Audit 35004

Title: Loan/loan guarantee outstanding balances Accounting Policies: This summary of significant accounting policies of Ysleta Senior Housing, Inc. is presented to assist in understanding Ysleta Senior Housing, Inc.s Schedule of Expenditures of Federal Awards. The Schedule and notes are representations of Ysleta Senior Housing, Inc.s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal Awards is prepared using the accrual basis of accounting. Sub-Recipients There were no sub-recipients of the Federal Awards received by Ysleta Senior Housing, Inc. for the year ended March 31, 2022. Indirect Costs Ysleta Senior Housing, Inc. does not currently have a negotiated indirect cost reimbursement rate approved by a Federal Cognizant Agency; therefore, the Organization has elected to use the de minimis rate of 10% of modified total direct costs as an indirect cost allocation factor, as allowed under 2C.F.R. ?200.414. De Minimis Rate Used: Y Rate Explanation: Ysleta Senior Housing, Inc. does not currently have a negotiated indirect cost reimbursement rate approved by a Federal Cognizant Agency; therefore, the Organization has elected to use the de minimis rate of 10% of modified total direct costs as an indirect cost allocation factor, as allowed under 2C.F.R. ?200.414. SUPPORTIVE HOUSING FOR THE ELDERLY (SECTION 202) (14.157) - Balances outstanding at the end of the audit period were 1966800.