EIN: 561564832
UEI: VHDDHMNAPJ44
Audited by: Dauby O'Connor & Zaleski, LLC
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 February 3, 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 August 3, 2026 (28 days ago).
What is a management decision? →FAC accepted this audit on October 18, 2024 — management decision was due April 18, 2025.
FAC accepted this audit on February 8, 2024 — management decision was due August 8, 2024.
FAC accepted this audit on March 30, 2023 — management decision was due September 30, 2023.
FAC accepted this audit on October 14, 2021 — management decision was due April 14, 2022.
Finding reference number: 2021-001 Assistance Listing title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Assistance Listing 14.155 (053-11207 and 2015) Auditor non-compliance code: N - Reserve for Replacements Deposits Finding resolution status: Cleared Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $380 Statement of Condition 2021-001 (Assistance Listing 14.155): The Corporation did not make the total required reserve for replacements deposits during the year ended June 30, 2021 and the reserve for replacements is underfunded by $380 at June 30, 2021. Criteria: Pursuant to Section 2(a) of the Regulatory Agreement, the Property is required to make monthly deposits to the reserve for replacements fund as required by HUD. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement and the reserve for replacements fund is underfunded by $380 at June 30, 2021. Cause: The required monthly deposits increased effective February 1, 2021, however, the increased deposits were not made. Recommendation: Management should transfer $380 into the reserve for replacements fund from the operating cash account and make future deposits to the reserve for replacements fund in accordance with HUD approved deposit increases. Completion Date: July 6, 2021 Management Response: Agree. On July 6, 2021, Management transferred $380 into the reserve for replacements fund from the operating cash account. No further action is required.
Show full finding ▾Hide full finding ▴Finding reference number: 2021-001 Assistance Listing title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Assistance Listing 14.155 (053-11207 and 2015) Auditor non-compliance code: N - Reserve for Replacements Deposits Finding resolution status: Cleared Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $380 Statement of Condition 2021-001 (Assistance Listing 14.155): The Corporation did not make the total required reserve for replacements deposits during the year ended June 30, 2021 and the reserve for replacements is underfunded by $380 at June 30, 2021. Criteria: Pursuant to Section 2(a) of the Regulatory Agreement, the Property is required to make monthly deposits to the reserve for replacements fund as required by HUD. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement and the reserve for replacements fund is underfunded by $380 at June 30, 2021. Cause: The required monthly deposits increased effective February 1, 2021, however, the increased deposits were not made. Recommendation: Management should transfer $380 into the reserve for replacements fund from the operating cash account and make future deposits to the reserve for replacements fund in accordance with HUD approved deposit increases. Completion Date: July 6, 2021 Management Response: Agree. On July 6, 2021, Management transferred $380 into the reserve for replacements fund from the operating cash account. No further action is required.
Statement of Condition 2021-001 (Assistance Listing 14.155): The Corporation did not make the total required reserve for replacements deposits during the year ended June 30, 2021 and the reserve for replacements is underfunded by $380 at June 30, 2021. Recommendation: Management should transfer $380 into the reserve for replacements fund from the operating cash account and make future deposits to the reserve for replacements fund in accordance with HUD approved deposit increases. Action(s) taken or planned on the finding: Agree. On July 6, 2021, Management transferred $380 into the reserve for replacements fund from the operating cash account. No further action is required.
FAC accepted this audit on October 4, 2020 — management decision was due April 4, 2021.
FAC accepted this audit on April 29, 2020 — management decision was due October 29, 2020.
Finding reference number: 2019-001 CFDA title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamly Housing Projects, CFDA 14.155 (053-11207 and 2015) Auditor non-compliance code: Z - Other Finding resolution status: In process Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of Condition 2019-001 (CFDA 14.155): The Form SF-SAC Single Audit Data Collection Form for the years ended June 30, 2018 and 2017 were not submitted to the federal audit clearinghouse in the required timeframe. Criteria: Pursuant to the Uniform Guidance, the Corporation is required to submit Form SF-SAC Single Audit Data Collection Form within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Effect: The Corporation is not in compliance with Uniform Guidance. Cause: The Corporation did not file the data collection form SF-SAC within receiving the June 30, 2018 and 2017 auditor's reports. Recommendation: The Corporation should submit the Form SF-SAC Single Audit Data Collection Forms for the years ended June 30, 2018 and 2017 as soon as practical. Completion Date: April 30, 2020 Management Response: Agree. Form SF-SAC Single Audit Data Collection Forms for the years ended June 30, 2018 and 2017 will be submitted to the federal audit clearinghouse by April 30, 2020.
