EIN: 571208649
UEI: RDZVNBCCLKC5
Audited by: Maddox & Associates, APC
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 January 15, 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 July 15, 2026 (47 days ago).
What is a management decision? →Required monthly deposits to the replacement reserve are deficient in the amount of $6,668.
Show full finding ▾Hide full finding ▴Required monthly deposits to the replacement reserve are deficient in the amount of $6,668.
Management Agrees with the findings. The replacement reserve deficiency will be funded in the amount of $6,668. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.
2024-001
FAC accepted this audit on October 28, 2024 — management decision was due April 28, 2025.
Required monthly deposits to the replacement reserve are deficient in the amount of $3,334.
Show full finding ▾Hide full finding ▴Required monthly deposits to the replacement reserve are deficient in the amount of $3,334.
Management Agrees with the findings. The replacement reserve deficiency will be funded in the amount of $3,334. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.
Due to a delay in assistance payments, the management agent (a related party to the project sponsor) was forced to laon the project funds to avoid an interruption in services. The management agenet was not successful in getting HUD's approval for the additional replacement reserve funds to cover the deficit. When the assistance payments were finally received, the project repaid the related party loan in the amount of $25,000.
Show full finding ▾Hide full finding ▴Due to a delay in assistance payments, the management agent (a related party to the project sponsor) was forced to laon the project funds to avoid an interruption in services. The management agenet was not successful in getting HUD's approval for the additional replacement reserve funds to cover the deficit. When the assistance payments were finally received, the project repaid the related party loan in the amount of $25,000.
Management agrees with the finding. Management will ensure that HUD's approval is obtained in the future.
FAC accepted this audit on January 31, 2024 — management decision was due July 31, 2024.
FAC accepted this audit on December 26, 2022 — management decision was due June 26, 2023.
The property received a score of 52c on its REAC Physical Inspection conducted on September 29, 2021. Cause: The project?s preventative maintenance plan was ineffective. Effect or Potential Effect: Conditions must be corrected to avoid violating the regulatory agreement and housing quality standards. Auditor Non-Compliance Code: I Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management has implemented a preventative maintenance plan. Context: The property received a score of 52c on its REAC Physical Inspection conducted on September 29, 2021. Recommendation: The property should develop, implement, and maintain a preventative maintenance schedule that ensures timely and effective maintenance is performed. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management has implemented a preventative maintenance plan. Response Indicator: Agree Completion Date: June 30, 2022 Response: Management has implemented a preventative maintenance plan.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: Physical inspections must meet minimum rating requirements. Statement of Condition: The property received a score of 52c on its REAC Physical Inspection conducted on September 29, 2021. Cause: The project?s preventative maintenance plan was ineffective. Effect or Potential Effect: Conditions must be corrected to avoid violating the regulatory agreement and housing quality standards. Auditor Non-Compliance Code: I Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: Management has implemented a preventative maintenance plan. Context: The property received a score of 52c on its REAC Physical Inspection conducted on September 29, 2021. Recommendation: The property should develop, implement, and maintain a preventative maintenance schedule that ensures timely and effective maintenance is performed. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management has implemented a preventative maintenance plan. Response Indicator: Agree Completion Date: June 30, 2022 Response: Management has implemented a preventative maintenance plan.
Finding Reference Number: 2022-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management has implemented a preventative maintenance plan. Completion Date: June 30, 2022
FAC accepted this audit on October 27, 2021 — management decision was due April 27, 2022.
FAC accepted this audit on November 8, 2020 — management decision was due May 8, 2021.
FAC accepted this audit on October 28, 2019 — management decision was due April 28, 2020.
FAC accepted this audit on November 5, 2018 — management decision was due May 5, 2019.
FAC accepted this audit on November 30, 2017 — management decision was due May 30, 2018.
FAC accepted this audit on December 20, 2016 — management decision was due June 20, 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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