Notes to SEFA
The schedule of expenditures of federal awards (the Schedule) presents the activity of federal award programs of Diakon and Controlled Affiliates (collectively, the Corporation) for the year ended December 31, 2024, with the exception of Diakon Lutheran Senior Housing at Heilman House, Diakon Lutheran Senior Housing at Luther Meadows, Diakon Lutherwood Senior Housing LLC and Diakon Frostburg Senior Housing, LLC (the HUD Entities). The HUD entities expended $14,022,437 in federal awards for the year ended December 31, 2024 and are not included in the Schedule as each HUD entity issued individual financial statements that include a schedule of expenditures of federal awards to comply with the requirements of the U.S. Department of Housing and Urban Development. 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 Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Corporation.