Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the 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 New Directions Housing Corporation, it
is not intended to and does not present the financial position, changes in net assets, or cash flows of the
Organization. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used
in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization chose to use the grant prescribed indirect cost rate when applicable.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Organization and is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the 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 New Directions Housing Corporation, it
is not intended to and does not present the financial position, changes in net assets, or cash flows of the
Organization. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used
in the preparation of, the basic financial statements.Pass-through entity identifying numbers are presented where available.
Title: Matching Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the 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 New Directions Housing Corporation, it
is not intended to and does not present the financial position, changes in net assets, or cash flows of the
Organization. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used
in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization chose to use the grant prescribed indirect cost rate when applicable.
Matching costs, i.e., the non-federal share of certain program costs, are not included in the accompanying schedule.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the requirements of the 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 New Directions Housing Corporation, it
is not intended to and does not present the financial position, changes in net assets, or cash flows of the
Organization. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used
in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization chose to use the grant prescribed indirect cost rate when applicable.
The Organization has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform
Guidance.