EIN: 431450475
UEI: Z3E3JMX3BR43
Audited by: KPM CPAs, PC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of September 2, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 31, 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 October 1, 2026 (25 days from today).
What is a management decision? →FAC accepted this audit on March 31, 2026 — management decision was due October 1, 2026.
FAC accepted this audit on January 5, 2024 — management decision was due July 5, 2024.
FAC accepted this audit on December 12, 2022 — management decision was due June 12, 2023.
Susanne Corporation did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: Susanne Corporation?s written policies and procedures were not updated to include required Uniform Guidance policies. Effect: Employees of Susanne Corporation could enter into a transaction that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend Susanne Corporation should draft and adopt written procedures in accordance with Uniform Guidance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding and is in the process of drafting and implementing written procedures for cash management and determining the allowability of costs in accordance with Subpart E ? Cost Principals.
Show full finding ▾Hide full finding ▴Significant Deficiency 2022-002 Written Uniform Guidance Policies and Procedures Federal Program: U.S. Department of Housing and Urban Development Federal Assistance Listing 14.155 ? Section 207-223(f) Mortgage Insurance for the Purchase or Refinance of Existing Multi-Family Projects Criteria: Uniform Guidance requires written procedures for cash management and determining the allowability of costs in accordance with Subpart E ? Cost Principals. Condition: Susanne Corporation did not have written procedures for cash management (2 CFR 200.302(b)(6)) and allowable costs determination (2 CFR 200.302(b)(7)) in accordance with Uniform Guidance requirements. Questioned Costs: $0 Cause: Susanne Corporation?s written policies and procedures were not updated to include required Uniform Guidance policies. Effect: Employees of Susanne Corporation could enter into a transaction that is not in compliance with Uniform Guidance requirements. Recommendation: We recommend Susanne Corporation should draft and adopt written procedures in accordance with Uniform Guidance requirements. Views of Responsible Officials and Planned Corrective Action: Management agrees with the finding and is in the process of drafting and implementing written procedures for cash management and determining the allowability of costs in accordance with Subpart E ? Cost Principals.
U.S. Department of Housing and Urban Development Susanne Corporation respectfully submits the following corrective action plan for the year ended June 30, 2022. Name and address of independent public accounting firm: KPM CPAs, PC 1445 E Republic Road Springfield, Missouri 65804 Audit period: July 1, 2021 through June 30, 2022 The findings from the June 30, 2022 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Findings ? Financial Statement Audit Significant Deficiency 2022-001 Financial Reporting Recommendation: Management should review and update monthly and year-end closing procedures to ensure controls over financial reporting are sufficient for financial statements to be prepared in accordance with accounting principles generally accepted in the United States of America. Action Taken: Management agrees with the finding and year end closing procedures will be changed to reflect appropriate accounting principles. Findings ? Major Federal Award Program Audit Significant Deficiency 2022-002 Written Uniform Guidance Policies and Procedures Recommendation: We recommend Susanne Corporation draft and adopt written procedures in accordance with Uniform Guidance requirements. Action Taken: Management agrees with the finding and is in the process of drafting and implementing written procedures for cash management and determining the allowability of costs in accordance with Subpart E ? Cost Principals. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call Joey Wilke at 417-366-3440.
FAC accepted this audit on December 1, 2021 — management decision was due June 1, 2022.
There was no evidence that annual tenant certifications/recertifications were reviewed for signatures. A sample of 3 tenant files from a population of 30 tenant files was selected for testing. The sample was not a statistical sample. The test found that 3 of the 3 files tested did not have evidence of review. The audit finding appears to be a systemic problem. The cause of the condition was due to the fact that management did not follow prior year corrective action plan recommendations. The effect is that an ineligible tenant could be allowed to live in this type of housing if the information on the certification/recertification is not verified. Recommendation: For all tenant files, it is recommended there be at least an annual review for missing signatures, performed by someone other than the person signing as owner/owner?s representative, as evidenced by the reviewer initialing the certifications/recertifications. Repeat Finding: This is a repeat finding. Finding reference number 2020-001. Views of responsible officials and planned corrective action: Susanne Corporation agrees with this finding and will adhere to the corrective action plan. There were no questioned costs.
