EIN: 743112451
UEI: LQC1Q7PBFE79
Audited by: Forvis Mazars, LLP
Oversight agency: 14 [Department of Housing and Urban Development]
View federal awards & risk assessment →
Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 19, 2026. 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 19, 2026 (13 days ago).
What is a management decision? →FAC accepted this audit on October 29, 2024 — management decision was due April 29, 2025.
FAC accepted this audit on October 30, 2023 — management decision was due April 30, 2024.
The Organization failed to deposit surplus cash for the fiscal year ended June 30, 2022 by August 30, 2022. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended June 30, 2022. Repeat finding: This is a repeat finding. Context: The deposit deadline for the fiscal year ended June 30, 2022 was August 30, 2022. The deposit was made on September 19, 2022. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to make the required surplus cash deposit within 60 days of fiscal year-end. Management response: Management agrees with this finding. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Criteria: The Organization is obligated to deposit any surplus cash available at yearend into the residual receipts account within 60 days of the fiscal year-end (August 30th). Condition: The Organization failed to deposit surplus cash for the fiscal year ended June 30, 2022 by August 30, 2022. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended June 30, 2022. Repeat finding: This is a repeat finding. Context: The deposit deadline for the fiscal year ended June 30, 2022 was August 30, 2022. The deposit was made on September 19, 2022. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to make the required surplus cash deposit within 60 days of fiscal year-end. Management response: Management agrees with this finding. See Corrective Action Plan.
Residual receipts were not remitted to the residual receipts account in a timely manner. Residual receipts are required to be remitted within 60 days of year-end. In order to avoid this issue in the future, surplus cash will be calculated prior to the audit.
2022-001
FAC accepted this audit on October 27, 2022 — management decision was due April 27, 2023.
The Organization failed to deposit surplus cash for the fiscal year ended June 30, 2021 by August 30, 2021. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended June 30, 2021. Repeat finding: This is a repeat finding. Context: The deposit deadline for the fiscal year ended June 30, 2021 was August 30, 2021. The deposit was made on September 30, 2021. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to make the required surplus cash deposit within 60 days of fiscal year-end. Management response: Management agrees with this finding. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Criteria: The Organization is obligated to deposit any surplus cash available at year-end into the residual receipts account within 60 days of the fiscal year-end (August 30th). Condition: The Organization failed to deposit surplus cash for the fiscal year ended June 30, 2021 by August 30, 2021. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended June 30, 2021. Repeat finding: This is a repeat finding. Context: The deposit deadline for the fiscal year ended June 30, 2021 was August 30, 2021. The deposit was made on September 30, 2021. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to make the required surplus cash deposit within 60 days of fiscal year-end. Management response: Management agrees with this finding. See Corrective Action Plan.
Name of Contact Person: Samuel A. Jones, President, Amurcon Realty Co., Managing Agent Corrective Action: Residual receipts were not remitted to the residual receipts account in a timely manner. Residual receipts are required to be remitted within 60 days of year-end. In order to avoid this issue in the future, surplus cash will be calculated prior to the audit. Proposed Completion Date: This plan was implemented on September 30, 2022, and will be used for all audits going forward.
2021-001
FAC accepted this audit on October 21, 2021 — management decision was due April 21, 2022.
The Organization failed to deposit surplus cash for the fiscal year ended June 30, 2020 by August 30, 2020. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended June 30, 2020. In addition, it took 30 days to open the residual receipts account with Wells Fargo which further delayed the surplus cash deposit. Repeat finding: This is not a repeat finding. Context: The deposit deadline for the fiscal year ended June 30, 2020 was August 30, 2020. The deposit was made on November 30, 2020. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to open a bank account if necessary and make the required surplus cash deposit within 60 days of fiscal year-end. Management response: Management agrees with this finding. See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Criteria: The Organization is obligated to deposit any surplus cash available at yearend into the residual receipts account within 60 days of the fiscal year-end (August 30th). Condition: The Organization failed to deposit surplus cash for the fiscal year ended June 30, 2020 by August 30, 2020. Effect: The Organization is noncompliant with the requirements of the Section 202 Supportive Housing for the Elderly program. Cause: The Organization used the surplus cash calculation included in the audited financial statements to determine the amount that needed to be deposited into the residual receipts account. The financial statements were issued 90 days after the fiscal year ended June 30, 2020. In addition, it took 30 days to open the residual receipts account with Wells Fargo which further delayed the surplus cash deposit. Repeat finding: This is not a repeat finding. Context: The deposit deadline for the fiscal year ended June 30, 2020 was August 30, 2020. The deposit was made on November 30, 2020. Recommendation: We recommend completing a surplus cash calculation as part of the year-end financial statement close process so that there is time to open a bank account if necessary and make the required surplus cash deposit within 60 days of fiscal year-end. Management response: Management agrees with this finding. See Corrective Action Plan.
Name of Contact Person: Samuel A. Jones, Executive VP, Amurcon Realty Co., Managing Agent Corrective Action: Residual receipts were not remitted to the residual receipts account in a timely manner. Residual receipts are required to be remitted within 60 days of year. New business accounts are taking an unusually long time to open due to new banking regulations. In order to avoid this issue in the future, surplus cash will be calculated prior to the audit and the paperwork to open new bank accounts will be started earlier. If this doesn?t work, a new bank will be used. Proposed Completion Date: This plan was implemented on September 17, 2021, and will be used for all audits going forward.
FAC accepted this audit on October 20, 2020 — management decision was due April 20, 2021.
FAC accepted this audit on October 28, 2019 — management decision was due April 28, 2020.
FAC accepted this audit on October 8, 2018 — management decision was due April 8, 2019.
FAC accepted this audit on October 3, 2017 — management decision was due April 3, 2018.
FAC accepted this audit on October 12, 2016 — management decision was due April 12, 2017.
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.
Browse other Single Audit organizations in Virginia →
Track your findings and corrective action plans across audit cycles.
Start tracking findings →Monitor subrecipient audit findings and filing records.
Start monitoring →© 2026 Single Audit Intelligence. All data is public domain.
