EIN: 800016829
UEI: VEPUVJ84TCT5
Audited by: Eide Bailly 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 16, 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 16, 2026 (78 days ago).
What is a management decision? →FAC accepted this audit on October 21, 2024 — management decision was due April 21, 2025.
FAC accepted this audit on December 1, 2023 — management decision was due June 1, 2024.
FAC accepted this audit on November 14, 2022 — management decision was due May 14, 2023.
FAC accepted this audit on October 18, 2021 — management decision was due April 18, 2022.
FAC accepted this audit on October 11, 2020 — management decision was due April 11, 2021.
The Corporation did not remit residual receipts in excess of the HUD allowable amount upon expiration of the PRAC. The cumulative amount of excess residual receipts due to HUD for each project is as follows: Immanuel Courtyard II $ 403,869 Immanuel Courtyard III 141,134 Immanuel Courtyard IV 255,321 Effect: The Corporation was not in compliance with the provisions of the residual receipts authority. Cause: Management was aware of the new requirement, but did not comply with the requirement upon its PRAC renewals during the year. Management feels that due to the nature of the project operations and extent of excess residual receipts not being a result of subsidies received from HUD, that the requirement should not be applicable to the Corporation. Recommendation: The Corporation should review the balance of its residual receipts account annually upon its PRAC renewal to ensure proper compliance with the residual receipts authority. Unless a waiver is approved by HUD, excess residual receipts should be remitted to HUD upon PRAC renewal. Views of Responsible Officials and Planned Corrective Action: Management is aware of the requirement, however given the nature of the assisted living services provided by the Corporation, the excess residual receipts did not accumulate as a result of receiving subsidies from HUD. Management believes excess residual receipts resulted from services provided under the Nebraska Medicaid Waiver program. Management does not feel that the residual receipts authority is applicable to the Corporation and is currently seeking a corrective action plan with HUD.
Show full finding ▾Hide full finding ▴Finding No. 2020-001 Federal Programs: CFDA #14.157 US Department of Housing and Urban Development Supportive Housing for the Elderly Project: Immanuel Courtyard II (Courtyard II) - HUD Project No. 103-EE026-NP-WAH Immanuel Courtyard III (Courtyard III) - HUD Project No. 103-EE027-NP-WAH Immanuel Courtyard IV (Courtyard IV) - HUD Project No. 103-EE029-NP-WAH Criteria: On June 19, 2015 HUD issued a memorandum referencing The Consolidated and Further Continuing Appropriations Act, 2015. This memorandum was extended with the enactment of the 2020 Act. This memorandum outlined HUDs authority, upon the expiration/renewal of project rental assistance contracts, to recapture amounts on deposit in the residual receipts account in excess of $250 per unit for Section 202/811 Project Rental Assistance Contracts (PRAC) with PRACs expiring after July 19, 2015. Per the memorandum, Section 202/811 projects must remit residual receipts in excess of $250 per unit at the time of the PRAC expiration. As a result of the COVID-19 pandemic, HUD issued a Coronavirus (COVID-19) Questions and Answers document that permits a temporary suspension of the recapture of excess residual receipts through December 31, 2020. Condition: The Corporation did not remit residual receipts in excess of the HUD allowable amount upon expiration of the PRAC. The cumulative amount of excess residual receipts due to HUD for each project is as follows: Immanuel Courtyard II $ 403,869 Immanuel Courtyard III 141,134 Immanuel Courtyard IV 255,321 Effect: The Corporation was not in compliance with the provisions of the residual receipts authority. Cause: Management was aware of the new requirement, but did not comply with the requirement upon its PRAC renewals during the year. Management feels that due to the nature of the project operations and extent of excess residual receipts not being a result of subsidies received from HUD, that the requirement should not be applicable to the Corporation. Recommendation: The Corporation should review the balance of its residual receipts account annually upon its PRAC renewal to ensure proper compliance with the residual receipts authority. Unless a waiver is approved by HUD, excess residual receipts should be remitted to HUD upon PRAC renewal. Views of Responsible Officials and Planned Corrective Action: Management is aware of the requirement, however given the nature of the assisted living services provided by the Corporation, the excess residual receipts did not accumulate as a result of receiving subsidies from HUD. Management believes excess residual receipts resulted from services provided under the Nebraska Medicaid Waiver program. Management does not feel that the residual receipts authority is applicable to the Corporation and is currently seeking a corrective action plan with HUD.
