Notes to SEFA
Title: Loan Program
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations or the cost principles contained in Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Solutions for Change, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Assistance Listing Number: 14.218, Program Name: Community Development Block Grant/Entitlement Grants, Loans Outstanding December 31, 2021: $472,556, Loans Awarded for the Year Ended December 31, 2022: $0, Loans Principal Repaid for the Year Ended December 31, 2022: $0, Loans Outstanding at December 31, 2022: $472,556. Assistance Listing Number: 14.239, Program Name: HOME Investment Partnership Program, Loans Outstanding December 31, 2021: $3,130,936, Loans Awarded for the Year Ended December 31, 2022: $0, Loans Principal Repaid for the Year Ended December 31, 2022: $0, Loans Outstanding at December 31, 2022: $3,130,936. Assistance Listing Number: 14.256, Program Name: Neighborhood Stabilization Program, Loans Outstanding December 31, 2021: $2,911,798, Loans Awarded for the Year Ended December 31, 2022: $0, Loans Principal Repaid for the Year Ended December 31, 2022: $0, Loans Outstanding at December 31, 2022: $2,911,798.