Corrective Action Plan
United States Department of Housing and Urban Development
Plaza Esperanza, Inc. respectfully submits the following corrective action plan for the year ended June 30,
2024
Name of Audit Firm: Damiano, Burk & Nuttall, P.C.
6 Blackstone Valley Place Suite 109
Lincoln, RI 02865
Audit period covered: 7/1/2023-6/30/2024
The findings from the June 30, 2024 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—FEDERAL AWARD PROGRAMS AUDITS
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FINDING 2024-001: Section 202 Project Rental Assistance—Assistance Listing # 14.157
Recommendation: The Corporation should design and implement internal controls to ensure that all security
deposits are transferred in the required time period. Management should also conduct a monthly inspection
of the security deposit listing.
Action Taken: Management is in agreement with the auditor’s findings. Management has instructed all
accounting personnel to review all matters related to tenant compliance.
If the United States Department of Housing and Urban Development has questions regarding this plan,
please call Frank Shea at (401) 296-3761.