EIN: 562120100
UEI: Q6KUURTJKPH9
Audited by: Patterson & Associates, PLLC
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 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 (105 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.
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