EIN: 261995944
UEI: R4ZGKBMKFKA3
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 16, 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 July 16, 2023 (1139 days ago).
What is a management decision? →Surplus cash available at March 31, 2020 was not deposited to the residual receipts reserve account during the year. Criteria: When surplus cash is available, it is an ongoing obligation to deposit the funds available into the residual receipts reserve account, unless waived by HUD. Effect: The project is not in compliance with the provisions of the Regulatory agreement. Cause: Certain real estate tax and insurance premium installments were due within three months following the end of the prior fiscal year which utilized the surplus cash available at March 31, 2020. Recommendations: Review surplus cash computation to ensure properly reported. If the project has surplus cash, the amount should be timely deposited to the residual receipts reserve account. Views of Responsible Officials and Planned Corrective Actions: Management believes that the surplus cash computation at March 31, 2020 should have reflected liabilities for the real estate taxes and insurance installments due subsequent to the end of the year and that there was no surplus cash at March 31, 2020.
Show full finding ▾Hide full finding ▴Finding 2021-001 Section 202 Condition: Surplus cash available at March 31, 2020 was not deposited to the residual receipts reserve account during the year. Criteria: When surplus cash is available, it is an ongoing obligation to deposit the funds available into the residual receipts reserve account, unless waived by HUD. Effect: The project is not in compliance with the provisions of the Regulatory agreement. Cause: Certain real estate tax and insurance premium installments were due within three months following the end of the prior fiscal year which utilized the surplus cash available at March 31, 2020. Recommendations: Review surplus cash computation to ensure properly reported. If the project has surplus cash, the amount should be timely deposited to the residual receipts reserve account. Views of Responsible Officials and Planned Corrective Actions: Management believes that the surplus cash computation at March 31, 2020 should have reflected liabilities for the real estate taxes and insurance installments due subsequent to the end of the year and that there was no surplus cash at March 31, 2020.
United States Department of Housing and Urban Development Rhode Island Multifamily Program Center Manville Hill Housing Corporation respectfully submits the following corrective action plan for the year ended March 31, 2021. Name and address of independent public accounting firm: Damiano, Burk & Nuttall, P.C. 6 Blackstone Valley Place Suite 109 Lincoln, RI 02865 Audit period: For the year ended March 31, 2021 The findings from the schedule of findings and questioned costs for the year ended March 31, 2021 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 2021-001: Section 202 Project Rental Assistance CFDA 14.157 Recommendations: Review surplus cash computation to ensure properly reported. If the project has surplus cash, the amount should be timely deposited to the residual receipts reserve account. Action Taken: Management believes that the surplus cash computation at March 31, 2020 should have reflected liabilities for the real estate taxes and insurance installments due subsequent to the end of the year and that there was no surplus cash at March 31, 2020.
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