EIN: 911551154
UEI: NNN5UF7X2HY1
Data as of August 25, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on December 2, 2021. 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 June 2, 2022 (1546 days ago).
What is a management decision? →Rural Development performed a physical inspections of Cottonwood Springs II and Quail Run during 2019 and found the properties to be out of compliance. The Company did not respond to the findings of the physical inspections within 30 days as required by Rural Development. Ongoing - The physical inspection findings related to Cottonwood Springs II have been resolved, but there are still open findings from the Quail Run physical inspection.
Show full finding ▾Hide full finding ▴Rural Development performed a physical inspections of Cottonwood Springs II and Quail Run during 2019 and found the properties to be out of compliance. The Company did not respond to the findings of the physical inspections within 30 days as required by Rural Development. Ongoing - The physical inspection findings related to Cottonwood Springs II have been resolved, but there are still open findings from the Quail Run physical inspection.
Finding 2019-1. Rural Development performed physical inspections of some of the Organization?s subsidiaries during 2019 and found the Organization to be out of compliance. The Organization did not respond to the findings of the physical inspection within 30 days as required by Rural Development. i. Once a RD inspection is completed and the report is sent to the SHV staff. ii. Director of property management will follow up with the Regional Manager to see what items needs to be addressed iii. Items that can be fixed immediately will be fixed, completed work orders. iv. Any large items, such as new kitchen cabinets will be schedule with a vendor v. Prior to the 30 day deadline ? a detailed report will go to the RD housing specialist vi. Director of property management will follow up with the regional manager prior to the 30 day due date to make sure that a report of completion is going to the RD housing specialist vii. Director of property management will have the regional manager CC: them on the email sent to the RD housing specialist to make the report was sent viii. Work with the Regional Manager and Maintenance Supervisor on any large items that could not be completed within the 30 day deadline
2019-102
FAC accepted this audit on December 29, 2020 — management decision was due June 29, 2021.
2019-101 CFDA numbers and name: Various Award numbers and years: Various award numbers for 2019 Federal agency: Various Pass-through grantor: Various Compliance requirements: The schedule of expenditures of federal awards must be complete. Questioned costs: $2,013,667 Condition and context: There were four loans and three grants missing from the schedule of expenditures of federal awards prepared by the Organization. Criteria: The schedule of expenditures of federal awards must be complete. Effect: The schedule of expenditures of federal awards was adjusted during the audit to be complete. Cause: Loans and rural rental assistance subsidy agreements assumed through acquisition and new loans drawn and grants received in 2019 were not reviewed to determine if they should be included on the schedule of expenditures of federal awards. Recommendation: Management should review the schedule of expenditures of federal awards for completeness. Views of responsible officials: The Organization agrees with the finding. See the corrective action report.
Show full finding ▾Hide full finding ▴2019-101 CFDA numbers and name: Various Award numbers and years: Various award numbers for 2019 Federal agency: Various Pass-through grantor: Various Compliance requirements: The schedule of expenditures of federal awards must be complete. Questioned costs: $2,013,667 Condition and context: There were four loans and three grants missing from the schedule of expenditures of federal awards prepared by the Organization. Criteria: The schedule of expenditures of federal awards must be complete. Effect: The schedule of expenditures of federal awards was adjusted during the audit to be complete. Cause: Loans and rural rental assistance subsidy agreements assumed through acquisition and new loans drawn and grants received in 2019 were not reviewed to determine if they should be included on the schedule of expenditures of federal awards. Recommendation: Management should review the schedule of expenditures of federal awards for completeness. Views of responsible officials: The Organization agrees with the finding. See the corrective action report.
Identified Issue: Lack of completeness of Schedule of Expenditures of Federal Awards Identified Cause of Issue: Lack of adequate review of the Schedule of Expenditures of Federal Awards Changes in Policies and Procedures to Address Issue: Previous CFO that missed items during review of Schedule of Expenditures of Federal Awards has been replaced. New CFO has delegated both Accounting and Development department review so that review of Schedule of Expenditures of Federal Awards is performed by personnel with knowledge of both structure of and changes to long-term property financing. Expected Date of Resolution: 12/31/2020
2019-102 CFDA numbers and name: 10.415 Award numbers and years: Various award numbers for 2019 Federal agency: Department of Agriculture (USDA) Pass-through grantor: None Compliance requirements: The Owner is required to respond to any findings from physical inspections within 30 days. Questioned costs: N/A Condition and context: Rural Development performed a physical inspections of Cottonwood Springs II and Quail Run during 2019 and found the properties to be out of compliance. The Company did not respond to the findings of the physical inspections within 30 days as required by Rural Development. Criteria: The Owner is responsible for complying with all requirements of the regulatory and loan agreements. Effect: The properties are not in compliance with Rural Development requirements. Cause: Management did not set up proper controls to ensure that the physical condition of the properties were maintained. Recommendation: Management should implement controls to ensure that the physical condition of the properties is maintained to Rural Development standards and implement controls to ensure timely responses to deficiencies identified by Rural Development. Views of responsible officials: The Organization agrees with the finding. See the corrective action report.
Show full finding ▾Hide full finding ▴2019-102 CFDA numbers and name: 10.415 Award numbers and years: Various award numbers for 2019 Federal agency: Department of Agriculture (USDA) Pass-through grantor: None Compliance requirements: The Owner is required to respond to any findings from physical inspections within 30 days. Questioned costs: N/A Condition and context: Rural Development performed a physical inspections of Cottonwood Springs II and Quail Run during 2019 and found the properties to be out of compliance. The Company did not respond to the findings of the physical inspections within 30 days as required by Rural Development. Criteria: The Owner is responsible for complying with all requirements of the regulatory and loan agreements. Effect: The properties are not in compliance with Rural Development requirements. Cause: Management did not set up proper controls to ensure that the physical condition of the properties were maintained. Recommendation: Management should implement controls to ensure that the physical condition of the properties is maintained to Rural Development standards and implement controls to ensure timely responses to deficiencies identified by Rural Development. Views of responsible officials: The Organization agrees with the finding. See the corrective action report.
Identified Issue: Rural Development performed physical inspections of some of the Organization?s subsidiaries during 2019 and found the Organization to be out of compliance. The Organization did not respond to the findings of the physical inspection within 30 days as required by Rural Development. Identified Cause of Issue: Lack of adequate review of property accountants? work product by management; labor turnover and multiple reshufflings of responsibilities of property accountants by management immediately prior to audit for properties in question Changes in Policies and Procedures to Address Issue: Once an RD inspection is completed and the report is sent to the SHV staff the director of property management will follow up with the Regional Manager to see what items needs to be addressed. Items that can be fixed immediately will be fixed, completed work orders. Any large items, such as new kitchen cabinets will be schedule with a vendor. Prior to the 30 day deadline ? a detailed report will go to the RD housing specialist. Director of property management will follow up with the regional manager prior to the 30 day due date to make sure that a report of completion is going to the RD housing specialist. Director of property management will have the regional manager CC: them on the email sent to the RD housing specialist to make the report was sent. The director of property management will work with the Regional Manager and Maintenance Supervisor on any large items that could not be completed within
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