EIN: 582484961
UEI: VBEHLESNDYR5
Audited by: Johnson, Perry, Roussel & Cuthbert, LLP
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 December 23, 2024. 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 June 23, 2025 (432 days ago).
What is a management decision? →FAC accepted this audit on December 28, 2023 — management decision was due June 28, 2024.
Finding: The Project is eleven months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project’s regulatory agreement requires a monthly deposit of $746 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $8,045. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 11 of 12 months. Recommendation: Management deposit $8,045 into the Reserve for Replacement account. Reply: Management agrees with the finding.
Show full finding ▾Hide full finding ▴Finding: The Project is eleven months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project’s regulatory agreement requires a monthly deposit of $746 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $8,045. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 11 of 12 months. Recommendation: Management deposit $8,045 into the Reserve for Replacement account. Reply: Management agrees with the finding.
Management will deposit $8,045 into the Project’s Reserve for Replacement account.
2022-002
FAC accepted this audit on December 19, 2022 — management decision was due June 19, 2023.
Finding: The Project is three months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project?s regulatory agreement requires a monthly deposit of $585 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $1,755. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 3 of 12 months Recommendation: The Project deposited $1,755 into the Reserve for Replacement account on December 9, 2022. Reply: Management agrees with the finding and deposited $1,755 into the Reserve for Replacement account on December 9, 2022.
Show full finding ▾Hide full finding ▴Finding: The Project is three months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project?s regulatory agreement requires a monthly deposit of $585 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $1,755. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 3 of 12 months Recommendation: The Project deposited $1,755 into the Reserve for Replacement account on December 9, 2022. Reply: Management agrees with the finding and deposited $1,755 into the Reserve for Replacement account on December 9, 2022.
Management deposited $1,755 into the Reserve for Replacement Account on December 9, 2022.
FAC accepted this audit on December 21, 2021 — management decision was due June 21, 2022.
Finding: There was no approval from HUD for an amount transferred from the Reserve for Replacement Account. Criteria: The project is required to have approval from HUD for transfers from the Reserve for Replacement Account. Questioned Cost: $1,038 Potential Effect: There is an additional $1,038 in Cash at September 30, 2021 and the Reserve for Replacement Account is understated by $1,038. Cause: There was an inadvertent error when the transfer from the Reserve for Replacement account was made. Recommendation: We recommend that the amount be deposited back into the Reserve for Replacement Account. Reply: Management agrees with the finding and deposited the $1,038 in the Reserve for Replacement Account as of December 2, 2021.
Show full finding ▾Hide full finding ▴Finding: There was no approval from HUD for an amount transferred from the Reserve for Replacement Account. Criteria: The project is required to have approval from HUD for transfers from the Reserve for Replacement Account. Questioned Cost: $1,038 Potential Effect: There is an additional $1,038 in Cash at September 30, 2021 and the Reserve for Replacement Account is understated by $1,038. Cause: There was an inadvertent error when the transfer from the Reserve for Replacement account was made. Recommendation: We recommend that the amount be deposited back into the Reserve for Replacement Account. Reply: Management agrees with the finding and deposited the $1,038 in the Reserve for Replacement Account as of December 2, 2021.
Management deposited the $1,038 in the Reserve for Replacement Account as of December 2, 2021.
FAC accepted this audit on December 14, 2020 — management decision was due June 14, 2021.
There was no evidence that bank statements nor bank reconciliations were reviewed and approved.
Show full finding ▾Hide full finding ▴There was no evidence that bank statements nor bank reconciliations were reviewed and approved.
Management will review its policies and procedures over the review and approval of bank statements and bank reconciliations.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on December 5, 2018 — management decision was due June 5, 2019.
FAC accepted this audit on December 20, 2017 — management decision was due June 20, 2018.
FAC accepted this audit on January 2, 2017 — management decision was due July 2, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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