EIN: 582043746
UEI: L3NHLJCZ8JV1
Audited by: Maddox & Associates, APC
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 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 (50 days ago).
What is a management decision? →FAC accepted this audit on October 28, 2024 — management decision was due April 28, 2025.
FAC accepted this audit on January 30, 2024 — management decision was due July 30, 2024.
FAC accepted this audit on December 26, 2022 — management decision was due June 26, 2023.
FAC accepted this audit on October 17, 2021 — management decision was due April 17, 2022.
FAC accepted this audit on November 8, 2020 — management decision was due May 8, 2021.
The security deposit account is not fully funded. Cause: Procedures in place to ensure that tenant security deposits are fully funded were not followed. Effect or Potential Effect: The security deposits account does not have sufficient funds to make refunds to all tenants. Auditor Non-Compliance Code: M 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 security deposit deficiency was funded on July 8, 2020 in the amount of $140. Management will ensure that the security deposits are properly funded in the future. Context: The security deposit account is not fully funded. Recommendation: Management should compare the reconciled cash account to the security deposit listing to ensure that there is enough cash to refund all tenant deposits. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The security deposit deficiency was funded on July 8, 2020 in the amount of $140. Management will ensure that the security deposits are properly funded in the future. Response Indicator: Agree Completion Date: July 8, 2020 Response: Management agrees with the finding. The security deposit deficiency was funded on July 8, 2020 in the amount of $140. Management will ensure that the security deposits are properly funded in the future.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2020-001 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: The regulatory agreement requires that the balance in the security deposit account cannot be less than the security deposit obligation. Statement of Condition: The security deposit account is not fully funded. Cause: Procedures in place to ensure that tenant security deposits are fully funded were not followed. Effect or Potential Effect: The security deposits account does not have sufficient funds to make refunds to all tenants. Auditor Non-Compliance Code: M 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 security deposit deficiency was funded on July 8, 2020 in the amount of $140. Management will ensure that the security deposits are properly funded in the future. Context: The security deposit account is not fully funded. Recommendation: Management should compare the reconciled cash account to the security deposit listing to ensure that there is enough cash to refund all tenant deposits. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The security deposit deficiency was funded on July 8, 2020 in the amount of $140. Management will ensure that the security deposits are properly funded in the future. Response Indicator: Agree Completion Date: July 8, 2020 Response: Management agrees with the finding. The security deposit deficiency was funded on July 8, 2020 in the amount of $140. Management will ensure that the security deposits are properly funded in the future.
Finding Reference Number: 2020-001 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 security deposit deficiency was funded on July 8, 2020 in the amount of $140. Management will ensure that the security deposits are properly funded in the future. Completion Date: July 8, 2020
The project did not remit excess Residual Receipts to HUD. Cause: Residual Receipts account balance was not monitored. Effect or Potential Effect: Residual Receipts account is in excess of the required balance. Auditor Non-Compliance Code: Z 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 submit to HUD. Context: The project did not remit excess Residual Receipts to HUD. Recommendation: Management should monitor the Residual Receipts account balance and remit excess deposits to HUD. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The excess funds were accrued to submit to HUD. Response Indicator: Agree Completion Date: August 4, 2020 Response: Management agrees with the finding. The excess funds were accrued to submit to HUD.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2020-002 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: Prior year finding reference number: 2017-002, 2018-002 Criteria: HUD Memorandum dated October 14, 2016, ?Continuing Remission of Excess PRAC Residual Receipts?, continues the requirement that ?Any balance greater than $250 per unit in a Residual Receipts account must be remitted to HUD?s Accounting Center upon ?termination? of the PRAC?. Statement of Condition: The project did not remit excess Residual Receipts to HUD. Cause: Residual Receipts account balance was not monitored. Effect or Potential Effect: Residual Receipts account is in excess of the required balance. Auditor Non-Compliance Code: Z 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 submit to HUD. Context: The project did not remit excess Residual Receipts to HUD. Recommendation: Management should monitor the Residual Receipts account balance and remit excess deposits to HUD. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The excess funds were accrued to submit to HUD. Response Indicator: Agree Completion Date: August 4, 2020 Response: Management agrees with the finding. The excess funds were accrued to submit to HUD.
