EIN: 640621957
UEI: GZLQEN2D6TH9
Data as of August 26, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 5, 2020. 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 August 5, 2020 (2213 days ago).
What is a management decision? →The replacement reserve is deficient $4,977 as of September 30, 2019. Criteria: Replacement reserve deposits are required to be made monthly in amounts specified by the regulatory agreement or amendments thereto. Cause: The monthly deposit to the replacement reserve was revised effective September 1, 2019, however, the deposit for September was inadvertently not made. Effect: The replacement reserve balance as of September 30, 2019 is deficient by $4,977. Recommendation: The replacement reserve deposit for September 2019 in the amount of $4,977 should be made as soon as possible. Planned Corrective Action: Management agrees with the finding and will fund the reserve to its appropriate level as soon as possible.
Show full finding ▾Hide full finding ▴FINDING NO. 2019-1: Section 223(f)/ 207 Insured Loan, CFDA 14.155 Condition: The replacement reserve is deficient $4,977 as of September 30, 2019. Criteria: Replacement reserve deposits are required to be made monthly in amounts specified by the regulatory agreement or amendments thereto. Cause: The monthly deposit to the replacement reserve was revised effective September 1, 2019, however, the deposit for September was inadvertently not made. Effect: The replacement reserve balance as of September 30, 2019 is deficient by $4,977. Recommendation: The replacement reserve deposit for September 2019 in the amount of $4,977 should be made as soon as possible. Planned Corrective Action: Management agrees with the finding and will fund the reserve to its appropriate level as soon as possible.
U.S. Department of Housing and Urban Development Federation Towers - Grenada respectfully submits the following corrective action plan for the year ended September 30, 2019. Name and address of public accounting firm: GranthamPoole PLLC 1062 Highland Colony Parkway Suite 201 Ridgeland, MS 39157 Audit Period: Year Ended September 30, 2019 FINDINGS ? FEDERAL AWARD PROGRAMS AUDIT DEPARTMENT OF HOSUING AND URBAN DEVELOPMENT Finding 2019-1: Section 223(f)/ 207 Insured Loan, CFDA 14.155 Recommendation: The replacement reserve deposit for September 2019 in the amount of $4,977 should be made as soon as possible. Action Taken: The late replacement reserve deposit of $4,977 will be made as soon as possible.
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