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MI Residential Community INC

Public charityFed auditsIRS 990
Other · LAWRENCE, MA · EIN 04-2647207
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Federal Audit History

Single audits filed with the Federal Audit Clearinghouse
$18.6M in federal awards expended in FY2025
YearFederal $ expendedAuditorOpinionFlags
2025$18.6MGrassi & Co., CPAs, P.C.Unmodified (clean)Low-risk auditee
2024$18.5MAnstiss & Co., P.C.Unmodified (clean)Low-risk auditee
2023$18.1MAnstiss & Co., P.C.Unmodified (clean)Low-risk auditee
2022$17.1MAnstiss & Co., P.cUnmodified (clean)Low-risk auditee

Federal Programs

Top programs · FY2025
ProgramAgencyExpendedMajor programFindings
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsHUD$6.9MYes0
Assisted Living Conversion for Eligible Multifamily Housing ProjectsHUD$6.0MNo0
Project-Based Rental Assistance (pbra)
via Massachusetts Housing Finance Agency Methuen Housing Authority
HUD$5.6MYes1

Audit Findings

FY2025 · auditor's own text
2025-001Special testsSignificant deficiencyRepeat finding
Criteria: Organizations operating the Project Based Rental Assistance (PBRA) Program are required to maintain sufficient internal controls to ensure compliance with tenant utility allowances requirement. Condition: 3 of the 18 participants selected for testing had incorrect utili…
Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).