EIN: 742197689
UEI: GSA_MIGRATION
Audited by: PETER F FARIAS, CPA
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 July 29, 2021. 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 29, 2022 (1675 days ago).
What is a management decision? →Unauthorized loans of project funds to related parties. Criteria: Owners of the property shall not assign, transfer, dispose of, or encumber any personal property of the project, including rents, or pay out any funds except from surplus cash, except for reasonable operating expenses and necessary repairs. Effect: The misuse of cash would constitute equity skimming and a violation of the Regulatory Agreement between the owner and HUD. Context: The project has unauthorized loans receivable from related parties totaling $930. Cause: Management made a disbursement on behalf of a related party and deposited a security deposit to the account of a related party, both due to error. Recommendation: Management should follow procedures to ensure receipts are deposited to the correct bank account. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and the auditor?s communication has been adopted.
Show full finding ▾Hide full finding ▴DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING NO. 2020-001: Section 202, CFDA 14.157 Condition: Unauthorized loans of project funds to related parties. Criteria: Owners of the property shall not assign, transfer, dispose of, or encumber any personal property of the project, including rents, or pay out any funds except from surplus cash, except for reasonable operating expenses and necessary repairs. Effect: The misuse of cash would constitute equity skimming and a violation of the Regulatory Agreement between the owner and HUD. Context: The project has unauthorized loans receivable from related parties totaling $930. Cause: Management made a disbursement on behalf of a related party and deposited a security deposit to the account of a related party, both due to error. Recommendation: Management should follow procedures to ensure receipts are deposited to the correct bank account. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and the auditor?s communication has been adopted.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Villa San Luis Charitable Trust, Inc., (without trust powers) (a non-profit charitable trust), Tanis Valdez Village, HUD Project No. 115-EH030-L8-PPH respectfully submits the following corrective action plan for the year ended October 31, 2020. Name and address of independent public accounting firm: Peter F. Farias, CPA, P.O. Box 451209, Laredo, TX 78045 Audit Period: Year Ended October 31, 2020 The findings from the schedule of findings and questioned costs for the year ended October 31, 2020 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-FINANCIAL STATEMENT AUDIT None FINDINGS-FEDERAL AWARD PROGRAMS AUDITS FINDING NO. 2020-1: Section 202, CFDA 14.157 Recommendation: Management should follow procedures to ensure receipts are deposited to the correct bank account. Action Taken: Management discussed the error with office personnel and reimbursement to Tanis Valdez Village has been completed.
2019-001
FAC accepted this audit on July 29, 2020 — management decision was due January 29, 2021.
Unauthorized loans of project funds to related parties. Criteria: Owners of the property shall not assign, transfer, dispose of, or encumber any personal property of the project, including rents, or pay out any funds except from surplus cash, except for reasonable operating expenses and necessary repairs. Effect: The misuse of cash would constitute equity skimming and a violation of the Regulatory Agreement between the owner and HUD. Context: The project has unauthorized loans receivable from related parties totaling $70. Cause: Management deposited a tenant security deposit to the related party bank account by error. Recommendation: Management should follow procedures to ensure receipts are deposited to the correct bank account. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and the auditor?s communication has been adopted.
Show full finding ▾Hide full finding ▴DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING NO. 2019-1: Section 202, CFDA 14.157 Condition: Unauthorized loans of project funds to related parties. Criteria: Owners of the property shall not assign, transfer, dispose of, or encumber any personal property of the project, including rents, or pay out any funds except from surplus cash, except for reasonable operating expenses and necessary repairs. Effect: The misuse of cash would constitute equity skimming and a violation of the Regulatory Agreement between the owner and HUD. Context: The project has unauthorized loans receivable from related parties totaling $70. Cause: Management deposited a tenant security deposit to the related party bank account by error. Recommendation: Management should follow procedures to ensure receipts are deposited to the correct bank account. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and the auditor?s communication has been adopted.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Villa San Luis Charitable Trust, Inc., (without trust powers) (a non-profit charitable trust), Tanis Valdez Village, HUD Project No. 115-EH030-L8-PPH respectfully submits the following corrective action plan for the year ended October 31, 2019. Name and address of independent public accounting firm: Peter F. Farias, CPA, P.O. Box 451209, Laredo, TX 78045 Audit Period: Year Ended October 31, 2019 The findings from the schedule of findings and questioned costs for the year ended October 31, 2019 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-FINANCIAL STATEMENT AUDIT None FINDINGS-FEDERAL AWARD PROGRAMS AUDITS FINDING NO. 2019-1: Section 202, CFDA 14.157 Recommendation: Management should follow procedures to ensure receipts are deposited to the correct bank account. Action Taken: Management discussed the error with office personnel and reimbursement to Tanis Valdez Village has been completed. If the U.S. Department of Housing and Urban Development has questions regarding this plan, please call Gerardo Valdez at (956) 724-3351.
FAC accepted this audit on July 29, 2019 — management decision was due January 29, 2020.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
FAC accepted this audit on July 29, 2018 — management decision was due January 29, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2016-002
FAC accepted this audit on July 28, 2017 — management decision was due January 28, 2018.
GSA_MIGRATION
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GSA_MIGRATION
2015-001
GSA_MIGRATION
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GSA_MIGRATION
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