EIN: 660550405
UEI: J5R2CUG63PS8
Audited by: Fernandez Valdivia & Company
Oversight agency: 14 [Department of Housing and Urban Development]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on October 29, 2025. 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 April 29, 2026 (122 days ago).
What is a management decision? →Internal Control over Compliance For 1 of 25 disbursements tested we noted that the check was issued 30 days after the date of the vendors’ invoices. For 25 disbursements selected we verified the time elapsing between the invoice and the check and noted that for 1 of 25 disbursement the time exceed 30 days (it was 34 days), average the period as per client’s established procedures. The 2 CFR Section 215.22 – Payments, states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. s The cash turnover days is the measure of the difference between the invoice date and the date of the payment (check date). The difference considered reasonable as per client is an average of 30 days or less.
Show full finding ▾Hide full finding ▴Internal Control over Compliance For 1 of 25 disbursements tested we noted that the check was issued 30 days after the date of the vendors’ invoices. For 25 disbursements selected we verified the time elapsing between the invoice and the check and noted that for 1 of 25 disbursement the time exceed 30 days (it was 34 days), average the period as per client’s established procedures. The 2 CFR Section 215.22 – Payments, states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. s The cash turnover days is the measure of the difference between the invoice date and the date of the payment (check date). The difference considered reasonable as per client is an average of 30 days or less.
Recommendation is accepted. Housing Program Director will be in charge to monitoring weekly the accounts payable. Although it is important to note that due to the fiscal situation of the Project, there are accounts payable of more than three years with which we are working and for that it is necessary to work with the cash flow.
2023-001
FAC accepted this audit on September 13, 2024 — management decision was due March 13, 2025.
Internal Control over Compliance For 1 of 25 disbursements tested we noted that the check was issued 30 days after the date of the vendors’ invoices. For 25 disbursements selected we verified the time elapsing between the invoice and the check and noted that for 1 of 25 disbursement the time exceed 30 days (it was 34 days), average the period as per client’s established procedures. The 2 CFR Section 215.22 – Payments, states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. s The cash turnover days is the measure of the difference between the invoice date and the date of the payment (check date). The difference considered reasonable as per client is an average of 30 days or less.
Show full finding ▾Hide full finding ▴Internal Control over Compliance For 1 of 25 disbursements tested we noted that the check was issued 30 days after the date of the vendors’ invoices. For 25 disbursements selected we verified the time elapsing between the invoice and the check and noted that for 1 of 25 disbursement the time exceed 30 days (it was 34 days), average the period as per client’s established procedures. The 2 CFR Section 215.22 – Payments, states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. s The cash turnover days is the measure of the difference between the invoice date and the date of the payment (check date). The difference considered reasonable as per client is an average of 30 days or less.
Recommendation is accepted. Housing Program Director will be in charge to monitoring weekly the accounts payable. Although it is important to note that due to the fiscal situation of the Project, there are accounts payable of more than three years with which we are working and for that it is necessary to work with the cash flow.
2022-001
Special Test and Provisions The residual receipt was deposited over 60 days following the end of the fiscal year. In order to ascertain whether the Project complied with the compliance requirement we examined the form “Computation of Surplus cash, distributions, and residual receipt” and determine if a residual receipt deposit is required. The deposit of this residual was made more than 60 days after the end of fiscal year. The 24 CFR Section 891.400 (e) states that any remaining project funds in the project funds account (including earned interest) following the expiration of the fiscal year shall be deposited in a Federally-insured residual receipts account within 60 days following the end of the fiscal year. Lack of personnel in the accounting department. Only one employee is in-charge of performing the accounting and the closing procedures. Consequently, when the analysis of the residual receipt was performed, the 60 days had already passed. The Project may be subject to HUD findings and therefore, may be subject to penalties.
