EIN: 582217644
UEI: N2FNFPU4DN78
Audited by: CARTER & COMPANY CPA LLC
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 June 11, 2025. 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 11, 2025 (266 days ago).
What is a management decision? →FAC accepted this audit on November 6, 2023 — management decision was due May 6, 2024.
FAC accepted this audit on November 29, 2022 — management decision was due May 29, 2023.
S3800-010 Finding Reference Number 2022-001 S3800-011 Title and CFDA Number of Federal Program 14.157 ? Supportive Housing for the Elderly S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universal Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference Number N/A S3800-020 Criteria The HUD Regulatory Agreement requires that any residual receipts realized from operation of the mortgaged property shall be deposited in a separate residual receipts account. S3800-030 Statement of Condition The Housing Corporation failed to deposit the surplus cash funds due to the residual receipts. S3800-032 Cause Management did not establish the residual receipts account, nor deposit the surplus cash funds due to the residual receipts. S3800-033 Effect or Potential Effect The Housing Corporation is not in compliance with its Regulatory Agreement. S3800-035 Auditor Non-Compliance Code B. Failure to make required residual receipts deposits. S3800-040 Questioned Costs $1,386 S3800-045 Reporting Views of Responsible Officials Management agrees with the finding and has made the required deposit as of 6/17/2022. S3800-080 Recommendation Management should establish a residual receipts account and deposit the funds due into the account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations Auditor agrees with auditee?s comments on the finding and recommendations. S3800-130 Response Indicator Agree S3800-140 Completion Date June 17, 2022 S3800-150 Response Management agrees with the finding and has made the required deposit as of 6/17/2022.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number 2022-001 S3800-011 Title and CFDA Number of Federal Program 14.157 ? Supportive Housing for the Elderly S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universal Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference Number N/A S3800-020 Criteria The HUD Regulatory Agreement requires that any residual receipts realized from operation of the mortgaged property shall be deposited in a separate residual receipts account. S3800-030 Statement of Condition The Housing Corporation failed to deposit the surplus cash funds due to the residual receipts. S3800-032 Cause Management did not establish the residual receipts account, nor deposit the surplus cash funds due to the residual receipts. S3800-033 Effect or Potential Effect The Housing Corporation is not in compliance with its Regulatory Agreement. S3800-035 Auditor Non-Compliance Code B. Failure to make required residual receipts deposits. S3800-040 Questioned Costs $1,386 S3800-045 Reporting Views of Responsible Officials Management agrees with the finding and has made the required deposit as of 6/17/2022. S3800-080 Recommendation Management should establish a residual receipts account and deposit the funds due into the account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations Auditor agrees with auditee?s comments on the finding and recommendations. S3800-130 Response Indicator Agree S3800-140 Completion Date June 17, 2022 S3800-150 Response Management agrees with the finding and has made the required deposit as of 6/17/2022.
Corrective Action Plan Name of auditee: Buckingham Terrace II, Inc. HUD auditee identification number: HUD Project No. 061-EE-038 Name of audit firm: Carter & Company, CPA Period covered by the audit year: March 1, 2021 through February 28, 2022 CAP prepared by: Name: Debra Minix Position: Management Agent Telephone number: 912-267-1962 1. Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations: Finding 2022-001 Unauthorized withdrawals were made from the replacement reserve by the Housing Corporation without HUD approval as required by the Regulatory Agreement (1) Comments on the Finding and Each Recommendation. Management agrees with the finding and has made the required deposit as of 6/17/2022. (2) Actions Taken on the Finding. Management agrees with the finding and has made the required deposit as of 6/17/2022.
FAC accepted this audit on April 24, 2022 — management decision was due October 24, 2022.
