EIN: 411455507
UEI: N3S2XM3RJMQ6
Audited by: BAKER MEINZ & ASSOCIATES, LTD
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 20, 2026. 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 20, 2026 (51 days ago).
What is a management decision? →The Project's replacement reserve cash balance was underfunded at September 30, 2025. Criteria: The Project withdrew more funds from the replacement reserve account during the year than it should have. Effect: The replacement reserve cash balance was $30 less than it should be at September 30, 2025. Context: Activity in the replacement reserve account for the year ended September 30, 2025 was tested. No sample was tested. Questioned Costs - $30; Cause: The Project misinterpreted an amount on an invoice when requesting a replacement reserve withdrawal. Recommendation: The Project should deposit $30 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will deposit $30 into the replacement reserve account. Total-Department of Housing and Urban Development - $30; Non-compliance code - A
Show full finding ▾Hide full finding ▴DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2025-001: SECTION 223(a)(7), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project's replacement reserve cash balance was underfunded at September 30, 2025. Criteria: The Project withdrew more funds from the replacement reserve account during the year than it should have. Effect: The replacement reserve cash balance was $30 less than it should be at September 30, 2025. Context: Activity in the replacement reserve account for the year ended September 30, 2025 was tested. No sample was tested. Questioned Costs - $30; Cause: The Project misinterpreted an amount on an invoice when requesting a replacement reserve withdrawal. Recommendation: The Project should deposit $30 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will deposit $30 into the replacement reserve account. Total-Department of Housing and Urban Development - $30; Non-compliance code - A
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT NHHI - Mankato Barrier Free Housing Corporation respectfully submits the following corrective action plans for the year ended September 30, 2025 Name and address of independent public accounting firm:Baker Meinz & Associates, LTD. 1000 Shelard Parkway, Suite 110 Minneapolis, MN 55426 Audit Period: September 30, 2025 The findings from the September 30, 2025 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 2025-001: SECTION 223(a)(7), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project withdrew more funds from the replacement reserve account during the year than it should have. Recommendation: The Project should deposit $30 into the replacement reserve account. Action Taken: The Project agrees with the finding. Management deposited $30 into the replacement reserve account during November, 2025.
The Project overpaid management fees by $235 to the management company. Criteria: Management fees should be calculated according to HUD guidelines. Effect: The Project's management fee is overstated. Context: The management fee for the year was tested for accuracy. The test determined that the management fee charged by the management company was more than the calculated amount. No sample was tested. Population - $38,342; Sample - $38,342; Not in Compliance - $235; Questioned Costs - $235; Cause: The management company did not compute the management fee correctly. Recommendation: The management company should reimburse the Project for the $235 overpayment. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The management company will repay the overpaid management fee as soon as possible. Total-Department of Housing and Urban Development - $235; Non-compliance code - J
Show full finding ▾Hide full finding ▴DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2025-002, SECTION 223(a)(7), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project overpaid management fees by $235 to the management company. Criteria: Management fees should be calculated according to HUD guidelines. Effect: The Project's management fee is overstated. Context: The management fee for the year was tested for accuracy. The test determined that the management fee charged by the management company was more than the calculated amount. No sample was tested. Population - $38,342; Sample - $38,342; Not in Compliance - $235; Questioned Costs - $235; Cause: The management company did not compute the management fee correctly. Recommendation: The management company should reimburse the Project for the $235 overpayment. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. The management company will repay the overpaid management fee as soon as possible. Total-Department of Housing and Urban Development - $235; Non-compliance code - J
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2025-002: SECTION 223(a)(7), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project overpaid management fees by $235 to the management company. Recommendation: The management company should reimburse the Project for the $235 overpayment. Action Taken: The Project agrees with the finding. The management company repaid the Project $235 in November, 2025. If the Department of Housing and Urban Development has questions regarding these plans, please call Michael Thomas at 651-639-9799.
FAC accepted this audit on January 20, 2025 — management decision was due July 20, 2025.
FAC accepted this audit on February 5, 2024 — management decision was due August 5, 2024.
The Project's security deposit liability account was underfunded at September 30, 2023. Criteria: The Project should have a security deposit cash balance in excess of the security deposit liability balance. Effect: The security deposit account was underfunded by $11. Context: The security deposit funding was tested at September 30, 2023. No sample was tested. Questioned costs - NONE. Cause: Management failed to recognize that the security deposit liability account was underfunded at September 30, 2023. Recommendation: The Project should carefully review the statement of financial position to make sure the security deposit liability account is funded. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will be reminded to review the tenant security deposit cash balance versus the security deposit liability balance on a monthly basis. Questioned Costs - Department of Housing and Urban Development - $0. Non-compliance code - M
Show full finding ▾Hide full finding ▴C. Findings and Questioned Costs-Major Federal Award Programs Audit DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2023-001: SECTION 223(a)(7), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project's security deposit liability account was underfunded at September 30, 2023. Criteria: The Project should have a security deposit cash balance in excess of the security deposit liability balance. Effect: The security deposit account was underfunded by $11. Context: The security deposit funding was tested at September 30, 2023. No sample was tested. Questioned costs - NONE. Cause: Management failed to recognize that the security deposit liability account was underfunded at September 30, 2023. Recommendation: The Project should carefully review the statement of financial position to make sure the security deposit liability account is funded. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will be reminded to review the tenant security deposit cash balance versus the security deposit liability balance on a monthly basis. Questioned Costs - Department of Housing and Urban Development - $0. Non-compliance code - M
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT NHHI - Mankato Barrier Free Housing Corporation respectfully submits the following corrective action plan for the year ended September 30, 2023. Name and address of independent public accounting firm: Hinrichs & Associates, Ltd., 1000 Shelard Parkway, Suite 110, Minneapolis, MN 55426. Audit Period: September 30, 2023. The findings from the September 30, 2023 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 2023-001: SECTION 223(a)(7), ASSISTANCE LISTING NUMBER 14.155 Condition: The Project's security deposit liability account was underfunded at September 30, 2023. Recommendation: The Project should carefully review the statement of financial position to make sure the security deposit liability account is funded. Action Taken: The Project agrees with the finding. Management will be reminded to review the tenant security deposit cash balance versus the security deposit liability balance on a monthly basis. The finding was corrected in October 2023. If the Department of Housing and Urban Development has questions regarding this plan, please call JoAnn Rademacher at 651-639-9799.
FAC accepted this audit on December 19, 2022 — management decision was due June 19, 2023.
FAC accepted this audit on January 24, 2022 — management decision was due July 24, 2022.
FAC accepted this audit on January 31, 2021 — management decision was due July 31, 2021.
FAC accepted this audit on August 16, 2020 — management decision was due February 16, 2021.
FAC accepted this audit on May 8, 2019 — management decision was due November 8, 2019.
FAC accepted this audit on June 3, 2018 — management decision was due December 3, 2018.
FAC accepted this audit on June 25, 2017 — management decision was due December 25, 2017.
GSA_MIGRATION
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GSA_MIGRATION
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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