Title: Reporting Entity
Accounting Policies: The accompanying schedule of expenditures of federal awards relates only to federally funded financial assistance programs administered by Catholic Charities. These programs are subject to the accounting policies and procedures adopted by Catholic Charities, which conform to U.S. general accepted accounting principles. Expenditures are recognized on the accrual bases as incurred and are determined using the cost principles in Uniform Guidance Section 200.502. The information in this schedule is presented in accordance with the audit requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the combined financial statements.
De Minimis Rate Used: N
Rate Explanation: Catholic Charities has not elected to use the 10% de minimis cost rate as discussed in Uniform Guidance Section 200.414.
Associated Catholic Charities, Inc. and affiliated organizations’ (Catholic Charities) combined financial statements include all organizations operating under the auspices of Associated Catholic Charities, Inc. including the operations of 19 United States Department of Housing and Urban Development (HUD) projects (Aberdeen Senior Housing, Inc.; Owings Mills Senior Housing, Inc.; Reisterstown Gardens Senior Housing, Inc.; Reisterstown Village Senior Housing, Inc.; St. Charles House, Inc.; St. Luke’s Apartments, Inc.; Trinity House Apartments, Inc.; Woodlawn Senior Housing, Inc.; Backbone Housing, Inc.; The Bethany Community, Inc.; Coursey Station Apartments, Inc.; DePaul House, Inc.; Glen Burnie Senior Housing, Inc.; Odenton Senior Housing, Inc.; Abingdon Senior Housing, Inc.; Odenton Senior Housing II, Inc.; OLF Senior Housing, Inc.; OLF Senior Housing II, Inc.; and Village Crossroads Senior Housing II, Inc.) and two tax credit limited partnerships that receive HUD funding (Village Crossroad Senior Housing Limited Partnership and Basilica Place Limited Partnership). Each project referred to above is a separate reporting entity for federal awards and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) purposes. Expenditures of federal awards under the Assistance Listing (AL) Number 14.195, Section 8 Housing Assistance Payments, related to the projects referred to above aggregated to $10,826,699 in federal awards for the year ended June 30, 2024, and are excluded from the accompanying schedule of expenditures of federal awards. Additionally, the HUD projects referred to above have outstanding loan balances due to HUD aggregating $96,270,147 as of June 30, 2024, under AL No. 14.157, Supportive Housing for the Elderly (Section 202). The outstanding loans have continuing compliance requirements and have also been excluded from the accompanying schedule of expenditures of federal awards because they received the funds directly from HUD, or passed through from Associated Catholic Charities, Inc., (Village Crossroads Senior Housing Limited Partnership) and, as noted in the preceding paragraph, are audited separately. In addition, the HUD Projects expended $15,755 in federal awards under AL No. 21.019, Coronavirus Relief Fund, which has also been excluded from the accompanying schedule of expenditures of federal awards.