Notes to SEFA
The Schedule of Expenditures of Federal Awards (“SEFA”) includes the federal grant activity of Neighborhood Partnership Housing Services, Inc. and Affiliates under programs of the federal and local government for the year ended June 30, 2025. The federal information in this schedule is presented in accordance with the regulations of Uniform Grants Guidance, 2 CFR Part 2000, Subpart F. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the presentation of the consolidated financial statements.
The Organization receives federal awards from pass-through agencies. The total amount of such pass-through awards is included on the Schedule.
Loans made (loans receivables) from funds received from federal agencies in the form of grants are included in the federal expenditures presented on the SEFA in the year the loans are made. Repayments of principal and interest related to loans receivable made from federal awards are included on the SEFA as program income. At the beginning of the year outstanding loan balances (notes payable) that require significant continued compliance monitoring are included in the federal expenditures presented on the SEFA. The proceeds of loans that were received and expended in prior years are not considered federal awards expended when the laws, regulations, and the provisions of contracts or grant agreements pertaining to such loans impose no continuing compliance requirements other than to repay the loans and have been excluded from the SEFA.