KOREAN FAMILY HOUSING CORP, DBA PLEASANT HILLS HOME

EIN: 953900336

UEI: GSA_MIGRATION

Data as of August 22, 2026

KOREAN FAMILY HOUSING CORP, DBA PLEASANT HILLS HOME5 audit years5 findings3 repeat
5
Audit Years
5
Total Findings
3
Repeat Findings

FY 2019-06-30

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on January 2, 2020. 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 2, 2020 (2243 days ago).

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2019-001
Cost Allowability
MATERIAL WEAKNESS

Finding No. 2019-001 Statement of Condition Residual Receipts Deposits (CFDA No. 14.135) During the year ended June 30, 2019, the Corporation should deposit an amount of $9,227 into the residual receipts account as per the audited financial statements as of June 30, 2018. Criteria: Per the Regulatory Agreement, the Corporation shall maintain a replacement reserve account, in which the Corporation shall deposit any residual receipts realized from the operations of the Project within 60 days after the end of each fiscal year. Effect: The Corporation is not in compliance with the requirements of the regulatory agreement. Cause: Controls are not in place to ensure timely deposit of residual receipts. Questioned Costs: None Recommendation Management should establish internal controls and procedures to ensure that the residual receipt is to be deposited. Auditor Noncompliance Code: B: Failure to make required residual receipts deposits Auditee's Response: Management should establish internal controls and procedures to ensure that the residual receipt is to be deposited.

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Full finding narrative

Finding No. 2019-001 Statement of Condition Residual Receipts Deposits (CFDA No. 14.135) During the year ended June 30, 2019, the Corporation should deposit an amount of $9,227 into the residual receipts account as per the audited financial statements as of June 30, 2018. Criteria: Per the Regulatory Agreement, the Corporation shall maintain a replacement reserve account, in which the Corporation shall deposit any residual receipts realized from the operations of the Project within 60 days after the end of each fiscal year. Effect: The Corporation is not in compliance with the requirements of the regulatory agreement. Cause: Controls are not in place to ensure timely deposit of residual receipts. Questioned Costs: None Recommendation Management should establish internal controls and procedures to ensure that the residual receipt is to be deposited. Auditor Noncompliance Code: B: Failure to make required residual receipts deposits Auditee's Response: Management should establish internal controls and procedures to ensure that the residual receipt is to be deposited.

Corrective Action Plan

CORRECTIVE ACTION PLAN PLEASANT HILLS HOME CORP HUD PROJECT -- 122-35587NI COHN REZNICK JUNE 30, 2019 CORRECTIVE ACTION PLAN PREPARED BY: EUGENE NOH PRESIDENT 714-533-3450 CURRENT FINDINGS ' 2019-1) FINDING 1-2019- Residual Receipt During the year ended June 30, 2019, management did not deposit to the residual receipts account the full amount of residual receipts expected to be deposited at the end of the prior year of $9,227, as required by HUD. COMMENTS ON FINDINGS AND RECOMMENDATIONS ' Management should establish Internal controls and procedures to ensure that the residual receipts deposit timely. ACTIONS TAKEN OR PLANNED Management will make deposits of residual receipts timely.

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FY 2018-06-30

FAC accepted this audit on September 30, 2018 — management decision was due March 30, 2019.

2018-001
Reporting
MATERIAL WEAKNESSREPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2017-001

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FY 2017-06-30

FAC accepted this audit on October 11, 2018 — management decision was due April 11, 2019.

2017-001
Reporting
MATERIAL WEAKNESSREPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2016-002

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FY 2016-06-30

FAC accepted this audit on October 16, 2017 — management decision was due April 16, 2018.

2016-001
Other
MATERIAL WEAKNESS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2016-002
Other
MATERIAL WEAKNESSREPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-002

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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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