EIN: 943430413
UEI: NJT6JPQ9BR15
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 June 30, 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 December 30, 2026 (117 days from today).
What is a management decision? →FAC accepted this audit on June 30, 2025 — management decision was due December 30, 2025.
FAC accepted this audit on June 28, 2024 — management decision was due December 28, 2024.
FAC accepted this audit on June 29, 2023 — management decision was due December 29, 2023.
The Project did not make all the required deposits in the current year. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Failure to make required deposits is 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 did not make all the required replacement reserve payments into the replacement reserve account. This is not a systemic issue that cannot be rectified. Repeat Finding: Yes. Recommendations: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will make an additional deposit to meet requirements and implement controls to ensure that all required deposits are made.
Show full finding ▾Hide full finding ▴Type of Finding: Significant Deficiency / Noncompliance Criteria: The Regulatory Agreement requires the Project to make all required deposits to the replacement reserve account. Condition: The Project did not make all the required deposits in the current year. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Failure to make required deposits is 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 did not make all the required replacement reserve payments into the replacement reserve account. This is not a systemic issue that cannot be rectified. Repeat Finding: Yes. Recommendations: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will make an additional deposit to meet requirements and implement controls to ensure that all required deposits are made.
CORRECTIVE ACTION PLAN U.S. Department of Housing and Urban Development Timber Hills Housing of Tishomingo County (the "Project") respectfully submits the following corrective action plan for the year ended September 30, 2022. Audit Firm: Harper, Rains, Knight & Company, P.A. 1052 Highland Colony Parkway, Suite 100 Ridgeland, MS 39157 Audit Period: Year Ended September 30, 2022 Finding 2022-001: Replacement Reserve Deposits Recommendation: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Actions Taken: Management concurs with the finding. Management will make an additional deposit to meet requirement and implement controls to ensure that all required 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, Timber Hills Housing of Tishomingo County
2021-001
FAC accepted this audit on June 28, 2022 — management decision was due December 28, 2022.
The Project did not make all the required deposits in the current year. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Failure to make required deposits is 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 did not make all the required replacement reserve payments into the replacement reserve account. This is not a systemic issue that cannot be rectified. Repeat Finding: Yes. Recommendations: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will make an additional deposit to meet requirement and implement controls to ensure that all required deposits are made.
Show full finding ▾Hide full finding ▴Type of Finding: Significant Deficiency Criteria: The Regulatory Agreement requires the Project makes all required deposits to the replacement reserve account. Condition: The Project did not make all the required deposits in the current year. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Failure to make required deposits is 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 did not make all the required replacement reserve payments into the replacement reserve account. This is not a systemic issue that cannot be rectified. Repeat Finding: Yes. Recommendations: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will make an additional deposit to meet requirement and implement controls to ensure that all required deposits are made.
CORRECTIVE ACTION PLAN U.S. Department of Housing and Urban Development Timber Hills Housing of Tishomingo County (the "Project") respectfully submits the following corrective action plan for the year ended September 30, 2021. Audit Firm: Harper, Rains, Knight & Company, P.A. 1052 Highland Colony Parkway, Suite 100 Ridgeland, MS 39157 Audit Period: Year Ended September 30, 2021 Finding 2021-001: Replacement Reserve Deposits Recommendation: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Actions Taken: Management concurs with the finding. Management will make an additional deposit to meet requirement and implement controls to ensure that all required 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, Timber Hills Housing of Tishomingo County By: _________________________________ Alpha Management Corporation
2020-003
FAC accepted this audit on June 29, 2021 — management decision was due December 29, 2021.
The Project could not provide all requested documents for selected tenants. Cause: The Project's controls over tenant eligibility were not working properly. Effect or Potential Effect: The missing tenant file documents 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 failed to acquire and/or maintain appropriate documentation from tenants through initial application and renewal. Through prior history with Project, this is not a systemic issue that cannot be rectified. Repeat Finding: Repeat finding of 2019-001 Recommendations: The Project should obtain all appropriate documentation for tenants in order to maintain compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will contact tenants and ensure that all appropriate documentation is obtained.
Show full finding ▾Hide full finding ▴Finding 2020-001: Section 811 Capital Advance (CFDA #14.181) Type of Finding: Significant Deficiency Criteria: The Regulatory Agreement requires the Project to acquire specific documentation in determining tenant eligibility. Condition: The Project could not provide all requested documents for selected tenants. Cause: The Project's controls over tenant eligibility were not working properly. Effect or Potential Effect: The missing tenant file documents 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 failed to acquire and/or maintain appropriate documentation from tenants through initial application and renewal. Through prior history with Project, this is not a systemic issue that cannot be rectified. Repeat Finding: Repeat finding of 2019-001 Recommendations: The Project should obtain all appropriate documentation for tenants in order to maintain compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will contact tenants and ensure that all appropriate documentation is obtained.
U.S. Department of Housing and Urban Development Timber Hills Housing of Tishomingo County (the "Project") respectfully submits the following corrective action plan for the year ended September 30, 2020. Audit Firm: Harper, Rains, Knight & Company, P.A. 1052 Highland Colony Parkway, Suite 100 Ridgeland, MS 39157 Audit Period: Year Ended September 30, 2020 Finding 2020-001: Tenant Documentation Recommendation: The Project should obtain all appropriate documentation for tenants in order to maintain compliance with their Regulatory Agreement. Actions Taken: Management concurs with the finding. Management will contact tenants and ensure that all appropriate documentation is obtained.
2019-001
The Project made two replacement reserve withdrawals for the same purchase of assets. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Unapproved replacement reserve withdrawals 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 made two replacement reserve withdrawals for the same purchase of assets. The Project returned the duplicate withdrawal to the replacement reserve in the subsequent period. This is not a systemic issue that cannot be rectified. Repeat Finding: None. Recommendations: The Project should implement a process to ensure that approved disbursements are only withdrawn to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will implement controls to ensure that only approved disbursements are withdrawn.