Show full finding ▾Hide full finding ▴Finding reference number: 2019-001 CFDA title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamly Housing Projects, CFDA 14.155 (053-11207 and 2015) Auditor non-compliance code: Z - Other Finding resolution status: In process Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: N/A Statement of Condition 2019-001 (CFDA 14.155): The Form SF-SAC Single Audit Data Collection Form for the years ended June 30, 2018 and 2017 were not submitted to the federal audit clearinghouse in the required timeframe. Criteria: Pursuant to the Uniform Guidance, the Corporation is required to submit Form SF-SAC Single Audit Data Collection Form within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Effect: The Corporation is not in compliance with Uniform Guidance. Cause: The Corporation did not file the data collection form SF-SAC within receiving the June 30, 2018 and 2017 auditor's reports. Recommendation: The Corporation should submit the Form SF-SAC Single Audit Data Collection Forms for the years ended June 30, 2018 and 2017 as soon as practical. Completion Date: April 30, 2020 Management Response: Agree. Form SF-SAC Single Audit Data Collection Forms for the years ended June 30, 2018 and 2017 will be submitted to the federal audit clearinghouse by April 30, 2020.
Statement of Condition 2019-001 (CFDA 14.155): The Form SF-SAC Single Audit Data Collection Form for the years ended June 30, 2018 and 2017 were not submitted to the federal audit clearinghouse in the required timeframe. Recommendation: The Corporation should submit the Form SF-SAC Single Audit Data Collection Forms for the years ended June 30, 2018 and 2017 as soon as practical. Action(s) taken or planned on the finding: Agree. Form SF-SAC Single Audit Data Collection Forms for the years ended June 30, 2018 and 2017 will be submitted to the federal audit clearinghouse by April 30, 2020.
Finding reference number: 2019-002 CFDA title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamly Housing Projects, CFDA 14.155 (053-11207 and 2015) Auditor non-compliance code: N - Reserve for Replacements Deposits Finding resolution status: Cleared Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $165 Statement of Condition 2019-002 (CFDA 14.155): The Corporation did not make the total required reserve for replacements deposits during the year ended June 30, 2019 and the reserve for replacements is underfunded by $165 at June 30, 2019. Criteria: Pursuant to Section 2(a) of the Regulatory Agreement, the Property is required to make monthly deposits to the reserve for replacements fund as required by HUD. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement and the reserve for replacements fund is underfunded by $165 at June 30, 2019. Cause: The required monthly deposits increased effective February 1, 2019, however, the increased deposits were not made. Recommendation: Management should transfer $165 from operating cash to the reserve for replacements fund. Completion Date: August 6, 2019 Management Response: Agree. On August 6, 2019, Management transferred $165 from operating cash to the reserve for replacements fund.
Show full finding ▾Hide full finding ▴Finding reference number: 2019-002 CFDA title and number (Federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamly Housing Projects, CFDA 14.155 (053-11207 and 2015) Auditor non-compliance code: N - Reserve for Replacements Deposits Finding resolution status: Cleared Universe population size: The universe population size is not applicable to the finding. Sample size information: The sample size information is not applicable to the finding. Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $165 Statement of Condition 2019-002 (CFDA 14.155): The Corporation did not make the total required reserve for replacements deposits during the year ended June 30, 2019 and the reserve for replacements is underfunded by $165 at June 30, 2019. Criteria: Pursuant to Section 2(a) of the Regulatory Agreement, the Property is required to make monthly deposits to the reserve for replacements fund as required by HUD. Effect: The Corporation is not in compliance with the terms of the Regulatory Agreement and the reserve for replacements fund is underfunded by $165 at June 30, 2019. Cause: The required monthly deposits increased effective February 1, 2019, however, the increased deposits were not made. Recommendation: Management should transfer $165 from operating cash to the reserve for replacements fund. Completion Date: August 6, 2019 Management Response: Agree. On August 6, 2019, Management transferred $165 from operating cash to the reserve for replacements fund.
Statement of Condition 2019-002 (CFDA 14.155): The Corporation did not make the total required reserve for replacements deposits during the year ended June 30, 2019 and the reserve for replacements is underfunded by $165 at June 30, 2019. Recommendation: Management should transfer $165 from operating cash to the reserve for replacements fund. Action(s) taken or planned on the finding: Agree. On August 6, 2019, Management transferred $165 from operating cash to the reserve for replacements fund.
FAC accepted this audit on May 10, 2020 — management decision was due November 10, 2020.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on May 10, 2020 — management decision was due November 10, 2020.
FAC accepted this audit on October 17, 2016 — management decision was due April 17, 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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