Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of King Hill Apartments, Inc. (the Organization) under programs of the federal government for the year ended March 31, 2025. 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
The balance of the Supportive Housing for the Elderly loan, Section 202 as of March 31, 2025 was $1,517,700.