HOUSING OF OLIVIA, INC. HUD PROJECT NO. 092-35132-NP-SUP CORRECTIVE ACTION PLAN YEAR ENDED SEPTEMBER 30, 2022 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Housing of Olivia, Inc. respectfully submits the following corrective action plan for the year ended September 30, 2022. Name and address of independent public accounting firm: Hinrichs & Associates, Ltd 1000 Shelard Parkway, Suite 110 Minneapolis, MN 55426 Audit Period: September 30, 2022 The findings from the September 30, 2022 schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. FINDINGS - FINANCIAL STATEMENT AUDIT NONE FINDINGS - FEDERAL AWARD PROGRAMS AUDIT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2022-001: SECTION 221 (d)(3), ASSISTANCE LISTING NUMBER 14.239 The Project did not file the form HUD-93479 "Monthly Report for Establishing Net Income." Recommendation: The Project should immediately determine the steps necessary to successfully file the form on a monthly basis. Action Taken: The Project agrees with the finding. Management will determine the steps necessary to file this form. If the Department of Housing and Urban Development has questions regarding this plan, please call Josh Warner at 320-269-6640.