EIN: 660266516
UEI: E81CXCMS7E65
Data as of August 27, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on July 11, 2023. 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 January 11, 2024 (960 days ago).
What is a management decision? →Finding No. 2022-001 1. CONDITION ? Vacancy losses is extremely high when compared to last year vacancy losses. Vacancy losses increased in fiscal year 2022 by $92,164, from $76,077 to $168,241, representing a 7.26% of gross potential income. 2. CRITERIA ? Management Agent is not in compliance with the Affirmative Fair Housing Marketing Plan since they undersigned Voluntary Compliance Agreement with HUD, No. 02-20-5450-8, that requires the rehabilitation of thirteen (13) units identified in the agreement. 3. EFFECT ? Negative impact in cash flows to the Project. 4. CAUSE ? Units in the Voluntary Compliance Agreement are not available to be rent to new tenants. 5. QUESTIONED COST ? Loss of tenant?s revenues in the amount of $92,164. 6. RECOMMENDATION ? Management Agent should complete the unit?s rehabilitation as soon as possible.
Show full finding ▾Hide full finding ▴Finding No. 2022-001 1. CONDITION ? Vacancy losses is extremely high when compared to last year vacancy losses. Vacancy losses increased in fiscal year 2022 by $92,164, from $76,077 to $168,241, representing a 7.26% of gross potential income. 2. CRITERIA ? Management Agent is not in compliance with the Affirmative Fair Housing Marketing Plan since they undersigned Voluntary Compliance Agreement with HUD, No. 02-20-5450-8, that requires the rehabilitation of thirteen (13) units identified in the agreement. 3. EFFECT ? Negative impact in cash flows to the Project. 4. CAUSE ? Units in the Voluntary Compliance Agreement are not available to be rent to new tenants. 5. QUESTIONED COST ? Loss of tenant?s revenues in the amount of $92,164. 6. RECOMMENDATION ? Management Agent should complete the unit?s rehabilitation as soon as possible.
FUNDACION DE HOGARES PARA TRABAJADORES PO Box 11798 - Fernandez Juncos Sta. - San Juan, PR 00910-1798 Tel. (787) 268-0222, Fax (787) 268-0311 Villas de Monterrey Apartments HUD Project No. 056-44036-NP Year ended June 30, 2022 CORRECTIVE ACTION PLAN Finding No. 2022-001 Condition: Vacancy losses is extremely high when compared to last year vacancy losses. Vacancy losses increased in fiscal year 2022 by $92,164, from $76,077 to $168,241, representing a 7.26% of gross potential income. Effect: Negative impact in cash flows to the Project. Response: The actual number of Vacant Units as of 01/09/2023 is 6, which represent a 2.17% of all units at the property. Fundaci6n de Hogares para Trabajadores is currently undersigned Voluntary Compliance Agreement #02-20-5450-8, which requires rehabilitation of 13 units, as identified in the Agreement. The property currently has 14 units reserved and in Rehabilitation Status, to serve as temporary housing while the major accessibility changes are completed. January 10, 2023 Brenda Marquez Executive Director of FHT
FAC accepted this audit on June 2, 2020 — management decision was due December 2, 2020.
Finding No. 2019-001 1. CONDITION ? Security deposits cash account is underfunded when compared to Project tenant security liability. 2. CRITERIA ? In HUD Handbook 4350.3, Rev. 1. Chapter 6, Section 2 Paragraph 6-17(B), stated that balance of account must be equal to the amount collected from all tenants in occupancy plus any accrued interest. 3. EFFECT ? Security cash account is underfunded by $83. 4. CAUSE ? Withdrawal of tenant security deposits of another project made by error in the project bank account. 5. QUESTIONED COST ? None. 6. RECOMMENDATION ? Management Agent must transfer the underfunded amount to the tenant security bank account.
Show full finding ▾Hide full finding ▴Finding No. 2019-001 1. CONDITION ? Security deposits cash account is underfunded when compared to Project tenant security liability. 2. CRITERIA ? In HUD Handbook 4350.3, Rev. 1. Chapter 6, Section 2 Paragraph 6-17(B), stated that balance of account must be equal to the amount collected from all tenants in occupancy plus any accrued interest. 3. EFFECT ? Security cash account is underfunded by $83. 4. CAUSE ? Withdrawal of tenant security deposits of another project made by error in the project bank account. 5. QUESTIONED COST ? None. 6. RECOMMENDATION ? Management Agent must transfer the underfunded amount to the tenant security bank account.
THE AMOUNT $83 WAS TRANSFERRED TO THE SECURITY ACCOUNT ON JULY 11, 2019.
Finding No. 2019-001 1. CONDITION ? Vacancy losses is extremely high when compared to last year vacancy losses. Vacancy losses of fiscal year 2019 amounted to $181,461, representing a 8.53% of gross potential income and vacancy losses of fiscal year 2018 amounted to $134,356, representing a 6.45% of gross potential income, for an increase of $47,105 in vacancy losses during fiscal year 2019. 2. CRITERIA ? Management Agent is not complying with the Affirmative Fair Housing Marketing Plan as stated in HUD Handbook 4350.3 Rev. 1, Change 4, Chapter 4, Paragraph 4-12(B)(3) in which indicates that the results of marketing efforts and marketing techniques should be adjusted when necessary to avoid recurring vacancy losses. 3. EFFECT ? Negative impact in cash flows to the Project. 4. CAUSE ? Project?s advertising and marketing plan has not been effective to attract new prospective tenants. 5. QUESTIONED COTS ? Loss of tenant?s revenues in the amount of $181,461. 6. RECOMMENDATION ? Management Agent of the Project must review its Marketing Plan in order to be more successful in attractive new prospective tenants.
Show full finding ▾Hide full finding ▴Finding No. 2019-001 1. CONDITION ? Vacancy losses is extremely high when compared to last year vacancy losses. Vacancy losses of fiscal year 2019 amounted to $181,461, representing a 8.53% of gross potential income and vacancy losses of fiscal year 2018 amounted to $134,356, representing a 6.45% of gross potential income, for an increase of $47,105 in vacancy losses during fiscal year 2019. 2. CRITERIA ? Management Agent is not complying with the Affirmative Fair Housing Marketing Plan as stated in HUD Handbook 4350.3 Rev. 1, Change 4, Chapter 4, Paragraph 4-12(B)(3) in which indicates that the results of marketing efforts and marketing techniques should be adjusted when necessary to avoid recurring vacancy losses. 3. EFFECT ? Negative impact in cash flows to the Project. 4. CAUSE ? Project?s advertising and marketing plan has not been effective to attract new prospective tenants. 5. QUESTIONED COTS ? Loss of tenant?s revenues in the amount of $181,461. 6. RECOMMENDATION ? Management Agent of the Project must review its Marketing Plan in order to be more successful in attractive new prospective tenants.
The Management Agent will review and improve the marketing plan in order to attract new applicants to project.
FAC accepted this audit on January 21, 2019 — management decision was due July 21, 2019.
GSA_MIGRATION
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2017-001
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Show full finding ▾Hide full finding ▴FAC accepted this audit on March 26, 2018 — management decision was due September 26, 2018.
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2016-001
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FAC accepted this audit on January 9, 2017 — management decision was due July 9, 2017.
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2015-001
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