EIN: 640939055
UEI: VZXEA6TGRN97
Audited by: Harper, Rains, Knight & Company
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 (29 days from today).
What is a management decision? →FAC accepted this audit on September 30, 2025 — management decision was due March 30, 2026.
FAC accepted this audit on April 4, 2024 — management decision was due October 4, 2024.
FAC accepted this audit on March 30, 2023 — management decision was due September 30, 2023.
FAC accepted this audit on May 15, 2022 — management decision was due November 15, 2022.
The Project did not make twelve deposits in the Replacement Reserve. Cause: The Project did not have the available funds to make the required deposits. Effect or Potential Effect: The missed payments are noncompliance that could, at the discretion of HUD, result in the capital advance being called due, which would require the Project to reimburse HUD for the advance and pay interest. Perspective Information: The Project attempted to make the deposits, but lack of funds prohibited the satisfaction of this requirement. Due to timing of payments, the Project did not have funds to meet all of its operational needs and therefore, cannot make the payments to the Replacement Reserve. Repeat Finding: N/A. Recommendations: The Project should make the required deposit and ensure its cash management policies are sufficient to cover all monthly costs. Perspective: The Project is required to make twelve monthly payments to the Replacement Reserve. Auditors reviewed all transactions, noting that one payment was missing. Questioned Costs: N/A Views of Responsible Officials: Management concurs with the finding. Management will ensure deposits are made. Auditors' Evaluation of the Views of Responsible Officials: Management's response is appropriate to address the noncompliance that occurred and should address how to prevent reoccurrence in the future.
Show full finding ▾Hide full finding ▴Finding 2021-001: Section 202 Capital Advance (CFDA #14.157) Type of Finding: Significant Deficiency Criteria: The Regulatory Agreement requires the Project to make twelve deposits into the Replacement Reserve. Condition: The Project did not make twelve deposits in the Replacement Reserve. Cause: The Project did not have the available funds to make the required deposits. Effect or Potential Effect: The missed payments are noncompliance that could, at the discretion of HUD, result in the capital advance being called due, which would require the Project to reimburse HUD for the advance and pay interest. Perspective Information: The Project attempted to make the deposits, but lack of funds prohibited the satisfaction of this requirement. Due to timing of payments, the Project did not have funds to meet all of its operational needs and therefore, cannot make the payments to the Replacement Reserve. Repeat Finding: N/A. Recommendations: The Project should make the required deposit and ensure its cash management policies are sufficient to cover all monthly costs. Perspective: The Project is required to make twelve monthly payments to the Replacement Reserve. Auditors reviewed all transactions, noting that one payment was missing. Questioned Costs: N/A Views of Responsible Officials: Management concurs with the finding. Management will ensure deposits are made. Auditors' Evaluation of the Views of Responsible Officials: Management's response is appropriate to address the noncompliance that occurred and should address how to prevent reoccurrence in the future.
CORRECTIVE ACTION PLAN DECEMBER 31, 2021 U.S. Department of Housing and Urban Development Delta Partners Manor I (the "Project") respectfully submits the following corrective action plan for the year ended December 31, 2021. Audit Firm: Harper, Rains, Knight & Company, P.A. 1052 Highland Colony Parkway, Suite 100 Ridgeland, MS 39157 Audit Period: Year Ended December 31, 2021 Finding 2021-001: Section 202 Capital Advance Recommendation: The Project should make the required deposit and ensure its cash management policies are sufficient to cover all monthly costs. Actions Taken: Management concurs with the finding. Management will ensure deposits are made. If the U.S. Department of Housing and Urban Development for audit has questions regarding this plan, please call Scott Russell at 601-856-2362. Sincerely, Delta Partners Manor I By: _________________________________ Alpha Management Corporation
FAC accepted this audit on April 4, 2021 — management decision was due October 4, 2021.
FAC accepted this audit on April 27, 2020 — management decision was due October 27, 2020.
FAC accepted this audit on September 29, 2019 — management decision was due March 29, 2020.
FAC accepted this audit on September 27, 2018 — management decision was due March 27, 2019.
FAC accepted this audit on May 2, 2017 — management decision was due November 2, 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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