 — management decision was due February 11, 2020.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on April 4, 2018 — management decision was due October 4, 2018.
FAC accepted this audit on June 7, 2017 — management decision was due December 7, 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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