Notes to SEFA
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Postgraduate Center for Mental Health, Inc. (the “Organization”) 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, changes in net assets or cash flows of the Organization.
For the year ended June 30, 2025, the Organization did not receive any non-cash awards, mortgage, or loan funds that should be included in the federal expenditures presented in this Schedule.
Due to reporting and regulatory requirements associated with the Department of Housing and Urban Development for Federal Assistance Listing Numbers 14.181 and 14.195, separate audited financial statements under the Uniform Guidance were issued for Postgraduate Center Residence II of New York, Inc. and Postgraduate Center West 98th Street Residence, Inc., both of which are subsidiaries of the Organization. In addition, Postgraduate Center Residence, Inc. received approximately $454,000 in federal awards and therefore does not require an audit in accordance with the Uniform Guidance. Amounts not included in the above Schedule are as follows: Federal Assistance Total Listing Federal Number Expenditures Postgraduate Center Residence, Inc. 14.181 $149,934 Postgraduate Center Residence, Inc. 14.195 303,981 Postgraduate Center Residence II of New York, Inc. 14.181 876,464 Postgraduate Center Residence II of New York, Inc. 14.195 496,151 Postgraduate Center West 98th Street Residence, Inc. 14.181 1,889,886 $3,716,416