Notes to SEFA
Title: Loans Outstandings
Accounting Policies: The Mohn Street Accessible Housing, Inc. is the reporting entity for financial purposes as defined in Note 1A to the Mohn Street Accessible Housing Inc.'s financial statements.
The accompanying Schedule of Expenditures of Federal Awards included the grant activity of the Mohn Street Accessible Housing Inc. and is presented on the accrual basis of accounting as described in Note 1B to the Mohn Street's Accessible Housing Inc.'s financial statements.
De Minimis Rate Used: N
Rate Explanation: Mohn Street Accessible Housing, Inc. did not elect to use the 10% de minimis indirect cost rate.
The Mohn Street Accessible Housing Inc. has the following loan balance outstanding at June 30, 2023. This outstanding loan balance is the expenditure presented in the Schedule of Expenditures of Federal Awards. Program Title: Supportive Housing for Persons with Disabilities. Federal ALN# 14.181. Amount Outstanding: $1,551,400.