EIN: 660477771
UEI: GSA_MIGRATION
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 28, 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 December 28, 2023 (968 days ago).
What is a management decision? →Finding No. 2021-001 1. CONDITION ? Security deposits cash accounts is underfunded when compared to Project tenant security liability. 2. CRITERIA ? In HUD Handbook 4350.3. Rev. 1. Chapter 6, Section 2 Paragraph 6-17(B), stated that cash balance in the security deposit bank account must be equal to the amount collected from all tenants at occupancy date plus accrued interest. 3. EFFECT ? Security cash account is understated by $33. 4. CAUSE ? Collection of tenant rent pending to transfer to tenant security deposit cash account. 5. QUESTIONED COSTS ? None. 6. RECOMMENDATION ? Management Agent must transfer the overstated amount to the tenant security account, as soon as possible.
Show full finding ▾Hide full finding ▴Finding No. 2021-001 1. CONDITION ? Security deposits cash accounts is underfunded when compared to Project tenant security liability. 2. CRITERIA ? In HUD Handbook 4350.3. Rev. 1. Chapter 6, Section 2 Paragraph 6-17(B), stated that cash balance in the security deposit bank account must be equal to the amount collected from all tenants at occupancy date plus accrued interest. 3. EFFECT ? Security cash account is understated by $33. 4. CAUSE ? Collection of tenant rent pending to transfer to tenant security deposit cash account. 5. QUESTIONED COSTS ? None. 6. RECOMMENDATION ? Management Agent must transfer the overstated amount to the tenant security account, as soon as possible.
We agree: The deposit has been made transfering the short fund of $33 to the security account. Procedures have been established improving the monitoring process to avoid non-compliance with the regulations.
FAC accepted this audit on March 15, 2017 — management decision was due September 15, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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