U.S. Department of Housing and Urban Development
St. Luke Apartments St. Luke Housing Development Fund Company, Inc. (St. Luke Apartments), FHA Project No. 014-11157 respectfully submits the following corrective action plan for the year ended September 30, 2023.
Name and address of independent public accounting firm:
Bonadio & Co., LLP
432 North Franklin Street #60
Syracuse, New York 13204
Audit period:
October 1, 2022 – September 30, 2023
The findings from the 2023 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule.
FINDINGS – FINANCIAL STATEMENT AUDIT
None
FINDINGS – FEDERAL AWARD PROGRAM AUDIT
Finding 2023-001: Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, Federal Assistance Listing Number 14.155
Recommendation: St. Luke Apartments should ensure residual receipts are made within 60 days of year-end in accordance with the HUD Regulatory Agreement.
Action Taken: St. Luke Apartments made the required payment was made after the 60-day timeline.
Completion Date: February 2024
Name of Contact Person Responsible for Corrective Action:
Kyle Lyskawa, CFO
(315) 424-1821