- Audit for HUD Compliance Requirements
We audit Section 232 real property entities that lease their facilities to operating companies to run nursing homes. The operating…
- Major Program Determination – Uniform Guidance
We are auditing a nonprofit with a HUD loan balance of $900,000 and Section 8 receipts of $300,000. The auditee…
- Residual Receipts Recapture H-2012-14
We are auditing a 202 property with a Section 8 contract. In 2013 after H-2012-14 was issued the property was…
- NFP – PRAC testing
We audit a number of NFP properties with 202 Capital Advances and PRAC. We realize this is considered one program…
- Asset Management Fee
We have a management agent inquiring about receiving an "asset management fee" in addition to their regular HUD approved management…
- Group project-based sample owner approval
We audit approximately 12 multifamily entities with the same management company. We have already determined that we are eligible for…
- Distributions from Surplus/Project cash vs distributions from entity cash
I have a couple questions for Les (or anyone else who can point me in the right direction). 1. If…
- Opinion for Missed Residual Receipts Deposit
I have a Section 202 client that has failed to make its residual receipts deposit from the prior year (so…
- Old Non-Profit Regulatory Agreement – Computation of surplus cash
I have a couple of properties that have a profit motivated regulatory agreement and I have one that is under…
- Residual Receipts and Surplus Cash
We have an entity where the PRAC and regulatory agreement only apply to 38 out of 48 units. The regulatory…
- Residual Receipts Deadline – 90 days vs 60 days
I'm looking for clarification on the residual receipts deposit deadline as the HUD audit guide states that the deposit must…
- CPE Requirements
We moved 2 non CPA staff members over to HUDs for the 2017 tax season. They will be planning, directing…