Show full finding ▾Hide full finding ▴Finding 2020-002: Section 811 Capital Advance (CFDA #14.181) Type of Finding: Significant Deficiency Criteria: The Regulatory Agreement requires the Project get approval for all replacement reserve withdrawals. Condition: The Project made two replacement reserve withdrawals for the same purchase of assets. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Unapproved replacement reserve withdrawals 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 made two replacement reserve withdrawals for the same purchase of assets. The Project returned the duplicate withdrawal to the replacement reserve in the subsequent period. This is not a systemic issue that cannot be rectified. Repeat Finding: None. Recommendations: The Project should implement a process to ensure that approved disbursements are only withdrawn to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will implement controls to ensure that only approved disbursements are withdrawn.
U.S. Department of Housing and Urban Development Timber Hills Housing of Tishomingo County (the "Project") respectfully submits the following corrective action plan for the year ended September 30, 2020. Audit Firm: Harper, Rains, Knight & Company, P.A. 1052 Highland Colony Parkway, Suite 100 Ridgeland, MS 39157 Audit Period: Year Ended September 30, 2020 Finding 2020-002: Replacement Reserve Disbursements Recommendation: The Project should implement a process to ensure that approved disbursements are only withdrawn to ensure compliance with their Regulatory Agreement. Actions Taken: Management concurs with the finding. Management will implement controls to ensure that only approved disbursements are withdrawn.
The Project did not make all the required deposits in the current year. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Failure to make required deposits is 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 did not make all the required replacement reserve payments into the replacement reserve account. This is not a systemic issue that cannot be rectified. Repeat Finding: None. Recommendations: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will make an additional deposit to meet requirement and implement controls to ensure that all required deposits are made.
Show full finding ▾Hide full finding ▴Finding 2020-003: Section 811 Capital Advance (CFDA #14.181) Type of Finding: Significant Deficiency Criteria: The Regulatory Agreement requires the Project makes all required deposits to the replacement reserve account. Condition: The Project did not make all the required deposits in the current year. Cause: The Project's controls over replacement reserve were not working properly. Effect or Potential Effect: Failure to make required deposits is 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 did not make all the required replacement reserve payments into the replacement reserve account. This is not a systemic issue that cannot be rectified. Repeat Finding: None. Recommendations: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will make an additional deposit to meet requirement and implement controls to ensure that all required deposits are made.
U.S. Department of Housing and Urban Development Timber Hills Housing of Tishomingo County (the "Project") respectfully submits the following corrective action plan for the year ended September 30, 2020. Audit Firm: Harper, Rains, Knight & Company, P.A. 1052 Highland Colony Parkway, Suite 100 Ridgeland, MS 39157 Audit Period: Year Ended September 30, 2020 Finding 2020-003: Replacement Reserve Deposits Recommendation: The Project should make the additional payment to meet the requirement and should implement a process to ensure implements a monthly process to ensure that all required payments have been made to the replacement reserve account in the correct to ensure compliance with their Regulatory Agreement. Actions Taken: Management concurs with the finding. Management will make an additional deposit to meet requirement and implement controls to ensure that all required deposits are made.
FAC accepted this audit on September 29, 2020 — management decision was due March 29, 2021.
The Project could not provide all requested documents for selected tenants. Cause: The Project's controls over tenant eligilibility were not working properly. Effect or Potential Effect: The missing tenant file documents 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 failed to acquire and/or maintain appropriate documentation from tenants through initial application and renewal. Through prior history with Project, this is not a systemic issue that cannot be rectified. Repeat Finding: None. Recommendations: The Project should obtain all appropriate documentation for tenants in order to maintain compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will contact tenants and ensure that all appropriate documentation is obtained.
Show full finding ▾Hide full finding ▴Finding 2019-001: Section 811 Capital Advance (CFDA #14.181) Type of Finding: Significant Deficiency Criteria: The Regulatory Agreement requires the Project to acquire specific documentation in determining tenant eligibility. Condition: The Project could not provide all requested documents for selected tenants. Cause: The Project's controls over tenant eligilibility were not working properly. Effect or Potential Effect: The missing tenant file documents 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 failed to acquire and/or maintain appropriate documentation from tenants through initial application and renewal. Through prior history with Project, this is not a systemic issue that cannot be rectified. Repeat Finding: None. Recommendations: The Project should obtain all appropriate documentation for tenants in order to maintain compliance with their Regulatory Agreement. Views of Responsible Officials: Management concurs with the finding. Management will contact tenants and ensure that all appropriate documentation is obtained.
U.S. Department of Housing and Urban Development Timber Hills Housing of Tishomingo County (the "Project") respectfully submits the following corrective action plan for the year ended September 30, 2019. Audit Firm: Harper, Rains, Knight & Company, P.A. 1052 Highland Colony Parkway, Suite 100 Ridgeland, MS 39157 Audit Period: Year Ended September 30, 2019 Finding 2019-001: Tenant Documentation Recommendation: The Project should obtain all appropriate documentation for tenants in order to maintain compliance with their Regulatory Agreement. Actions Taken: Management concurs with the finding. Management will contact tenants and ensure that all appropriate documentation is obtained. 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, Timber Hills Housing of Tishomingo County, By: _________________________________ Alpha Management Corporation
FAC accepted this audit on June 29, 2019 — management decision was due December 29, 2019.
FAC accepted this audit on June 28, 2018 — management decision was due December 28, 2018.
FAC accepted this audit on April 30, 2017 — management decision was due October 30, 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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