EIN: 743160158
UEI: U2WPP6M5D1K3
Audited by: FJ & Associates, PLLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 4, 2025. 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 4, 2026 (87 days ago).
What is a management decision? →The security deposit bank account balance at June 30, 2025 was insufficient to cover the liability due to the tenants in occupancy. The security deposits liability exceeded the security deposits held in trust by $1,701 at June 30, 2025. Criteria: Per HUD regulations, maintaining a fully funded security deposit account helps to ensure that management will be able to make refunds to all tenants. Effect: This resulted in the tenant security deposit account being under funded by $1,701 as of June 30, 2025. Cause: Management failed to maintain the deposit balance as required. Recommendation: We recommend that the Project take the necessary steps to fully fund the security deposit account. Auditee’s Response: The Project has taken the necessary steps to fully fund the security deposit account as of the report date.
Show full finding ▾Hide full finding ▴Security Deposit Cash Account Condition: The security deposit bank account balance at June 30, 2025 was insufficient to cover the liability due to the tenants in occupancy. The security deposits liability exceeded the security deposits held in trust by $1,701 at June 30, 2025. Criteria: Per HUD regulations, maintaining a fully funded security deposit account helps to ensure that management will be able to make refunds to all tenants. Effect: This resulted in the tenant security deposit account being under funded by $1,701 as of June 30, 2025. Cause: Management failed to maintain the deposit balance as required. Recommendation: We recommend that the Project take the necessary steps to fully fund the security deposit account. Auditee’s Response: The Project has taken the necessary steps to fully fund the security deposit account as of the report date.
A last-minute change was made between our reconciliation of security deposits and the year end. We have set up a new control of locking our accounting system once the reconciliations & reviews are completed so no additional changes can be made without management being aware.
FAC accepted this audit on March 28, 2025 — management decision was due September 28, 2025.
FAC accepted this audit on November 7, 2023 — management decision was due May 7, 2024.
FAC accepted this audit on October 17, 2022 — management decision was due April 17, 2023.
FAC accepted this audit on January 26, 2022 — management decision was due July 26, 2022.
FAC accepted this audit on November 5, 2020 — management decision was due May 5, 2021.
FAC accepted this audit on November 17, 2019 — management decision was due May 17, 2020.
FAC accepted this audit on October 8, 2018 — management decision was due April 8, 2019.
FAC accepted this audit on October 10, 2017 — management decision was due April 10, 2018.
FAC accepted this audit on October 9, 2016 — management decision was due April 9, 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.
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