CORRECTIVE ACTION PLAN
June 5, 2023
Federal Audit Clearinghouse
1201 East 10th Street
Jefferson, Indiana 47132
Bethany Housing Corporation d/b/a Reilly Manor (the Project) respectfully submits the following Corrective
Action Plan for the year ended December 31, 2022.
Hoyt, Filippetti & Malaghan, LLC
1041 Poquonnock Road
Groton, Connecticut 06340
Audit Period: Year ended December 31, 2022
The findings from the December 31, 2022 Schedule of Federal Findings and Questioned Costs are discussed
below. The findings are numbered consistently with the numbers assigned in the schedule.
2022-001 BOARD OVERSIGHT
Criteria: Board of directors should convene on a regular basis to fulfill their fiduciary duties and provide
governance to the Project. Board of directors should be active and oversee responsibilities of the Project.
Condition: During our audit testing, we noted that the board of directors were not holding board meetings regularly.
Cause: Board of directors are not meeting on a regular basis.
Effect: Board of directors may not be providing sufficient oversight of the management company and the Project’s
financial transactions.
Questioned Costs: N/A
Recommendation: We recommend that the board of directors meet on a regular basis to fulfill their fiduciary
duties.
Management’s Views and Corrective Action Plan: The board will work to meet on a more regular basis.
If you have any questions regarding this plan, please contact Matthew Scibek at 860-398-5425, or
matt@westfordmgt.com.