EIN: 455337155
UEI: NB51KEK9DWN5
Data as of August 21, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on September 30, 2024. 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 March 30, 2025 (510 days ago).
What is a management decision? →A tenant certification contained an error including no EIV obtained (1 of 1 file tested); Criteria: the HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant’s and HUD share of rent may be incorrect; Cause: Management oversight. Recommendation: Management correct the file in error. Management comment: Management has corrected the file in error.
Show full finding ▾Hide full finding ▴Condition: A tenant certification contained an error including no EIV obtained (1 of 1 file tested); Criteria: the HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant’s and HUD share of rent may be incorrect; Cause: Management oversight. Recommendation: Management correct the file in error. Management comment: Management has corrected the file in error.
We have corrected/updated the clients records where necessary. Subsequent to your field work the client’s file was updated and the rent calculation was verified. William Mann, Housing Coordinator, will be the responsible party.
The deposits to the replacement reserve were deficient of the amount required amount by $1,175; Criteria: the PRAC contract specifies the amount of the monthly deposits to be funded; Effect: The replacement reserve is underfunded by $1,175; Cause: Management oversight. Recommendation: Management should transfer funds from the operating cash account to cover the shortfall. Management comment: Management will transfer the required funds.
Show full finding ▾Hide full finding ▴Condition: The deposits to the replacement reserve were deficient of the amount required amount by $1,175; Criteria: the PRAC contract specifies the amount of the monthly deposits to be funded; Effect: The replacement reserve is underfunded by $1,175; Cause: Management oversight. Recommendation: Management should transfer funds from the operating cash account to cover the shortfall. Management comment: Management will transfer the required funds.
The deficiency was due to confusion resulting from the overpayment condition mentioned in 2023-003. Going forward, the Finance Director will suggest to management to open an operating checking account in the same bank as the reserve account. Automatic electronic transfers can then be actuated. Charles Lynch, Finance Director, will be the responsible party.
Operating funds exceeded federal insurance coverage and management has not monitored the bank’s ratings; Criteria: The regulatory agreement requires all funds to be fully insured or management to monitor the banks ratings on a quarterly basis; Effect: Operating funds exceeded FDIC insurance by $26,972; Cause: Management oversight. Recommendation: Management should monitor the bank’s ratings or move funds to provide for full federal insurance coverage. Management comment: Management will move funds to provide for full FDIC insurance coverage.
Show full finding ▾Hide full finding ▴Condition: Operating funds exceeded federal insurance coverage and management has not monitored the bank’s ratings; Criteria: The regulatory agreement requires all funds to be fully insured or management to monitor the banks ratings on a quarterly basis; Effect: Operating funds exceeded FDIC insurance by $26,972; Cause: Management oversight. Recommendation: Management should monitor the bank’s ratings or move funds to provide for full federal insurance coverage. Management comment: Management will move funds to provide for full FDIC insurance coverage.
During the past few months management has been in discussions with two banks and reviewing their options for either opening accounts with corresponding banks or purchasing revolving Treasury notes. A final decision will be made in the current fiscal year.
2 security deposits for former tenants have not been refunded; Criteria: the HUD occupancy handbook requires deposits to be returned within 60 days of move-out; Effect: None; Cause: Management oversight. Recommendation: Management should process the refunds. Management comment: Management will process the refunds.
Show full finding ▾Hide full finding ▴Condition: 2 security deposits for former tenants have not been refunded; Criteria: the HUD occupancy handbook requires deposits to be returned within 60 days of move-out; Effect: None; Cause: Management oversight. Recommendation: Management should process the refunds. Management comment: Management will process the refunds.
After reviewing the analysis for this finding, the housing department will initiate the proper paperwork to process the refunds. William Mann, Housing Coordinator, will be the responsible party.
FAC accepted this audit on November 27, 2023 — management decision was due May 27, 2024.
A tenant certification contained numerous errors including incorrect income (1 of 1 file tested), all forms not signed by tenant (1 of 1 file tested), no EIV obtained (1 of 1 file tested) and no unit inspection (1 of 1 file tested); Criteria: the HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant’s and HUD share of rent may be incorrect; Cause: The tenant refused to sign the certification forms and management oversight. Recommendation: Management should obtain the required tenant signatures and correct the file in error. Management comment: Management will attempt to obtain the tenant signatures and has corrected the file for the other errors.
Show full finding ▾Hide full finding ▴Condition: A tenant certification contained numerous errors including incorrect income (1 of 1 file tested), all forms not signed by tenant (1 of 1 file tested), no EIV obtained (1 of 1 file tested) and no unit inspection (1 of 1 file tested); Criteria: the HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant’s and HUD share of rent may be incorrect; Cause: The tenant refused to sign the certification forms and management oversight. Recommendation: Management should obtain the required tenant signatures and correct the file in error. Management comment: Management will attempt to obtain the tenant signatures and has corrected the file for the other errors.
