EIN: 800030492
UEI: HZF5CBS11JK1
Audited by: BDMP Assurance, LLP
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 March 31, 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 October 1, 2026 (32 days from today).
What is a management decision? →FAC accepted this audit on March 27, 2025 — management decision was due September 27, 2025.
FAC accepted this audit on April 19, 2024 — management decision was due October 19, 2024.
FAC accepted this audit on March 28, 2023 — management decision was due September 28, 2023.
FAC accepted this audit on March 27, 2022 — management decision was due September 27, 2022.
FAC accepted this audit on March 30, 2021 — management decision was due September 30, 2021.
FAC accepted this audit on May 27, 2020 — management decision was due November 27, 2020.
Findings and Questioned Costs - Major Federal Award Program Audit Department of Housing and Urban Development Finding No. 2019-001; Section 202, CFDA 14.157 Statement of Condition During the year ended December 31 2019, the project did not make the required monthly deposits to the replacement reserve in the amount of $3,120. The project is required to make monthly deposits to the reserve in the amount of $1,560. Criteria The regulatory agreement requires that the project make monthly deposits to its replacement reserve. Questioned Costs None Effect Management failed to comply with the regulatory agreement. Context 2 out of 12 required monthly deposits were not made during the year. Cause Due to cash flow constraints, management prioritized the payment of vendors over the deposits in the replacement reserve. Recommendation Management should review the project budget to determine if nonessential costs can be cut or request a loan from the owner to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement. Auditor Noncompliance Code: N - Reserve for replacement deposits
Show full finding ▾Hide full finding ▴Findings and Questioned Costs - Major Federal Award Program Audit Department of Housing and Urban Development Finding No. 2019-001; Section 202, CFDA 14.157 Statement of Condition During the year ended December 31 2019, the project did not make the required monthly deposits to the replacement reserve in the amount of $3,120. The project is required to make monthly deposits to the reserve in the amount of $1,560. Criteria The regulatory agreement requires that the project make monthly deposits to its replacement reserve. Questioned Costs None Effect Management failed to comply with the regulatory agreement. Context 2 out of 12 required monthly deposits were not made during the year. Cause Due to cash flow constraints, management prioritized the payment of vendors over the deposits in the replacement reserve. Recommendation Management should review the project budget to determine if nonessential costs can be cut or request a loan from the owner to ensure that the replacement reserve is funded in accordance with the terms of the regulatory agreement. Auditor Noncompliance Code: N - Reserve for replacement deposits
Department of Housing and Urban Development Finding No. 2019-001; Section 202, CFDA 14.157 Finding Resolution Status: Resolved. Views of Responsible Officials and Planned Corrective Actions Organization agrees with the finding and the auditor's recommendations have been adopted. Subsequent to year end, the $3,120 delinquent deposits were deposited to the replacement reserve.
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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