EIN: 900086217
UEI: K4N6VALUEHE5
Data as of August 22, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 23, 2023. 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 23, 2023 (1034 days ago).
What is a management decision? →During the year ended December 31, 2022, the Company's fidelity bond was less than the required amount of two months gross potential income or $50,000. Cause: Oversight by management. Effect or Potential Effect: Noncompliant with HUD regulations. Auditor Non-Compliance Code: Z - Other Questioned Costs: $0 Reportable Views of Responsible Officials: Management is in agreement with the finding and has started the process to increase to increase the policy coverage amount. Context: Not applicable Recommendation: The Company should increase the policy to be in compliance with HUD regulations. Response Indicator: Agree Completion Date: 12/31/2023
Show full finding ▾Hide full finding ▴Finding Reference Number: 2022-01 Title and CFDA Number of Federal Program: Section 202 Capital Advance and PRAC, 14.157 Type of Finding: Federal Award Finding Finding Resolution Status: In Process Information on Universe Population Size: 0 Sample Size Information: 0 Identification of Repeat Finding and Finding Reference Number: Not applicable Criteria: Fidelity bond policy should provide coverage totaling two months gross potential rent or $50,000, whichever is higher. Statement of Condition: During the year ended December 31, 2022, the Company's fidelity bond was less than the required amount of two months gross potential income or $50,000. Cause: Oversight by management. Effect or Potential Effect: Noncompliant with HUD regulations. Auditor Non-Compliance Code: Z - Other Questioned Costs: $0 Reportable Views of Responsible Officials: Management is in agreement with the finding and has started the process to increase to increase the policy coverage amount. Context: Not applicable Recommendation: The Company should increase the policy to be in compliance with HUD regulations. Response Indicator: Agree Completion Date: 12/31/2023
Reportable Views of Responsible Officials: Management is in agreement with the finding and has started the process to increase to increase the policy coverage amount.
FAC accepted this audit on November 3, 2021 — management decision was due May 3, 2022.
In January 2020, the Project received a demand letter from a vendor for 25 unpaid invoices dating from August 2015 to December 2019 totaling $11,820. These invoices were for completion of turnkey repairs for vacant units. The site manager failed to submit these invoices; therefore, these costs were never recorded on the books or paid until 2020.Cause: Oversight by site manager.Effect or Potential Effect: Nonpayment of eligible project costs incurred and understatement of expenses.Auditor Non-Compliance Code: S - Internal control deficienciesQuestioned Costs: $11,820Reportable Views of Responsible Officials: We have discussed the errors identified during the audit with the site manager and have reemphasized the proper procedures for processing vendor invoices; including using the purchase order approval process/system. There is an established centralized intake process that streamlines the intake process for ?electronic incoming mail/invoices.? The e-mailbox designed specifically for vendor invoices must be used so that vendor invoices are processed and paid timely to avoid any unnecessary late fees/charges. Upon receipt, site management further understands that all vendor invoices should be forwarded electronically to the ?assigned e-mail inbox? for payables to avoid any delays in payments.Context: Not applicableRecommendation: Review proper procedures for processing vendor invoices with the site manager.Auditors? Summary of the Auditee?s Comments on the Findings and Recommendations: Management has reviewed proper procedures for processing vendor invoices with the site manager.Response Indicator: AgreeCompletion Date: 12/31/2020Response: Management has discussed the errors identified during the audit with the site manager and have reemphasized the proper procedures for processing vendor invoices; including using the purchase order approval process/system. There is an established centralized intake process that streamlines the intake process for ?electronic incoming mail/invoices.? The e-mailbox designed specifically for vendor invoices must be used so that vendor invoices are processed and paid timely to avoid any unnecessary late fees/charges. Upon receipt, site management further understands that all vendor invoices should be forwarded electronically to the ?assigned e-mail inbox? for payables to avoid any delays in payments.
