Name of Auditee: Cascade Meadows Senior Apartments
HUD Auditee identification number: 126EE064
Name of audit firm: Loveridge Hunt & Co, PLLC
Period covered by the audit: Year ended December 31, 2024
CAP prepared by:
Name: Karen Long
Position: Executive Director
Telephone number: : 541.296.5462 Ext 116
Finding 2024-001 -
1. Statement of Condition: During auditors’ tests of compliance over the program, they noted
two tenant files that did not have appropriate documentation at the time of review
of tenant files. Subsequent to field work, management was able to obtain the
necessary documentation and share it with auditors to verify that income and
deductions are properly calculated and documented.
2. Cause: EIV documentation was not available until 90 days after move in of a new household,
and documentation was not saved with the tenant file. Property manager used bank
statement to verify Social Security payment rather than using the most recent
available third-party verification. Another tenant’s medical expense was not obtained
timely due to having a paper receipt; management was able to receive a screen shot
of the purchase of eyeglasses.
3. Actions Taken on the Finding: Moving forward only acceptable forms of verifications will be
used. If using a screenshot, it will be followed up with tenant self-certification.