Texas · Nonprofit · $2M-$10M in federal spending
MMM ROSELAND INC
CONROE, TX
The FY2024 single audit reports no findings. Audits on file for FY2023–FY2025: FY2023, FY2024.
No FY2025 single audit on file as of October 30, 2026. For the fiscal year ending September 30, 2025, it was due June 30, 2026, 122 days earlier. It is expected because the FY2024 audit reported $3,231,743 in federal spending; an organization whose federal spending fell below the threshold would not need one.
Score: 0 of 100 (FY2024 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 0 | 24 |
| Significant deficiencies | 3 points each | 0 | 9 |
| Repeat findings | 5 points each | 0 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 0 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 0 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 0 | 5 |
| Score | | 0 | 100 |
Federal funding, FY2024
$3,231,743 in federal awards spent, across 1 program. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Housing and Urban Development | $3,231,743 |
FY2024 audit
- FAC record
- 2024-09-GSAFAC-0000344623
- Fiscal year end
- September 30, 2024
- Accepted by FAC
- January 2, 2025
- Federal spending
- $3,231,743 · 1 program
- Major programs
- 1
- Score
- 0 of 100
No findings reported.
FY2023 audit
- FAC record
- 2023-09-GSAFAC-0000021144
- Fiscal year end
- September 30, 2023
- Accepted by FAC
- January 25, 2024
- Federal spending
- $3,316,699 · 1 program
- Major programs
- 1
- Score
- 0 of 100
Finding 2023-001
other matters
- Program
- MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS (14.155)
- Compliance requirement
- Allowable costs/cost principles
- FAC record
- FY2023 audit on fac.gov
Finding text from the filing
Schedule reference number 2023-001. Title and AL Number of Federal Program: Section 223(f) HUD insured project, CFDA 14.155 Type of finding: Federal Award Resolution status: In process Population size: NA Sample size: NA Repeat finding: No Criteria: Surplus cash should be funded to the residual receipts account within 60 days of year end. Statement of Condition: The Project had surplus cash amounting to $197,819 as of September 30, 2023. Cause: Management made a deposit on December 5, 2023 for $194,026, which was 5 days late. Additionally, the deposit was short due to the audit of the financial statements not being completed at that time. Effect or Potential Effect: Minimal lost interest. Auditor Noncompliance code: B. Questioned cost: N/A Reporting views of officials: Auditee agrees with the finding. Context: This was noted while performing certain procedures on surplus cash. Recommendation: Management should calculate surplus cash prior to the audit to ensure that the correct deposit is made to the residual receipts account in a timely manner. Auditors' summary of auditee's comments: They are in agreement. Completion date: September 30, 2024 Response: In the future, management will calculate surplus cash prior to the audit. Additionally, management will make the additional required deposit as soon as possible.