EIN: 470797476
UEI: MLWLCMR63PX5
Audited by: Donovan PC
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 15, 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 April 15, 2026 (138 days ago).
What is a management decision? →FAC accepted this audit on October 4, 2024 — management decision was due April 4, 2025.
FAC accepted this audit on October 31, 2023 — management decision was due May 1, 2024.
FAC accepted this audit on November 3, 2022 — management decision was due May 3, 2023.
FAC accepted this audit on October 20, 2021 — management decision was due April 20, 2022.
The project was making the incorrect deposit amount into the reserve on a monthly basis since the effective date of July 1, 2019. Cause This occurrence resulted before the change in management at the Project and was not implemented upon the effective date. Current management was not aware of the change in the required monthly deposit. Effect: This resulted in an underfunded reserve for replacement account at June 30, 2021 in the amount of $336 for the difference in the required monthly deposit of $1,519 and the amount deposited of $1,505 for a period of 24 months. Context: The approved monthly deposit required by HUD per correspondence from HUD upon the PRAC renewal effective July 1, 2019 called for an increase in the monthly deposit to the reserve for replacement account to $1,519. Recommendation: We recommend that additional deposits be made to the reserve for replacement account for the underfunded amount. We also recommend processes and controls are established to monitor the activities of the reserve for replacement account to ensure compliance with HUD requirements. Views of Responsible Officials: The Corporation concurs the incorrect deposit amounts were made for the replacement reserve account. Management will implement procedures to ensure future deposits to the reserve for replacement account are consistent with the amount required by HUD. See the attached Corrective Action Plan
Show full finding ▾Hide full finding ▴Federal Program: CFDA #14.157 US Department of Housing and Urban Development Supportive Housing for the Elderly Project: Notre Dame Living Center I ? HUD Project No. 103-EE012 Criteria: In accordance with the Regulatory Agreement from HUD, management will maintain a reserve for replacement account. The reserve for replacement account shall at all times be subject to the control of HUD. Monthly deposits are required into the reserve for replacement as required by HUD. Condition: The project was making the incorrect deposit amount into the reserve on a monthly basis since the effective date of July 1, 2019. Cause This occurrence resulted before the change in management at the Project and was not implemented upon the effective date. Current management was not aware of the change in the required monthly deposit. Effect: This resulted in an underfunded reserve for replacement account at June 30, 2021 in the amount of $336 for the difference in the required monthly deposit of $1,519 and the amount deposited of $1,505 for a period of 24 months. Context: The approved monthly deposit required by HUD per correspondence from HUD upon the PRAC renewal effective July 1, 2019 called for an increase in the monthly deposit to the reserve for replacement account to $1,519. Recommendation: We recommend that additional deposits be made to the reserve for replacement account for the underfunded amount. We also recommend processes and controls are established to monitor the activities of the reserve for replacement account to ensure compliance with HUD requirements. Views of Responsible Officials: The Corporation concurs the incorrect deposit amounts were made for the replacement reserve account. Management will implement procedures to ensure future deposits to the reserve for replacement account are consistent with the amount required by HUD. See the attached Corrective Action Plan
Criteria: In accordance with the Regulatory Agreement from HUD, management will maintain a reserve for replacement account. The reserve for replacement account shall at all times be subject to the control of HUD. Monthly deposits are required into the reserve for replacement as required by HUD. Condition: The project was making the incorrect deposit amount into the reserve on a monthly basis since the effective date of July 1, 2019. Planned Corrective Action: Management will transfer the delinquent amount to the replacement reserve account and will incorporate procedures to ensure proper monitoring of reserve for replacement account to maintain compliance with HUD requirements. Management expects to have this finding resolved by September 30, 2021. Person Responsible: Jim Kimball, Kimball Management
FAC accepted this audit on January 10, 2021 — management decision was due July 10, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on October 21, 2018 — management decision was due April 21, 2019.
FAC accepted this audit on October 18, 2017 — management decision was due April 18, 2018.
FAC accepted this audit on November 6, 2016 — management decision was due May 6, 2017.
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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