Audit 292013

Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Community Housing Network, Inc. and Affiliates (“CHN”) under programs of the federal government for the year ended December 31, 2022.The information in the 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 CHN, it is not intended to and does not present the financial position, changes in net assets, or cash flows of CHN.Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.CHN has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance. Pass-through entity identifying numbers are presented where available. The following housing entities are not included in the schedule of expenditures of federal awards because these entities had a separate Uniform Guidance compliance audit conducted for the year ended December 31, 2022. Expenditures for these entities totaled $9,574,557 for the year ended December 31, 2022: Network Housing '90, Inc. Network Housing '91, Inc. Network Housing '92, Inc. Network Housing '94, Petzinger, Inc. Network Housing '94, Sixth Street, Inc. Network Housing '96, Inc. Network Housing 2005, Inc. Network Residential Apartments LLC De Minimis Rate Used: N Rate Explanation: CHN has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance.