EIN: 930942933
UEI: H91KCAGHNMC4
Audited by: Comer Nowling and Associates PC
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 September 8, 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 March 8, 2026 (179 days ago).
What is a management decision? →FAC accepted this audit on September 24, 2024 — management decision was due March 24, 2025.
FAC accepted this audit on October 20, 2023 — management decision was due April 20, 2024.
FAC accepted this audit on October 16, 2022 — management decision was due April 16, 2023.
FAC accepted this audit on September 26, 2021 — management decision was due March 26, 2022.
S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program - Section 223(f) HUD Insured Loan 14.134 S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Cleared. S3800-017 Information on Universe Population Size- N/A S3800-018 Sample Size Information - N/A S3800-019 Identification of Repeat Finding and Finding Reference Number - N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Corporation and HUD, the Corporation is required to make monthly deposits into the reserve for replacement account. S3800-030 Statement of Condition ? The Corporation?s reserve for replacement is under-funded by $84 and is out of compliance with the Regulatory Agreement. S3800-032 Cause ? The Corporation was aware of the change in the monthly deposit into the reserve for replacement account and submitted the HUD 9250 authorization form to HUD, however, HUD did not sign and approve the HUD 9250 authorization form until July 6, 2021. Therefore, the mortgage company did not increase the monthly deposit until July 2021. S3800-033 Effect or Potential Effect ? The Corporation is under-funded by $84. The Corporation is in violation of its Regulatory Agreement. S3800-035 Auditor Non-Compliance Code ? N S3800-040 Questioned Costs ? $84 S3800-045 Reporting Views of Responsible Officials ? Management informed the mortgage company of the increase and $98 was deposited into the reserve for replacement account on August 1, 2021. S3800-050 Context ? The Corporation did make the required monthly deposit amount that was approved by HUD to the reserve for replacement account. S3800-080 Recommendation ? Management should insure future required monthly deposit amounts are correctly deposited into the reserve for replacement account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure future required monthly deposit amounts are correctly deposited into the reserve for replacement account. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? August 1, 2021 S3800-150 Response ? Management informed the mortgage company of the increase and $98 was deposited into the reserve for replacement account on August 1, 2021.
Show full finding ▾Hide full finding ▴S3800-010 Finding Reference Number ? 2021-001 S3800-011 Title and CFDA Number of Federal Program - Section 223(f) HUD Insured Loan 14.134 S3800-015 Type of Finding ? Federal Award S3800-016 Finding Resolution Status ? Cleared. S3800-017 Information on Universe Population Size- N/A S3800-018 Sample Size Information - N/A S3800-019 Identification of Repeat Finding and Finding Reference Number - N/A S3800-020 Criteria ? In accordance with the Regulatory Agreement between the Corporation and HUD, the Corporation is required to make monthly deposits into the reserve for replacement account. S3800-030 Statement of Condition ? The Corporation?s reserve for replacement is under-funded by $84 and is out of compliance with the Regulatory Agreement. S3800-032 Cause ? The Corporation was aware of the change in the monthly deposit into the reserve for replacement account and submitted the HUD 9250 authorization form to HUD, however, HUD did not sign and approve the HUD 9250 authorization form until July 6, 2021. Therefore, the mortgage company did not increase the monthly deposit until July 2021. S3800-033 Effect or Potential Effect ? The Corporation is under-funded by $84. The Corporation is in violation of its Regulatory Agreement. S3800-035 Auditor Non-Compliance Code ? N S3800-040 Questioned Costs ? $84 S3800-045 Reporting Views of Responsible Officials ? Management informed the mortgage company of the increase and $98 was deposited into the reserve for replacement account on August 1, 2021. S3800-050 Context ? The Corporation did make the required monthly deposit amount that was approved by HUD to the reserve for replacement account. S3800-080 Recommendation ? Management should insure future required monthly deposit amounts are correctly deposited into the reserve for replacement account. S3800-090 Auditor?s Summary of the Auditee?s Comments on the Finding and Recommendations ? Management should insure future required monthly deposit amounts are correctly deposited into the reserve for replacement account. S3800-130 Response Indicator ? Agree S3800-140 Completion Date ? August 1, 2021 S3800-150 Response ? Management informed the mortgage company of the increase and $98 was deposited into the reserve for replacement account on August 1, 2021.
RVM Ashland Housing Corporation respectfully submits the following Corrective Action Plan for the year ended June 30, 2021. Name and address of the independent public accounting firm who conducted the related audit: Comer, Nowling And Associates, P.C. 10475 Crosspoint Boulevard, Suite 200 Indianapolis, Indiana 46256 Finding 2021-001 Corrective Action Planned ? Management informed the mortgage company of the increase and $98 was deposited into the reserve for replacement account on August 1, 2021. Contact Person(s) Responsible ? Lynn Acklin, Accounting Manager Anticipated Completion Date ? September 14, 2021 Auditee Disagreements ? N/A This corrective action plan was prepared by Pacific Retirement Services, Inc., the management company, on behalf of RVM Ashland Housing Corporation. Pacific Retirement Services, Inc. 1 West Main Street, Suite 303 Medford, OR 97501 541-857-7205 Signature _______________________________________ Date: September 14, 2021
FAC accepted this audit on October 1, 2020 — management decision was due April 1, 2021.
FAC accepted this audit on October 20, 2019 — management decision was due April 20, 2020.
FAC accepted this audit on October 18, 2018 — management decision was due April 18, 2019.
FAC accepted this audit on October 22, 2017 — management decision was due April 22, 2018.
FAC accepted this audit on October 23, 2016 — management decision was due April 23, 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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