Title: Basis of presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley Haven
Villa, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The organization utilizes GAAP to determine all applicable project costs allowed under uniform guidance. This allows the nonprofit to better manage project funds and complete its mission.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley Haven
Villa, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley Haven
Villa, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The organization utilizes GAAP to determine all applicable project costs allowed under uniform guidance. This allows the nonprofit to better manage project funds and complete its mission.
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. Wesley Haven Villa, Inc. has elected not to use the 10-
percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Section 232 Insured Loan
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley Haven
Villa, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The organization utilizes GAAP to determine all applicable project costs allowed under uniform guidance. This allows the nonprofit to better manage project funds and complete its mission.
Wesley Haven Villa, Inc.'s Section 232 Insured Loan was determined to be a Type A Federal Financial Assistance
Program based on the total amounts as of and for the year ended June 30, 2023, and was considered a major
program under the criteria of Uniform Guidance. The loan balance as of June 30, 2023, was $3,226,498.
Title: Provider Relief Funds
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley Haven
Villa, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance with
the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the
financial statements.
De Minimis Rate Used: N
Rate Explanation: The organization utilizes GAAP to determine all applicable project costs allowed under uniform guidance. This allows the nonprofit to better manage project funds and complete its mission.
During the year ended June 30, 2022, Wesley Haven Villa, Inc. received $108,831 from the U.S. Department of
Health and Human Services Provider Relief Fund federal program period five. Funds received in period five under
this Program are due to be reported in the Provider Relief Fund Reporting Portal between July 1, 2023 and
September 30, 2023.