EIN: 582598393
UEI: EAK7FGKSYN13
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 (267 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.
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 $950 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 $950 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 $950 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 $950 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 III, Inc. HUD auditee identification number: HUD Project No. 061-EE-093 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.
The tenant security deposit liability as of February 28, 2019 was $6,725. The balance of the tenant security deposit bank account at February 28, 2019 was $6,282. Context: Not applicable Effect: The tenant security deposit liability was under funded by $443 at February 28, 2019. Questioned Costs: None Cause: Sufficient cash was not transferred from the operating account to fully fund the liability. Repeat Finding: No Recommendation: Sufficient cash should be transferred from the operating account to fully fund the liability. Management?s Response/ Planned Corrective Actions: Sufficient cash will be transferred from the operating account to fully fund the liability.
Show full finding ▾Hide full finding ▴Finding #2019-001 Program: Section 202 Project Rental Assistance CFDA 14.157 Criteria: The tenant security deposit liability must be fully funded at all times. Statement of Condition: The tenant security deposit liability as of February 28, 2019 was $6,725. The balance of the tenant security deposit bank account at February 28, 2019 was $6,282. Context: Not applicable Effect: The tenant security deposit liability was under funded by $443 at February 28, 2019. Questioned Costs: None Cause: Sufficient cash was not transferred from the operating account to fully fund the liability. Repeat Finding: No Recommendation: Sufficient cash should be transferred from the operating account to fully fund the liability. Management?s Response/ Planned Corrective Actions: Sufficient cash will be transferred from the operating account to fully fund the liability.
Finding Number: 2019-001 Planned Corrective Actions: Sufficient cash will be transferred from the operating account to the tenant security deposit bank account to fully fund the tenant security deposit liability. Anticipated Completion Date: November 30, 2019 Responsible Contact Person: Debra Minix Management Agent
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.
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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