Notes to SEFA
The schedule of expenditures of federal awards presents the activities of the federal award program expended by Worthington Senior Housing, Inc. The Organization’s reporting entity is defined in Note 1 to the financial statements.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Buffalo Ridge Apartments, the project of Worthington Senior Housing, Inc. (HUD Project No. 092-EE125) 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 Organization, it is not intended to and does not present the financial position, the activities, functional expenses, or cash flows of the Organization.
Worthington Senior Housing, Inc. did not provide loan programs or loan guarantee programs, accordingly, there are no year-end loan balances.
Worthington Senior Housing, Inc. did not receive any donated federally funded personal protective equipment.