Notes to SEFA
The Project does not have sub-recipients of federal awards.
The Project did not receive any non-cash assistance.
New Pisgah Haven Homes HUD Project No. 071-EE056 did not receive any insurance assistance.
New Pisgah Haven Homes HUD Project No. 071-EE056 did not receive any additional loans or loan guarantees during the year ended May 31, 2025. Capital advance at the end of 2025 were $4,171,500.
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. Pass through entity identifying numbers are presented where available. The Project has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.