S3800-010 Finding Reference Number 2021-001 S3800-011 Title and CFDA Number of Federal Program 14.157 ? Supportive Housing for the Elderly S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universal Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference Number N/A S3800-020 Criteria Pursuant to the requirements of the Regulatory Agreement, the Housing Corporation is required to comply with all HUD regulations and other requirements. The Regulatory Agreement establishes the requirement to disburse funds from the replacement reserve only after obtaining written consent from HUD. S3800-030 Statement of Condition During the year ended February 28, 2021, unauthorized withdrawals were made from the replacement reserve by the Housing Corporation without HUD approval as required by the Regulatory Agreement. S3800-032 Cause Management improperly disbursed funds from the replacement reserve account. S3800-033 Effect or Potential Effect The Housing Corporation is not in compliance with the terms of the Regulatory Agreement. Failure to fully fund the replacement reserve may negatively impact the project's ability to complete future repairs. S3800-035 Auditor Non-Compliance Code A. Unauthorized withdrawals from replacement reserve account. S3800-040 Questioned Costs $2,278 S3800-045 Reporting Views of Responsible Officials Accidental oversight by management. Management should ensure proper controls are in place to prevent unauthorized disbursements from the replacement reserve. S3800-050 Context Management improperly disbursed funds from the replacement reserve account. S3800-080 Recommendation Management should transfer $2,278 to reimburse the additional funds disbursed during the audit period. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations Auditor agrees with auditee?s comments on the finding and recommendations. S3800-130 Response Indicator Agree S3800-140 Completion Date 12/03/2021 S3800-150 Response Accidental oversight by management. Management should ensure proper controls are in place to prevent unauthorized disbursements from the replacement reserve.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number 2021-001 S3800-011 Title and CFDA Number of Federal Program 14.157 ? Supportive Housing for the Elderly S3800-015 Type of Finding Federal Award Finding S3800-016 Finding Resolution Status Resolved S3800-017 Information on Universal Population Size N/A S3800-018 Sample Size Information N/A S3800-019 Identification of Repeat Finding and Finding Reference Number N/A S3800-020 Criteria Pursuant to the requirements of the Regulatory Agreement, the Housing Corporation is required to comply with all HUD regulations and other requirements. The Regulatory Agreement establishes the requirement to disburse funds from the replacement reserve only after obtaining written consent from HUD. S3800-030 Statement of Condition During the year ended February 28, 2021, unauthorized withdrawals were made from the replacement reserve by the Housing Corporation without HUD approval as required by the Regulatory Agreement. S3800-032 Cause Management improperly disbursed funds from the replacement reserve account. S3800-033 Effect or Potential Effect The Housing Corporation is not in compliance with the terms of the Regulatory Agreement. Failure to fully fund the replacement reserve may negatively impact the project's ability to complete future repairs. S3800-035 Auditor Non-Compliance Code A. Unauthorized withdrawals from replacement reserve account. S3800-040 Questioned Costs $2,278 S3800-045 Reporting Views of Responsible Officials Accidental oversight by management. Management should ensure proper controls are in place to prevent unauthorized disbursements from the replacement reserve. S3800-050 Context Management improperly disbursed funds from the replacement reserve account. S3800-080 Recommendation Management should transfer $2,278 to reimburse the additional funds disbursed during the audit period. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Findings and Recommendations Auditor agrees with auditee?s comments on the finding and recommendations. S3800-130 Response Indicator Agree S3800-140 Completion Date 12/03/2021 S3800-150 Response Accidental oversight by management. Management should ensure proper controls are in place to prevent unauthorized disbursements from the replacement reserve.
Name of auditee: Buckingham Terrace II, Inc. HUD auditee identification number: HUD Project No. 061-EE-038 Name of audit firm: Carter & Company, CPA Period covered by the audit year: March 1, 2020 through February 28, 2021 CAP prepared by: Name: Debra Minix Position: Management Agent Telephone number: 912-267-1962 1. Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations: Finding 2021-001 The Housing Corporation disbursed funds from the replacement reserve without HUD approval as required by the Regulatory Agreement. (1) Comments on the Finding and Each Recommendation. Accidental oversight by management. Management should ensure proper controls are in place to prevent unauthorized disbursements from the replacement reserve. (2) Actions Taken on the Finding. Management will reimburse the additional funds disbursed during the audit period. Management has strengthened its controls to avoid this issue going forward.
FAC accepted this audit on June 18, 2021 — management decision was due December 18, 2021.
FAC accepted this audit on June 28, 2021 — management decision was due December 28, 2021.
FAC accepted this audit on June 30, 2021 — management decision was due December 30, 2021.
FAC accepted this audit on July 11, 2021 — management decision was due January 11, 2022.
FAC accepted this audit on July 12, 2021 — management decision was due January 12, 2022.
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