EIN: 541879770
UEI: WFDZSMMN2PF5
Audited by: Donovan PC
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 5, 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 5, 2026 (69 days ago).
What is a management decision? →FAC accepted this audit on December 30, 2024 — management decision was due June 30, 2025.
FAC accepted this audit on January 3, 2024 — management decision was due July 3, 2024.
FAC accepted this audit on November 30, 2022 — management decision was due May 30, 2023.
FAC accepted this audit on December 15, 2021 — management decision was due June 15, 2022.
The latest REAC inspection report performed on Magnolia indicated a score of 72c, which included health and safety issues. Criteria: HUD performs a Real Estate Assessment Center (REAC) inspection of all HUD projects either annually, every two, or every three years based on the previous score. HUD gives a score with numbers and letters: ? The number determines when the next REAC inspection will occur. A score of 90 to 100 usually indicates REAC will return in three years, a score of 80 to 89 usually indicates REAC will return in two years and below 79 usually indicates that REAC will return next year. ? The letters indicate whether or not health and safety deficiencies were observed. The letter ?a? is given if no health and safety deficiencies were observed other than for smoke detectors. The letter ?b? is given if one or more non-life-threatening health and safety deficiencies were observed. The letter ?c? is given if one or more fire safety or health and safety deficiencies were observed which calls for immediate attention or remedy. Effect or Potential Effect: Tenant?s health and safety may be at risk. Cause: Unknown. Recommendation: Magnolia should immediately construct a corrective action plan and fix the health and safety issues. Auditor Noncompliance Information: Z ? Other. Questioned Costs: $0 Reporting Views of Responsible Officials: Magnolia immediately fixed the health and safety violations and provided evidence to HUD. Concur or Do Not Concur with This Finding: Concur. Agree or Disagree with Auditor Recommendations: Agree. Completion Date: August 20, 2021 Actions Taken or Plan on the Finding: Magnolia immediately fixed the health and safety violations and provided evidence to HUD.
Show full finding ▾Hide full finding ▴Finding 2021-001 ? REAC Inspection with Health and Safety Violations Finding Resolution Status: Cleared. Information on Universe and Population Size: This is not applicable. Sample Size Information: This is not applicable. Noncompliance Information: Health and Safety. Statement of Condition: The latest REAC inspection report performed on Magnolia indicated a score of 72c, which included health and safety issues. Criteria: HUD performs a Real Estate Assessment Center (REAC) inspection of all HUD projects either annually, every two, or every three years based on the previous score. HUD gives a score with numbers and letters: ? The number determines when the next REAC inspection will occur. A score of 90 to 100 usually indicates REAC will return in three years, a score of 80 to 89 usually indicates REAC will return in two years and below 79 usually indicates that REAC will return next year. ? The letters indicate whether or not health and safety deficiencies were observed. The letter ?a? is given if no health and safety deficiencies were observed other than for smoke detectors. The letter ?b? is given if one or more non-life-threatening health and safety deficiencies were observed. The letter ?c? is given if one or more fire safety or health and safety deficiencies were observed which calls for immediate attention or remedy. Effect or Potential Effect: Tenant?s health and safety may be at risk. Cause: Unknown. Recommendation: Magnolia should immediately construct a corrective action plan and fix the health and safety issues. Auditor Noncompliance Information: Z ? Other. Questioned Costs: $0 Reporting Views of Responsible Officials: Magnolia immediately fixed the health and safety violations and provided evidence to HUD. Concur or Do Not Concur with This Finding: Concur. Agree or Disagree with Auditor Recommendations: Agree. Completion Date: August 20, 2021 Actions Taken or Plan on the Finding: Magnolia immediately fixed the health and safety violations and provided evidence to HUD.
Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations Corrective Action Not Started or in Process Our audit disclosed no findings, questioned costs, or recommendations that were not started or in process and are required to be reported herein under the HUD Consolidated Audit Guide for the year ended September 30, 2021. Corrective Action Completed Finding 2021-001 ? REAC Inspection with Health and Safety Violations Statement of Condition: The latest REAC inspection report performed on Magnolia indicated a score of 72c, which included health and safety issues. Corrective Action Plan: Magnolia immediately fixed the health and safety violations and provided evidence to HUD. Status: Completed.
FAC accepted this audit on December 14, 2020 — management decision was due June 14, 2021.
FAC accepted this audit on November 19, 2019 — management decision was due May 19, 2020.
FAC accepted this audit on December 16, 2018 — management decision was due June 16, 2019.
FAC accepted this audit on January 14, 2018 — management decision was due July 14, 2018.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on December 20, 2016 — management decision was due June 20, 2017.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴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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