We have corrected/updated the clients records where necessary. Subsequent to your field work but before to issuing the financials, the client was court ordered evicted and signed the paperwork as instructed. William Mann, Housing Coordinator, will be the responsible party.
The deposits to the replacement reserve exceeded the amount required by $588; Criteria: the PRAC contract specifies the amount of the monthly deposits to be funded; Effect: The replacement reserve is overfunded by $588; Cause: Management oversight. Recommendation: Management should reduce future deposits for the excess funds. Management comment: Management will reduce future deposits for the excess funds.
Show full finding ▾Hide full finding ▴Condition: The deposits to the replacement reserve exceeded the amount required by $588; Criteria: the PRAC contract specifies the amount of the monthly deposits to be funded; Effect: The replacement reserve is overfunded by $588; Cause: Management oversight. Recommendation: Management should reduce future deposits for the excess funds. Management comment: Management will reduce future deposits for the excess funds.
The extra check was cut due to confusion resulting from the condition mentioned in 2023-003. Going forward, the Finance Director will monitor the number of payments and make out the proper slip at the same time that the check is cut. Charles Lynch, Finance Director, will be the responsible party.
One deposit to the replacement reserve was late; Criteria: the PRAC contract specifies the amount of the monthly deposits to be funded; Effect: None; Cause: Due to change in staffing, one month’s deposit was made late. Recommendation: Management should make every effort to make the required monthly deposits. Management comment: Management will make every effort to make the required monthly deposits.
Show full finding ▾Hide full finding ▴Condition: One deposit to the replacement reserve was late; Criteria: the PRAC contract specifies the amount of the monthly deposits to be funded; Effect: None; Cause: Due to change in staffing, one month’s deposit was made late. Recommendation: Management should make every effort to make the required monthly deposits. Management comment: Management will make every effort to make the required monthly deposits.
The check was cut in the proper month but deposited into the wrong account. The error was caught when the account was reconciled the following month. Going forward, the Finance Director will make out the proper slip at the same time that the check is cut. Charles Lynch, Finance Director will be the responsible party.
FAC accepted this audit on October 18, 2022 — management decision was due April 18, 2023.
A tenant certification contained numerous errors including incomplete or no verification of current income (1 of 1 file tested), lease not signed by co-tenant (1 of 1 file tested), form 9887 not signed by co-tenant, and no birth certificate or evidence of date of birth; Criteria: The HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant?s and HUD share of rent may be incorrect; Cause: Management oversight. Recommendation: Management should correct the file in error. Management comment: Management has corrected the file in error.
Show full finding ▾Hide full finding ▴Finding 2022-001: Condition: A tenant certification contained numerous errors including incomplete or no verification of current income (1 of 1 file tested), lease not signed by co-tenant (1 of 1 file tested), form 9887 not signed by co-tenant, and no birth certificate or evidence of date of birth; Criteria: The HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant?s and HUD share of rent may be incorrect; Cause: Management oversight. Recommendation: Management should correct the file in error. Management comment: Management has corrected the file in error.
D?Ambra CPA 531 Harris Avenue Woonsocket, RI 02895 Attn: Mr. Craig D?Ambra Dear Craig, Regarding East Long Pond Apartments, Inc., Project NO. 016-HD-068, Audited Financial Statements for June 30, 2022. Schedule of Findings and Questioned Costs Part III findings and Questioned Costs for Federal Awards Current Findings: Finding 2022-001 Condition: (1) incomplete or not verification of current income; (1) Form 9887 not signed; (1) no birth certificate or evidence of date of birth. Recommendation: Management should correct the files in error. Response: Management has corrected the files in error. Thank you. Regards, Charles M. Lynch Finance Director and Responsible Party
FAC accepted this audit on September 27, 2021 — management decision was due March 27, 2022.
A tenant certification contained numerous errors including late recertification (1 of 1 file tested), no verification of current income (1 of 1 file tested) and lease not signed by owner (1 of 1 file tested); Criteria: The HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant?s and HUD share of rent may be incorrect; Cause: Management oversight. Recommendation: Management should correct the files in error. Management comment: Management has corrected the files in error.
Show full finding ▾Hide full finding ▴Condition: A tenant certification contained numerous errors including late recertification (1 of 1 file tested), no verification of current income (1 of 1 file tested) and lease not signed by owner (1 of 1 file tested); Criteria: The HUD occupancy handbook specified the form and content of the certifications; Effect: The tenant?s and HUD share of rent may be incorrect; Cause: Management oversight. Recommendation: Management should correct the files in error. Management comment: Management has corrected the files in error.
Management has corrected the files in error.
FAC accepted this audit on September 26, 2016 — management decision was due March 26, 2017.
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