EIN: 411738556
UEI: G3E3XJPRHCN4
Data as of August 24, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on January 27, 2025. 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 27, 2025 (393 days ago).
What is a management decision? →The Project's replacement reserve cash balance was underfunded at September 30, 2024. Criteria: The management company failed to make the correct monthly deposits into the account. Effect: The replacement reserve cash balance was $85 less than it should be at September 30, 2024. Context: Activity in the replacement reserve account for the year ended September 30, 2024 was tested. No sample was tested. Questioned Costs - $85, Cause: The management company failed to increase the monthly deposit amount during the correct month. Recommendation: The Project should deposit $85 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will deposit $85 into the replacement reserve account as soon as possible. Questioned Costs - Department of Housing and Urban Development - $85, Non-compliance code - N
Show full finding ▾Hide full finding ▴FINDING 2024-001: SECTION 202, ASSISTANCE LISTING NUMBER 14.157 Condition: The Project's replacement reserve cash balance was underfunded at September 30, 2024. Criteria: The management company failed to make the correct monthly deposits into the account. Effect: The replacement reserve cash balance was $85 less than it should be at September 30, 2024. Context: Activity in the replacement reserve account for the year ended September 30, 2024 was tested. No sample was tested. Questioned Costs - $85, Cause: The management company failed to increase the monthly deposit amount during the correct month. Recommendation: The Project should deposit $85 into the replacement reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will deposit $85 into the replacement reserve account as soon as possible. Questioned Costs - Department of Housing and Urban Development - $85, Non-compliance code - N
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Rose Court respectfully submits the following corrective action plan for the year ended September 30, 2024. Name and address of independent public accounting firm: Baker Meinz & Associates, Ltd. 1000 Shelard Parkway, Suite 110 Minneapolis, MN 55426 Audit Period: September 30, 2024 The finding from the September 30, 2024 schedule of findings and questioned costs is discussed below. The finding is numbered consistently with the number 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 2024-001: SECTION 202, ASSISTANCE LISTING NUMBER 14.157 Condition: The Project's replacement reserve cash balance was underfunded at September 30, 2024. Recommendation: The Project should deposit $85 into the replacement reserve account. Action Taken: The Project agrees with the finding. Management will deposit $85 into the replacement reserve in December 2024. If the Department of Housing and Urban Development has questions regarding this plan, please call Craig Ritter at 320-302-0192.
FAC accepted this audit on June 5, 2023 — management decision was due December 5, 2023.
The Project's residual receipt reserve cash balance was underfunded by $227 at September 30, 2022. Criteria: The Project failed to make the residual receipt reserve deposit relating to the surplus cash calculation for the year ended September 30, 2021. Effect: The Project's residual receipt reserve cash balance was underfunded by $227. Context: Activity in the residual receipt reserve account for the year ended September 30, 2022 was tested. No sample was tested. Questioned Costs $227 Cause: The management company forgot to make the required residual receipt reserve deposit. Recommendation: The Project should deposit $227 into the residual receipt reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $227 into the residual receipt reserve account in November 2022. Questioned Costs - Department of Housing and Urban Development $227 Non-compliance code - B
Show full finding ▾Hide full finding ▴ROSE COURT HUD PROJECT NO. 092-EE009 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 202, ASSISTANCE LISTING NUMBER 14.157 Condition: The Project's residual receipt reserve cash balance was underfunded by $227 at September 30, 2022. Criteria: The Project failed to make the residual receipt reserve deposit relating to the surplus cash calculation for the year ended September 30, 2021. Effect: The Project's residual receipt reserve cash balance was underfunded by $227. Context: Activity in the residual receipt reserve account for the year ended September 30, 2022 was tested. No sample was tested. Questioned Costs $227 Cause: The management company forgot to make the required residual receipt reserve deposit. Recommendation: The Project should deposit $227 into the residual receipt reserve account. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management deposited $227 into the residual receipt reserve account in November 2022. Questioned Costs - Department of Housing and Urban Development $227 Non-compliance code - B
ROSE COURT HUD PROJECT NO. 092-EE009 CORRECTIVE ACTION PLANS YEAR ENDED SEPTEMBER 30, 2022 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Rose Court respectfully submits the following corrective action plans 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 202, ASSISTANCE LISTING NUMBER 14.157 The Project's residual receipt reserve cash balance was underfunded by $227 at September 30, 2022. Recommendation: The Project should deposit $227 into the residual receipt reserve account. Action Taken: The Project agrees with the finding. Management will deposit the $227 to the residual receipt reserve. The finding was corrected in November 2022. If the Department of Housing and Urban Development has questions regarding these plans, please call Craig Ritter at 320-302-0192.
The Project's security deposit liability account was underfunded at September 30, 2022. 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 $148. Context: The security deposit funding was tested at September 30, 2022. No sample was tested. Questioned costs $148 Cause: Management failed to recognize that the security deposit liability account was underfunded at September 30, 2022. 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 liabilty balance on a monthly basis. Questioned Costs - Department of Housing and Urban Development $148 Non-compliance code - M
Show full finding ▾Hide full finding ▴ROSE COURT HUD PROJECT NO. 092-EE009 SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) YEAR ENDED SEPTEMBER 30, 2022 Questioned Costs DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-002: SECTION 202, ASSISTANCE LISTING NUMBER 14.157 Condition: The Project's security deposit liability account was underfunded at September 30, 2022. 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 $148. Context: The security deposit funding was tested at September 30, 2022. No sample was tested. Questioned costs $148 Cause: Management failed to recognize that the security deposit liability account was underfunded at September 30, 2022. 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 liabilty balance on a monthly basis. Questioned Costs - Department of Housing and Urban Development $148 Non-compliance code - M
ROSE COURT HUD PROJECT NO. 092-EE009 CORRECTIVE ACTION PLANS YEAR ENDED SEPTEMBER 30, 2022 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Rose Court respectfully submits the following corrective action plans 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 2022-002: SECTION 202, ASSISTANCE LISTING NUMBER 14.157 The Project's security deposit liability account was underfunded by $148 at September 30, 2022. Recommendation: The Project should carefully review the statement of financial position to make sure the security deposit liability is funded. Action Taken: The Project agrees with the finding. Management will be reminded to review the tenant security deposit cash balance versus to security deposit liability balance on a monthly basis. The finding was corrected in December 2022. If the Department of Housing and Urban Development has questions regarding these plans, please call Craig Ritter at 320-302-0192.
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