Federal Programs: CFDA #14.157 US Department of Housing and Urban Development Supportive Housing for the Elderly Project: Immanuel Courtyard II (Courtyard II) - HUD Project No. 103-EE026-NP-WAH Immanuel Courtyard III (Courtyard III) - HUD Project No. 103-EE027-NP-WAH Immanuel Courtyard IV (Courtyard IV) - HUD Project No. 103-EE029-NP-WAH Criteria: On June 19, 2015 HUD issued a memorandum referencing The Consolidated and Further Continuing Appropriations Act, 2015. This memorandum was extended with the enactment of the 2020 Act. This memorandum outlined HUDs authority, upon the expiration/renewal of project rental assistance contracts, to recapture amounts on deposit in the residual receipts account in excess of $250 per unit for Section 202/811 Project Rental Assistance Contracts (PRAC) with PRACs expiring after July 19, 2015. Per the memorandum, Section 202/811 projects must remit residual receipts in excess of $250 per unit at the time of the PRAC expiration. As a result of the COVID-19 pandemic, HUD issued a Coronavirus (COVID-19) Questions and Answers document that permits a temporary suspension of the recapture of excess residual receipts through December 31, 2020. Condition: The Corporation did not remit residual receipts in excess of the HUD allowable amount upon expiration of the PRACs. Corrective Action: We aware of the requirement regarding the recapture of excess residual receipts, however, given the nature of the operations of the projects as assisted living facilities under the Nebraska Medicaid Waiver program, the projects are not receiving subsidies from HUD. A significant portion of the excess residual receipts results from surplus cash at the end of the fiscal year resulting from assisted living services and from deposits into residual receipts for negative amounts included in the monthly Applications for Housing Assistance Payments, Form HUD-52670. The accumulation of these amounts has resulted in the excess residual receipts resulting from the provision of assisted living services under the Nebraska Medicaid Waiver program and not as a result from housing subsidies received from HUD. We submitted a corrective action plan to HUD on September 17, 2019 in response to correspondence dated July 25, 2019 and August 8, 2019 conference call with the Kansas City satellite office. We are currently awaiting a response from HUD and will continue ongoing discussions regarding this issue to agree upon and appropriate corrective action to mediate the finding.. Planned Completion Date: Upon notification from HUD in response to the corrective action plan submitted.. Person Responsible: Scott Bear, CFO
2019-001
FAC accepted this audit on February 20, 2020 — management decision was due August 20, 2020.
The Corporation did not remit residual receipts in excess of the HUD allowable amount upon expiration of the PRAC. The amount of excess residual receipts due to HUD for each project is as follows: Immanuel Courtyard II $ 372,926 Immanuel Courtyard III 128,646 Immanuel Courtyard IV 237,737 Effect: The Corporation was not in compliance with the provisions of the residual receipts authority. Cause: Management was aware of the new requirement, but did not comply with the requirement upon its PRAC renewals during the year. Management feels that due to the nature of the project operations and extent of excess residual receipts not being a result of subsidies received from HUD, that the requirement should not be applicable to the Corporation. Recommendation: The Corporation should review the balance of its residual receipts account annually upon its PRAC renewal to ensure proper compliance with the residual receipts authority. Unless a waiver is approved by HUD, excess residual receipts should be remitted to HUD upon PRAC renewal. Views of Responsible Officials and Planned Corrective Action: Management is aware of the requirement, however given the nature of the assisted living services provided by the Corporation, the excess residual receipts did not accumulate as a result of receiving subsidies from HUD. Management believes excess residual receipts resulted from services provided under the Nebraska Medicaid Waiver program. Management does not feel that the residual receipts authority is applicable to the Corporation and is currently seeking a corrective action plan with HUD.
