EIN: 931057208
UEI: SMVGZW1YGH86
Audited by: CohnReznick
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 August 15, 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 February 15, 2026 (205 days ago).
What is a management decision? →FAC accepted this audit on July 24, 2024 — management decision was due January 24, 2025.
FAC accepted this audit on September 21, 2023 — management decision was due March 21, 2024.
FAC accepted this audit on March 12, 2023 — management decision was due September 12, 2023.
Finding No. 2021-002 Statement of Condition In connection with the lease file review, we noted the following deficiencies: ? For 2 out of 5 existing tenant files tested, income verification does not agree with amounts shown on Form 50059. ? 2 out of 2 former tenant tested did not have the move-out inspections in the tenant lease file. ? For 1 out 5 existing tenant files tested, the asset supporting documents was missing from tenant lease file. ? For 1 out 5 existing tenant files tested, the tenant asset support was not calculated correctly. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Cause Management's policies with respect to the determination of eligibility and the maintenance of tenant lease files in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs were not consistently followed. Potential Effect The procedures for determining eligibility and maintaining tenant lease files were not consistently applied in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. This could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code - R - Section 8 program administration
Show full finding ▾Hide full finding ▴Finding No. 2021-002 Statement of Condition In connection with the lease file review, we noted the following deficiencies: ? For 2 out of 5 existing tenant files tested, income verification does not agree with amounts shown on Form 50059. ? 2 out of 2 former tenant tested did not have the move-out inspections in the tenant lease file. ? For 1 out 5 existing tenant files tested, the asset supporting documents was missing from tenant lease file. ? For 1 out 5 existing tenant files tested, the tenant asset support was not calculated correctly. Criteria Tenant lease files are required to be maintained and tenant eligibility determined in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Cause Management's policies with respect to the determination of eligibility and the maintenance of tenant lease files in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs were not consistently followed. Potential Effect The procedures for determining eligibility and maintaining tenant lease files were not consistently applied in accordance with HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. This could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Recommendation Management should establish procedures and monitor compliance with those procedures to insure that tenant eligibility is correctly determined and that tenant lease files are properly maintained in accordance with the requirements of HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs. Auditor Noncompliance Code - R - Section 8 program administration
Management agrees with this finding and has taken steps to correct this deficiency. New leadership was put in place to manage the Managing Agent. Steps were taken to replace, train or improve the performance of property managers. Policies and procedures will be reviewed and updated to ensure compliance with tenant eligibility, and tenant lease files are properly maintained in accordance with HUD requirements.
FAC accepted this audit on February 7, 2022 — management decision was due August 7, 2022.
FAC accepted this audit on December 27, 2020 — management decision was due June 27, 2021.
FAC accepted this audit on July 1, 2018 — management decision was due January 1, 2019.
FAC accepted this audit on August 6, 2017 — management decision was due February 6, 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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