The accompanying consolidated schedules of expenditures of federal awards and state financial assistance presents the activity of all federal awards and state financial assistance programs of the Organization. The Organization is defined in Note 1 of the basic consolidated financial statements. The information in this 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 (Uniform Guidance) and New Jersey OMB’s Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. All federal awards and state financial assistance received directly from federal, state agencies, as well as federal awards and state financial assistance passed through other government agencies, is included on the consolidated schedules of expenditures of federal awards and state financial assistance.
Amounts reported in the accompanying schedules agree with amounts reported in the related financial reports. Awards and financial assistance revenues are reported in the Organization’s basic consolidated financial statements as presented as follows: Rental revenue - HUD group homes $619,497, Capital advancves (see Note 7) $ 738,000, Mortgages payable (see Note 7) $194,799, State Financial assistance $3,080,337, Total Grants $ 4,632,633.
Amounts reported in the accompanying schedules agree with the amounts reported in the related federal and state financial reports.
Each of the grantor agencies reserves the right to conduct additional audits of the Organization’s grant program for economy, efficiency and program results. However, the Organization’s administration does not believe such audits would result in material amounts of disallowed costs.
Major programs are identified in the Summary of Auditor’s Results section of the Schedule of Findings and Questioned Costs.
The balances on the HUD insured mortgages and capital advances are as follows as of June 30, 2025: HUD Insured Mortgage 6/30/24 Balance - Principal Payments - 6/30/25 Balance. Alexandria Group Home $25,101 - $25,101 - $0. Bergerville Group Home $72,206 - $23,356 - $48,850. Church Lane Group Home $72,323 - $23,405 - $48,918. East Main Street Group $25,169 - $25,169 - $0. Total Mortgages: $194,799 - $97,031 - $97,768. HUD Capital: Farmingdale Group Home $ 344,500 - $0 - $344,500. Newman Springs Group Home $393,500 - $0 - $393,500. Total Capital Advanes $ 738,00 - $0 - $738,000. TOTAL CAPTIAL FUNDING: $932,799 - $97,031 - $835,768.