EIN: 953590911
UEI: S551UNWW7D33
Data as of August 22, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 9, 2023. 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 9, 2023 (1049 days ago).
What is a management decision? →Finding No. 2022-001 Type of Finding: Noncompliance Finding Finding Resolution Status: Open Questioned Costs: None Noncompliance Information: 1 instance of noncompliance Auditor Noncompliance Code: B ? Replacement Reserve Statement of Condition The replacement reserve cash account was underfunded by $1,792 at December 31, 2022. Criteria The Corporation is required to fund the replacement reserve in accordance with RD requirements and agreements. Effect The Corporation is out of compliance with RD regulations. Cause The underfunding of the replacement reserve cash account was the result of an inadvertent bookkeeping oversight. Recommendation We recommend the Corporation transfer $1,792 to the replacement reserve cash account. Reporting Views of Responsible Officials Management is aware that the replacement reserve account is underfunded and will transfer $1,792 to the replacement reserve cash account.
Show full finding ▾Hide full finding ▴Finding No. 2022-001 Type of Finding: Noncompliance Finding Finding Resolution Status: Open Questioned Costs: None Noncompliance Information: 1 instance of noncompliance Auditor Noncompliance Code: B ? Replacement Reserve Statement of Condition The replacement reserve cash account was underfunded by $1,792 at December 31, 2022. Criteria The Corporation is required to fund the replacement reserve in accordance with RD requirements and agreements. Effect The Corporation is out of compliance with RD regulations. Cause The underfunding of the replacement reserve cash account was the result of an inadvertent bookkeeping oversight. Recommendation We recommend the Corporation transfer $1,792 to the replacement reserve cash account. Reporting Views of Responsible Officials Management is aware that the replacement reserve account is underfunded and will transfer $1,792 to the replacement reserve cash account.
Name of Auditee: Rosamond Hills, Inc RD Case No. 04-015-647929361 Name of audit firm: Propp Christensen Caniglia LLP Period covered by the audit: January 1, 2022 through December 31, 2022 CAP prepared by: Name: Gretchen Winfrey Position: Treasurer Email: winfrey3314@yahoo.com Finding 2022-001 Comments: Management agrees with the finding. Actions: Management will implement internal controls and monitor the reserve for replacement account to ensure the reserve for replacement is funded each year in accordance with USDA-RD regulations.
FAC accepted this audit on June 10, 2021 — management decision was due December 10, 2021.
Finding: 2020-001 Finding Type: Significant Deficiency CFDA Number: 10.415 Federal Award Program: Rural Rental Housing Loans Compliance Requirement: Reporting Questioned Costs: N/A Criteria Uniform Guidance 2 CFR 200.512(a) requires that financial audits are completed and submitted to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Condition The Corporation's December 31, 2019 financial statement audit was not submitted to the Federal Audit Clearinghouse within 30 calendar days after the receipt of the auditor's report. Cause Management within the Organization did not identify the excess of $750k for Rosamond Hills, Inc's loan to be part of the requirements to perform a single audit, thus a single audit was not performed and the financials were not submitted to the Federal Audit Clearinghouse within the nine-month or 30-day window. Effect of Condition The Corporation is out of compliance with the reporting requirements detailed in the Uniform Guidance. Recommendation We recommend that policies and procedures be implemented to ensure the financial statement audit is submitted to the Federal Audit Clearinghouse within the required timeframe. Management's Response Management agrees with the recommendation and will work with the auditor to ensure the financial audit is submitted to the Federal Audit Clearinghouse within the required timeframe. Management has taken substantial steps to prevent this from happening in the future, including but not limited to an internal review of all accounting policies and procedures, a review of methodologies and tools used to track accounting deadlines and commitments. Management is also in the process of evaluating the personnel needs, knowledge and requirements necessary as the organization continues to grow.
Show full finding ▾Hide full finding ▴Finding: 2020-001 Finding Type: Significant Deficiency CFDA Number: 10.415 Federal Award Program: Rural Rental Housing Loans Compliance Requirement: Reporting Questioned Costs: N/A Criteria Uniform Guidance 2 CFR 200.512(a) requires that financial audits are completed and submitted to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or nine months after the end of the audit period. Condition The Corporation's December 31, 2019 financial statement audit was not submitted to the Federal Audit Clearinghouse within 30 calendar days after the receipt of the auditor's report. Cause Management within the Organization did not identify the excess of $750k for Rosamond Hills, Inc's loan to be part of the requirements to perform a single audit, thus a single audit was not performed and the financials were not submitted to the Federal Audit Clearinghouse within the nine-month or 30-day window. Effect of Condition The Corporation is out of compliance with the reporting requirements detailed in the Uniform Guidance. Recommendation We recommend that policies and procedures be implemented to ensure the financial statement audit is submitted to the Federal Audit Clearinghouse within the required timeframe. Management's Response Management agrees with the recommendation and will work with the auditor to ensure the financial audit is submitted to the Federal Audit Clearinghouse within the required timeframe. Management has taken substantial steps to prevent this from happening in the future, including but not limited to an internal review of all accounting policies and procedures, a review of methodologies and tools used to track accounting deadlines and commitments. Management is also in the process of evaluating the personnel needs, knowledge and requirements necessary as the organization continues to grow.
Name of auditee: Rosamond Hills, Inc Name of audit firm: Propp Christensen Caniglia LLP Period covered by the audit: January 1, 2020 through December 31,2020 CAP prepared by: Name: Gretchen Winfrey Position: Treasurer Telephone: (661) 609-8757 Finding 2020-001 Comments: Management agrees with the finding. Actions: Management will implement a system that will allow the Organization to adequately track and allocate costs by function for all employees. Anticipated completion date: January 1, 2021
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