EIN: 450440770
UEI: T95VZYMDMYW1
Audited by: BRADY MARTZ, LLC
Oversight agency: 10 [Department of Agriculture]
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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 December 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 June 29, 2026 (61 days ago).
What is a management decision? →FAC accepted this audit on January 2, 2025 — management decision was due July 2, 2025.
FAC accepted this audit on January 3, 2024 — management decision was due July 3, 2024.
FAC accepted this audit on January 2, 2023 — management decision was due July 2, 2023.
FAC accepted this audit on December 26, 2021 — management decision was due June 26, 2022.
FAC accepted this audit on December 16, 2020 — management decision was due June 16, 2021.
FAC accepted this audit on January 1, 2020 — management decision was due July 1, 2020.
For the one loan tested for activities allowed or unallowed, we noted that documentation of hazard insurance and USDA form RD 400-4 were not obtained and available for testing in the loan file. Cause: Management and loan officer oversight of forms and documentation required to be obtained and held in the loan file in accordance with program requirements. Effect: Missing documentation increases the risk that a loan is approved and disbursed to a borrower that is not compliant with program requirements and would be considered unallowed by the agency upon review. Questioned Costs: None reported Context/Sampling: No sampling used Repeat Finding from Prior Year: No Recommendation: We recommend incorporating the use of a checklist with all the required loan documentation and forms needed to be obtained and retained in the loan file to assist in the application process to ensure that this documentation is not missed in future loans originated under the program. Views of Responsible Officials: Management agrees with the finding.
Show full finding ▾Hide full finding ▴Criteria: 7 CFR 4274.337 through .338 and the IRP letter of conditions provide the requirements that an intermediary will require ultimate recipients to provide hazard insurance with a standard mortgage clause naming the intermediary as beneficiary, as well as require each ultimate recipient to sign and agree to the conditions within the USDA RD 400-4 Assurance Agreement. Condition: For the one loan tested for activities allowed or unallowed, we noted that documentation of hazard insurance and USDA form RD 400-4 were not obtained and available for testing in the loan file. Cause: Management and loan officer oversight of forms and documentation required to be obtained and held in the loan file in accordance with program requirements. Effect: Missing documentation increases the risk that a loan is approved and disbursed to a borrower that is not compliant with program requirements and would be considered unallowed by the agency upon review. Questioned Costs: None reported Context/Sampling: No sampling used Repeat Finding from Prior Year: No Recommendation: We recommend incorporating the use of a checklist with all the required loan documentation and forms needed to be obtained and retained in the loan file to assist in the application process to ensure that this documentation is not missed in future loans originated under the program. Views of Responsible Officials: Management agrees with the finding.
Finding Summary: For the one loan tested for activities allowed or unallowed, we noted that documentation of hazard insurance and USDA form RD 400-4 were not obtained and available for testing in the loan file. Responsible Individuals: Brent Ekstrom, Executive Director Lyle Hogue, Community Development Coordinator Corrective Action Plan: The insurance has subsequently been collected and is in file. Staff will complete and management will monitor loan items checklist and add proof of insurance collection to the tickler system to insure items are not missed. Anticipated Completion Date: Implemented Immediately
For the one loan tested for suspension and debarment, we noted that there was no supporting documentation available to review in the loan file to determine that the intermediary verified that the ultimate recipient was not suspended, debarred, or otherwise excluded. Cause: Management and loan officer oversight of the documentation required to be obtained and held in the loan file in accordance with program requirements. Effect: Missing documentation increases the risk that a loan is approved and disbursed to a borrower that is suspended, debarred, or otherwise excluded. Questioned Costs: None reported Context/Sampling: No sampling used Repeat Finding from Prior Year: No Recommendation: We recommend incorporating the use of a checklist with all the required loan documentation needed to be obtained and retained in the loan file to assist in the application process to ensure that this documentation is obtained for future loans originated under the program. Views of Responsible Officials: Management agrees with the finding.
