EIN: 660450954
UEI: N77BVW5CDFW3
Data as of August 23, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 20, 2023. 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 March 20, 2024 (886 days ago).
What is a management decision? →Finding No. 2022-001 1. CONDITION ? Project tenant security deposits payable overfunded when compared to tenant?s security cash accounts. 2. CRITERIA ? In HUD Handbook 4350.3, Rev. 1, Chapter 6, Section 2 Paragraph 6-17(B), stated that balance of account must be equal to the amount collected from all tenants in occupancy plus any accrued interest. 3. EFFECT ? Tenant?s security deposits payable is overfunded by $2. 4. CAUSE ? Transfer from forfeited tenant?s security deposit amounted to $2 recorded twice. 5. RECOMMENDATION ? Management Agent must transfer the underfunded amount to the tenant?s security deposit cash account, as soon as possible.
Show full finding ▾Hide full finding ▴Finding No. 2022-001 1. CONDITION ? Project tenant security deposits payable overfunded when compared to tenant?s security cash accounts. 2. CRITERIA ? In HUD Handbook 4350.3, Rev. 1, Chapter 6, Section 2 Paragraph 6-17(B), stated that balance of account must be equal to the amount collected from all tenants in occupancy plus any accrued interest. 3. EFFECT ? Tenant?s security deposits payable is overfunded by $2. 4. CAUSE ? Transfer from forfeited tenant?s security deposit amounted to $2 recorded twice. 5. RECOMMENDATION ? Management Agent must transfer the underfunded amount to the tenant?s security deposit cash account, as soon as possible.
ALTURAS DE SAN JUAN CORRECTIVE ACTION PLAN FINANCIAL STATEMENT Fiscal Year June 30, 2022 NAME OF PROJECT: NUMBER OF PROJECT: AUDITOR I AUDIT FIRM: Alturas de San Juan 056-EH-195-WAH-L8 Jose Luis Mendoza & Co., LLP FINDING NO. 2022-001 SECURITY DEPOSITS We agree. The accounting error recording the transaction has been corrected during the month of July 2022. Combined Building & Housing Consultants, Inc. Management Agent Name of Contact Person: Rebecca Palacios Position: President Combined Building
FAC accepted this audit on June 27, 2023 — management decision was due December 27, 2023.
Finding No. 2021-001 1. CONDITION ? Late refund of security deposits in two of fifteen refunds examined. 2. CRITERIA ? Refunds of security deposits must be made on or before 30 days after the tenant?s move-out as stated in HUD Handbook 4350.3 Rev. 1, Chapter 6, Section 2, Paragraph 6-18. 3. EFFECT ? Noncompliance with HUD?s stipulated requirements related to refund procedures. 4. CAUSE ? Management Agent did not processed move-out documentation in a reasonable time period to comply with HUD?s regulations applicable refunds. 5. RECOMMENDATION ? Management Agent must assure that move-out documents for refunds of security deposits be processed within a reasonable time period to comply with HUD?s regulations.
Show full finding ▾Hide full finding ▴Finding No. 2021-001 1. CONDITION ? Late refund of security deposits in two of fifteen refunds examined. 2. CRITERIA ? Refunds of security deposits must be made on or before 30 days after the tenant?s move-out as stated in HUD Handbook 4350.3 Rev. 1, Chapter 6, Section 2, Paragraph 6-18. 3. EFFECT ? Noncompliance with HUD?s stipulated requirements related to refund procedures. 4. CAUSE ? Management Agent did not processed move-out documentation in a reasonable time period to comply with HUD?s regulations applicable refunds. 5. RECOMMENDATION ? Management Agent must assure that move-out documents for refunds of security deposits be processed within a reasonable time period to comply with HUD?s regulations.
WE AGREE: THE COVID-19 LOCKDOWN EXPERIENCE WAS A DIFFICULT TIME PROCESS TO CONTINUE WITH THE ADMINISTRATION WITHOUT AFFECTING THE OPERATIONS. PROJECT ADMINISTRATOR HAS BEEN ADVISED TO FOLLOW THE PROCEDURES AS ESTABLISHED AND IS UNDER A MONITORING PROCESS TO AVOID NON-COMPLIANCE WITH THE REGULATIONS
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