Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts
shown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented
where available. No amounts have been provided to subrecipients during the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Abilities Group has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Abilities, Inc. of Florida and Affiliates (the Abilities Group) consist of the following entities: Abilities, Inc. of
Florida; Homes for Independence; HFI Space Coast; Abilities at Bartonʼs Landing, Inc.; Abilities at Briar
Cliff, Inc.; Abilities at Casablanca, Inc.; Abilities at College Pines, Inc.; Abilities at Crestview I & II, Inc.;
Abilities at Cumberland Towers, Inc.; Abilities at Eagleʼs Nest, Inc.; Abilities at English Park, Inc.; Abilities
at Fountain Square, Inc.; Abilities at Morningside I & II, Inc.; Abilities at Parklane, Inc.; Abilities at San
Juan I & II, Inc.; Abilities at Sierra Apartments, Inc.; Abilities at St. Andrewʼs Cove, Inc.; Abilities at
Windjammer I & II, Inc.; Abilities at Windover, Inc.; and Abilities at Woodside, Inc.
The accompanying consolidated schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of the Abilities Group under programs of the federal government for the year ended
June 30, 2023. The information in this Schedule is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
selected portion of the operations of the Abilities Group, it is not intended to and does not present the
financial position, changes in net assets or cash flows of the Abilities Group.
Title: Loans Outstanding
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts
shown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented
where available. No amounts have been provided to subrecipients during the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Abilities Group has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Abilities Group had the following capital advances and loans outstanding at June 30, 2023. The balances outstanding are also included in the federal expenditures presented in the consolidated schedule of expenditures of federal awards. See the Notes to the SEFA for chart/table.
Title: Supportive Housing for Persons with Disabilities
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts
shown on the Schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented
where available. No amounts have been provided to subrecipients during the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Abilities Group has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Included in Supportive Housing for Persons With Disabilities is the cumulative amount of capital advances
received from the U.S. Department of Housing and Urban Development (HUD). HUD requires the Abilities
Group to comply with requirements identified in the regulatory agreements with the Abilities Group for
40 years under the Capital Advance program.