Texas · Nonprofit · $2M-$10M in federal spending
MRC CRESTVIEW TERRACE
The Woodlands, TX
The FY2025 single audit reports no findings. Audits on file for FY2023–FY2025: FY2024, FY2025.
Score: 0 of 100 (FY2025 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 0 | 24 |
| Significant deficiencies | 3 points each | 0 | 9 |
| Repeat findings | 5 points each | 0 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 0 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 0 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 0 | 5 |
| Score | | 0 | 100 |
Federal funding, FY2025
$3,568,473 in federal awards spent, across 3 programs. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Housing and Urban Development | $3,568,473 |
FY2025 audit
- FAC record
- 2025-12-GSAFAC-0000408168
- Fiscal year end
- December 31, 2025
- Accepted by FAC
- April 23, 2026
- Federal spending
- $3,568,473 · 3 programs
- Major programs
- 2
- Score
- 0 of 100
No findings reported.
FY2024 audit
- FAC record
- 2024-12-GSAFAC-0000366528
- Fiscal year end
- December 31, 2024
- Accepted by FAC
- July 11, 2025
- Federal spending
- $3,586,242 · 3 programs
- Major programs
- 2
- Questioned costs
- $38,536 known
- Score
- 19 of 100
Finding 2024-001
significant deficiencyquestioned costs
- Program
- MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155)
- Compliance requirement
- Special tests and provisions
- Questioned costs
- $38,536 (known)
- FAC record
- FY2024 audit on fac.gov
Finding text from the filing
Type of Finding: Significant Deficiency in Internal Control over Compliance
Criteria or specific requirement: Surplus cash payments must be made to the residual receipts account.
Condition: The Project made the 2024 surplus cash payment to the reserve for replacement account instead of the residual receipts account.
Questioned costs: $38,536
Context: During the audit, it was determined that the Project deposited the 2024 surplus cash payment into the wrong account.
Cause: Management oversight.
Effect: The 2024 surplus cash deposit was made into the reserve for replacement account instead of the residual receipts account.
Repeat finding: No
Recommendation: We recommend that management check which accounts it is making payments to.
Views of responsible officials: Management agrees. Subsequent to year-end, the 2024 surplus cash payment was transferred to the residual receipt account.