Louie Street Apartments, Inc.

EIN: 810641467

UEI: QKCHZ2VYYME1

Data as of August 20, 2026

10
Audit Years
4
Total Findings
0
Repeat Findings

FY 2023-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on January 17, 2024. 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 July 17, 2024, which was (765 days ago).

What is a management decision? →
2023-001
Other
Condition

Condition - Noncompliance with Capital Advance Program Regulatory Agreement Section 5(c) which requires deposit of residual receipts within sixty days after year end. The June 30, 2022 residual receipts amount of $118,783.58 was required to be deposited within sixty days after year end, August 29, 2022. This amount was deposited on March 23, 2023, which is considered late.

Corrective Action Plan

The corrective action planned is putting controls in place to ensure detection of errors in the calculation of the amount to be deposited to the residual receipts account and to ensure the deposit is made within the time period required.

About Other →

FY 2020-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on December 29, 2020. 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 29, 2021, which was (1879 days ago).

What is a management decision? →
2020-001
Other
Condition

Condition - We tested 5 tenants to verify their eligibility and rent procedures and found discrepancies in one. The tenant?s application was not in their file. Criteria ? Documentation must be maintained showing that at the time of admission, the application proves that the tenant met the requirements. Effect ? The tenant?s application is unavailable to be reviewed by auditor. Cause ? ineffective internal controls and lack of management oversight. Recommendation ? Management should strengthen controls to ensure detection of errors. Corrective action ? Management has performed an internal audit of all tenant files to ensure that the permanent documents are in place and will be available as needed for the annual audit. Comments ? Management agrees with the finding and recommendation.

Corrective Action Plan

Corrective action ? Management has performed an internal audit of all tenant files to ensure that the permanent documents are in place and will be available as needed for the annual audit.

About Other →

FY 2017-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on February 7, 2018. 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 7, 2018, which was (2936 days ago).

What is a management decision? →
2017-001
Other
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Other →

FY 2016-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on September 29, 2016. 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 March 29, 2017, which was (3432 days ago).

What is a management decision? →
2016-001
Special Tests & Provisions
Condition

GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

About Special Tests and Provisions →

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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