Notes to SEFA
The loan balances in the schedule of expenditures of federal awards reflect the maximum amount of federal awards outstanding during the year for which there are continuing compliance requirements. The Organization has the following loan balances: Assistance Listing Description Original Loan Amount Balance at July 1, 2024 Additional Loan Funding/ (Payments Made) Balance at June 30, 2025 14.157 Supportive Housing for the Elderly Capital Advance $ 3,616,500 $ 3,616,500 $ - $ 3,616,500
Expenditures incurred by the Organization are subject to audit and possible disallowance by federal agencies. Management believes that, if audited, an adjustment for disallowed expenses would be immaterial.