EIN: 911604011
UEI: GSA_MIGRATION
Audited by: HARRIS CPAS
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 September 20, 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 March 20, 2024 (898 days ago).
What is a management decision? →The Organization did not complete and submit its single audit within nine months after the end of the audit period.Cause: The Organization did not have a proper internal control structure in place to complete its single audit requirement in a timely manner.Effect: Users of the financial statements do not have timely access to the Organization?s financial information.Questioned Costs: None.Recommendation: Management should develop a review process to ensure that the financial information is recorded appropriately in accordance with generally accepted accounting principles, is properly reconciled and recorded at year-end in a timely manner, and audits are completed in a timely manner in accordance with 2 CFR Section 200.512.Views of Responsible Officials: Management is aware of the situation but the Organization has no financial resources to satisfy the revolving funds. 2021-001 Financial Statement Close Procedures and Material Audit AdjustmentsCriteria:During the course of our engagement, we proposed material audit adjustments that would not have been identified through Organization?s internal control process, and therefore could have resulted in a misstatements of the Organization?s financial statements. This included cash, accounts receivable, construction in progress, accounts payable, deferred revenue and debt. The internal control structure should include procedures to ensure that account balances are properly stated and reconciled at year-end in a timely manner.Condition:An internal control system design must include elements to properly reconcile account balances at year-end, post-closing entries, and to record items in accordance with generally accepted accounting principles.Cause:The Organization did not have a proper internal control structure in place to identify material adjustments.Effect:Material audit adjustments were proposed and made through the course of the audit. If these adjustments were not recorded, the financial statements could have been materially misstated.Recommendation:Management should develop a review process to ensure that the financial information is recorded appropriately in accordance with generally accepted accounting principles and is properly reconciled and recorded at year-end in a timely manner.Views of Responsible Officials:Management will work to develop the proper procedures to ensure that balances are appropriately reconciled at year-end and recorded in accordance with generally accepted accounting principles.
Show full finding ▾Hide full finding ▴2021-001 Single Audit Completion and SubmissionFederal CFDAProgram Title NumberHome Investment Partnership Program 14.239Criteria: 2 CFR Section 200.512 (a)(1) states that the Organization?s single audit must be completed and the data collection form must be submitted nine months after the end of the audit period.Condition:The Organization did not complete and submit its single audit within nine months after the end of the audit period.Cause: The Organization did not have a proper internal control structure in place to complete its single audit requirement in a timely manner.Effect: Users of the financial statements do not have timely access to the Organization?s financial information.Questioned Costs: None.Recommendation: Management should develop a review process to ensure that the financial information is recorded appropriately in accordance with generally accepted accounting principles, is properly reconciled and recorded at year-end in a timely manner, and audits are completed in a timely manner in accordance with 2 CFR Section 200.512.Views of Responsible Officials: Management is aware of the situation but the Organization has no financial resources to satisfy the revolving funds. 2021-001 Financial Statement Close Procedures and Material Audit AdjustmentsCriteria:During the course of our engagement, we proposed material audit adjustments that would not have been identified through Organization?s internal control process, and therefore could have resulted in a misstatements of the Organization?s financial statements. This included cash, accounts receivable, construction in progress, accounts payable, deferred revenue and debt. The internal control structure should include procedures to ensure that account balances are properly stated and reconciled at year-end in a timely manner.Condition:An internal control system design must include elements to properly reconcile account balances at year-end, post-closing entries, and to record items in accordance with generally accepted accounting principles.Cause:The Organization did not have a proper internal control structure in place to identify material adjustments.Effect:Material audit adjustments were proposed and made through the course of the audit. If these adjustments were not recorded, the financial statements could have been materially misstated.Recommendation:Management should develop a review process to ensure that the financial information is recorded appropriately in accordance with generally accepted accounting principles and is properly reconciled and recorded at year-end in a timely manner.Views of Responsible Officials:Management will work to develop the proper procedures to ensure that balances are appropriately reconciled at year-end and recorded in accordance with generally accepted accounting principles.
Finding: 2021-001 Single Audit Completion and Submission2021-001 Financial statement close and material adjustmentsName of contact person: Sue Elkin, CEOCorrective Action: The Organization started its remediation of its accounting closing processes during 2022. As a part of the Organization?s remediation they hired an external accountant to provide services over the Organization?s accounting and financial processes. Timely and accurate accounting records will ensure the timely completion of future reporting requirements for the Organization.Proposed Completion Date: September 30, 2023.
FAC accepted this audit on April 11, 2021 — management decision was due October 11, 2021.
Uncommitted HOME funds were not deposited in a revolving fund account. Context: Out of the $626,678 HOME loan funds, $15,850 remains committed in homebuyer deferred notes. Uncommitted funds of $610,828 were not maintained in a revolving fund. Effect or potential effect: Homeownership Center of Tacoma may be in default for noncompliance with its agreements. The Organization may not be able to pay its obligation under the loan agreement when it becomes due. Cause: The Organization utilized projects proceeds that should be recaptured in a revolving fund for administrative expenses. Questioned costs: $610,828 Identification of repeat findings: This is a reiteration of prior year findings 2019-001. Recommendation: We recommend that the Organization establish the required revolving funds, and manage the revolving funds in accordance with the respective agreements. Views of responsible personnel and planned corrective actions: Management is aware of the situation but the Organization has no financial resources to satisfy the revolving funds.
