EIN: 742516838
UEI: M7YYJE61M827
Data as of August 24, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on March 28, 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 September 28, 2021 (1791 days ago).
What is a management decision? →Residual Receipts were not deposited within the 60 days required by the Regulatory Agreement. Cause: Miscommunication between management and their CPA. Effect: The project as not in compliance with the requirements of the Regulatory Agreement. Context: Residual Receipts of $13,749, for the year ended June 30, 2020, were deposited October 22, 2020. Recommendation: Management should design and implement controls to monitor and follow the requirements of the Regulatory Agreement. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and the auditor?s recommendations will be adopted.
Show full finding ▾Hide full finding ▴DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING NO. 2020-001: Section 202, CFDA 14.157 Criteria: HUD requires the project to comply with the requirements specified in the Regulatory Agreement. Condition: Residual Receipts were not deposited within the 60 days required by the Regulatory Agreement. Cause: Miscommunication between management and their CPA. Effect: The project as not in compliance with the requirements of the Regulatory Agreement. Context: Residual Receipts of $13,749, for the year ended June 30, 2020, were deposited October 22, 2020. Recommendation: Management should design and implement controls to monitor and follow the requirements of the Regulatory Agreement. Views of Responsible Officials and Planned Corrective Actions: Management agrees with the finding and the auditor?s recommendations will be adopted.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Los Vicentes, Inc. (a non-profit corporation), Father Ed Kircher Apartments, HUD Project No. 115-EH-157-L8-WAH, respectfully submits the following corrective action plan for the year ended June 30, 2020. Name and address of independent public accounting firm: Peter F. Farias, CPA, P.O. Box 451209, Laredo, TX 78045 Audit Period: Year Ended June 30, 2020 The findings from the schedule of findings and questioned costs for the year ended June 30, 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. 2020-001: Section 202, CFDA 14.157 Recommendation: Management should design and implement controls to monitor and follow the requirements of the HUD?s Regulatory Agreement. Action Taken: As soon as the fiscal year ends, or earlier if possible, accountant will request to Los Vicentes, Inc.?s officers, all information needed to calculate Surplus Cash, allowing us to deposit cash, if any, as required by HUD?s Regulatory Agreement. 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 March 26, 2017 — management decision was due September 26, 2017.
GSA_MIGRATION
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GSA_MIGRATION
2015-001
GSA_MIGRATION
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GSA_MIGRATION
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