Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant
Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
activity of St. Anthony's Housing Development Fund Co., Inc. (St. Anthony Apartments), and is
Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
presented on the accrual basis of accounting. The information in this Schedule is presented in
Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,
Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
Awards. Because the Schedule presents only a selected portion of the operations of the Project, it
Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
is not intended to and does not present the financial position, changes in net assets, or cash flows
Title: Basis of Presentation
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
of the Project.
Title: Summary of Significant Accounting Policies
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
Title: Summary of Significant Accounting Policies
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
expenditures are recognized following the cost principles contained in Uniform Guidance
Title: Summary of Significant Accounting Policies
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
wherein certain types of expenditures are not allowable or are limited as to reimbursement. St.
Title: Summary of Significant Accounting Policies
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
Anthony's Housing Development Fund Co., Inc. has elected not to use the 10 percent de minimis
Title: Summary of Significant Accounting Policies
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
indirect cost rate allowed under the Uniform Guidance.
Title: U.S. Department of Housing and Urban Development Loan Program
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
St. Anthony's Housing Development Fund Co., Inc. has received a U.S. Department of Housing
Title: U.S. Department of Housing and Urban Development Loan Program
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
and Urban Development direct loan under Section 202 of the National Housing Act. The loan
Title: U.S. Department of Housing and Urban Development Loan Program
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
balance outstanding at the beginning of the year is included in the federal expenditures presented
Title: U.S. Department of Housing and Urban Development Loan Program
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
in the schedule. The balance of the loan outstanding at September 30, 2023 consists of the
Title: U.S. Department of Housing and Urban Development Loan Program
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
following loan: Federal Assistance Listing Number 14.155 Section 207 /223 Mortgage Insurance
Title: U.S. Department of Housing and Urban Development Loan Program
Accounting Policies: ALL
De Minimis Rate Used: N
Rate Explanation: N/A
Loan for the Purchase or Refinancing of Existing Multifamily Housing Projects $1,820,682.