EIN: 237329242
UEI: THRAJAXW61L9
Data as of August 20, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on May 30, 2023. 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 30, 2023, which was (995 days ago).
What is a management decision? →HOUSING OF OLIVIA, INC. HUD PROJECT NO. 092-35132-NP-SUP SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED SEPTEMBER 30, 2022 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 221 (d)(3), ASSISTANCE LISTING NUMBER 14.239 Condition: The Project did not file the form HUD-93479 "Monthly Report for Establishing Net Income." Criteria: The Project should file this form monthly. Effect: No financial effect. Context: The monthly filing requirement for form HUD-93479 was tested for compliance for the year end September 30, 2022. Number Dollars Population 12 N/A Sample 12 N/A Not in Compliance 12 N/A Questioned Costs None Cause: The new management company was unaware of the monthly filing requirement of form HUD-93479, and unknowingly failed to file the form the last 12 months of the year ended September 30, 2022. Recommendation: The Project should immediately determine the steps necessary to successfully file the form on a monthly basis. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will determine the steps necessary to file this form. Questioned Costs - Department of Housing and Urban Development None Non-compliance code - R
HOUSING OF OLIVIA, INC. HUD PROJECT NO. 092-35132-NP-SUP CORRECTIVE ACTION PLAN YEAR ENDED SEPTEMBER 30, 2022 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Housing of Olivia, Inc. respectfully submits the following corrective action plan for the year ended September 30, 2022. Name and address of independent public accounting firm: Hinrichs & Associates, Ltd 1000 Shelard Parkway, Suite 110 Minneapolis, MN 55426 Audit Period: September 30, 2022 The findings from the September 30, 2022 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 - FINANCIAL STATEMENT AUDIT NONE FINDINGS - FEDERAL AWARD PROGRAMS AUDIT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 221 (d)(3), ASSISTANCE LISTING NUMBER 14.239 The Project did not file the form HUD-93479 "Monthly Report for Establishing Net Income." Recommendation: The Project should immediately determine the steps necessary to successfully file the form on a monthly basis. Action Taken: The Project agrees with the finding. Management will determine the steps necessary to file this form. If the Department of Housing and Urban Development has questions regarding this plan, please call Josh Warner at 320-269-6640.
2021-002
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 13, 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 December 13, 2022, which was (1347 days ago).
What is a management decision? →HOUSING OF OLIVIA, INC. HUD PROJECT NO. 092-35132-NP-SUP SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED SEPTEMBER 30, 2021 C. Findings and Questioned Costs - Major Federal Award Programs Audit Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2021-001: SECTION 221 (d)(3), CFDA 14.239 Condition: The Project overpaid management fees to the management company. Criteria: The management company should calculate management fees using the correct HUD approved percentage. Effect: The Project's management fee expense is overstated. Context: The management fee for the year ended September 30, 2021 was tested for accuracy. The test determined that the management fee was overpaid. The details and results of the sample are as follows: Number Dollars Population 1 $32,937 Sample 1 32,937 Not in Compliance 1 32,937 Questioned Costs $1,271 Cause: The management company overcharged management fees based on the HUD approved management fee percentage. Recommendation: The management company should recompute management fees, and make the necessary adjustments. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The management company will recompute management fees for the year ended September 30, 2021. Any overpayments will be refunded to the Project. The finance team will be reminded to calculate management fees using the HUD approved percentage. Questioned Costs - Department of Housing and Urban Development $1,271 Non-compliance code - J
HOUSING OF OLIVIA, INC. HUD PROJECT NO. 092-35132-NP-SUP CORRECTIVE ACTION PLAN YEAR ENDED SEPTEMBER 30, 2021 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Housing of Olivia, Inc. respectfully submits the following corrective action plan for the year ended September 30, 2021. Name and address of independent public accounting firm: Hinrichs & Associates, Ltd 1000 Shelard Parkway, Suite 110 Minneapolis, MN 55426 Audit Period: September 30, 2021 The findings from the September 30, 2021 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 - FINANCIAL STATEMENT AUDIT NONE FINDINGS - FEDERAL AWARD PROGRAMS AUDIT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2021-001: SECTION 221 (d)(3), CFDA 14.239 The Project overpaid management fees to the management company. Recommendation: The management company should recompute management fees, and make the necessary adjustments. Action Taken: The Project agrees with the finding. The management company will recompute management fees for the year ended September 30, 2021. Any overpayments will be refunded to the Project. The finance team will be reminded to calculate management fees using the HUD approved percentage.
HOUSING OF OLIVIA, INC. HUD PROJECT NO. 092-35132-NP-SUP SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED SEPTEMBER 30, 2021 Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2021-002: SECTION 221 (d)(3), CFDA 14.239 Condition: The Project did not file the form HUD-93479 "Monthly Report for Establishing Net Income." Criteria: The Project should file this form monthly. Effect: No financial effect. Context: The monthly filing requirement for form HUD-93479 was tested for compliance for the year end September 30, 2021. Number Dollars Population 12 N/A Sample 12 N/A Not in Compliance 10 N/A Questioned Costs None Cause: The new management company was unaware of the monthly filing requiremement of form HUD-93479, and unknowingly failed to file the form the last 10 months of the year ended September 30, 2021. Recommendation: The Project should immediately determine the steps necessary to successfully file the form on a monthly basis. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will determine the steps necessary to file this form. Questioned Costs - Department of Housing and Urban Development None Non-compliance code - R
HOUSING OF OLIVIA, INC. HUD PROJECT NO. 092-35132-NP-SUP CORRECTIVE ACTION PLAN (CONTINUED) YEAR ENDED SEPTEMBER 30, 2021 FINDING 2021-002: SECTION 221 (d)(3), CFDA 14.239 The Project did not file the form HUD-93479 "Monthly Report for Establishing Net Income." Recommendation: The Project should immediately determine the steps necessary to successfully file the form on a monthly basis. Action Taken: The Project agrees with the finding. Management will determine the steps necessary to file this form. If the Department of Housing and Urban Development has questions regarding this plan, please call Alicia Witherspoon at 763-541-9199.
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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