Show full finding ▾Hide full finding ▴Finding No. 2019-001 Federal Programs: CFDA #14.157 US Department of Housing and Urban Development Supportive Housing for the Elderly Project: Immanuel Courtyard II (Courtyard II) - HUD Project No. 103-EE026-NP-WAH Immanuel Courtyard III (Courtyard III) - HUD Project No. 103-EE027-NP-WAH Immanuel Courtyard IV (Courtyard IV) - HUD Project No. 103-EE029-NP-WAH Criteria: On June 19, 2015 HUD issued a memorandum referencing The Consolidated and Further Continuing Appropriations Act, 2015. This memorandum was extended with the enactment of the 2019 Act. This memorandum outlined HUDs authority, upon the expiration/renewal of project rental assistance contracts, to recapture amounts on deposit in the residual receipts account in excess of $250 per unit for Section 202/811 Project Rental Assistance Contracts (PRAC) with PRACs expiring after July 19, 2015. Per the memorandum, Section 202/811 projects must remit residual receipts in excess of $250 per unit at the time of the PRAC expiration. Condition: The Corporation did not remit residual receipts in excess of the HUD allowable amount upon expiration of the PRAC. The amount of excess residual receipts due to HUD for each project is as follows: Immanuel Courtyard II $ 372,926 Immanuel Courtyard III 128,646 Immanuel Courtyard IV 237,737 Effect: The Corporation was not in compliance with the provisions of the residual receipts authority. Cause: Management was aware of the new requirement, but did not comply with the requirement upon its PRAC renewals during the year. Management feels that due to the nature of the project operations and extent of excess residual receipts not being a result of subsidies received from HUD, that the requirement should not be applicable to the Corporation. Recommendation: The Corporation should review the balance of its residual receipts account annually upon its PRAC renewal to ensure proper compliance with the residual receipts authority. Unless a waiver is approved by HUD, excess residual receipts should be remitted to HUD upon PRAC renewal. Views of Responsible Officials and Planned Corrective Action: Management is aware of the requirement, however given the nature of the assisted living services provided by the Corporation, the excess residual receipts did not accumulate as a result of receiving subsidies from HUD. Management believes excess residual receipts resulted from services provided under the Nebraska Medicaid Waiver program. Management does not feel that the residual receipts authority is applicable to the Corporation and is currently seeking a corrective action plan with HUD.
Finding No. 2019-001 Federal Programs: CFDA #14.157 US Department of Housing and Urban Development Supportive Housing for the Elderly Project: Immanuel Courtyard II (Courtyard II) - HUD Project No. 103-EE026-NP-WAH Immanuel Courtyard III (Courtyard III) - HUD Project No. 103-EE027-NP-WAH Immanuel Courtyard IV (Courtyard IV) - HUD Project No. 103-EE029-NP-WAH Criteria: On June 19, 2015 HUD issued a memorandum referencing The Consolidated and Further Continuing Appropriations Act, 2015. This memorandum was extended with the enactment of the 2019 Act. This memorandum outlined HUDs authority, upon the expiration/renewal of project rental assistance contracts, to recapture amounts on deposit in the residual receipts account in excess of $250 per unit for Section 202/811 Project Rental Assistance Contracts (PRAC) with PRACs expiring after July 19, 2015. Per the memorandum, Section 202/811 projects must remit residual receipts in excess of $250 per unit at the time of the PRAC expiration. Condition: The Corporation did not remit residual receipts in excess of the HUD allowable amount upon expiration of the PRACs. Corrective Action: We aware of the requirement regarding the recapture of excess residual receipts, however, given the nature of the operations of the projects as assisted living facilities under the Nebraska Medicaid Waiver program, the projects are not receiving subsidies from HUD. A significant portion of the excess residual receipts results from surplus cash at the end of the fiscal year resulting from assisted living services and from deposits into residual receipts for negative amounts included in the monthly Applications for Housing Assistance Payments, Form HUD-52670. The accumulation of these amounts has resulted in the excess residual receipts resulting from the provision of assisted living services and not as a result from housing subsidies received from HUD. We submitted a corrective action plan to HUD on September 17, 2019 in response to correspondence dated July 25, 2019 and August 8, 2019 conference call with the Kansas City satellite office. We are currently in ongoing discussions with HUD regarding this issue to agree upon proper corrective action. Planned Completion Date: Upon notification from HUD in response to the waiver request. Person Responsible: Scott Bear, CFO
2018-001
FAC accepted this audit on October 15, 2018 — management decision was due April 15, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
FAC accepted this audit on October 11, 2017 — management decision was due April 11, 2018.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
FAC accepted this audit on March 26, 2017 — management decision was due September 26, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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