EIN: 562120100
UEI: Q6KUURTJKPH9
Audited by: Patterson & Associates, PLLC
Oversight agency: 14 [Department of Housing and Urban Development]
View federal awards & risk assessment →
Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 24, 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 24, 2026 (114 days from today).
What is a management decision? →For the year ended December 31, 2025, the Organization deposited $8,820 into the Replacement Reserves account.Criteria: Per the regulatory agreement with HUD, the Organization is required to deposit $735 monthly into the Replacement Reserves account for the period January 1, 2025 through June 30, 2025. Effective July 1, 2025, the monthly require deposit increased to $770. Criteria: Per the regulatory agreement with HUD, the Organization is required to deposit $735 monthly into the Replacement Reserves account for the period January 1, 2025 through June 30, 2025. Effective July 1, 2025, the monthly require deposit increased to $770. Effect: The Replacement Reserves account was underfunded by $210. Cause: The Organization inadvertently failed to increase the amount of the monthly deposit in July 2025. This was discovered during the year-end reconciliation process.Recommendation: The Organization should deposit these monies to Replacement Reserves as quickly as possible.Recommendation: The Organization should deposit these monies to Replacement Reserves as quickly as possible. Views of responsible officials and planned corrective actions: The Organization agrees with this finding. Please refer to the corrective action plan on page 34.
Show full finding ▾Hide full finding ▴Statement of Condition: For the year ended December 31, 2025, the Organization deposited $8,820 into the Replacement Reserves account.Criteria: Per the regulatory agreement with HUD, the Organization is required to deposit $735 monthly into the Replacement Reserves account for the period January 1, 2025 through June 30, 2025. Effective July 1, 2025, the monthly require deposit increased to $770. Criteria: Per the regulatory agreement with HUD, the Organization is required to deposit $735 monthly into the Replacement Reserves account for the period January 1, 2025 through June 30, 2025. Effective July 1, 2025, the monthly require deposit increased to $770. Effect: The Replacement Reserves account was underfunded by $210. Cause: The Organization inadvertently failed to increase the amount of the monthly deposit in July 2025. This was discovered during the year-end reconciliation process.Recommendation: The Organization should deposit these monies to Replacement Reserves as quickly as possible.Recommendation: The Organization should deposit these monies to Replacement Reserves as quickly as possible. Views of responsible officials and planned corrective actions: The Organization agrees with this finding. Please refer to the corrective action plan on page 34.
The Organization agrees with the finding. The amount owed, $210, was deposited into the Replacement Reserves account in February 2026.
FAC accepted this audit on May 27, 2025 — management decision was due November 27, 2025.
FAC accepted this audit on June 5, 2024 — management decision was due December 5, 2024.
FAC accepted this audit on May 14, 2023 — management decision was due November 14, 2023.
FAC accepted this audit on July 12, 2022 — management decision was due January 12, 2023.
FAC accepted this audit on July 15, 2021 — management decision was due January 15, 2022.
FAC accepted this audit on August 9, 2020 — management decision was due February 9, 2021.
FAC accepted this audit on May 23, 2019 — management decision was due November 23, 2019.
FAC accepted this audit on June 13, 2018 — management decision was due December 13, 2018.
FAC accepted this audit on July 23, 2017 — management decision was due January 23, 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.
Browse other Single Audit organizations in North Carolina →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and filing records.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.
