The accompanying schedule of expenditures of federal, state and city awards (the “Schedule”) presents the activities in the federal, state and city financial assistance programs of Project HOME for the year ended June 30, 2025. All governmental financial assistance received directly from federal agencies as well as financial governmental assistance passed through other state and local agencies is included on the Schedule. All of the awards are used to fund the operations and maintenance of various shelter facilities and to provide medical and other services to individuals who are low income or homeless. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and the City of Philadelphia Subrecipient Audit Guide. Because the Schedule presents only a selected portion of the operations of Project HOME, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of Project HOME.
(1) The accompanying schedule of expenditures of federal, state and city awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. (2) Federal, state and city financial assistance expenditures are reported on the consolidated statements of activities and changes in net assets as contract revenue and included in the total agency expenditures. In certain programs, the expenditures reported in the basic consolidated financial statements may differ from the expenditures reported in the schedule of expenditures of federal, state and city awards due to program expenditures exceeding grant or contract budget limitations that are not included as federal, state and city financial assistance. (3) Project HOME did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
DIRECT PROGRAMS Project HOME was awarded grants for $3,367,591 from the Department of Housing and Urban Development (“HUD”) for supportive housing programs under HUD’s Continuum of Care. These grants expired at various times through July 2025. Project HOME was awarded additional grants for $4,019,845 for grants ending in 2026 from HUD to continue the supportive housing programs. Total funds expended under these grants were $3,227,407 as of June 30, 2025. INDIRECT PROGRAMS Project HOME entered into a contract with the Philadelphia Office of Homeless Services to provide Continuum of Care services. The contract provides for expanding the capacity of existing street outreach teams to provide access to the Coordinated Entry and Assessment- Based Housing Referral System (CEA-BHRS) process through both outreach and in-reach mechanisms. Total funds utilized under all Continuum of Care contracts were $123,757 for the year ended June 30, 2025. This represents allowable contract rent and salaries of $115,402 plus general and administrative charges of $8,355.
During the year ended June 30, 2011, Project HOME entered into a note payable agreement with the Redevelopment Authority of the City of Philadelphia, for a total amount not to exceed $9,203,039. As of June 30, 2024, the total amount outstanding on this loan was $9,166,357. The note proceeds were used to renovate a residential facility in North Philadelphia.
Project HOME entered into a program funded contract number 21-20005-05 with the City of Philadelphia, Department of Publich Health/Office of Behavioral Health and Intellectual Disability Services for certain programs that provide housing and supportive services to people who are homeless. The contract, consisting of federal, state and City of Philadelphia funding, is applied to several separate program activities all executed under a single contract with a total budget of $6,660,258. The total amount expended within the contract budget as of June 30, 2025 was $6,138,153. In addition, Project HOME entered into a contract with the Health Resources and Services Administration for the period February 1, 2024 through January 31, 2025 and February 1, 2025 through January 31, 2026 to provide continued operating support for primary and preventive healthcare services and its expanded offering of dental services at the Wellness Center. The total amount expended under these contracts was $1,777,569 for the year ended June 30, 2025. During the year ended June 30, 2025, Project HOME received additional funding as a result of the American Rescue Plan Act of 2021 in the amount of $165,112.
The Organization is self-insured for dental coverage and for State Unemployment Compensation (SUTA). There were 249 employees covered under the dental plan as of June 30, 2025. Project HOME incurred $97,710 in administrative fees and dental claims for the year ended June 30, 2025. The plan caps each individual employee at $1,000 per year and caps families at $2,500 per family. The maximum insurance coverage for Project HOME is $340,500 per plan year. All employees are covered for SUTA. There were 469 employees at June 30, 2025. Project HOME incurred $260,581 in administrative fees and claim deposits for the year ended June 30, 2025. The Organization has $1,000,000 in coverage and a stop loss attachment point of $704,770 for a total stop loss limit of $1,704,770.