Audit 331340

Title: Basis of presentation Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable, or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate allowed under theUniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal award activity of Neighborhood Housing Services Oklahoma, Inc. and Subsidiaries (the “Organization”) underprograms of the federal government for the year ended December 31, 2023. The information in thisschedule is presented in accordance with the requirements Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (the “Uniform Guidance”). Because the schedule presents only a selected portion of theoperations of the Organization, it is not intended to and does not present the financial position,changes in net assets, or cash flows of the Organization.