Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Retirement
Housing Corporation T/A Tysons Towers Apartments under programs of the federal government for the year
ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of
the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Retirement
Housing Corporation T/A Tysons Towers Apartments, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Retirement Housing Corporation T/A Tysons Towers Apartments.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule
represent adjustments or credits made in the normal course of business to amounts reported as expenditures in
prior years. Passthrough entity identifying numbers are presented where applicable. The Corporation has elected
not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected
not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.