Show full finding ▾Hide full finding ▴Finding Reference Number: 2020-1Title and CFDA Number of Federal Program: Section 202 Capital Advance and Project Assistance Rental #14.157Type of Finding: Financial Statement and Federal Award FindingFinding Resolution Status: ResolvedInformation on Universe Population Size: 25Sample Size Information: 25Identification of Repeat Finding and Finding Reference Number: Not applicableCriteria: Project expenditures should be recorded in the period in which incurred.Statement of Condition: In January 2020, the Project received a demand letter from a vendor for 25 unpaid invoices dating from August 2015 to December 2019 totaling $11,820. These invoices were for completion of turnkey repairs for vacant units. The site manager failed to submit these invoices; therefore, these costs were never recorded on the books or paid until 2020.Cause: Oversight by site manager.Effect or Potential Effect: Nonpayment of eligible project costs incurred and understatement of expenses.Auditor Non-Compliance Code: S - Internal control deficienciesQuestioned Costs: $11,820Reportable Views of Responsible Officials: We have discussed the errors identified during the audit with the site manager and have reemphasized the proper procedures for processing vendor invoices; including using the purchase order approval process/system. There is an established centralized intake process that streamlines the intake process for ?electronic incoming mail/invoices.? The e-mailbox designed specifically for vendor invoices must be used so that vendor invoices are processed and paid timely to avoid any unnecessary late fees/charges. Upon receipt, site management further understands that all vendor invoices should be forwarded electronically to the ?assigned e-mail inbox? for payables to avoid any delays in payments.Context: Not applicableRecommendation: Review proper procedures for processing vendor invoices with the site manager.Auditors? Summary of the Auditee?s Comments on the Findings and Recommendations: Management has reviewed proper procedures for processing vendor invoices with the site manager.Response Indicator: AgreeCompletion Date: 12/31/2020Response: Management has discussed the errors identified during the audit with the site manager and have reemphasized the proper procedures for processing vendor invoices; including using the purchase order approval process/system. There is an established centralized intake process that streamlines the intake process for ?electronic incoming mail/invoices.? The e-mailbox designed specifically for vendor invoices must be used so that vendor invoices are processed and paid timely to avoid any unnecessary late fees/charges. Upon receipt, site management further understands that all vendor invoices should be forwarded electronically to the ?assigned e-mail inbox? for payables to avoid any delays in payments.
Finding Reference Number: 2020-1Title and CFDA Number of Federal Program: Section 202 Capital Advance and Project Assistance Rental #14.157Type of Finding: Financial Statement and Federal Award FindingFinding Resolution Status: ResolvedInformation on Universe Population Size: 25Sample Size Information: 25Identification of Repeat Finding and Finding Reference Number: Not applicableCriteria: Project expenditures should be recorded in the period in which incurred.Statement of Condition: In January 2020, the Project received a demand letter from a vendor for 25 unpaid invoices dating from August 2015 to December 2019 totaling $11,820. These invoices were for completion of turnkey repairs for vacant units. The site manager failed to submit these invoices; therefore, these costs were never recorded on the books or paid until 2020.Cause: Oversight by site manager.Effect or Potential Effect: Nonpayment of eligible project costs incurred and understatement of expenses.Auditor Non-Compliance Code: S - Internal control deficienciesQuestioned Costs: $11,820Reportable Views of Responsible Officials: We have discussed the errors identified during the audit with the site manager and have reemphasized the proper procedures for processing vendor invoices; including using the purchase order approval process/system. There is an established centralized intake process that streamlines the intake process for ?electronic incoming mail/invoices.? The e-mailbox designed specifically for vendor invoices must be used so that vendor invoices are processed and paid timely to avoid any unnecessary late fees/charges. Upon receipt, site management further understands that all vendor invoices should be forwarded electronically to the ?assigned e-mail inbox? for payables to avoid any delays in payments.Context: Not applicableRecommendation: Review proper procedures for processing vendor invoices with the site manager.Auditors? Summary of the Auditee?s Comments on the Findings and Recommendations: Management has reviewed proper procedures for processing vendor invoices with the site manager.Response Indicator: AgreeCompletion Date: 12/31/2020Response: Management has discussed the errors identified during the audit with the site manager and have reemphasized the proper procedures for processing vendor invoices; including using the purchase order approval process/system. There is an established centralized intake process that streamlines the intake process for ?electronic incoming mail/invoices.? The e-mailbox designed specifically for vendor invoices must be used so that vendor invoices are processed and paid timely to avoid any unnecessary late fees/charges. Upon receipt, site management further understands that all vendor invoices should be forwarded electronically to the ?assigned e-mail inbox? for payables to avoid any delays in payments.
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