Show full finding ▾Hide full finding ▴2021-001. Significant Deficiency in Internal Controls Over Compliance for Eligibility Criteria: Uniform Guidance requires that an entity establishes and maintains internal controls designed to reasonably ensure compliance with eligibility requirements. Condition: There was no evidence that annual tenant certifications/recertifications were reviewed for signatures. A sample of 3 tenant files from a population of 30 tenant files was selected for testing. The sample was not a statistical sample. The test found that 3 of the 3 files tested did not have evidence of review. The audit finding appears to be a systemic problem. The cause of the condition was due to the fact that management did not follow prior year corrective action plan recommendations. The effect is that an ineligible tenant could be allowed to live in this type of housing if the information on the certification/recertification is not verified. Recommendation: For all tenant files, it is recommended there be at least an annual review for missing signatures, performed by someone other than the person signing as owner/owner?s representative, as evidenced by the reviewer initialing the certifications/recertifications. Repeat Finding: This is a repeat finding. Finding reference number 2020-001. Views of responsible officials and planned corrective action: Susanne Corporation agrees with this finding and will adhere to the corrective action plan. There were no questioned costs.
CORRECTIVE ACTION PLAN September 27, 2021 U.S. Department of Housing and Urban Development, Real Estate Assessment Center (REAC) Susanne Corporation respectfully submits the following corrective action plan for the year ended June 30, 2021. Name and address of independent public accounting firm: Taylor Green PC, 602 W. McCord, Neosho, MO 64850 Audit period: July 1, 2020 through June 30, 2021 The findings from the September 27, 2021 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section I of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS ? FEDERAL AWARDS PROGRAM AUDITS FINDING NO. 2021-001: Documentation of Review Recommendation: Susanne Corporation should ensure that all tenant certification/recertification documents are signed in a timely manner even when a representative signature has to be obtained. For all tenant files, it is recommended there be at least an annual review for missing signatures, performed by someone other than the person signing as owner/owner?s representative. Reviewer should initial and date certifications/recertifications as evidence of review. Action Taken: Susanne Corporation personnel will require reviewers to initial certifications/recertifications as evidence of review with an anticipated completion date of review of all files by the next fiscal year end. If the U.S. Department of Housing and Urban Development, Real Estate Assessment Center (REAC) has questions regarding this plan, please call Joey Wilke at (417) 466-3694. Sincerely yours, ????????????????????_________________________ Joey Wilke, Director/Manager
2020-001
FAC accepted this audit on November 10, 2020 — management decision was due May 10, 2021.
There was not a timely owner/owner?s representative signature or tenant/tenant representative signature on an annual tenant recertification in one of the tenant files tested. Cause: Procedures are in place to ensure the owner/owner?s representative and tenant/tenant representative sign all tenant recertification documents. However, due to an unusual circumstance in which a representative had to sign for the tenant, the owner/owner?s representative did not follow up to make sure that the request for signature was acknowledged by the representative and the representative signature obtained in a timely manner. The owner/owner?s representative did not sign due to the fact that the tenant representative signature had not been acquired. Effect: Signatures verify that the owner/owner?s representative and the tenant/tenant represent agree that the information on the recertification is correct to the best of their knowledge and belief. An ineligible tenant could be allowed to live in this type of housing if the information on the recertification is not verified. Context: A sample of 3 tenant files were selected for audit from a population of 30 tenants. The test found that 1 file of the 3 tested did not have an owner/owner?s representative or a tenant representative signature on the yearly tenant recertification. This has not been an issue in previous audits. The sample was not a statistical sample. Recommendation: Susanne Corporation should ensure that all tenant recertification documents are signed in a timely manner even when a representative signature has to be obtained. For all tenant files, it is recommended there be at least an annual review for missing signatures, performed by someone other than the person signing as owner/owner?s representative, as evidenced by the reviewer initialing the recertifications. Views of responsible officials and planned corrective action: Susanne Corporation agrees with this finding and will adhere to the corrective action plan. Repeat Finding: This is not a repeat finding.
