Audit 289784

Accounting Policies: 1. Reporting Entity Care Corps, Inc. dba Care Corps’ LifeHouse (the Organization) is a Nebraska nonprofit corporation dedicated to providing services and assistance to those who are most affected by poverty in Fremont. Care Corps’ LifeHouse meets the basic needs of housing, food, and clothing, along with case management, while connecting clients to partner agencies to provide supports an individual or family may need outside of our scope of expertise. Programming includes an emergency shelter, a food pantry, a robust prevention program, six scattered-site housing programs, life skills and workforce development, and a voucher program through our thrift store. They also own and operate fifteen low-income rental units. 2. Basis of Accounting The schedule of expenditures of federal awards is presented on the accrual basis of accounting. 3. Basis of Presentation The accompanying schedule presents expenditures paid for each federal award program in accordance with the Office of Management and Budget (OMB) Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal programs are reported as presented in the Catalog of Federal Domestic Assistance (CFDA), whenever possible. 4. Contingencies During the normal course of business, the Organization receives funds from the United States Government for program services. Substantially all of these funds are subject to future audit by various federal and state agencies, however, it is management’s opinion that resulting adjustments, if any, would not have a material effect upon the accompanying financial statements. 5. De Minimis Indirect Cost Rate The Organization has elected to charge the 10% de minimis indirect cost rate to some of its federal award programs. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to charge the 10% de minimis indirect cost rate to some of its federal award programs.