S M VILLA II HOUSING INC (ST. MARKS VILLA II)

EIN: 300153121

UEI: JN2QQYMQM3C5

Data as of August 26, 2026

S M VILLA II HOUSING INC (ST. MARKS VILLA II)10 audit years7 findings5 repeat
10
Audit Years
7
Total Findings
5
Repeat Findings

FY 2021-12-31

Management decision deadline — for entities that funded this organization

The FAC accepted this audit on May 2, 2022. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by November 2, 2022 (1394 days ago).

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2021-001
Cash Management
QUESTIONED COSTS

HUD approval was not granted for disbursements from the restricted accounts. Cause: Funds were withdrawn from wrong account in error. Effect or Potential Effect: The restricted account is underfunded by the amount of the withdrawal. Auditor Non-Compliance Code: C Questioned Costs: $500.00 Reporting Views of Responsible Officials: Management agrees with the finding. Management deposited $500 into the Residual Receipts account on February 17, 2022. Context: HUD approval was not granted for disbursements from the restricted accounts. Recommendation: Management should refund the Residual Receipts account. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. Management deposited $500 into the Residual Receipts account on February 17, 2022. Response Indicator: Agree Completion Date: February 17, 2022 Response: Management agrees with the finding. Management deposited $500 into the Residual Receipts account February 17, 2022.

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Finding Reference Number: 2021-001 Type of Finding: FA Finding Resolution Status: Resolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: This is not a repeat finding. Criteria: According to the regulatory agreement, disbursements from restricted funds may only be made after receiving written consent from HUD. Statement of Condition: HUD approval was not granted for disbursements from the restricted accounts. Cause: Funds were withdrawn from wrong account in error. Effect or Potential Effect: The restricted account is underfunded by the amount of the withdrawal. Auditor Non-Compliance Code: C Questioned Costs: $500.00 Reporting Views of Responsible Officials: Management agrees with the finding. Management deposited $500 into the Residual Receipts account on February 17, 2022. Context: HUD approval was not granted for disbursements from the restricted accounts. Recommendation: Management should refund the Residual Receipts account. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding. Management deposited $500 into the Residual Receipts account on February 17, 2022. Response Indicator: Agree Completion Date: February 17, 2022 Response: Management agrees with the finding. Management deposited $500 into the Residual Receipts account February 17, 2022.

Corrective Action Plan

Finding Reference Number: 2021-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: Management agrees with the finding. Management deposited $500 into the residual receipts account on February 17, 2022. Completion Date: February 17, 2022.

About Cash Management →

FY 2019-12-31

FAC accepted this audit on April 8, 2020 — management decision was due October 8, 2020.

2019-001
Reporting / Special Tests & Provisions
REPEAT

Required monthly deposits to the replacement reserve are deficient in the amount of $11,238. Cause: Procedures in place to ensure that deposits are made were not followed. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: N Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: The owner agrees with the finding. The owner hired a management agent effective September 18, 2016. The new management agent will work with HUD to determine what measures need to be taken to: fund the current year deficiencies, request a retroactive suspension of the deposits, or a combination of the two. Context: Required monthly deposits to the replacement reserve are deficient in the amount of $11,238. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: The owner agrees with the finding. The owner hired a management agent effective September 18, 2016. The new management agent will work with HUD to determine what measures need to be taken to: fund the current year deficiencies, request a retroactive suspension of the deposits, or a combination of the two. Response Indicator: Agree Completion Date: February 11, 2020 Response: The owner agrees with the finding. The owner hired a management agent effective September 18, 2016. The new management agent will work with HUD to determine what measures need to be taken to: fund the current year deficiencies, request a retroactive suspension of the deposits, or a combination of the two.

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Finding Reference Number: 2019-001 Type of Finding: FA Finding Resolution Status: Unresolved Information on Universe Population Size: The finding was not a result of a sampling procedure. Sample Size Information: The finding was not a result of a sampling procedure. Identification of Repeat Finding and Finding Reference Number: Prior year finding reference: 2017-001 and 2018-001 Criteria: The regulatory agreement (as amended) requires monthly deposits of $1,265. Statement of Condition: Required monthly deposits to the replacement reserve are deficient in the amount of $11,238. Cause: Procedures in place to ensure that deposits are made were not followed. Effect or Potential Effect: Replacement reserve is deficient. Auditor Non-Compliance Code: N Questioned Costs: There are no questioned costs. The finding does not relate to an undocumented transaction or unreasonable expenditure. Reporting Views of Responsible Officials: The owner agrees with the finding. The owner hired a management agent effective September 18, 2016. The new management agent will work with HUD to determine what measures need to be taken to: fund the current year deficiencies, request a retroactive suspension of the deposits, or a combination of the two. Context: Required monthly deposits to the replacement reserve are deficient in the amount of $11,238. Recommendation: Management should compare the required annual amount to the monthly deposits made to determine if the correct amount is deposited. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: The owner agrees with the finding. The owner hired a management agent effective September 18, 2016. The new management agent will work with HUD to determine what measures need to be taken to: fund the current year deficiencies, request a retroactive suspension of the deposits, or a combination of the two. Response Indicator: Agree Completion Date: February 11, 2020 Response: The owner agrees with the finding. The owner hired a management agent effective September 18, 2016. The new management agent will work with HUD to determine what measures need to be taken to: fund the current year deficiencies, request a retroactive suspension of the deposits, or a combination of the two.

Corrective Action Plan

Finding Reference Number: 2019-001 Concur or Do Not Concur: Concur Agree or Disagree with Auditor Recommendations: Agree Actions Taken or Planned on the Finding: The owner agrees with the finding. The owner hired a management agent effective September 18, 2016. The new management agent will work with HUD to determine what measures need to be taken to: fund the prior and current year deficiencies, request a retroactive suspension of the deposits, or a combination of the two. Completion Date: February 11, 2020

Prior Finding References

2018-001

About Reporting, Special Tests and Provisions →

FY 2018-12-31

FAC accepted this audit on March 27, 2019 — management decision was due September 27, 2019.

2018-001
Reporting / Special Tests & Provisions
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-001, 2016-001, 2017-001

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FY 2017-12-31

FAC accepted this audit on April 1, 2018 — management decision was due October 1, 2018.

2017-001
Reporting / Special Tests & Provisions
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2013-001, 2014-001, 2015-001, 2016-001

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FY 2016-12-31

FAC accepted this audit on May 2, 2017 — management decision was due November 2, 2017.

2016-001
Cash Management / Special Tests & Provisions
MATERIAL WEAKNESSQUESTIONED COSTS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

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2016-002
Reporting / Special Tests & Provisions
REPEAT

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-001

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2016-003
Reporting / Special Tests & Provisions
REPEATQUESTIONED COSTS

GSA_MIGRATION

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GSA_MIGRATION

Corrective Action Plan

GSA_MIGRATION

Prior Finding References

2015-002

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