EIN: 931111589
UEI: LVAJSKMPT6A5
Audited by: MCDONALD JACOBS, PC
Oversight agency: 21 [Department of the Treasury]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 6, 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 August 6, 2023 (1123 days ago).
What is a management decision? →Finding # 2022-001 Type: : Significant Deficiency over reporting CFDA Number: U.S. Department of Treasury 21.024 Community Development Financial Institutions Rapid Response Program Criteria/Requirement: Annual financial condition reports and performance reports should be prepared, reviewed, and timely submitted to funding agencies. Condition/Context: The three sample selections could not be located. Financial statement audit report was due by December 31, 2021. The report was submitted on July 6, 2022, subsequent to the deadline. Cause: There are no controls in place to monitor completion and document review and submission of the required reports. Effect: Reports may be inaccurate and not submitted timely to agencies. Questioned Costs: None. Recommendation: Proper controls and segregation of duties should be implemented to monitor timely completion and submission of required reports. In addition, there should be a documented review by appropriate personnel of the report data (someone other than the preparer), before submission. Copies of submitted reports should be maintained in a retrievable manner. Management?s Response: Management will implement a supervisory review and approval of all reports as well as develop a process for documenting the review of reports.
Show full finding ▾Hide full finding ▴Finding # 2022-001 Type: : Significant Deficiency over reporting CFDA Number: U.S. Department of Treasury 21.024 Community Development Financial Institutions Rapid Response Program Criteria/Requirement: Annual financial condition reports and performance reports should be prepared, reviewed, and timely submitted to funding agencies. Condition/Context: The three sample selections could not be located. Financial statement audit report was due by December 31, 2021. The report was submitted on July 6, 2022, subsequent to the deadline. Cause: There are no controls in place to monitor completion and document review and submission of the required reports. Effect: Reports may be inaccurate and not submitted timely to agencies. Questioned Costs: None. Recommendation: Proper controls and segregation of duties should be implemented to monitor timely completion and submission of required reports. In addition, there should be a documented review by appropriate personnel of the report data (someone other than the preparer), before submission. Copies of submitted reports should be maintained in a retrievable manner. Management?s Response: Management will implement a supervisory review and approval of all reports as well as develop a process for documenting the review of reports.
Contact Person of Portland Housing Center: Mark Palardy Name and Address of Independent Public Accounting Firm: McDonald Jacobs, P.C. 520 SW Yamhill, Suite 500 Portland, OR 97204 Audit Period: July 1, 2021 through June 30, 2022. The findings from the June 30, 2022 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedules. Finding # 2022-001: Reporting Type: Federal Awards, Significant Deficiency, Immaterial Noncompliance CFDA: 21.024 Agency U.S. Department of Treasury Significant Deficiency and Noncompliance The three report selections could not be located. In addition, the financial statement audit report was due by December 31, 2021 and was submitted on July 6, 2022, subsequent to the deadline. Recommendation: Proper controls and segregation of duties should be implemented to monitor timely completion and submission of required reports. In addition, there should be a documented review by appropriate personnel of the report data (someone other than the preparer), before submission. Copies of submitted reports should be maintained in a retrievable manner. Corrective Action: We will develop a process to ensure reports are reviewed by a supervisory personnel as well as documentation retained showing review. Completion Date: March 31, 2023
FAC accepted this audit on December 19, 2021 — management decision was due June 19, 2022.
FAC accepted this audit on November 3, 2020 — management decision was due May 3, 2021.
FAC accepted this audit on November 4, 2019 — management decision was due May 4, 2020.
Finding # 2019-001 Type: Federal Award ? Significant deficiency CFDA Number: US Department of Treasury 21.010 Community Development Financial Institutions Program Requirement: Management is required to verify that loan recipients are not on the excluded parties list. Condition/Context: Steps are not consistently taken to verify loan recipients are not on the excluded parties list. Cause: Management does not have a process in place to verify loan recipients are not on the excluded parties list. Effect: Disbursements could be made to a participant who is on the excluded parties list. Questioned Costs: None. Recommendation: The Center should develop a process during screening to verify loan recipients are not on the excluded parties list. Management?s Response: We accept and agree with the auditor?s comments. The Center has implemented a screening process for all applications for loans from the Center to be verified they are not included on the excluded parties listing during the underwriting process.
Show full finding ▾Hide full finding ▴Finding # 2019-001 Type: Federal Award ? Significant deficiency CFDA Number: US Department of Treasury 21.010 Community Development Financial Institutions Program Requirement: Management is required to verify that loan recipients are not on the excluded parties list. Condition/Context: Steps are not consistently taken to verify loan recipients are not on the excluded parties list. Cause: Management does not have a process in place to verify loan recipients are not on the excluded parties list. Effect: Disbursements could be made to a participant who is on the excluded parties list. Questioned Costs: None. Recommendation: The Center should develop a process during screening to verify loan recipients are not on the excluded parties list. Management?s Response: We accept and agree with the auditor?s comments. The Center has implemented a screening process for all applications for loans from the Center to be verified they are not included on the excluded parties listing during the underwriting process.
Portland Housing Center respectfully submits the following corrective action plan for the year ended June 30, 2019. Contact Person of Portland Housing Center: Kala Biittner, Finance Director 3233 NE Sandy Blvd Portland, OR 97232 Name and Address of Independent Public Accounting Firm: McDonald Jacobs, P.C. 520 SW Yamhill, Suite 500 Portland, OR 97204 Audit Period: July 1, 2018 through June 30, 2019. The findings from the June 30, 2019 schedule of prior year audit findings and schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedules. Finding # 2019-001 Significant Deficiency: U.S. Department of Treasury 21.020 Community Development Financial Institutions Program Corrective Action: Management has implemented a screening process for all applications for loans from Portland Housing Center to be verified they are not included on the excluded parties listing during the underwriting process. Anticipated Completion Date: October 1, 2019
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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