Show full finding ▾Hide full finding ▴2020-001. Significant Deficiency in Compliance and Internal Controls Over Compliance for Eligibility Criteria: It is the responsibility of the owner/owner?s representative to have the tenant/tenant representative sign and date the tenant recertification documents on an annual basis, and it is also the responsibility of the owner/owner?s representative to sign and date the tenant recertification documents immediately following execution by the tenant/tenant representative. Condition: There was not a timely owner/owner?s representative signature or tenant/tenant representative signature on an annual tenant recertification in one of the tenant files tested. Cause: Procedures are in place to ensure the owner/owner?s representative and tenant/tenant representative sign all tenant recertification documents. However, due to an unusual circumstance in which a representative had to sign for the tenant, the owner/owner?s representative did not follow up to make sure that the request for signature was acknowledged by the representative and the representative signature obtained in a timely manner. The owner/owner?s representative did not sign due to the fact that the tenant representative signature had not been acquired. Effect: Signatures verify that the owner/owner?s representative and the tenant/tenant represent agree that the information on the recertification is correct to the best of their knowledge and belief. An ineligible tenant could be allowed to live in this type of housing if the information on the recertification is not verified. Context: A sample of 3 tenant files were selected for audit from a population of 30 tenants. The test found that 1 file of the 3 tested did not have an owner/owner?s representative or a tenant representative signature on the yearly tenant recertification. This has not been an issue in previous audits. The sample was not a statistical sample. Recommendation: Susanne Corporation should ensure that all tenant recertification documents are signed in a timely manner even when a representative signature has to be obtained. For all tenant files, it is recommended there be at least an annual review for missing signatures, performed by someone other than the person signing as owner/owner?s representative, as evidenced by the reviewer initialing the recertifications. Views of responsible officials and planned corrective action: Susanne Corporation agrees with this finding and will adhere to the corrective action plan. Repeat Finding: This is not a repeat finding.
CORRECTIVE ACTION PLAN September 15, 2020 U.S. Department of Housing and Urban Development, Real Estate Assessment Center (REAC) Susanne Corporation respectfully submits the following corrective action plan for the year ended June 30, 2020. Name and address of independent public accounting firm: Taylor Green PC, 602 W. McCord, Neosho, MO 64850 Audit period: July 1, 2019 through June 30, 2020 The findings from the September 15, 2020 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section I of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS ? FEDERAL AWARDS PROGRAM AUDITS FINDING NO. 2020-001: Documentation Approval Recommendation: Susanne Corporation should ensure that all tenant recertification documents are signed in a timely manner even when a representative signature has to be obtained. For all tenant files, it is recommended there be at least an annual review for missing signatures, performed by someone other than the person signing as owner/owner?s representative. Reviewer should initial and date certifications or recertifications as evidence of review. Action Taken: Susanne Corporation personnel will designate an employee or board member to perform reviews for required signatures and will require reviewers to initial certifications or recertifications as evidence of review. If the U.S. Department of Housing and Urban Development, Real Estate Assessment Center (REAC) has questions regarding this plan, please call Don Meirick at (417) 466-3694.
FAC accepted this audit on September 26, 2019 — management decision was due March 26, 2020.
FAC accepted this audit on October 18, 2018 — management decision was due April 18, 2019.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
Show full finding ▾Hide full finding ▴GSA_MIGRATION
GSA_MIGRATION
FAC accepted this audit on October 25, 2017 — management decision was due April 25, 2018.
FAC accepted this audit on September 29, 2016 — management decision was due March 29, 2017.
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