Notes to SEFA
Title: Basis of presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards and OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowed. Assistance Listing numbers (“AL No.”) are provided when available.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the expenditures on an accrual
basis of Community HousingWorks (a California non-profit public benefit corporation) and Affiliates under programs of
the federal government for the year ended December 31, 2024. The information in the Schedule is presented in accordance
with the requirements of Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal
Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation
of the basic consolidated financial statements.
For purposes of the Schedule, federal awards include all sub awards to the Organization by nonfederal organizations pursuant
to federal grants, contracts and similar agreements.
Title: Outstanding federal loans
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards and OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowed. Assistance Listing numbers (“AL No.”) are provided when available.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate.
The following represents the amount of outstanding loans identified by AL No. All loans are provided by HUD and are
included in the Schedule.
Prior year
loans with
Loans continuing Total
AL received compliance outstanding
No. Program title in 2024 requirements loans
14.239 HOME Investment
Partnerships Program $ - $ - $ 321,355