EIN: 912031606
UEI: RAGBUAR1C6C3
Audited by: PLANTE & MORAN, PLLC
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 January 6, 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 July 6, 2026 (59 days ago).
What is a management decision? →FAC accepted this audit on January 30, 2025 — management decision was due July 30, 2025.
FAC accepted this audit on April 24, 2024 — management decision was due October 24, 2024.
Finding Type - Immaterial noncompliance with major program requirements Title and Assistance Listing Number of Federal Program - 14.157 - Supportive Housing for the Elderly (Section 202) - Capital Advance Finding Resolution Status - In Process Information on Universe and Population Size - All required reserve deposits were audited which totals twelve monthly deposits. Sample Size Information - All required reserve deposits were audited which totals twelve monthly deposits. Identification of Repeat Finding and Finding Reference Number - n/a Criteria - The Corporation should have made 12 monthly deposits of $35,030 into the reserve for replacements account as required by the regulatory agreement. Statement of Condition - The Corporation failed to make the required reserve for replacements deposits in the current fiscal year. The Corporation made 10 deposits, therefore 2 months were underfunded. Cause - The Corporation monitored the cash requirements of the reserve for replacement account as specified by the Regulatory Agreement, however the Corporation was unable to make the required deposits due to cash flow shortages. Effect or Potential Effect - The replacement reserve account was underfunded in the current fiscal year by $70,060. Auditor Noncompliance Code - N - Reserve for replacements deposits Reporting Views of Responsible Officials - Management agrees the with the unfunded amount at September 30, 2023. Context - The replacement reserve monthly deposits were not able to be made due to cash flow shortages at the property. Recommendation - All required deposits should be made in accordance with the regulatory agreement. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management should make the required reserve for replacements deposits in the current fiscal year. Response Indicator - Agree Completion Date - September 30, 2024 Response - Management acknowledges noncompliance in the current fiscal year and has taken measures to rectify the cash shortfall. Management has made two deposits during the year ended September 30, 2024 in order to correct the funding of the reserve for replacement account.
Show full finding ▾Hide full finding ▴Finding Type - Immaterial noncompliance with major program requirements Title and Assistance Listing Number of Federal Program - 14.157 - Supportive Housing for the Elderly (Section 202) - Capital Advance Finding Resolution Status - In Process Information on Universe and Population Size - All required reserve deposits were audited which totals twelve monthly deposits. Sample Size Information - All required reserve deposits were audited which totals twelve monthly deposits. Identification of Repeat Finding and Finding Reference Number - n/a Criteria - The Corporation should have made 12 monthly deposits of $35,030 into the reserve for replacements account as required by the regulatory agreement. Statement of Condition - The Corporation failed to make the required reserve for replacements deposits in the current fiscal year. The Corporation made 10 deposits, therefore 2 months were underfunded. Cause - The Corporation monitored the cash requirements of the reserve for replacement account as specified by the Regulatory Agreement, however the Corporation was unable to make the required deposits due to cash flow shortages. Effect or Potential Effect - The replacement reserve account was underfunded in the current fiscal year by $70,060. Auditor Noncompliance Code - N - Reserve for replacements deposits Reporting Views of Responsible Officials - Management agrees the with the unfunded amount at September 30, 2023. Context - The replacement reserve monthly deposits were not able to be made due to cash flow shortages at the property. Recommendation - All required deposits should be made in accordance with the regulatory agreement. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations - Management should make the required reserve for replacements deposits in the current fiscal year. Response Indicator - Agree Completion Date - September 30, 2024 Response - Management acknowledges noncompliance in the current fiscal year and has taken measures to rectify the cash shortfall. Management has made two deposits during the year ended September 30, 2024 in order to correct the funding of the reserve for replacement account.
Finding Number: 2023-01 Condition: The Corporation failed to make the required reserve for replacements deposits in the current fiscal year. The Corporation made 10 deposits, therefore 2 months were underfunded. Planned Corrective Action: Management has made two deposits during the year ended September 30, 2024 in order to correct the funding of the replacement reserve account. Contact person responsible for corrective action: Jill Kolb, Vice President – Housing Accounting Anticipated Completion Date: September 30, 2024
FAC accepted this audit on December 4, 2022 — management decision was due June 4, 2023.