Show full finding ▾Hide full finding ▴Special Test and Provisions The residual receipt was deposited over 60 days following the end of the fiscal year. In order to ascertain whether the Project complied with the compliance requirement we examined the form “Computation of Surplus cash, distributions, and residual receipt” and determine if a residual receipt deposit is required. The deposit of this residual was made more than 60 days after the end of fiscal year. The 24 CFR Section 891.400 (e) states that any remaining project funds in the project funds account (including earned interest) following the expiration of the fiscal year shall be deposited in a Federally-insured residual receipts account within 60 days following the end of the fiscal year. Lack of personnel in the accounting department. Only one employee is in-charge of performing the accounting and the closing procedures. Consequently, when the analysis of the residual receipt was performed, the 60 days had already passed. The Project may be subject to HUD findings and therefore, may be subject to penalties.
The budget of the managing agent is limited so the recommendation of more employees cannot be assumed at this time. However, the Management will be evaluating functions performed by the accountant from which he can be relieved so that more time is left for the activities required in the recommendations.
2022-002
FAC accepted this audit on July 27, 2023 — management decision was due January 27, 2024.
Finding Number: 2022-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 1 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 1 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number: 2022-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 1 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 1 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Finding Number: 2022-1 Payment of invoices before 30 days of received. The project staff was oriented about the importance of make a payment 30 days after receive the invoice. The plan of correction empathizes in verify weekly the supplier?s invoices and establish a payment date not more than 30 days of the invoice was received.
2021-001
Finding Number: 2022-2 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Special Test and Provisions Statement of Condition The residual receipt was deposited over 60 days following the end of the fiscal year. Context In order to ascertain whether the Project complied with the compliance requirement we examined the form ?Computation of Surplus cash, distributions, and residual receipt? and determine if a residual receipt deposit is required. The deposit of this residual was made more than 60 days after the end of fiscal year. Criteria The 24 CFR Section 891.400 (e) states that any remaining project funds in the project funds account (including earned interest) following the expiration of the fiscal year shall be deposited in a Federally-insured residual receipts account within 60 days following the end of the fiscal year. Known questioned cost None. Underlying cause Lack of personnel in the accounting department. Only one employee is in-charge of performing the accounting and the closing procedures. Consequently, when the analysis of the residual receipt was performed, the 60 days had already passed. Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to evaluate the need of contracting additional personnel to minimize the accounting closing time. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number: 2022-2 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Special Test and Provisions Statement of Condition The residual receipt was deposited over 60 days following the end of the fiscal year. Context In order to ascertain whether the Project complied with the compliance requirement we examined the form ?Computation of Surplus cash, distributions, and residual receipt? and determine if a residual receipt deposit is required. The deposit of this residual was made more than 60 days after the end of fiscal year. Criteria The 24 CFR Section 891.400 (e) states that any remaining project funds in the project funds account (including earned interest) following the expiration of the fiscal year shall be deposited in a Federally-insured residual receipts account within 60 days following the end of the fiscal year. Known questioned cost None. Underlying cause Lack of personnel in the accounting department. Only one employee is in-charge of performing the accounting and the closing procedures. Consequently, when the analysis of the residual receipt was performed, the 60 days had already passed. Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to evaluate the need of contracting additional personnel to minimize the accounting closing time. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
2022-2 Residual Receipt The budget of managing agent is limited so the recommendation of more employees cannot be assumed at this time, however management will be evaluating functions performed by the accountant Person in charge will be the Project Administrator and Mr. Jose Feliciano Executive Director of the Management Agent.
2021-002
FAC accepted this audit on July 23, 2023 — management decision was due January 23, 2024.
Finding Number: 2021-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 9 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 9 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number: 2021-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 9 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 9 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Finding Number: 2021-1 Payment of invoices before 30 days of received. The project staff was oriented about the importance of make a payment 30 days after receive the invoice. The plan of correction empathizes in verify weekly the supplier?s invoices and establish a payment date not more than 30 days of the invoice was received.
