EIN: 570894441
UEI: GSA_MIGRATION
Data as of August 20, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 15, 2022. 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 15, 2022, which was (1436 days ago).
What is a management decision? →Condition The required monthly deposits to the Reserve for Replacement account were not made during the year. Criteria HUD Handbook 4350.1, Chapter 4 ("the Handbook"), states monthly deposits are to be made to the Reserve for Replacement account based on the amount outline on the HUD "Funds Authorizations" form. Effect The Reserve for Replacement account was underfunded by $1,368. Cause Management did not take the necessary steps to ensure that the Reserve for Replacement account was properly funded during the year. Recommendation The Reserve for Replacement account should be funded in accordance with the criteria outline in the HUD Handbook.
Monthly deposits to the Replacement Reserve account were made in accordance with the amount billed by the mortgage company. Please note the period under audit is a short period as the property was sold and the mortgage paid off on the date of the sale. As the mortgage was paid off, there is no further requirement to fund the additional replacement reserve.
2021-001
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 12, 2021. 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 November 12, 2021, which was (1743 days ago).
What is a management decision? →Finding No. 2020-1 (Repeat Finding) Federal Assistance Listing Number 14.157 Condition The required monthly deposits to the Reserve for Replacement account were not made during the year. Criteria HUD Handbook 4350.1, Chapter 4 ("the Handbook"), states monthly deposits are to be made to the Reserve for Replacement account based on the amount outline on the HUD "Funds Authorizations" form. Effect The Reserve for Replacement account was underfunded by $136. Cause Management did not take the necessary steps to ensure that the Reserve for Replacement account was properly funded during the year. Recommendation The Reserve for Replacement account should be funded in accordance with the criteria outline in the HUD Handbook.
Re: Jackson Manor Apartments, Inc. With reference to your finding noted on page 35 of the report, the additional deposit of $136. due to the Replacement Reserve account was funded subsequent to year end. If you should have any questions, please do not hesitate to contact me at 901-759-7289.
2019-001
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 26, 2018. 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 26, 2018, which was (2795 days ago).
What is a management decision? →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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