EIN: 010353284
UEI: FW83HYMFFHB3
Audited by: Freeman & Company, CPAs
Oversight agency: 10 [Department of Agriculture]
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Data as of August 31, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 23, 2025. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by March 23, 2026 (163 days ago).
What is a management decision? →FAC accepted this audit on August 28, 2024 — management decision was due February 28, 2025.
FAC accepted this audit on September 20, 2023 — management decision was due March 20, 2024.
FAC accepted this audit on September 6, 2022 — management decision was due March 6, 2023.
FAC accepted this audit on September 2, 2021 — management decision was due March 2, 2022.
FAC accepted this audit on December 27, 2020 — management decision was due June 27, 2021.
During our inquiries of those charged with governance we noted that the Board of Directors were not sufficiently involved in the oversight of management. Criteria: The USDA Rural Development 3560 Handbook requires nonprofit organizations certify that the Board was active and maintained oversight of the property. Cause: The Board is overly reliant on the management agent. Effect: Lack of sufficient oversight by the Board could allow for management to override controls resulting in material noncompliance with the major program. Recommendation: We recommend that the Board review its policies and by-laws to ensure they are fulfilling their fiduciary duties. Management should request meetings with the full Board at various times throughout the year. Questioned Costs: $-0- Response: Management agrees with the finding and will review the organization?s policies and procedures to ensure the Board is kept appraised of the project?s operations and will create a schedule to meet with the Board occasionally throughout the year.
Show full finding ▾Hide full finding ▴FINDING 2019-001: MATERIAL WEAKNESS FEDERAL GRANTING AGENCY: USDA Rural Development CFDA No 10.415 Rural Rental Housing Loans Section 515 Program Condition: During our inquiries of those charged with governance we noted that the Board of Directors were not sufficiently involved in the oversight of management. Criteria: The USDA Rural Development 3560 Handbook requires nonprofit organizations certify that the Board was active and maintained oversight of the property. Cause: The Board is overly reliant on the management agent. Effect: Lack of sufficient oversight by the Board could allow for management to override controls resulting in material noncompliance with the major program. Recommendation: We recommend that the Board review its policies and by-laws to ensure they are fulfilling their fiduciary duties. Management should request meetings with the full Board at various times throughout the year. Questioned Costs: $-0- Response: Management agrees with the finding and will review the organization?s policies and procedures to ensure the Board is kept appraised of the project?s operations and will create a schedule to meet with the Board occasionally throughout the year.
CORRECTIVE ACTION PLAN December 17, 2020 USDA Rural Development and BBSC, CPAs 38 Parkway South Brewer, ME 04412 Mattawamkeag Housing Corporation respectfully submits the following corrective action plan for the year ended December 31, 2019. The finding from the December 31, 2019 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number assigned in the schedule of findings and questioned costs. FINDINGS ? FINANCIAL STATEMENTS AUDIT AND FINDINGS AND QUESTIONED COSTS ? FEDERAL AWARD PROGRAMS AUDIT USDA RURAL DEVELOPMENT CFDA No 10.415 Rural Rental Housing Loans Section 515 Program FINDING 2019-001: Condition and Recommendation: During inquiries of those charged with governance it was noted that the Board of Directors were not sufficiently involved in the oversight of management. It is recommended that the Board review its policies and by-laws to ensure they are fulfilling their fiduciary duties. Management should request meetings with the full Board at various times throughout the year. Management?s Response and Corrective Action: We concur with the finding and effective January 3, 2020, the entire Board was replaced with a new Board. The new board is more active and understands their fiduciary duty. Name of Responsible Person: Susanne LeVasseur, Management Agent Anticipated Completion of Corrective Action: Completed January 3, 2020. Sincerely Susanne LeVasseur Management Agent
FAC accepted this audit on September 24, 2019 — management decision was due March 24, 2020.
FAC accepted this audit on September 23, 2018 — management decision was due March 23, 2019.
FAC accepted this audit on September 28, 2017 — management decision was due March 28, 2018.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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