EIN: 043733576
UEI: MPTMN5HJ77L8
Audited by: Damiano, Burk & Nuttall, P.C.
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 29, 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 29, 2026 (152 days ago).
What is a management decision? →One out of the six tenant files tested had the following items missing: • Signed certification for the 6/1/2024 recertification • Social security card • Birth certificate • Move-out inspection • Pre-rental agreement Criteria: Tenant files should be maintained with all required documentation. Cause: The Corporation does not have internal controls in place to ensure that tenant files are properly maintained. Effect: The Corporation is no longer in compliance with its Project Rental Assistance Contract to receive subsidies. Recommendation: The Corporation should design and implement internal controls to ensure that all tenant files have proper documentation. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the auditor’s findings. Management will ensure tenant file inspections are completed in on annual basis.
Show full finding ▾Hide full finding ▴Finding 2025-001 Supportive Elderly Housing Section 202 Condition: One out of the six tenant files tested had the following items missing: • Signed certification for the 6/1/2024 recertification • Social security card • Birth certificate • Move-out inspection • Pre-rental agreement Criteria: Tenant files should be maintained with all required documentation. Cause: The Corporation does not have internal controls in place to ensure that tenant files are properly maintained. Effect: The Corporation is no longer in compliance with its Project Rental Assistance Contract to receive subsidies. Recommendation: The Corporation should design and implement internal controls to ensure that all tenant files have proper documentation. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the auditor’s findings. Management will ensure tenant file inspections are completed in on annual basis.
United States Department of Housing and Urban Development Saugatucket Springs, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2025 Name of Audit Firm: Damiano, Burk & Nuttall, P.C. 6 Blackstone Valley Place Suite 109 Lincoln, RI 02865 Audit period covered: 7/1/2024-6/30/2025 The findings from the June 30, 2025 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS—FEDERAL AWARD PROGRAMS AUDITS DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2025-001: Section 202 Project Rental Assistance—Assistance Listing # 14.157 Recommendation: The Corporation should design and implement internal controls to ensure that all tenant files have proper documentation. Action Taken: Management is in agreement with the auditor’s findings. Management has instructed all accounting personnel to review all matters related to tenant compliance. If the United States Department of Housing and Urban Development has questions regarding this plan, please call Frank Shea at (401) 296-3761.
FAC accepted this audit on March 31, 2025 — management decision was due October 1, 2025.
The tenant security deposit cash was underfunded as of June 30, 2024 Criteria: Security deposits for each tenant are required to be maintained in a separate bank account, apart from those maintained for operations and development. Cause: The Corporation does not have internal controls in place to ensure that tenant security deposits are transferred on a timely basis from the operating bank account. Effect: The Corporation is no longer in compliance with the rules and regulations regarding tenant security deposits are required by HUD. Recommendation: The Corporation should design and implement internal controls to ensure that all security deposits are transferred in the required time period. Management should also conduct a monthly inspection of the security deposit listing. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the auditor’s findings. Management has hired additional personnel to review all matters related to tenant compliance.
Show full finding ▾Hide full finding ▴Finding 2024-001: Supportive Elderly Housing Section 202 Condition: The tenant security deposit cash was underfunded as of June 30, 2024 Criteria: Security deposits for each tenant are required to be maintained in a separate bank account, apart from those maintained for operations and development. Cause: The Corporation does not have internal controls in place to ensure that tenant security deposits are transferred on a timely basis from the operating bank account. Effect: The Corporation is no longer in compliance with the rules and regulations regarding tenant security deposits are required by HUD. Recommendation: The Corporation should design and implement internal controls to ensure that all security deposits are transferred in the required time period. Management should also conduct a monthly inspection of the security deposit listing. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the auditor’s findings. Management has hired additional personnel to review all matters related to tenant compliance.
Corrective Action Plan June 30, 2024 United States Department of Housing and Urban Development Saugatucket Springs, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2024 Name of Audit Firm: Damiano, Burk & Nuttall, P.C. 6 Blackstone Valley Place Suite 109 Lincoln, RI 02865 Audit period covered: 7/1/2023-6/30/2024 The findings from the June 30, 2024 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS—FEDERAL AWARD PROGRAMS AUDITS DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2024-001: Section 202 Project Rental Assistance—Assistance Listing # 14.157 Recommendation: The Corporation should design and implement internal controls to ensure that all security deposits are transferred in the required time period. Management should also conduct a monthly inspection of the security deposit listing. Action Taken: Management is in agreement with the auditor’s findings. Management has implemented internal controls to ensure monthly inspections of the security deposit bank statement and liability are performed. If the United States Department of Housing and Urban Development has questions regarding this plan, please call Frank Shea at (401) 296-3761.
FAC accepted this audit on April 1, 2024 — management decision was due October 1, 2024.
The tenant security deposit account was underfunded as of June 30, 2023. Criteria: Security deposits for each tenant are required to maintained in a separate bank account, apart from those maintained for operations and development. Effect: The Partnership are no longer in compliance with the rules and regulations regarding tenant security deposits as required by HUD. Cause: The Partnership does not have internal controls in place to ensure that tenant security deposits are transferred on a timely basis from the operating bank account. The Partnership experienced high turnover during the year.Recommendation: The Partnership should design and implement internal controls to ensure that all security deposits are transferred in the required time period. Management should also conduct a monthly inspection of the security deposit listing. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the auditors’ findings. Management has hired additional personnel to review all matters related to tenant compliance.
Show full finding ▾Hide full finding ▴Finding 2023-001: Supportive Elderly Housing Section 202 Condition: The tenant security deposit account was underfunded as of June 30, 2023. Criteria: Security deposits for each tenant are required to maintained in a separate bank account, apart from those maintained for operations and development. Effect: The Partnership are no longer in compliance with the rules and regulations regarding tenant security deposits as required by HUD. Cause: The Partnership does not have internal controls in place to ensure that tenant security deposits are transferred on a timely basis from the operating bank account. The Partnership experienced high turnover during the year.Recommendation: The Partnership should design and implement internal controls to ensure that all security deposits are transferred in the required time period. Management should also conduct a monthly inspection of the security deposit listing. Views of Responsible Officials and Planned Corrective Actions: Management is in agreement with the auditors’ findings. Management has hired additional personnel to review all matters related to tenant compliance.
Corrective Action Plan United States Department of Housing and Urban Development Saugatucket Springs, Inc. respectfully submits the following corrective action plan for the year ended June 30, 2023 Name of Audit Firm: Damiano, Burk & Nuttall, P.C. 6 Blackstone Valley Place Suite 109 Lincoln, RI 02865 Audit period covered: 7/1/2022-6/30/2023 The findings from the June 30, 2023 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS—FEDERAL AWARD PROGRAMS AUDITS DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2023-001: Section 202 Project Rental Assistance—Assistance Listing # 14.157 Recommendation: The Partnership should design and implement internal controls to ensure that all security deposits are transferred in the required time period. Management should also conduct a monthly inspection of the security deposit listing. Action Taken: Management is in agreement with the auditors’ findings. Management has instructed all accounting personnel to review all matters related to tenant compliance. If the United States Department of Housing and Urban Development has questions regarding this plan, please call Frank Shea at (401) 296-3761.
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