EIN: 050506548
UEI: RCU2EPFRKDU7
Data as of August 20, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 3, 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 April 3, 2026, which was (139 days ago).
What is a management decision? →Replacement Reserve Deposits: Criteria - Replacement reserve deposits should be made monthly in an amount determined by HUD; Condition - During the year ended June 30, 2025, insufficient deposits were made to the replacement reserve account; Cause - The project failed to make the required deposits to the replacement reserve; Effect or Potential Effect - The project is in violation of HUD replacement reserve procedures; Questionsed Costs - None; Perspective - Deposits totaling $4,926 were expected in the period. Deposits totaling only $4,458 were made during the period; Repeat Finding - Yes
Replacement Reserve Deposits: Comments on Finding and Recommendation - The Corporation acknowledges that sufficient deposits were not made due to the outstanding subsidies not received until the fiscal year 2026; Actions Taken or Planned - The Corporation made the deficient required reserve deposits once the outstanding subsidies were received in fiscal year 2026
2024-001
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 15, 2024. 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 April 15, 2025, which was (492 days ago).
What is a management decision? →Replacement reserve deposits should be made monthly in an account determined by HUD. During the year ended June 30, 2024, insufficient deposits were made to the replacement reserve. The project failed to make the required deposits to the replacement reserve. The project is in violation of HUD replacement reserve procedures. Deposits totaling $2,865 were expected in the period. Deposits totaling only $2,388 were made during the period.
The Corporation acknowledges that sufficient deposits were not made and agrees with the recommendation. The Corporation plans to make the required reserve deposits for the year ended June 30, 2025.
2023-001
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on February 15, 2024. 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 August 15, 2024, which was (735 days ago).
What is a management decision? →Criteria: Replacement reserve deposits should be made monthly in an amount determined by HUD. Condition: During the year ended June 30, 2023, one of the twelve deposits were made to the replacement reserve account. Cause: The project failed to make the required deposits to the replacement reserve. Effect or potential effect: The project is in violation of HUD replacement reserve procedures. Questioned costs: None. Perspective: One deposit of $1,000 was made in July 2022. No other deposits were made in the remaining eleven months in the audit period. Repeat finding: Yes.
Comments on Finding and Recommendation: The Corporation acknowledges that the deposits were not made and agrees with the recommendation. The reason there were no additional deposits, other than the $1,000 in July 2022, was because the subsidy funds were not received starting October 2022. Actions Taken or Planned: The Corporation plans to make the required reserve deposits for the year ended June 30, 2024.
2022-001
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 20, 2022. 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 April 20, 2023, which was (1218 days ago).
What is a management decision? →Criteria: Replacement reserve deposits should be made monthly in an amount determined by HUD. Condition: During the year ended June 30, 2022, ten of twelve deposits were made to the replacement reserve account. Cause: The project failed to make the required deposits to the replacement reserve. Effect or Potential Effect: The project is in violation of HUD replacement reserve procedures. Questioned Costs: None. Perspective: Deposits were not made for two of the twelve months in the audit period. Repeat Finding: Yes. Recommendation: We recommend that management make the required monthly deposits to the replacement reserve account. views of responsible officials: Management concurs with the finding and recommendation.
Comments on Finding and Recommendation: The Corporation acknowledges that the deposits were not made and agrees with the recommendation. The property manager was in communication with the local HUD office regarding this issue. The Corporation had over $4,000/unit in reserves at the time, and there were some unbudgeted expenses which required the use of operating funds that would normally have been used for the reserve deposits. Therefore, the reserve deposits were not transferred during this period. Actions Taken or Planned: The Corporation made the required reserve deposits for the year ended June 30, 2023.
2021-001
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on November 1, 2021. 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 May 1, 2022, which was (1572 days ago).
