EIN: 952407563
UEI: D418JNZ9D5Z3
Audited by: QUIGLEY & MIRON
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 13, 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 May 13, 2026 (125 days ago).
What is a management decision? →FAC accepted this audit on November 6, 2024 — management decision was due May 6, 2025.
FAC accepted this audit on November 8, 2023 — management decision was due May 8, 2024.
FAC accepted this audit on December 1, 2022 — management decision was due June 1, 2023.
FAC accepted this audit on November 11, 2021 — management decision was due May 11, 2022.
FAC accepted this audit on December 17, 2020 — management decision was due June 17, 2021.
FAC accepted this audit on February 10, 2020 — management decision was due August 10, 2020.
During the year ended June 30, 2019, the Project failed to transfer surplus cash deposits totaling $161,637 from the year ended June 30, 2018 into the reserve account. Cause: The failure to transfer the prior year surplus receipts was caused by an oversight of the managing agent. Effect or Potential Effect: The impact of failing to transfer the prior year surplus cash is to understate the replacement reserve account by $161,637 and the related interest that should have been earned, estimated to be approximately $160. This puts the Project in non-compliance with the HUD regulatory agreement. Auditor Non-Compliance Code: B ? Failure to make required residual receipts deposits. Views of responsible officials and planned corrective actions: The Project agrees with the finding; please refer to corrective action plan beginning on page 34. Questioned Costs: No questioned costs were identified as a result of this compliance finding. Recommendation: We recommend the Project implement a new procedure whereby each year the replacement reserve is transferred on a set date within the 60-day requirement to ensure compliance with the cash management provisions of the regulatory agreement. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: The Project?s corrective action plan appears to be sufficient to remedy this compliance finding.
Show full finding ▾Hide full finding ▴Federal Award Finding and Questioned Costs U.S. Department of Housing and Urban Development Direct award Program Name: Supportive Housing for the Elderly, Section 202 Direct Loans, CFDA Number 14.157 Grantor?s Number: NA Finding 2019-001: Replacement Reserve Account Significant Deficiency over Compliance: Cash Management Universe Population Size: $161,637 Sample Size: $161,637 Criteria: Under the terms of the regulatory agreement, Westminster Towers, Inc. Geneva Plaza HUD Project No. 122-EH001 (Project) is required to transfer surplus cash from the revenue account to the replacement reserve account within 60 days. Condition: During the year ended June 30, 2019, the Project failed to transfer surplus cash deposits totaling $161,637 from the year ended June 30, 2018 into the reserve account. Cause: The failure to transfer the prior year surplus receipts was caused by an oversight of the managing agent. Effect or Potential Effect: The impact of failing to transfer the prior year surplus cash is to understate the replacement reserve account by $161,637 and the related interest that should have been earned, estimated to be approximately $160. This puts the Project in non-compliance with the HUD regulatory agreement. Auditor Non-Compliance Code: B ? Failure to make required residual receipts deposits. Views of responsible officials and planned corrective actions: The Project agrees with the finding; please refer to corrective action plan beginning on page 34. Questioned Costs: No questioned costs were identified as a result of this compliance finding. Recommendation: We recommend the Project implement a new procedure whereby each year the replacement reserve is transferred on a set date within the 60-day requirement to ensure compliance with the cash management provisions of the regulatory agreement. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: The Project?s corrective action plan appears to be sufficient to remedy this compliance finding.
Federal Award Finding and Questioned Costs Finding 2019-001: Replacement Reserve Account Corrective Action: The error was caused due to an oversight by the managing agent. The managing agent will contact HUD and inform them of the delinquent deposit. The managing agent will also implement a review procedure to ensure required deposits into the replacement reserve accounts are made in a timely manner. Name of Contact Person: Sam Orozco, Managing Agent Proposed Completion Date: 10/31/2019
FAC accepted this audit on February 10, 2020 — management decision was due August 10, 2020.
During the year ended June 30, 2019, the Project failed to transfer surplus cash deposits totaling $161,637 from the year ended June 30, 2018 into the reserve account. Cause: The failure to transfer the prior year surplus receipts was caused by an oversight of the managing agent. Effect or Potential Effect: The impact of failing to transfer the prior year surplus cash is to understate the replacement reserve account by $161,637 and the related interest that should have been earned, estimated to be approximately $160. This puts the Project in non-compliance with the HUD regulatory agreement. Auditor Non-Compliance Code: B ? Failure to make required residual receipts deposits. Views of responsible officials and planned corrective actions: The Project agrees with the finding; please refer to corrective action plan beginning on page 34. Questioned Costs: No questioned costs were identified as a result of this compliance finding. Recommendation: We recommend the Project implement a new procedure whereby each year the replacement reserve is transferred on a set date within the 60-day requirement to ensure compliance with the cash management provisions of the regulatory agreement. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: The Project?s corrective action plan appears to be sufficient to remedy this compliance finding.
Show full finding ▾Hide full finding ▴Federal Award Finding and Questioned Costs U.S. Department of Housing and Urban Development Direct award Program Name: Supportive Housing for the Elderly, Section 202 Direct Loans, CFDA Number 14.157 Grantor?s Number: NA Finding 2019-001: Replacement Reserve Account Significant Deficiency over Compliance: Cash Management Universe Population Size: $161,637 Sample Size: $161,637 Criteria: Under the terms of the regulatory agreement, Westminster Towers, Inc. Geneva Plaza HUD Project No. 122-EH001 (Project) is required to transfer surplus cash from the revenue account to the replacement reserve account within 60 days. Condition: During the year ended June 30, 2019, the Project failed to transfer surplus cash deposits totaling $161,637 from the year ended June 30, 2018 into the reserve account. Cause: The failure to transfer the prior year surplus receipts was caused by an oversight of the managing agent. Effect or Potential Effect: The impact of failing to transfer the prior year surplus cash is to understate the replacement reserve account by $161,637 and the related interest that should have been earned, estimated to be approximately $160. This puts the Project in non-compliance with the HUD regulatory agreement. Auditor Non-Compliance Code: B ? Failure to make required residual receipts deposits. Views of responsible officials and planned corrective actions: The Project agrees with the finding; please refer to corrective action plan beginning on page 34. Questioned Costs: No questioned costs were identified as a result of this compliance finding. Recommendation: We recommend the Project implement a new procedure whereby each year the replacement reserve is transferred on a set date within the 60-day requirement to ensure compliance with the cash management provisions of the regulatory agreement. Auditor?s Summary of Auditee?s Comments on the Findings and Recommendations: The Project?s corrective action plan appears to be sufficient to remedy this compliance finding.
Federal Award Finding and Questioned Costs Finding 2019-001: Replacement Reserve Account Corrective Action: The error was caused due to an oversight by the managing agent. The managing agent will contact HUD and inform them of the delinquent deposit. The managing agent will also implement a review procedure to ensure required deposits into the replacement reserve accounts are made in a timely manner. Name of Contact Person: Sam Orozco, Managing Agent Proposed Completion Date: 10/31/2019
FAC accepted this audit on October 28, 2018 — management decision was due April 28, 2019.
FAC accepted this audit on October 25, 2018 — management decision was due April 25, 2019.
FAC accepted this audit on December 7, 2017 — management decision was due June 7, 2018.
FAC accepted this audit on December 7, 2017 — management decision was due June 7, 2018.
FAC accepted this audit on October 26, 2016 — management decision was due April 26, 2017.
FAC accepted this audit on October 26, 2016 — management decision was due April 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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