Texas · Nonprofit · $2M-$10M in federal spending

Las Villas De Magnolia, Inc.

Houston, TX

The FY2025 single audit reports no findings. Audits on file for FY2023–FY2025: FY2023, FY2024, FY2025.

Score: 0 of 100 (FY2025 audit)

The sum of eight parts, each read from the audit. How the score works.

Part	Rule	Max
Material weaknesses	8 points each	24
Significant deficiencies	3 points each	9
Repeat findings	5 points each	15
Longest repeat chain	2 years 3, 3 years 6, 4 years 9, 5+ years 12	12
Modified major-program opinions	qualified 8 each; any adverse or disclaimer 15	15
Questioned costs	known amount of $25,000 or more, by share and dollars	15
Going concern	auditor included a going-concern paragraph	5
Prior-year lateness	prior-year audit late or not filed, scored only with a finding	5
Score		100

Federal funding, FY2025

$6,018,647 in federal awards spent, across 1 program. Largest funding agencies:

Agency	Spent
Department of Housing and Urban Development	$6,018,647

FY2025 audit

FAC record: 2025-12-GSAFAC-0000419877
Fiscal year end: December 31, 2025
Accepted by FAC: August 25, 2026
Federal spending: $6,018,647 · 1 program
Major programs: 1
Score: 0 of 100

No findings reported.

FY2024 audit

FAC record: 2024-12-GSAFAC-0000370625
Fiscal year end: December 31, 2024
Accepted by FAC: September 17, 2025
Federal spending: $6,011,947 · 1 program
Major programs: 1
Questioned costs: $2,000 known
Score: 3 of 100

Finding 2024-001

significant deficiencyquestioned costs

Program: SUPPORTIVE HOUSING FOR THE ELDERLY (14.157)
Compliance requirement: Other
Questioned costs: $2,000 (known)
FAC record: FY2024 audit on fac.gov

Finding text from the filing

Condition: Under terms of the HUD regulatory agreement, the Company is required to receive HUD approval on any disbursement from the residual receipts account. The Company did not receive approval for a $2,000 disbursement from the residual receipts account on August 26, 2024. Criteria: The HUD regulatory agreement requires the Company obtain HUD approval for all disbursements from the residual receipt account. Effect: The Company is in violation of its Regulatory Agreement. Questioned Cost: $2,000 Cause: Oversight Recommendation: We recommend the Company deposit $2,000 into the residual receipts account. Further, we recommend the Company review the regulatory agreement to ensure compliance. Auditor’s Comment: On March 31, 2025, the Company deposited $2,000 into the residual receipts account. Finding 2024-001 Cleared.

FY2023 audit

FAC record: 2023-12-GSAFAC-0000052778
Fiscal year end: December 31, 2023
Accepted by FAC: September 6, 2024
Federal spending: $6,023,807 · 1 program
Major programs: 1
Score: 0 of 100

No findings reported.