Show full finding ▾Hide full finding ▴2020-003 ? 14.239 HOME Investment Partnerships Program, Program Income Criteria: HOME loans with the City of Tacoma require the Organization to maintain a revolving loan fund distinct and separate from all other funds. The loan initially used for acquisition and rehabilitation of single-family homes and providing loans to eligible buyers are required to be recaptured into a revolving funds from the proceeds of sales of homes, repayment of loan principal and interests, and all other income derived from the use of HOME funds. The revolving fund will be used for the same activities initially funded by the loan and cannot be used for program management, unless with written approval. Condition: Uncommitted HOME funds were not deposited in a revolving fund account. Context: Out of the $626,678 HOME loan funds, $15,850 remains committed in homebuyer deferred notes. Uncommitted funds of $610,828 were not maintained in a revolving fund. Effect or potential effect: Homeownership Center of Tacoma may be in default for noncompliance with its agreements. The Organization may not be able to pay its obligation under the loan agreement when it becomes due. Cause: The Organization utilized projects proceeds that should be recaptured in a revolving fund for administrative expenses. Questioned costs: $610,828 Identification of repeat findings: This is a reiteration of prior year findings 2019-001. Recommendation: We recommend that the Organization establish the required revolving funds, and manage the revolving funds in accordance with the respective agreements. Views of responsible personnel and planned corrective actions: Management is aware of the situation but the Organization has no financial resources to satisfy the revolving funds.
Finding 2020-003 ? Noncompliance Finding ? HOME Investment Partnerships program Loan, Program Income - Material noncompliance We have no disagreement with the audit findings. We are aware of the deficiency in the HOME revolving funds. The Organization has no financial resources to establish the revolving funds. The federal award monitor is aware of the lack of funding in the revolving loan fund. The federal award monitor does not require the revolving loan fund to be maintained. The Executive Director, David Puszczewics will be responsible for ensuring that the correcting actions take place as described. If you have any questions or require additional information, please feel free to contact her at 253-627-6560 or david@hcthomes.org.
2019-001
FAC accepted this audit on February 12, 2020 — management decision was due August 12, 2020.
At June 30, 2019, HOME funds of $610,828 not committed to homebuyer notes or housing projects in progress are not deposited in a revolving fund account. The HOME loans are due in July 2045. Context: Out of the $626,678 in HOME loan funds, $15,850 remains committed in homebuyer deferred notes, with the difference of $610,828 not deposited in a revolving fund, nor invested in housing under development. Effect or potential effect: Homeownership Center of Tacoma may be in default for noncompliance with its agreements. Cause: The Organization had comingled the proceeds from the HOME funds with other funds. Questioned costs: $610,828 Identification of repeat findings: Not applicable Recommendation: We recommend that the Organization to separate the comingled HOME funds from other funds, and manage the HOME funds in accordance with the loan agreement. Views of responsible personnel and planned corrective actions: Management is aware of the situation but the Organization has no financial resources to satisfy the revolving funds.
Show full finding ▾Hide full finding ▴2019-001 ? 14.239 HOME Investment Partnerships Program, Program Income Criteria: HOME loan agreements require the organization to maintain a revolving loan fund distinct and separate from all other funds. The loan was initially used for the acquisition and rehabilitation of single-family homes and providing loans to eligible buyers. The proceeds from sales of homes, repayment of loan principal and interests from assisted buyers, and all other income derived from the use of HOME funds are required to be deposited and accounted for under the revolving fund, and will be expended to activities initially funded by the loan. Funds from the revolving fund cannot be used for program management, unless with written approval. Condition: At June 30, 2019, HOME funds of $610,828 not committed to homebuyer notes or housing projects in progress are not deposited in a revolving fund account. The HOME loans are due in July 2045. Context: Out of the $626,678 in HOME loan funds, $15,850 remains committed in homebuyer deferred notes, with the difference of $610,828 not deposited in a revolving fund, nor invested in housing under development. Effect or potential effect: Homeownership Center of Tacoma may be in default for noncompliance with its agreements. Cause: The Organization had comingled the proceeds from the HOME funds with other funds. Questioned costs: $610,828 Identification of repeat findings: Not applicable Recommendation: We recommend that the Organization to separate the comingled HOME funds from other funds, and manage the HOME funds in accordance with the loan agreement. Views of responsible personnel and planned corrective actions: Management is aware of the situation but the Organization has no financial resources to satisfy the revolving funds.
Finding 2019-001 ? Noncompliance Finding ? HOME Investment Partnerships program Loan, Program Income - Material noncompliance We have no disagreement with the audit findings. We are aware of the deficiency in the revolving funds. The Organization has no financial resources to establish the revolving funds. The federal award monitor is aware of the lack of funding in the revolving loan fund. The federal award monitor does not require the revolving loan fund to be maintained. The Executive Director, David Puszczewics will be responsible for ensuring that the correcting actions take place as described. If you have any questions or require additional information, please feel free to contact her at 253-627-6560 or david@hcthomes.org.
FAC accepted this audit on February 14, 2018 — management decision was due August 14, 2018.
FAC accepted this audit on July 30, 2017 — management decision was due January 30, 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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