DENMARK NON-PROFIT HOUSING CORPORATION DBA DANISH VILLAS

EIN: 237382008

UEI: DQPCC14HDEC6

Data as of August 19, 2026

9
Audit Years
2
Total Findings
0
Repeat Findings

FY 2023-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on April 12, 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 October 12, 2024, which was (677 days ago).

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2023-001
Special Tests & Provisions
Condition

2023-001 - Property Insurance Program: Rural Rental Housing Loans Criteria: Per Title 7 CFR Part 3560.105, the property must purchase and maintain property insurance on all buildings included as security for an Agency loan. Condition: The insurance policy lapsed as of September 15, 2023, and the property was left uninsured. Questioned Cost: Not applicable. Context: Property insurance is required as security for an Agency loan. The property does not have property insurance. Effect: Without property insurance, the property is not covered for damages or other liabilities impacting the property. Information: Isolated instance. Prior Year Finding: This was not a prior year finding. Recommendation: Obtain property insurance for the property. Management’s Response: Insurance was force placed by Rural Development effective 12/26/2023, bid accepted on 3/5/2024 by the board, for a replacement policy that will be effective when the fire damage in building 141 is completed.

Corrective Action Plan

Audit Finding Number: 2023-0001 Agency: U.S. Department of Agriculture Responsible Person, Title: David Heyer, Managing Member Completion date: January 1, 2024 Agency Response: Concur Corrective Action Plan: Insurance was force placed by Rural Development effective 12/26/2023, bid accepted on 3/5/2024 by the board, for a replacement policy that will be effective when the fire damage in building 141 is completed.

About Special Tests and Provisions →
2023-002
Special Tests & Provisions
Condition

2023-002 - Insurance Escrow Program: Rural Rental Housing Loans Criteria: Per RD loan agreement, the property is required to establish an insurance escrow account equal to the amount of the premium due. Condition: As of December 31, 2023, the insurance escrow account was not properly funded to cover the insurance premium. Questioned Cost: Not applicable. Context: The property does not have property insurance and has not established an insurance escrow. Effect: The property does not have an escrow set aside to purchase required insurance.Information: Isolated instance. Prior Year Finding: This was not a prior year finding. Recommendation: Properly fund insurance escrow account. Management’s Response: An account is set up for the insurance escrow. Deposits will be made on a monthly basis to cover the annual cost of the insurance.

Corrective Action Plan

Audit Finding Number: 2023-0002 Agency: U.S. Department of Agriculture Responsible Person, Title: David Heyer, Managing Member Completion date: January 1, 2024 Agency Response: Concur Corrective Action Plan: An account is set up for the insurance escrow. Deposits will be made on a monthly basis to cover the annual cost of the insurance.

About Special Tests and Provisions →

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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