Notes to SEFA
Ntoe 1 in FS - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mount Carmel Senior Housing Development Fund Corporation, FHA Project No.: 012-EE277 (the Corporation), under programs of the federal government for the year ended June 30, 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 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 without donor restrictions and net assets with donor restrictions, or cash flows of the Corporation.