2020-001
Finding Number: 2021-2 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Special Test and Provisions Statement of Condition The residual receipt was deposited over 60 days following the end of the fiscal year. Context In order to ascertain whether the Project complied with the compliance requirement we examined the form ?Computation of Surplus cash, distributions, and residual receipt? and determine if a residual receipt deposit is required. The deposit of this residual was made more than 60 days after the end of fiscal year. Criteria The 24 CFR Section 891.400 (e) states that any remaining project funds in the project funds account (including earned interest) following the expiration of the fiscal year shall be deposited in a Federally-insured residual receipts account within 60 days following the end of the fiscal year. Finding Number: 2021-2 ? (continued) Known questioned cost None. Underlying cause Lack of personnel in the accounting department. Only one employee is in-charge of performing the accounting and the closing procedures. Consequently, when the analysis of the residual receipt was performed, the 60 days had already passed. Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to evaluate the need of contracting additional personnel to minimize the accounting closing time. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number: 2021-2 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Special Test and Provisions Statement of Condition The residual receipt was deposited over 60 days following the end of the fiscal year. Context In order to ascertain whether the Project complied with the compliance requirement we examined the form ?Computation of Surplus cash, distributions, and residual receipt? and determine if a residual receipt deposit is required. The deposit of this residual was made more than 60 days after the end of fiscal year. Criteria The 24 CFR Section 891.400 (e) states that any remaining project funds in the project funds account (including earned interest) following the expiration of the fiscal year shall be deposited in a Federally-insured residual receipts account within 60 days following the end of the fiscal year. Finding Number: 2021-2 ? (continued) Known questioned cost None. Underlying cause Lack of personnel in the accounting department. Only one employee is in-charge of performing the accounting and the closing procedures. Consequently, when the analysis of the residual receipt was performed, the 60 days had already passed. Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to evaluate the need of contracting additional personnel to minimize the accounting closing time. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
2021-2 Residual Receipt The budget of managing agent is limited so the recommendation of more employees cannot be assumed at this time, however management will be evaluating functions performed by the accountant Person in charge will be the Project Administrator and Mr. Jose Feliciano Executive Director of the Management Agent.
FAC accepted this audit on July 20, 2023 — management decision was due January 20, 2024.
Finding Number: 2020-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 3 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 3 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number: 2020-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 3 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 3 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Finding Number: 2020-1 Payment of invoices before 30 days of received. The project staff was oriented about the importance of make a payment 30 days after receive the invoice. The plan of correction empathizes in verify weekly the supplier?s invoices and establish a payment date not more than 30 days of the invoice was received.
2019-001
FAC accepted this audit on October 5, 2020 — management decision was due April 5, 2021.
Finding Number: 2019-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 5 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 5 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Show full finding ▾Hide full finding ▴Finding Number: 2019-1 Catalog Number Program Name CFDA#14.195 Section 8 Housing Assistance Payments Program Special Allocations Category Compliance Compliance requirement Cash management Statement of Condition For 5 of 25 disbursement tested we noted that the check was issued 30 days after the date of the invoice. Context In order to ascertain whether the Project complied with the cash management compliance requirement we selected 25 disbursements and verified the time elapsing between the invoice and the check and noted that for 5 of 25 disbursements the time exceeded 30 days, average period as per client established procedures. Criteria The 2 CFR Section 215.22 states that payment methods of Non-Profit Organizations shall minimize the time elapsing between the transfer of funds from the United States Treasury and the issuance or redemption of checks, warrants, or payment by other means by the recipients. Known questioned cost None. Underlying cause The Project has not established proper internal control procedures for cash management. In addition, the Project takes more than 30 days in processing its accounts payable invoices Effect Project may be subject to HUD findings and therefore, may be subject to penalties. Recommendation We recommend the Project?s management to establish specific internal control procedures to minimize the time to pay suppliers invoices and therefore, minimize the cash in bank. We recommend also, establishing monitoring procedures to ensure the compliance of such requirement. Management Response See Corrective Action Plan.
Finding Number: 2019-1 Payment of invoices before 30 days of received. The project staff was oriented about the importance of make a payment 30 days after receive the invoice. The plan of correction empathizes in verify weekly the supplier?s invoices and establish a payment date not more than 30 days of the invoice was received.
2018-001
FAC accepted this audit on July 17, 2020 — management decision was due January 17, 2021.
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on June 28, 2020 — management decision was due December 28, 2020.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
FAC accepted this audit on June 30, 2020 — management decision was due December 30, 2020.
GSA_MIGRATION
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GSA_MIGRATION
2015-001
GSA_MIGRATION
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GSA_MIGRATION
2015-002
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