Finding Reference Number: 2020-002 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 submit to HUD. Completion Date: August 4, 2020
FAC accepted this audit on October 15, 2019 — management decision was due April 15, 2020.
The project overpaid expenses to the management agent in the amount of $3,511. Cause: The managing agent did not take the proper steps in calculating management fees on a monthly basis to ensure that the correct amounts were charged. Effect or Potential Effect: The property has a receivable from the managing agent in the amount of $3,511. Auditor Non-Compliance Code: J Questioned Costs: $3,511 Reporting Views of Responsible Officials: Management agrees with the finding. The management agent issued a credit and implemented a new system to ensure there are no future overpayments. Context: The project overpaid expenses to the management agent in the amount of $3,511. Recommendation: The managing agent should reimburse the project for the overpaid expenses. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The management agent issued a credit and implemented a new system to ensure there are no future overpayments. Response Indicator: Agree Completion Date: August 8, 2019 Response: Management agrees with the finding. The management agent issued a credit and implemented a new system to ensure there are no future overpayments.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2019-001 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: Project funds may be used only for expenses that are reasonable and necessary to the operation of the project as provided for in the Regulatory Agreement between HUD and the project owner. Statement of Condition: The project overpaid expenses to the management agent in the amount of $3,511. Cause: The managing agent did not take the proper steps in calculating management fees on a monthly basis to ensure that the correct amounts were charged. Effect or Potential Effect: The property has a receivable from the managing agent in the amount of $3,511. Auditor Non-Compliance Code: J Questioned Costs: $3,511 Reporting Views of Responsible Officials: Management agrees with the finding. The management agent issued a credit and implemented a new system to ensure there are no future overpayments. Context: The project overpaid expenses to the management agent in the amount of $3,511. Recommendation: The managing agent should reimburse the project for the overpaid expenses. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The management agent issued a credit and implemented a new system to ensure there are no future overpayments. Response Indicator: Agree Completion Date: August 8, 2019 Response: Management agrees with the finding. The management agent issued a credit and implemented a new system to ensure there are no future overpayments.
Finding Reference Number: 2019-001 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 management agent issued a credit and implemented a new system to ensure there are no future overpayments. Completion Date: August 8, 2019
Surplus cash was not deposited into the Residual Receipts account within 90 days. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The deposit was not made timely. Auditor Non-Compliance Code: B 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 residual receipts account deficiency was funded on November 28, 2018 in the amount of $15,368. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account within 90 days. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on November 28, 2018 in the amount of $15,368. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: November 28, 2018 Response: Management agrees with the finding. The residual receipts account deficiency was funded on November 28, 2018 in the amount of $15,368. Management will ensure that the residual receipts account is properly funded in the future.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2019-002 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: The regulatory agreement requires the project to deposit ?surplus cash? into a Residual Receipts account within 90 days after the end of the fiscal year. Statement of Condition: Surplus cash was not deposited into the Residual Receipts account within 90 days. Cause: Procedures in place to ensure that the deposit is made were not followed. Effect or Potential Effect: The deposit was not made timely. Auditor Non-Compliance Code: B 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 residual receipts account deficiency was funded on November 28, 2018 in the amount of $15,368. Management will ensure that the residual receipts account is properly funded in the future. Context: Surplus cash was not deposited into the Residual Receipts account within 90 days. Recommendation: Management should review its surplus cash calculation at or near year end to determine whether the project is in a surplus cash position. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. The residual receipts account deficiency was funded on November 28, 2018 in the amount of $15,368. Management will ensure that the residual receipts account is properly funded in the future. Response Indicator: Agree Completion Date: November 28, 2018 Response: Management agrees with the finding. The residual receipts account deficiency was funded on November 28, 2018 in the amount of $15,368. Management will ensure that the residual receipts account is properly funded in the future.
Finding Reference Number: 2019-002 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 residual receipts account deficiency was funded on November 28, 2018 in the amount of $15,368. Management will ensure that the residual receipts account is properly funded in the future. Completion Date: November 28, 2018
FAC accepted this audit on November 5, 2018 — management decision was due May 5, 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 30, 2017 — management decision was due May 30, 2018.
GSA_MIGRATION
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Show full finding ▾Hide full finding ▴FAC accepted this audit on November 24, 2016 — management decision was due May 24, 2017.
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