Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of the Home 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 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 the Home, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the Home. All financial assistance received directly from the Federal agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations is included on the Schedule.
For the U.S. Department of Homeland Security ("DHS") awards related to the Disaster Grant - Public Assistance (Presidentially Declared Disasters), also known as Federal Emergency Management Agency ("FEMA"), DHS has indicated the amounts reported on the Schedule should correspond to the reporting requirements of the DHS and be submitted to the Division of Homeland Security and Emergency Services New York ("DHSES NY"). Payments from DHS for FEMA are assigned to a period of performance based on the date that payments from the DHS are received. Entities report the payment received and applicable expenditures to the state after the period of performance deadline to use the funds. The Schedule includes $481,149 received from FEMA during the year ended December 31, 2024 and was permitted to be applied to allowable expenses incurred during the disaster period between January 20, 2020 and May 11, 2023. In accordance with guidance from DHS, these amounts are presented as one period of performance. Such amounts were recognized as Grant income in the consolidated financial statements in the year ended December 31, 2024 from Jewish Home Lifecare, Sarah Neuman Center, Westchester