Title: NOTE A BASIS OF PRESENTATION
Accounting Policies: 1.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. The Organization has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
2.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis
indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of AHA, under programs of the federal government for the year ended
June 30, 2024. 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 (Uniform
Guidance). Because the Schedule presents only a selected portion of the operations of
AHA, it is not intended to and does not present the financial position, changes in net assets,
or cash flows of AHA.
Excluded from the schedule are the expenditures of HUD project 127-HH004, Sunrise Court
Housing, and HUD project 127-EH022, Chancery Place LLC, wholly owned subsidiaries of
AHA, that pursuant to HUD regulations, have been previously audited as separate
organizational units as permitted by the Uniform Guidance, Section §200.514.
Title: NOTE C LOANS WITH CONTINUING COMPLIANCE REQUIREMENTS
Accounting Policies: 1.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. The Organization has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
2.Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis
indirect cost rate as allowed under the Uniform Guidance.
AHA received the loans listed below. The funds were passed through from the U.S.
Department of Housing and Urban Development. Loans outstanding at the beginning of the
year and loans made during the year are included in the federal expenditures presented in
the Schedule. The balance of loans outstanding at June 30, 2024, consisted of:
Loan Maturity
Number Property Date Balance
DL 28-255A St. Martin’s on Westlake 1/5/2028 $ 237,896
DL 28-256 St. Martin’s on Westlake 12/31/2040 102,751
KC-231-941 Max Hale 12/31/2026 300,000
D22526E/F Highland and Tucker 6/30/2034 25,530
B16MC530005 YK Building 11/30/2025 2,574,127
None Frederic Ozanam House 3/31/2059 1,244,500
None Emmons 8/2/2029 333,225
None Sumner Commons 12/1/2024 56,359
Total Community Development Block Grant Program 4,874,388
DL 32-281F Bakhita Gardens 12/31/2060 1,299,176
None Monte Cristo 12/31/2047 30,000
KC-216-95 Max Hale 12/31/2026 324,674
5-93-417-1A Max Hale 6/30/2046 579,104
None Katherine's Place 2/1/2054 885,000
6-404-005 Highland and Tucker 6/30/2048 353,579
D22526D Highland and Tucker 6/30/2034 169,787
None Kateri Court 1/31/2046 453,551
None Manresa Apartments 4/1/2050 172,000
None Sumner Townhomes 11/1/2035 112,367
Total Home Investment Partnerships Program 4,379,238
WA 01B30-4001 Monte Cristo Apartments 1/31/2026 120,000
Total Supportive Housing Program 120,000
Total $ 9,373,626