Marengo Falls Corp

EIN: 391932888

UEI: FKZLM5XNL2V7

Data as of August 23, 2026

Marengo Falls Corp10 audit years5 findings
10
Audit Years
5
Total Findings
0
Repeat Findings

FY 2019-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on May 13, 2020. 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 13, 2020 (2109 days ago).

What is a management decision? →
2019-001
Eligibility

We found Enterprise Income Verification (EIV) reports were not retained as required by HUD. We identified five new tenants that we were unable to obtain evidence that the EIV income report was run within 90 days of move-in as it was not retained in the tenant file. Criteria: HUD requires that the Project obtain and retain the EIV income report within 90 days of move-in. Questioned Costs: No questioned costs were identified. Context: We tested 5 of 6 new tenants. Effect: The Project was not in compliance with HUD requirements surrounding tenant eligibility. Cause: Management has indicated turnover in staff at the Project resulted in not having the EIV income report being ran and in the tenant file within 90 days of move-in. Recommendation: We recommend management review their current documented processes and controls surrounding obtaining and retaining EIV reports. It would also be advisable to provide training around these processes and controls to ensure that they are occurring consistently. Management's Response: Management agrees with the finding. The Vice President of Property Management and Director of Occupancy and Compliance reviewed the internal controls surrounding compliance and put additional procedures in place with the third party servicer used for compliance processing.

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Full finding narrative

Agency: U.S. Department of Housing and Urban Development (HUD) CFDA Number: 14.157 Program: Supportive Housing for the Elderly Statement of Condition: We found Enterprise Income Verification (EIV) reports were not retained as required by HUD. We identified five new tenants that we were unable to obtain evidence that the EIV income report was run within 90 days of move-in as it was not retained in the tenant file. Criteria: HUD requires that the Project obtain and retain the EIV income report within 90 days of move-in. Questioned Costs: No questioned costs were identified. Context: We tested 5 of 6 new tenants. Effect: The Project was not in compliance with HUD requirements surrounding tenant eligibility. Cause: Management has indicated turnover in staff at the Project resulted in not having the EIV income report being ran and in the tenant file within 90 days of move-in. Recommendation: We recommend management review their current documented processes and controls surrounding obtaining and retaining EIV reports. It would also be advisable to provide training around these processes and controls to ensure that they are occurring consistently. Management's Response: Management agrees with the finding. The Vice President of Property Management and Director of Occupancy and Compliance reviewed the internal controls surrounding compliance and put additional procedures in place with the third party servicer used for compliance processing.

Corrective Action Plan

Finding: We found Enterprise Income Verification (EIV) reports were not retained as required by HUD. We identified five new tenants that we were unable to obtain evidence that the EIV income report was run within 90 days of move-in as it was not retained in the tenant. Corrective Action: Management agrees with the finding. The Vice President of Property Management and Director of Occupancy and Compliance reviewed the internal controls surrounding compliance and put additional procedures in place with the third party servicer used for compliance processing. Anticipated Completion Date: 4/30/2020 Responsible Contact Person: Vice President of Property Management and Director of Occupancy and Compliance

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FY 2018-12-31

FAC accepted this audit on April 9, 2019 — management decision was due October 9, 2019.

2018-001
Special Tests & Provisions

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2018-002
Special Tests & Provisions
QUESTIONED COSTS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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FY 2016-12-31

FAC accepted this audit on April 18, 2017 — management decision was due October 18, 2017.

2016-001
Eligibility

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2016-002
Eligibility

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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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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