EIN: 954401836
UEI: PYTBB1EWRTU4
Audited by: KKAJ, LLP
Oversight agency: 14 [Department of Housing and Urban Development]
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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 July 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 January 27, 2027 (148 days from today).
What is a management decision? →FAC accepted this audit on September 9, 2025 — management decision was due March 9, 2026.
HUD requires that the Company maintain cash balances in financial institutions that are covered by insurance issued by the Federal Deposit Insurance Corporation (FDIC). The Company may maintain cash balances in financial institution in excess of the FDIC insurance limit if the Company verifies the bank’s debt rating meets certain requirements. Criteria: As of March 31, 2025 the cash balances in excess of the amount allowed by HUD is $276,523. Effect: The Company has cash balances in excess of the amounts allowed by HUD. Cause: The Company accumulated excess cash in the operating account. Recommendation: The Company should monitor the investments held by these financial institutions to ensure that HUD’s requirements are met.
Show full finding ▾Hide full finding ▴FINDING NUMBER 2025-001: CASH BALANCES IN FINANCIAL INSTITUTIONS IN EXCESS OF FEDERAL INSURANCE LIMITS, SUPPORTIVE HOUSING FOR THE ELDERLY, FEDERAL LISTING NUMBER 14.157 Statement of Condition: HUD requires that the Company maintain cash balances in financial institutions that are covered by insurance issued by the Federal Deposit Insurance Corporation (FDIC). The Company may maintain cash balances in financial institution in excess of the FDIC insurance limit if the Company verifies the bank’s debt rating meets certain requirements. Criteria: As of March 31, 2025 the cash balances in excess of the amount allowed by HUD is $276,523. Effect: The Company has cash balances in excess of the amounts allowed by HUD. Cause: The Company accumulated excess cash in the operating account. Recommendation: The Company should monitor the investments held by these financial institutions to ensure that HUD’s requirements are met.
FINDING NUMBER 2025-001 Reporting views of responsible officials: The Company will develop a plan to monitor the cash balances in the financial institutions to ensure that cash balances are maintained within HUD’s guidelines. Auditors' summary of auditee's comments on the findings and recommendations: The Company will develop a plan to monitor the cash balances in the financial institutions to ensure that cash balances are maintained within HUD’s guidelines. Response indicator: Agree. Response: The Company will work with the financial institutions to ensure that HUD’s requirements are followed. Completion date: September 30, 2025
2024-002
FAC accepted this audit on December 23, 2024 — management decision was due June 23, 2025.
Management is responsible submitting the audit package to the Federal Audit Clearinghouse within 9 months of the fiscal year end. Criteria: The audit package was submitted after the 9 month deadline. Effect: The Federal Audit Clearinghouse received the information late. It should be noted that the audit information was timely submitted to HUD in the REAC system. Cause: During the period the process for submitting the audit package to the Federal Audit Clearinghouse changed, which caused some confusion. Also, there was some miscommunication between the auditor and the auditee. Recommendation: In the future the audit package should be timely filed with the Federal Audit Clearinghouse. Non-compliance code: Z – Other.
Show full finding ▾Hide full finding ▴Statement of Condition: Management is responsible submitting the audit package to the Federal Audit Clearinghouse within 9 months of the fiscal year end. Criteria: The audit package was submitted after the 9 month deadline. Effect: The Federal Audit Clearinghouse received the information late. It should be noted that the audit information was timely submitted to HUD in the REAC system. Cause: During the period the process for submitting the audit package to the Federal Audit Clearinghouse changed, which caused some confusion. Also, there was some miscommunication between the auditor and the auditee. Recommendation: In the future the audit package should be timely filed with the Federal Audit Clearinghouse. Non-compliance code: Z – Other.
Reporting views of responsible officials: The Company has already submitted the audit package to the Federal Audit Clearinghouse and the Company will timely file the audit package with the Federal Audit Clearinghouse in the future. Auditors' summary of auditee's comments on the findings and recommendations: The Company has already submitted the audit package to the Federal Audit Clearinghouse and the Company will timely file the audit package with the Federal Audit Clearinghouse in the future. Response indicator: Agree. Response: The Company has already submitted the audit package to the Federal Audit Clearinghouse and the Company will timely file the audit package with the Federal Audit Clearinghouse in the future. Completion date: March 25, 2024
HUD requires that the Company maintain cash balances in financial institutions that are covered by insurance issued by the Federal Deposit Insurance Corporation (FDIC). The Company may maintain cash balances in financial institution in excess of the FDIC insurance limit if the Company verifies the bank’s debt rating meets certain requirements. Criteria: As of March 31, 2024 the cash balances in excess of the amount allowed by HUD is $70,001. Effect: The Company has cash balances in excess of the amounts allowed by HUD. Cause: The Company accumulated excess cash in the operating account. Recommendation: The Company should monitor the investments held by these financial institutions to ensure that HUD’s requirements are met. Non-compliance code: Z – Other.
