EIN: 943328578
UEI: L8DSR688BCZ7
Audited by: Propp Christensen Caniglia LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 27, 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 October 27, 2026 (57 days from today).
What is a management decision? →Finding No. 2025-001 Type of Finding: Noncompliance Finding Finding Resolution Status: Open Questioned Costs: None Noncompliance Information: 1 instance of noncompliance Auditor Noncompliance Code: D – Replacement Reserve Statement of Condition Required replacement reserve deposits in an amount equal to $294.70 per month were not made during the 2025 year. Criteria The Organization is required to fund the replacement reserve in the amount of $294.70 per month in accordance with the HUD Regulatory Agreement. Effect The Organization is out of compliance with HUD regulations. Cause The underfunding of the replacement reserve account was the result of an inadvertent bookkeeping oversight. Recommendation We recommend the Organization transfer $3,536.40 to the replacement reserve cash account. Reporting Views of Responsible Officials Management is aware the required deposits to the replacement reserve account were not made and will transfer $3,536.40 to the replacement reserve cash account.
Show full finding ▾Hide full finding ▴Finding No. 2025-001 Type of Finding: Noncompliance Finding Finding Resolution Status: Open Questioned Costs: None Noncompliance Information: 1 instance of noncompliance Auditor Noncompliance Code: D – Replacement Reserve Statement of Condition Required replacement reserve deposits in an amount equal to $294.70 per month were not made during the 2025 year. Criteria The Organization is required to fund the replacement reserve in the amount of $294.70 per month in accordance with the HUD Regulatory Agreement. Effect The Organization is out of compliance with HUD regulations. Cause The underfunding of the replacement reserve account was the result of an inadvertent bookkeeping oversight. Recommendation We recommend the Organization transfer $3,536.40 to the replacement reserve cash account. Reporting Views of Responsible Officials Management is aware the required deposits to the replacement reserve account were not made and will transfer $3,536.40 to the replacement reserve cash account.
CORRECTIVE ACTION PLAN Name of Auditee: Cedar Street Senior Apartments, Inc. HUD Project No. 121-EE118-NP-WAH Name of audit firm: Propp Christensen Caniglia LLP Period covered by the audit: July 1, 2024 through June 30, 2025 CAP Prepared By: Name: Chrissie Keeney Position: Corporate Controller Phone: (707) 822-9000 Finding 2025-001 Comments: Management Agrees with the finding. Actions: Management will implement controls and monitor the reserve for replacement account to ensure the reserve for replacement cash account is fully funded each year in accordance with the Regulatory Agreement.
FAC accepted this audit on October 9, 2024 — management decision was due April 9, 2025.
FAC accepted this audit on October 12, 2023 — management decision was due April 12, 2024.
FAC accepted this audit on November 1, 2022 — management decision was due May 1, 2023.
FAC accepted this audit on August 25, 2021 — management decision was due February 25, 2022.
FAC accepted this audit on August 20, 2020 — management decision was due February 20, 2021.
FAC accepted this audit on October 16, 2019 — management decision was due April 16, 2020.
FAC accepted this audit on September 3, 2018 — management decision was due March 3, 2019.
FAC accepted this audit on September 19, 2017 — management decision was due March 19, 2018.
FAC accepted this audit on September 26, 2016 — management decision was due March 26, 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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