EIN: 953917927
UEI: GLL8AJ5Z6N53
Audited by: Dauby O'Connor & Zaleski, LLC
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 September 12, 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 March 12, 2026 (172 days ago).
What is a management decision? →FAC accepted this audit on September 23, 2024 — management decision was due March 23, 2025.
Finding reference number: 2024-001 Assistance Listing (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Project identification number 061-EH142 and 1987) Auditor non-compliance code: M - Security Deposits Finding resolution status: Resolved Universe population size: N/A Sample size information: N/A Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $223 Statement of condition 2024-001: The resident security deposit account did not have adequate funds to cover the security deposits collected at May 31, 2024. Criteria: Pursuant to Section 12 of the Regulatory Agreement, resident security deposits are required to be funded in a separate account in an amount which shall at all times equal or exceed the aggregate of all outstanding obligations. Effect: Failure to fund the security deposit account could result in the inability of the Corporation to return security deposits to residents upon termination of a resident's lease. Cause: The resident security deposit account did not have adequate funds to cover the security deposits collected at May 31, 2024 due to a security deposit being deposited to the operating account during the year ended May 31, 2024 but not transferred to the security deposit account. Recommendation: Management should reconcile the security deposit listing on a monthly basis and transfer funds from the operating cash account to ensure the resident security deposit account is adequately funded and collect the security deposit at the time of resident move-in. Management's response: Agree. On July 22, 2024, Management transferred $223 from the operating cash account to fully fund the security deposit account.
Show full finding ▾Hide full finding ▴Finding reference number: 2024-001 Assistance Listing (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Project identification number 061-EH142 and 1987) Auditor non-compliance code: M - Security Deposits Finding resolution status: Resolved Universe population size: N/A Sample size information: N/A Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $223 Statement of condition 2024-001: The resident security deposit account did not have adequate funds to cover the security deposits collected at May 31, 2024. Criteria: Pursuant to Section 12 of the Regulatory Agreement, resident security deposits are required to be funded in a separate account in an amount which shall at all times equal or exceed the aggregate of all outstanding obligations. Effect: Failure to fund the security deposit account could result in the inability of the Corporation to return security deposits to residents upon termination of a resident's lease. Cause: The resident security deposit account did not have adequate funds to cover the security deposits collected at May 31, 2024 due to a security deposit being deposited to the operating account during the year ended May 31, 2024 but not transferred to the security deposit account. Recommendation: Management should reconcile the security deposit listing on a monthly basis and transfer funds from the operating cash account to ensure the resident security deposit account is adequately funded and collect the security deposit at the time of resident move-in. Management's response: Agree. On July 22, 2024, Management transferred $223 from the operating cash account to fully fund the security deposit account.
Finding 2024-001: The resident security deposit account did not have adequate funds to cover the security deposits collected at May 31, 2024. Comments on the Finding and Each Recommendation: Management should reconcile the security deposit listing on a monthly basis and transfer funds from the operating cash account to ensure the resident security deposit account is adequately funded. Action(s) taken or planned on the finding: Agree. On July 22, 2024, Management transferred $223 from the operating cash account to fully fund the security deposit account.
Finding reference number: 2024-002 Assistance Listing (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Project identification number 061-EH142 and 1987) Auditor non-compliance code: M - Security Deposits Finding resolution status: Resolved Universe population size: 12 months Sample size information: 2 months Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $0 Statement of condition 2024-002: Two of the move-in residents' security deposits tested were not collected timely. Criteria: Pursuant to the HUD Handbook 4350.3, Chapter 6, the owner must collect a security deposit at the time of the initial lease execution. Effect: The Corporation is not in compliance with the HUD Handbook 4350.3, Chapter 6. Cause: Due to the property manager position being vacant, the residents' security deposits were not collected at the execution of the lease. Recommendation: Management should collect the security deposit at the time of resident move-in. Management's response: Agree. Management will collect the security deposit at the time of move-in. During the year ended May 31, 2024, the residents' security deposits were collected. There is no further action required.
Show full finding ▾Hide full finding ▴Finding reference number: 2024-002 Assistance Listing (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing No. 14.157 (Project identification number 061-EH142 and 1987) Auditor non-compliance code: M - Security Deposits Finding resolution status: Resolved Universe population size: 12 months Sample size information: 2 months Statistically valid sample: No Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $0 Statement of condition 2024-002: Two of the move-in residents' security deposits tested were not collected timely. Criteria: Pursuant to the HUD Handbook 4350.3, Chapter 6, the owner must collect a security deposit at the time of the initial lease execution. Effect: The Corporation is not in compliance with the HUD Handbook 4350.3, Chapter 6. Cause: Due to the property manager position being vacant, the residents' security deposits were not collected at the execution of the lease. Recommendation: Management should collect the security deposit at the time of resident move-in. Management's response: Agree. Management will collect the security deposit at the time of move-in. During the year ended May 31, 2024, the residents' security deposits were collected. There is no further action required.
Finding 2024-002: Two of the move-in residents' security deposits tested were not collected timely. Comments on the Finding and Each Recommendation: Management should collect the security deposit at the time of resident move-in. Action(s) taken or planned on the finding: Agree. Management will collect the security deposit at the time of move-in. During the year ended May 31, 2024, the residents' security deposits were collected. There is no further action required.
FAC accepted this audit on December 21, 2023 — management decision was due June 21, 2024.
FAC accepted this audit on December 4, 2022 — management decision was due June 4, 2023.
FAC accepted this audit on September 16, 2021 — management decision was due March 16, 2022.
FAC accepted this audit on September 20, 2020 — management decision was due March 20, 2021.
FAC accepted this audit on September 23, 2019 — management decision was due March 23, 2020.
FAC accepted this audit on September 25, 2018 — management decision was due March 25, 2019.
FAC accepted this audit on September 27, 2017 — management decision was due March 27, 2018.
FAC accepted this audit on September 15, 2016 — management decision was due March 15, 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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