Show full finding ▾Hide full finding ▴Criteria: 2 CFR part 180 indicates non-federal entities are prohibited from making subawards under covered transactions with parties that are suspended or debarred. 7 CFR 4274.308 indicates that any delinquent debt due to the Federal Government by the ultimate recipient or any of its principals shall cause the proposed ultimate recipient to be ineligible to receive a loan from agency IRP funds. Condition: For the one loan tested for suspension and debarment, we noted that there was no supporting documentation available to review in the loan file to determine that the intermediary verified that the ultimate recipient was not suspended, debarred, or otherwise excluded. Cause: Management and loan officer oversight of the documentation required to be obtained and held in the loan file in accordance with program requirements. Effect: Missing documentation increases the risk that a loan is approved and disbursed to a borrower that is suspended, debarred, or otherwise excluded. Questioned Costs: None reported Context/Sampling: No sampling used Repeat Finding from Prior Year: No Recommendation: We recommend incorporating the use of a checklist with all the required loan documentation needed to be obtained and retained in the loan file to assist in the application process to ensure that this documentation is obtained for future loans originated under the program. Views of Responsible Officials: Management agrees with the finding.
Finding Summary: For the one loan tested for suspension and debarment, we noted that there was no supporting documentation available to review in the loan file to determine that the intermediary verified that the ultimate recipient was not suspended, debarred, or otherwise excluded. Responsible Individuals: Brent Ekstrom, Executive Director Lyle Hogue, Community Development Coordinator Corrective Action Plan: The form has subsequently been completed and is in the file. Staff will complete and management will monitor loan items checklist and insure items are not missed. Anticipated Completion Date: Implemented Immediately
For one of the four reports tested for compliance with reporting requirements, we identified that the amount reported for restricted cash on hand for the RLF (cash available for relending) was understated by $110,723 as it missed combining the cash of both IRP 1 and IRP 2, which was being reported combined as allowed per the Agency notice on January 20, 2019. Cause: Management and loan officer oversight and lack of review of the information being provided for reporting purposes as compared against applicable loan and general ledger data. Effect: Lack of report review increases the risk that information provided to the federal agency for monitoring and oversight is either incomplete or inaccurate. Questioned Costs: None reported Context/Sampling: No sampling used Repeat Finding from Prior Year: No Recommendation: We recommend incorporating a review procedure where someone other than the preparer reviews the report information being provided as compared to the supporting documentation prior to submission of the report as a control measure to detect reporting errors in the future. Views of Responsible Officials: Management agrees with the finding.
Show full finding ▾Hide full finding ▴Criteria: The IRP letter of conditions provides the requirements for periodic reporting as indicated in Form RD 4274-4, which further indicates reporting using form RD 1951-4 to report the lending activity to the Agency. Per notice on January 20, 2019, the intermediaries? two IRP programs were approved to be consolidated and operate as one fund for reporting purposes. Condition: For one of the four reports tested for compliance with reporting requirements, we identified that the amount reported for restricted cash on hand for the RLF (cash available for relending) was understated by $110,723 as it missed combining the cash of both IRP 1 and IRP 2, which was being reported combined as allowed per the Agency notice on January 20, 2019. Cause: Management and loan officer oversight and lack of review of the information being provided for reporting purposes as compared against applicable loan and general ledger data. Effect: Lack of report review increases the risk that information provided to the federal agency for monitoring and oversight is either incomplete or inaccurate. Questioned Costs: None reported Context/Sampling: No sampling used Repeat Finding from Prior Year: No Recommendation: We recommend incorporating a review procedure where someone other than the preparer reviews the report information being provided as compared to the supporting documentation prior to submission of the report as a control measure to detect reporting errors in the future. Views of Responsible Officials: Management agrees with the finding.
Finding Summary: For one of the four reports tested for compliance with reporting requirements, we identified that the amount reported for restricted cash on hand for the RLF (cash available for relending) was understated by $110,723 as it missed combining the cash of both IRP 1 and IRP 2, which was being reported combined as allowed per the Agency notice on January 20, 2019. Responsible Individuals: Brent Ekstrom, Executive Director Lyle Hogue, Community Development Coordinator Corrective Action Plan: Every six months CWND provides an IRP semi-annual report to USDA-RD. This report shows the combined fund balance of the three IRP's CWND has in its portfolio. The information generated for this report comes from our Quick Books software and is titled Balance Sheet by Class-IRP Funds. This balance sheet is broken out between IRP, IRPII and IRPND. Because each is broken out individually, the amount of $110,722.53 of current assets for the IRPll loan account on the 9/30/19 report to USDA-RD was missed when compiling the report and total assets were underestimated. The IRP and IRP II funds will be combined on the internal accounting to eliminate the need to combine for USDA reporting and reduce the risk for errors. Anticipated Completion Date: Implemented Immediately
FAC accepted this audit on December 19, 2018 — management decision was due June 19, 2019.
FAC accepted this audit on January 2, 2018 — management decision was due July 2, 2018.
FAC accepted this audit on January 5, 2017 — management decision was due July 5, 2017.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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