EIN: 812119319
UEI: TZ1PSR64AXF7
Audited by: CBIZ CPAs P.C.
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 9, 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 9, 2026 (87 days ago).
What is a management decision? →FAC accepted this audit on September 27, 2024 — management decision was due March 27, 2025.
FAC accepted this audit on February 20, 2024 — management decision was due August 20, 2024.
FAC accepted this audit on November 16, 2022 — management decision was due May 16, 2023.
FAC accepted this audit on November 16, 2021 — management decision was due May 16, 2022.
FAC accepted this audit on October 7, 2020 — management decision was due April 7, 2021.
FAC accepted this audit on October 9, 2019 — management decision was due April 9, 2020.
The Organization repaid affiliate advances without a written approval from HUD. Context: During 2019, the Organization repaid advances from affiliates, totaling $116,656, that were used to pay for deposit and closing costs when the property was purchased in 2016. In addition, the Organization also repaid an advance from an affiliate of $130,000 that was used by the Organization to pay various vendors for the renovation of the property. Criteria: Section 15 of the HUD Regulatory Agreement states that borrower advances of funds made by the Borrower or any Affiliate for any reason may only be repaid with prior written approval from HUD, or if and to the extent that Borrower is permitted to take distributions, from funds allowable for Distributions, and only at times when the Distributions are permitted pursuant to Sections 13 and 14 of the HUD Regulatory Agreement. Cause: The Organization was not aware that payments of these affiliate advances (that were specifically related to the project) require HUD written approval, and there is currently no procedure in place to ensure that there is a written HUD approval before payments of advances to affiliates are approved. Effect: Repayment of these affiliate advances during the year made funds unavailable to meet the Organization?s current obligations, resulting in negative surplus cash calculation as of year-end. Questioned Cost: Total questioned cost of $246,656, however, the negative cash surplus was only $75,236, so the difference of $171,420 would have been cash surplus that could have been used to pay for the affiliate advances. Repeat Finding: No. Recommendation: We recommend that the Organization enhance their internal control procedures to ensure that payment of an advance of funds or loan for project items is made only after getting a written HUD approval in accordance with the HUD Regulatory Agreement. In addition, the affiliate should repay the $75,236 to the Organization or request approval from HUD for the excess payments. Views of Responsible Officials and Planned Corrective Action: Management feels that the $130,000 advance was covered under the borrower?s management agreement with an affiliate which states that the affiliate shall be reimbursed for all costs and expenses incurred on behalf of the Organization in connection with the management and operation of the complex. The affiliate returned the $75,236 to the Organization on September 27, 2019.
Show full finding ▾Hide full finding ▴Condition: The Organization repaid affiliate advances without a written approval from HUD. Context: During 2019, the Organization repaid advances from affiliates, totaling $116,656, that were used to pay for deposit and closing costs when the property was purchased in 2016. In addition, the Organization also repaid an advance from an affiliate of $130,000 that was used by the Organization to pay various vendors for the renovation of the property. Criteria: Section 15 of the HUD Regulatory Agreement states that borrower advances of funds made by the Borrower or any Affiliate for any reason may only be repaid with prior written approval from HUD, or if and to the extent that Borrower is permitted to take distributions, from funds allowable for Distributions, and only at times when the Distributions are permitted pursuant to Sections 13 and 14 of the HUD Regulatory Agreement. Cause: The Organization was not aware that payments of these affiliate advances (that were specifically related to the project) require HUD written approval, and there is currently no procedure in place to ensure that there is a written HUD approval before payments of advances to affiliates are approved. Effect: Repayment of these affiliate advances during the year made funds unavailable to meet the Organization?s current obligations, resulting in negative surplus cash calculation as of year-end. Questioned Cost: Total questioned cost of $246,656, however, the negative cash surplus was only $75,236, so the difference of $171,420 would have been cash surplus that could have been used to pay for the affiliate advances. Repeat Finding: No. Recommendation: We recommend that the Organization enhance their internal control procedures to ensure that payment of an advance of funds or loan for project items is made only after getting a written HUD approval in accordance with the HUD Regulatory Agreement. In addition, the affiliate should repay the $75,236 to the Organization or request approval from HUD for the excess payments. Views of Responsible Officials and Planned Corrective Action: Management feels that the $130,000 advance was covered under the borrower?s management agreement with an affiliate which states that the affiliate shall be reimbursed for all costs and expenses incurred on behalf of the Organization in connection with the management and operation of the complex. The affiliate returned the $75,236 to the Organization on September 27, 2019.
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Huntington Gardens, LLC respectfully submits the following corrective action plan for the year ended June 30, 2019. Independent Public Accounting Firm: Marcum LLP 1899 L Street NW, Suite 850 Washington, DC 20036 Audit Period: The finding from the June 30, 2019 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule. FINDINGS ? FEDERAL AWARD PROGRAMS AUDIT Finding No. 2019-001: Special Test and Provisions on Borrower?s Advances ? Material Weakness in Internal Control Over Compliance and Other Matter U.S Department of Housing and Urban Development (HUD), CFDA 14.155 - Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects Condition: The Organization repaid affiliate advances without a written approval from HUD. Context: During 2019, the Organization repaid advances from affiliates, totaling $116,656, that were used to pay for deposit and closing costs when the property was purchased in 2016. In addition, the Organization also repaid an advance from an affiliate of $130,000 that was used by the Organization to pay various vendors for the renovation of the property. Criteria: Section 15 of the HUD Regulatory Agreement states that borrower advances of funds made by the Borrower or any Affiliate for any reason may only be repaid with prior written approval from HUD, or if and to the extent that Borrower is permitted to take distributions, from funds allowable for Distributions, and only at times when the Distributions are permitted pursuant to Sections 13 and 14 of the HUD Regulatory Agreement. Recommendation: It was recommended that the Organization enhance their internal control procedures to ensure that payment of an advance of funds or loan for project items is made only after getting a written HUD approval in accordance with the HUD Regulatory Agreement. In addition, it was recommended that the affiliate should repay the $75,236 to the Organization or request approval from HUD for the excess payments. Action Taken: Management feels that the $130,000 advance was covered under the borrower?s management agreement with an affiliate which states that the affiliate shall be reimbursed for all costs and expenses incurred on behalf of the Organization in connection with the management and operation of the complex. The affiliate returned the $75,236 to the Organization on September 27, 2019. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call Bryan Krizek, Chief Executive Officer at 703-317-9086
FAC accepted this audit on October 8, 2018 — management decision was due April 8, 2019.
FAC accepted this audit on January 2, 2018 — management decision was due July 2, 2018.
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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