What is a management decision? →Criteria: Replacement reserve deposits should be made monthly in an amount determined by HUD. Condition: During the year ended June 30, 2021, no deposits were made to the replacement reserve account. Cause: The project failed to make the required deposits to the replacement reserve. Effect or Potential Effect: The project is in violation of HUD replacement reserve procedures. Questioned Costs: None. Perspective: Deposits were not made for each of the twelve months in the audit period. Repeat Finding: Yes. Recommendation: We recommend that management make the required monthly deposits to the replacement reserve account. views of responsible officials: Management concurs with the finding and recommendation.
Comments on Finding and Recommendation: The Corporation acknowledges that the deposits were not made and agrees with the recommendation. The property manager was in communication with the local HUD office regarding this issue. The Corporation had over $4,000/unit in reserves at the time, and there were some unbudgeted expenses which required the use of operating funds that would normally have been used for the reserve deposits. Therefore, the reserve deposits were not transferred during this period. Actions Taken or Planned: The Corporation made the required reserve deposits for the year ended June 30, 2021 on July 26, 2021.
2020-004
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 12, 2021. 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 November 12, 2021, which was (1742 days ago).
What is a management decision? →CRITERIA: MOVE-IN AND MOVE-OUT INSPECTIONS SHOULD BE COMPLETED FOR ALL UNITS AND THE PRESCRIBED FORMS ARE TO BE INCLUDED IN THE TENANT FILES AS EVIDENCE OF THESE INSPECTIONS. CONDITION: MOVE-IN AND MOVE-OUT INSPECTION FORMS WERE NOT NOTED IN THE FILES OF THE TENANTS SELECTED FOR TESTING. CAUSE: THE PROPERTY MANAGER/MANAGEMENT AGENT FAILED TO DOCUMENT MOVE-IN AND MOVE-OUT INSPECTIONS. EFFECT OR POTENTIAL EFFECT: THE PROJECT IS IN VIOLATION OF HUD TENANT PROCEDURES. PERSPECTIVE: FOUR-TENANT FOLDERS WERE SELECTED FOR REVIEW OF THE 10-UNIT PROJECT. RECOMMENDATION: WE RECOMMEND THAT MANAGEMENT WORK TO COMPLETE UNIT INSPECTIONS AT MOVE-IN AND MOVE-OUT. VIEWS OF RESPONSIBLE OFFICIALS: MANAGEMENT CONCURS WITH THE FINDING AND RECOMMENDATION.
COMMENTS ON FINDING AND RECOMMENDATION: ROSE-ARC HOUSING INC. (THE CORPORATION) IS IN AGREEMENT WITH THE FINDING AND THE RECOMMENDATION. ACTIONS TAKEN OR PLANNED: THE CORPORTATION WILL BE WORKING WITH THE MANAGEMENT COMPANY TO DEVELOP PROCEDURES FOR CONDUCTING MOVE-IN/MOVE-OUT INSPECTIONS ROUTINELY. OVER THE NEXT FEW MONTHS, THE CORPORATION WILL HAVE DEVELOPED NEW PROCESSES FOR THE MANAGEMENT COMPANY TO FOLLOW SO THIS PROCEDURE IS OPERATING CONSISTENTLY.
CRITERIA: A POTENTIAL TENANT'S DISABILITY SHOULD BE VERIFIED USING THE PRESCRIBED FORM AND DOCUMENTATION SHOULD BE KEPT IN THE TENANT FILE. CONDIITION: DISABILITY VERIFICATION FORMS WERE NOT NOTED IN THE TENANT FILES SELECTED FOR TESTING. CAUSE: THE PROPERTY MANAGER/MANAGEMENT AGENT FAILED TO DOCUMENT VERIFICATION OF DISABILITY. EFFECT OR POTENTIAL EFFECT: THE PROJECT IS IN VIOLATION OF HUD TENANT PROCEDURES. PERSPECTIVE: FOUR TENANT FOLDERS WERE SELECTED FOR REVIEW OF THE 10-UNIT PROJECT. RECOMMENDATION: WE RECOMMEND THAT MANAGEMENT VERIFY AND DOCUMENT TENANT DISABILITY STATUS. VIEWS OF RESPONSIBLE OFFICIALS: MANAGEMENT CONCURS WITH THE FINDING AND RECOMMENDATION.
