EIN: 562153108
UEI: KWMYLMB95R43
Audited by: Duncan Ashe, P.A.
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 March 17, 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 September 17, 2026 (14 days from today).
What is a management decision? →The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ended June 30, 2024.
Show full finding ▾Hide full finding ▴The Corporation did not furnish HUD with a complete annual financial report within ninety (90) days following the end of the fiscal year ended June 30, 2024.
The Corporation should file the June 30, 2024, financial statements as soon as possible and should ensure the annual financial report is filed within 90 days in future periods.
The Corporation did not submit the Data Collection Form for the year ended June 30, 2024, to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
Show full finding ▾Hide full finding ▴The Corporation did not submit the Data Collection Form for the year ended June 30, 2024, to the OMB in a timely manner as required by Uniform Guidance section 2 CFR 200.512.
The Corporation should file the June 30, 2024, financial statements as soon as possible and should ensure the annual financial report is filed within 30 days after the financial statements are available for issue and within nine months of fiscal year end.
The tenant security deposit bank account was underfunded at June 30, 2024. Management commingled tenant security deposits with its operating cash and did not have sufficient cash balance in the tenant security deposits cash account to cover the tenant security deposits liability as of June 30, 2024.
Show full finding ▾Hide full finding ▴The tenant security deposit bank account was underfunded at June 30, 2024. Management commingled tenant security deposits with its operating cash and did not have sufficient cash balance in the tenant security deposits cash account to cover the tenant security deposits liability as of June 30, 2024.
Management should transfer funds from the operating account to fully fund the tenant security deposits account.
A selection of 10 tenant files were selected for testing and for inclusion of HUD required documentation. The tenant files to be tested included, move-ins, move-outs and year-round residents. The move-in and year-round resident files tested documentation attributes tested without exception. The property was unable to provide the files for move-out tenants that were selected for testing.
Show full finding ▾Hide full finding ▴A selection of 10 tenant files were selected for testing and for inclusion of HUD required documentation. The tenant files to be tested included, move-ins, move-outs and year-round residents. The move-in and year-round resident files tested documentation attributes tested without exception. The property was unable to provide the files for move-out tenants that were selected for testing.
The Corporation should establish procedures and internal controls focusing on and including document retention policies to ensure that all required client documentation is maintained.
FAC accepted this audit on January 15, 2024 — management decision was due July 15, 2024.
FAC accepted this audit on November 9, 2022 — management decision was due May 9, 2023.
FAC accepted this audit on December 15, 2021 — management decision was due June 15, 2022.
FAC accepted this audit on September 21, 2020 — management decision was due March 21, 2021.
FAC accepted this audit on February 17, 2020 — management decision was due August 17, 2020.
FAC accepted this audit on October 29, 2018 — management decision was due April 29, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
GSA_MIGRATION
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GSA_MIGRATION
2017-002
FAC accepted this audit on November 5, 2017 — management decision was due May 5, 2018.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
FAC accepted this audit on October 23, 2016 — management decision was due April 23, 2017.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴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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