EIN: 621465418
UEI: W8PWCYRMLXF4
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 14, 2021. 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 14, 2021, which was (1711 days ago).
What is a management decision? →Criteria: The Project did not obtain approval to make withdrawals from the replacement reserve account. Condition: Management is responsible for understanding and complying with the requirements of laws, regulations, and the provisions of contracts and grant agreements related to each federal award. Cause: The Project made unauthorized withdrawals from the replacement reserve account. Effect: The withdrawals caused the replacement reserve account to be understated at year-end. Context: We inspected monthly statements to the replacement reserve account and noted a total of $17,500 in withdrawals from the replacement reserve account from June through August 2020. We requested the HUD approval for these withdrawals from the Project and they made it known to us that there was none. The Project backdated a deposit to true-up the replacement reserve account at year-end. The deposit did not hit the bank until January 29, 2021. Therefore, we reversed the entry the Project made recording the deposit at year-end. Recommendation: Management must obtain HUD approval before making withdrawals from the replacement reserve account by filling out form HUD-9250, Funds Authorizations.
Management of Memphis Community Housing Inc. agrees with this finding. Management will make sure to get approval from HUD before making withdrawals from the replacement reserve account.
Criteria: The Project did not make the required monthly deposits into the replacement reserve account on a timely basis. Condition: Management is responsible for understanding and complying with the requirements of laws, regulations, and the provisions of contracts and grant agreements related to each federal award. Cause: The Project did not make the required monthly deposits on a timely basis to the replacement reserve account. Effect: The replacement reserve account was not properly stated each month. Context: We inspected monthly statements to the replacement reserve account and noted that the required $681 deposit was not being made on a monthly basis. The Project would true-up by depositing more in the months following to make up for the missed deposits. Recommendation: Management should be sure HUD procedures are followed and make the required monthly deposit on time.
Management of Memphis Community Housing, Inc. agrees with this finding. Management will make sure they deposit the appropriate amount each month as required by HUD.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 2, 2018. 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 October 2, 2018, which was (2880 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
2016-001
GSA_MIGRATION
GSA_MIGRATION
GSA_MIGRATION
GSA_MIGRATION
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 23, 2017. 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 September 23, 2017, which was (3254 days ago).
What is a management decision? →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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