EIN: 581805637
UEI: F8MLX5NMUL65
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 (46 days ago).
What is a management decision? →SURPLUS CASH WAS NOT DEPOSITED INTO THE RESIDUAL RECEIPTS ACCOUNT.
Show full finding ▾Hide full finding ▴SURPLUS CASH WAS NOT DEPOSITED INTO THE RESIDUAL RECEIPTS ACCOUNT.
MANAGEMENT AGREES WITH THE FINDING. THE RESIDUAL RECEIPTS ACCOUNT DEFICIENCY WILL BE FUNDED IN THE AMOUNT OF $2,239. MANAGEMENT WILL ENSURE THAT THE RESIDUAL RECEIPTS ACCOUNT IS PROPERLY FUNDED IN THE FUTURE.
FAC accepted this audit on October 17, 2024 — management decision was due April 17, 2025.
FAC accepted this audit on January 31, 2024 — management decision was due July 31, 2024.
The project did not offset the monthly Section 8 Housing Assistance Payments. The Project remitted the excess Residual Receipts out of operations.
Show full finding ▾Hide full finding ▴The project did not offset the monthly Section 8 Housing Assistance Payments. The Project remitted the excess Residual Receipts out of operations.
Management agrees with the finding. The excess has been remitted to HUD and managemetn has been advised on the procedure to offset Section 8 Housing Assistance Payments.
Surplus cash was not deposited into the Residual Receipts account within 90 days.
Show full finding ▾Hide full finding ▴Surplus cash was not deposited into the Residual Receipts account within 90 days.
Management agrees with the finding. The residual receipts account deficiency was funded on October 4, 2022 in the amount of $421,182. Management will ensure that the residual receipts account is properly funded in the future.
FAC accepted this audit on December 26, 2022 — management decision was due June 26, 2023.
The Projects did not offset the monthly Section 8 Housing Assistance Payments. Cause: Residual Receipts account balance was not monitored. Effect or Potential Effect: Residual Receipts account was not used to offset Projects operating costs. Auditor Non-Compliance Code: R 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 agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests. Context: The Projects did not offset the monthly Section 8 Housing Assistance Payments. Recommendation: Management should monitor the Residual Receipts account balance and apply excess deposits against Section 8 HAP requests. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests. Response Indicator: Agree Completion Date: September 15, 2022 Response: Management agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2022-001 Type of Finding: FA Finding Resolution Status: In Process 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: Per Notice H-2012-14, "Residual Receipts account balances in excess of $250 per unit must be applied on a monthly basis to offset Section 8 HAP payments up to the full amount of the monthly subsidy request, depending upon the amount of Residual Receipts available for the offset. Monthly offsets must continue until the Residual Receipts account reaches the Retained Balance level of $250 per unit." Statement of Condition: The Projects did not offset the monthly Section 8 Housing Assistance Payments. Cause: Residual Receipts account balance was not monitored. Effect or Potential Effect: Residual Receipts account was not used to offset Projects operating costs. Auditor Non-Compliance Code: R 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 agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests. Context: The Projects did not offset the monthly Section 8 Housing Assistance Payments. Recommendation: Management should monitor the Residual Receipts account balance and apply excess deposits against Section 8 HAP requests. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests. Response Indicator: Agree Completion Date: September 15, 2022 Response: Management agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests.
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 agrees with the finding. The excess funds were accrued to offset future Section 8 HAP requests. Completion Date: September 15, 2022
FAC accepted this audit on October 27, 2021 — management decision was due April 27, 2022.
FAC accepted this audit on December 7, 2020 — management decision was due June 7, 2021.
FAC accepted this audit on October 27, 2019 — management decision was due April 27, 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 18, 2016 — management decision was due June 18, 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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