Quincy Asian Resources Inc.: Single Audit Reports and Findings
Quincy Asian Resources Inc. filed 2 single audits between 2024 and 2025; the most recently observed auditor is GRAY, GRAY & GRAY, LLP (2025), and the 2025 report lists 5 findings, including 1 material weakness. Data as of 2026-09-17.
Data as of Sep 17, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Quincy Asian Resources Inc. is recorded in QUINCY, Massachusetts under EIN 010556446, and the Clearinghouse records it as a nonprofit.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2025 | 2025-06-30 | $1,186,613 | $750,000 | GRAY, GRAY & GRAY, LLP | 5 | MW | 2025-06-GSAFAC-0000413224 |
| 2024 | 2024-06-30 | $942,552 | $750,000 | GRAY, GRAY & GRAY, LLP | 9 | SD | 2024-06-GSAFAC-0000361634 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 93.988 | COOPERATIVE AGREEMENTS FOR DIABETES CONTROL PROGRAMS | $1,000,000 | Yes |
| 10.225 | COMMUNITY FOOD PROJECTS | $106,613 | No |
| 97.010 | Citizenship Education and Training | $80,000 | No |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2025-004 | AB | Material weakness / Questioned costs | Yes |
| 2025-005 | AB | Material weakness / Questioned costs | No |
| 2025-006 | C | Other | Yes |
| 2025-007 | I | Other | Yes |
| 2025-008 | E | Other | Yes |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Most recent return
- 990 for 2025-06
- Total revenue
- $4,105,422
- Total assets
- $3,152,934
- Accounting fees (Part IX line 11c)
- $137,500
- Paid preparer
- GRAY GRAY & GRAY LLP
- IRS object id
- 202601349349302050
- NTEE code
- P80
- Exempt under
- 501(c)(3)
- Ruling year
- 2002
- BMF release
- 2026-09-17
Read next
- CPA firms that audit Massachusetts nonprofits
- Massachusetts single audit statistics
- Massachusetts nonprofit audit requirements
How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Quincy Asian Resources Inc. now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “Quincy Asian Resources Inc. Single Audits and Findings (MA).” https://getauditradar.com/single-audits/ma/quincy-asian-resources-inc-010556446/. Data as of 2026-09-17.