EIN: 711502063
UEI: TCT5DVLJCR61
Audited by: JOHNSON, PERRY, ROUSSEL & CUTHBERT, LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 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 June 28, 2024 (796 days ago).
What is a management decision? →Finding: The Project is EIGHT months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project’s regulatory agreement requires a monthly deposit of $525 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $4200. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 7 of 12 months. Recommendation: Management deposited $4,200 into the Reserve for Replacement account on October 12, 2023.. Reply: Management agrees with the finding and deposited the delinquent Funds on October 12, 2023
Show full finding ▾Hide full finding ▴Finding: The Project is EIGHT months delinquent on making its monthly Reserve for Replacement deposits. Criteria: The Project’s regulatory agreement requires a monthly deposit of $525 in its Reserve for Replacement account. Questioned Costs: None Effect: The Reserve for Replacement account is underfunded by $4200. Cause: The Project had insufficient cash flow during the year due to a high vacancy rate. Other Information: 7 of 12 months. Recommendation: Management deposited $4,200 into the Reserve for Replacement account on October 12, 2023.. Reply: Management agrees with the finding and deposited the delinquent Funds on October 12, 2023
Management deposited $4,4200 into the Project’s Reserve for Replacement account on October 12, 2023.
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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