Show full finding ▾Hide full finding ▴Statement of Condition: HUD requires that the Company maintain cash balances in financial institutions that are covered by insurance issued by the Federal Deposit Insurance Corporation (FDIC). The Company may maintain cash balances in financial institution in excess of the FDIC insurance limit if the Company verifies the bank’s debt rating meets certain requirements. Criteria: As of March 31, 2024 the cash balances in excess of the amount allowed by HUD is $70,001. Effect: The Company has cash balances in excess of the amounts allowed by HUD. Cause: The Company accumulated excess cash in the operating account. Recommendation: The Company should monitor the investments held by these financial institutions to ensure that HUD’s requirements are met. Non-compliance code: Z – Other.
Reporting views of responsible officials: The Company will develop a plan to monitor the cash balances in the financial institutions to ensure that cash balances are maintained within HUD’s guidelines. Auditors' summary of auditee's comments on the findings and recommendations: The Company will develop a plan to monitor the cash balances in the financial institutions to ensure that cash balances are maintained within HUD’s guidelines. Response indicator: Agree. Response: The Company will work with the financial institutions to ensure that HUD’s requirements are followed. Completion date: September 30, 2024
HUD requires that the Company receive HUD’s approval on Form HUD-9250 prior to withdrawing money from the Replacement Reserve. During the year the Company withdrew $196,334 from the Replacement Reserve and transferred the cash to the Company’s operating bank account. Criteria: The Company did not obtain Form HUD-9250 prior to withdrawing the funds from the Replacement Reserve. Effect: The Company has more cash in its operating account and less cash in the Replacement Reserve than it should. Cause: The Company erroneously transferred the money from a Replacement Reserve account to the operating account. Recommendation: The Company should transfer $196,334 from the operating account back to the Replacement Reserve account. Non-compliance code: A – Unauthorized withdrawal form replacement reserve account.
Show full finding ▾Hide full finding ▴Statement of Condition: HUD requires that the Company receive HUD’s approval on Form HUD-9250 prior to withdrawing money from the Replacement Reserve. During the year the Company withdrew $196,334 from the Replacement Reserve and transferred the cash to the Company’s operating bank account. Criteria: The Company did not obtain Form HUD-9250 prior to withdrawing the funds from the Replacement Reserve. Effect: The Company has more cash in its operating account and less cash in the Replacement Reserve than it should. Cause: The Company erroneously transferred the money from a Replacement Reserve account to the operating account. Recommendation: The Company should transfer $196,334 from the operating account back to the Replacement Reserve account. Non-compliance code: A – Unauthorized withdrawal form replacement reserve account.
Reporting views of responsible officials: The Company will repay the erroneous withdrawal from the Replacement Reserve. Auditors' summary of auditee's comments on the findings and recommendations: The Company repaid the erroneous withdrawal from the Replacement Reserve. On August 13, 2024 the Company transferred $196,334 to the Replacement Reserve. Response indicator: Agree. Response: The Company repaid the erroneous withdrawal from the Replacement Reserve on August 13, 2024. Completion date: August 13, 2024
FAC accepted this audit on March 25, 2024 — management decision was due September 25, 2024.
FAC accepted this audit on December 27, 2022 — management decision was due June 27, 2023.
FAC accepted this audit on December 21, 2021 — management decision was due June 21, 2022.
FAC accepted this audit on December 27, 2020 — management decision was due June 27, 2021.
FAC accepted this audit on November 17, 2019 — management decision was due May 17, 2020.
FAC accepted this audit on August 2, 2018 — management decision was due February 2, 2019.
FAC accepted this audit on August 17, 2017 — management decision was due February 17, 2018.
FAC accepted this audit on September 11, 2016 — management decision was due March 11, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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