COMMENTS ON FINDING AND RECOMMENDATION: THE CORPORATION IS IN AGREEMENT WITH THE FINDING AND RECOMMENDATION. ACTIONS TAKEN OR PLANNED: THE CORPORATION HAS BEGUN REVIEWING AND REVISING ITS CURRENT POLICIES AND PROCEDURES OF VERIFICATION OF DISABILITY. OVER THE NEXT FEW MONTHS, THE CORPORATION IS PLANNING TO MODIFY ITS CURRENT PROCESSES SO TENANT DISABILITIES ARE APPROPRIATELY VERIFIED AND THE DOCUMENTATION OF THIS VERIFICATION (HUD-90102) IS MAINTAINED IN THE TENANT FILES.
CRITERIA: DISUBURSEMENTS FROM THE RESERVE FOR REPLACEMENT ACCOUNT MAY ONLY BE MADE AFTER WRITTEN CONSENT IS RECEIVED FROM HUD. CONDITION: DURING THE YEAR ENDED JUNE 30, 2020, TWO TRANSFERS WERE MADE FROM THE RESERVE FOR REPLACEMENT TO THE OPERATING ACCOUNT TO COVER EXPENSES. CAUSE: THE PROJECT TRANSFERRED FUNDS TO THE OPERATING ACCOUNT TO COVER EXPENSES BECAUSE THEY DID NOT RECEIVE THEIR HAP PAYMENTS IN SEPTEMBER AND OCTOBER 2019. EFFECT OR POTENTIAL EFFECT: THE PROJECT IS IN VIOLATION OF HUD REPLACEMENT RESERVE PROCEDURES. PERSPECTIVE: THESE WERE THE ONLY TWO DISBURSEMENTS FROM THE REPLACEMENT RESERVE ACCOUNT DURING THE YEAR. RECOMMENDATION: WE RECOMMEND THAT MANAGEMENT OBTAIN AND DOCUMENT HUD APPROVAL PRIOR TO MAKING TRANSFERS FROM THE REPLACEMENT RESERVE ACCOUNT. VIEWS OF RESPONSIBLE OFFICIALS: MANAGEMENT CONCURS WITH THE FINDING AND RECOMMENDATION.
COMMENTS ON FINDING AND RECOMMENDATION: THE CORPORATION ACKNOWLEDGES THE WITHDRAWALS AND AGREES WITH THE RECOMMENDATION. THE WITHDRAWALS, WHICH WERE MADE IN OCTOBER 2019 AND FEBRUARY 2020 TO COVER OPERATIONAL EXPENSES DURING A TIME PERIOD WHEN HAP PAYMENTS WERE NOT RECEIVED WHEN REQUESTED (SEPTEMBER AND OCTOBER 2019). ALTHOUGH THE MANGAGEMENT COMPANY WAS IN CONTACT WITH THE HUD PROJECT ANALYST DURING THAT TIME PERIOD, DOCUMENTATION OF THE DISCUSSION REGARDING THESE RESERVE WITHDRAWALS WAS NOT MAINTAINED. ACTIONS TAKEN OR PLANNED: THE CORPORATION WILL DOCUMENT AND MAINTAIN SUPPORT FOR ANY FUTURE REPLACEMENT RESERVE WITHDRAWALS.
CRITERIA: REPLACEMENT RESERVE DEPOSITS SHOULD BE MADE MONTHLY IN AN AMOUNT DETERMINED BY HUD. CONDITION: DURING THE YEAR ENDED JUNE 30, 2020, NO DEPOSITS WERE MADE TO THE REPLACEMENT RESERVE ACCOUNT. CAUSE: THE PROJECT FAILED TO MAKE THE REQUIRED DEPOSITS TO THE REPLACEMENT RESERVE ACCOUNT. EFFECT OR POTENTIAL EFFECT: THE PROJECT IS IN VIOLATION OF HUD REPLACEMENT RESERVE PROCEDURES. PERSPECTIVE: DEPOSITS WERE NOT MADE FOR EACH OF THE TWELVE MONTHS IN THE AUDIT PERIOD. RECOMMENDATION: WE RECOMMEND THAT MANAGEMENT MAKE THE REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ACCOUNT. VIEWS OF RESPONSIBLE OFFICIALS: MANAGEMENT CONCURS WITH THE FINDING AND RECOMMENDATION.