FAC accepted this audit on December 29, 2021 — management decision was due June 29, 2022.
FAC accepted this audit on December 22, 2020 — management decision was due June 22, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
Finding Type Immaterial noncompliance with major program requirements Title and CFDA Number of Federal Program 14.157 Supportive Housing for the Elderly (Section 202) Capital Advance Finding Resolution Status Resolved Information on Universe and Population Size Annual reserve for replacement deposits is reviewed as a part of audit procedures. Sample Size Information Annual reserve for replacement deposits is reviewed as a part of audit procedures. Identification of Repeat Finding and Finding Reference Number N/A Criteria The Corporation should have made 9 monthly deposits of $8,681 and 3 monthly deposits of $35,030 into the reserve for replacements account as required by the regulatory agreement. Statement of Condition The Corporation failed to make the required reserve for replacements deposits in the current fiscal year. Cause Due to low cash position, the Corporation failed to make the required reserve for replacement account as specified by the regulatory agreement. Effect or Potential Effect The replacement reserve account was underfunded in the current fiscal year by $105,090 Auditor Noncompliance Code N Reserve for replacements deposits Reporting Views of Responsible Officials The Corporation agrees with the finding as reported. Context During our testing of reserve for replacement deposits in accordance with the Regulatory Agreement, an instance of noncompliance was noted. Recommendation All required deposits should be made in accordance with the regulatory agreement. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations Management should make the required reserve for replacements deposits in the current fiscal year. Response Indicator Agree Completion Date October 4, 2019 Response Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance. Two deposits for the underfunded amount totaling $105,090 were made on October 1, 2019 and October 4, 2019.
Show full finding ▾Hide full finding ▴Finding Type Immaterial noncompliance with major program requirements Title and CFDA Number of Federal Program 14.157 Supportive Housing for the Elderly (Section 202) Capital Advance Finding Resolution Status Resolved Information on Universe and Population Size Annual reserve for replacement deposits is reviewed as a part of audit procedures. Sample Size Information Annual reserve for replacement deposits is reviewed as a part of audit procedures. Identification of Repeat Finding and Finding Reference Number N/A Criteria The Corporation should have made 9 monthly deposits of $8,681 and 3 monthly deposits of $35,030 into the reserve for replacements account as required by the regulatory agreement. Statement of Condition The Corporation failed to make the required reserve for replacements deposits in the current fiscal year. Cause Due to low cash position, the Corporation failed to make the required reserve for replacement account as specified by the regulatory agreement. Effect or Potential Effect The replacement reserve account was underfunded in the current fiscal year by $105,090 Auditor Noncompliance Code N Reserve for replacements deposits Reporting Views of Responsible Officials The Corporation agrees with the finding as reported. Context During our testing of reserve for replacement deposits in accordance with the Regulatory Agreement, an instance of noncompliance was noted. Recommendation All required deposits should be made in accordance with the regulatory agreement. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations Management should make the required reserve for replacements deposits in the current fiscal year. Response Indicator Agree Completion Date October 4, 2019 Response Management acknowledges noncompliance in the current fiscal year and has taken measures to improve internal controls over compliance. Two deposits for the underfunded amount totaling $105,090 were made on October 1, 2019 and October 4, 2019.
1. Comments on Findings and Recommendation Management acknowledges noncompliance in the current fiscal year due to lack of operating cash and has taken measures to ensure the replacement reserve is fully funded in future years. 2. Actions Taken or Planned Management made the delinquent deposits to the reserve for replacement account on October 2, 2019 and October 4, 2019. 3. Status of Corrective Actions on Prior Findings N/A no prior year findings.
FAC accepted this audit on December 15, 2018 — management decision was due June 15, 2019.
FAC accepted this audit on January 8, 2018 — management decision was due July 8, 2018.
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on December 14, 2016 — management decision was due June 14, 2017.
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