Texas · Nonprofit · $2M-$10M in federal spending
Grapevine, TX
The FY2024 single audit reports no findings. Audits on file for FY2023–FY2025: FY2023, FY2024.
No FY2025 single audit on file as of October 30, 2026. For the fiscal year ending September 30, 2025, it was due June 30, 2026, 122 days earlier. It is expected because the FY2024 audit reported $3,462,373 in federal spending; an organization whose federal spending fell below the threshold would not need one.
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 |
$3,462,373 in federal awards spent, across 2 programs. Largest funding agencies:
| Agency | Spent |
|---|---|
| Department of Housing and Urban Development | $3,462,373 |
No findings reported.
repeat findingother matters
The Cooperative failed to make the required deposit within 90 days subsequent to the end of the 2022 fiscal year into the residual receipts account.
questioned costsother matters
The Corporation’s reserve for replacement was underfunded by $1,667 for the current year. It was also determined that prior increases did not take place timely thus an additional underfunding from prior years exists for a total underfunding of $13,173.28.
questioned costsother matters
The Corporation’s tenant security deposit bank account as of September 30, 2023, did not have the required minimum amount. The amount was less than the security deposit liability.
other matters
The prior management agent failed to provide sufficient appropriate audit evidence for testing balances on owner bank accounts, operating reserve bank account, new bank account and receipt testing for the year end.