EIN: 911792694
UEI: VZX3L68TYDZ8
Audited by: LLOYD B. MCMANUS, CPA, PLLC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 14, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 12, 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 November 12, 2026 (57 days from today).
What is a management decision? →FAC accepted this audit on April 25, 2025 — management decision was due October 25, 2025.
FAC accepted this audit on February 20, 2024 — management decision was due August 20, 2024.
FAC accepted this audit on January 12, 2023 — management decision was due July 12, 2023.
FAC accepted this audit on May 12, 2022 — management decision was due November 12, 2022.
C. FINDINGS AND QUESTIONED COSTS ? AUDIT OF MAJOR FEDERAL AWARD PROGRAM Finding No: 2021-1 STATEMENT OF CONDITION: The Company did not file its year ended September 30, 2021 financial statement on time with REAC. CRITERIA: HUD regulations and the mortgage note require that the year end financial statements must be filed with REAC within 90 days of its year end. EFFECT OF CONDITION: The Company is in violation with its regulatory agreement with HUD and its mortgage note. The violation code could cause HUD not to allow withdrawals from the Company?s Reserve for Replacement. CAUSE OF CONDITION: Due to the work restrictions caused by COVID-19, it has taken longer than planned. Both the Company?s staff and the Auditors have been working remote. RECOMMENDATION: The Company has filed its financial statements by January 12, 2022.
Show full finding ▾Hide full finding ▴C. FINDINGS AND QUESTIONED COSTS ? AUDIT OF MAJOR FEDERAL AWARD PROGRAM Finding No: 2021-1 STATEMENT OF CONDITION: The Company did not file its year ended September 30, 2021 financial statement on time with REAC. CRITERIA: HUD regulations and the mortgage note require that the year end financial statements must be filed with REAC within 90 days of its year end. EFFECT OF CONDITION: The Company is in violation with its regulatory agreement with HUD and its mortgage note. The violation code could cause HUD not to allow withdrawals from the Company?s Reserve for Replacement. CAUSE OF CONDITION: Due to the work restrictions caused by COVID-19, it has taken longer than planned. Both the Company?s staff and the Auditors have been working remote. RECOMMENDATION: The Company has filed its financial statements by January 12, 2022.
Due to the work restrictions caused by COVID-19, it has taken longer than planned to file timely. Both the Company?s staff and the Auditors have been working remote. Management did not file the Project's financial statements on time, HUD regulations require that the financial statements be filed within 90 days of its year end. As a result the company was in violation of its regulatory agreement with HUD. The company submitted audited financial statements on January 12, 2022 and will file annual audited financial statements on time going forward. SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS Status - Finding 2020-1 Resolved: The year ended 9/30/2020 financial statements were filed with REAC on January 13, 2020.
2020-001
FAC accepted this audit on February 24, 2021 — management decision was due August 24, 2021.
C. FINDINGS AND QUESTIONED COSTS ? AUDIT OF MAJOR FEDERAL AWARD PROGRAM Finding No: 2020-1 STATEMENT OF CONDITION: The Company did not file its year ended September 30, 20120 financial statement on time with REAC. CRITERIA: HUD regulations and the mortgage note require that the year end financial statements must be filed with REAC within 90 days of its year end. EFFECT OF CONDITION: The Company is in violation with its regulatory agreement with HUD and its mortgage note. The violation code could cause HUD not to allow withdrawals from the Company?s Reserve for Replacement. CAUSE OF CONDITION: Due to the work restrictions caused by COVID-19, it has taken longer than planned. Both the Company?s staff and the Auditors have been working remote. RECOMMENDATION: The Company has filed its financial statements by January 15, 2021.
Show full finding ▾Hide full finding ▴C. FINDINGS AND QUESTIONED COSTS ? AUDIT OF MAJOR FEDERAL AWARD PROGRAM Finding No: 2020-1 STATEMENT OF CONDITION: The Company did not file its year ended September 30, 20120 financial statement on time with REAC. CRITERIA: HUD regulations and the mortgage note require that the year end financial statements must be filed with REAC within 90 days of its year end. EFFECT OF CONDITION: The Company is in violation with its regulatory agreement with HUD and its mortgage note. The violation code could cause HUD not to allow withdrawals from the Company?s Reserve for Replacement. CAUSE OF CONDITION: Due to the work restrictions caused by COVID-19, it has taken longer than planned. Both the Company?s staff and the Auditors have been working remote. RECOMMENDATION: The Company has filed its financial statements by January 15, 2021.
The Company has filed its financial statements by January 15, 2021.
FAC accepted this audit on February 21, 2020 — management decision was due August 21, 2020.
FAC accepted this audit on March 1, 2019 — management decision was due September 1, 2019.
FAC accepted this audit on January 25, 2018 — management decision was due July 25, 2018.
FAC accepted this audit on December 29, 2016 — management decision was due June 29, 2017.
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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