COMMENTS ON FINDING AND RECOMMENDATION: THE CORPORATION ACKNOWLEDGES THAT THE DEPOSITS WERE NOT MADE AND AGREES WITH THE RECOMMENDATION. THE PROPERTY MANAGER WAS IN COMMUNICATION WITH THE LOCAL HUD OFFICE REGARDING THIS ISSUE. THE CORPORATION HAD OVER $4000/UNIT IN RESERVES AND SOME UNBUDGETED EXPENSES WHICH DEMANDED THE USE OF OPERATING FUNDS THAT WOULD NORMALLY HAVE BEEN USED FOR THE RESERVE DEPOSITS. THEREFORE, THE RESERVE DEPOSITS WERE NOT BUDGETED FOR DURING THIS PERIOD. ACTIONS TAKEN OR PLANNED: THE CORPORATION WILL MAKE ARRANGEMENTS TO HAVE THE REQUIRED RESERVE DEPOSITS MADE AND WILL PROVIDE EVIDENCE OF SUCH TO THE LOCAL MULTIFAMILY PROGRAM CENTER.
CRITERIA: MANAGEMENT IS REQUIRED TO SUBMIT THE SINGLE AUDIT REPORTING PACKAGE AND DATA COLLECTION FORM TO THE FEDERAL AUDIT CLEARINGHOUSE WITHIN 30 DAYS OF RECEIPT OF THE AUDIT REPORT OR NINE MONTHS AFTER THE YEAR END, WHICHEVER IS SOONER. CONDITION: PER REVIEW OF THE FEDERAL AUDIT CLEARINGHOUSE WEBSITE, IT WAS NOTED THAT THE REPORTING PACKAGE FOR THE YEAR ENDED JUNE 30, 2019 WAS NOT INCLUDED IN THE DATABASE. CAUSE: MANAGEMENT DID NOT SUBMIT THE REPORTING PACKAGE AND DATA COLLECTION FORM TO THE FEDERAL AUDIT CLEARINGHOUSE FOR THE YEAR ENDED JUNE 30, 2019. EFFECT OR POTENTIAL EFFECT: THE PROJECT IS IN VIOLATION OF UNIFORM GUIDANCE REPORTING REQUIREMENTS. RECOMMENDATION: WE RECOMMEND THAT MANAGEMENT SUBMIT THE REPORTING PACKAGAE FOR THE YEAR ENDED JUNE 30, 2019 AND ALL SUBSEQUENT YEARS IN A TIMELY MANNER. VIEWS OF RESPOBSIBLE OFFICIALS: MANAGEMENT CONCURS WITH THE FINDING AND RECOMMENDATION.
COMMENTS ON FINDING AND RECOMMENDATION: THE CORPORATION IS IN AGREEMENT WITH THE FINDING AND RECOMMENDATION. ACTIONS TAKEN OR PLANNED: THE CORPORATION WILL COORDINATE WITH THE INDEPENDENT PUBLIC ACCOUNTANT TO HAVE THE DATA COLLECTION FORMS SUBMITTED. PROCEDURES WILL BE DEVELOPED TO SUBMIT THE DATA COLLECTION FORM IN A MORE TIMELY MANNER.
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 19, 2017. 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 April 19, 2018, which was (3045 days ago).
What is a management decision? →GSA_MIGRATION
GSA_MIGRATION
2016-002
GSA_MIGRATION
GSA_MIGRATION
2016-002
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 28, 2016. 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 28, 2017, which was (3432 days ago).
What is a management decision? →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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