Title: SUBRECIPIENTS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of Advance Housing, Inc. and Affiliates (Organization) and is presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and New Jersey Office of Management and Budget Circular Letter 15-08. 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 did not elect to use the de minimis cost rate when allocating indirect costs to programs.
During the year ended December 31, 2023, the Organization did not provide any funds relating to its programs to subrecipients.
Title: LOAN AND LOAN GUARANTEE PROGRAMS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of Advance Housing, Inc. and Affiliates (Organization) and is presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and New Jersey Office of Management and Budget Circular Letter 15-08. 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 did not elect to use the de minimis cost rate when allocating indirect costs to programs.
Advance Housing, Inc. and Affiliates had the following loan balances outstanding at December 31, 2023. Loan proceeds expended during the year are included in the schedules of expenditures of federal and state awards.
Grant/Program Title ALN Loan Term Outstanding
U.S. Department of Housing and Urban
Development
Supportive Housing for Persons
with Disabilities (AHI2000) 14.181 09/26/02-12/26/42 $ 474,300
Supportive Housing for Persons
with Disabilities (DNM) 14.181 12/22/05-12/22/45 787,500
Supportive Housing for Persons
with Disabilities (DF2) 14.181 09/27/12-03/01/53 1,488,400
Total $ 2,750,200
Township of Sparta
Demarest Farms of Lafayette (phase II) (AHI) N/A 03/25/13-03/25/43 $ 150,000
New Jersey Department of Human Services
#894-01-94 (AHI) N/A 08/26/99-01/01/19 $ 46,938
#894-03-98 (AHI) N/A 09/23/04-08/30/24 836,718
#894-01-2003 (AHI2000) N/A 08/27/02-02/24/23 20,000
DMHS #23 (AHI) N/A 11/10/09-11/01/40 291,500
Total $ 1,195,156
New Jersey Housing and Mortgage Finance
Agency
#2071/SNHTF #12 (AHI) N/A 06/28/06-10/01/36 $ 421,602
#2110/SNHTF #13 (AHI) N/A 05/26/06-06/01/36 409,099
#2136/SNHTF #46 (AHI) N/A 08/03/06-08/01/36 426,303
#2111/SNHTF #14 (AHI) N/A 08/03/06-08/01/36 582,879
#2137/SNHTF #47 (AHI) N/A 12/19/06-01/01/37 458,999
#2336/SNHTF #127 (AHI) N/A 01/24/08-02/01/38 368,653
#2362/SNHTF #140 (AHI) N/A 02/26/08-03/01/38 394,686
#2385/SNHTF #152 (HoST) N/A 06/11/08-07/01/23 422,517
#2390/SNHTF #155 (HoST) N/A 06/11/08-07/01/23 568,051
#2073/SNHTF #38 (AHI) N/A 03/31/09-04/01/39 475,351
#2158/SNHTF #66 (AHI) N/A 11/10/09-11/01/40 2,220,175
#02173/SNHTF #87 (AHI) N/A 07/08/08-07/08/38 615,792
Total $ 7,364,107
Bergen County Division of Community Development
#210-450-734-42-26 (AHI) N/A 07/21/06-07/21/21 $ 248,682
#210-450-733-42-26 (AHI) N/A 11/20/03-11/20/23 388,941
#210-450-736-42-26 (AHI) N/A 12/15/06-12/15/26 651,342
Total $ 1,288,965
New Jersey Department Community Affairs
Small Cities CDGB Program (AHI) N/A 10/15/10-10/25/25 $ 130,852
Small Cities CDGB Program (AHI) N/A 10/15/10-10/25/25 20,200
Small Cities CDGB Program (AHI) N/A 10/15/10-10/25/25 15,555
2008-02298-2958-00 Ginger Castle (AHI) N/A 02/20/09-02/20/39 401,500
Home Production Program (AHI) N/A 03/25/13-03/25/43 1,531,420
Total $ 2,099,527