The Schedule includes the federal grant activity of Way Finders under programs of the Federal government for the year ended June 30, 2025. The information in the Schedule is presented in accordance with the requirements of the (Uniform Guidance). Because the Schedule presents only a selected portion Way Finders’ operations, it is not intended to and does not present the financial position, changes in net assets or cash flows of Way Finders.
COMMUNITY DEVELOPMENT BLOCK GRANT (CFDA #14.218) - THE COMMUNITY DEVELOPMENT BLOCK GRANT LOAN WHICH WAS RECEIVED IN A PRIOR FISCAL YEAR, IS INCLUDED ON THE SCHEDULE AT ITS OUTSTANDING BALANCE AS OF JULY 1, 2024 AS IT INCLUDES CONTINUING COMPLIANCE REQUIREMENTS. DURING 2025, NO ADDITIONAL PROCEEDS WERE RECEIVED OR PAYMENTS MADE. AT JUNE 30, 2025, THE LOAN BALANCE WAS $170,000. MICROLOAN PROGRAM (CFDA #59.046) FEDERAL AWARDS IN THE FORM OF LOANS FROM THE SMALL BUSINESS ADMINISTRATION (SBA) ARE INCLUDED ON THE SCHEDULE AT THEIR OUTSTANDING BALANCES AS OF JULY 1, 2024 PLUS ANY NEW PROCEEDS RECEIVED DURING FISCAL YEAR 2025 AS THEY INCLUDE CONTINUING COMPLIANCE REQUIREMENTS. THE ACTIVITY ON THESE LOANS FOR THE YEAR ENDED JUNE 30, 2025 IS AS FOLLOWS: LOAN #702-510-5007 SBA, BALANCE JULY 1, 2024 $18,242, PROCEEDS RECEIVED $0, PAYMENTS MADE $18,242, BALANCE JUNE 30, 2025 $0; LOAN #960-371-5003 SBA, BALANCE JULY 1, 2024 $219,663, PROCEEDS RECEIVED $0, PAYMENTS MADE $68,464, AND BALANCE JUNE 30, 2025 $151,199; LOAN #365-889-7003 SBA, BALANCE JULY 1, 2024 $334,981, PROCEEDS RECEIVED $0, PAYMENTS MADE $64,527, AND BALANCE JUNE 30, 2025 $270,454; LOAN #839-167-8202 SBA, BALANCE JULY 1, 2024 $570,370, PROCEEDS RECEIVED $0, PAYMENTS MADE $88,889, AND BALANCE JUNE 30, 2025 $481,481; AND LOAN #537-107-9107 SBA, BALANCE JULY 1, 2024 $500,000, PROCEEDS RECEIVED $0, PAYMENTS MADE $20,342, AND BALANCE JUNE 30, 2025 $479,658. 7(A) LOAN GUARANTEES (CFDA #59.012) THE SBA HAS GUARANTEED BETWEEN 75% AND 90% OF QUALIFYING OUTSTANDING BALANCES ON LOANS RECEIVABLE MADE BY COMMON CAPITAL, INC. THE FEDERAL AWARD EXPENDITURES REPORTED ON THE SCHEDULE IS EQUAL TO THE OUTSTANDING GUARANTEES AT JULY 1, 2024 PLUS ANY ADDITIONAL GUARANTEES MADE DURING THE YEAR ENDED JUNE 30, 2025. AT JUNE 30, 2024, THE GUARANTEES COVERED $2,260,884 OF $2,844,592 QUALIFYING LOANS. AT JUNE 30, 2025, THE GUARANTEES COVERED $2,685,333 OF $3,347,618 QUALIFYING LOANS. SBA PROVIDED AN ADDITIONAL $791,650 IN GUARANTEES FOR $963,000 IN NEW LOANS MADE DURING THE YEAR ENDED JUNE 30, 2025.
IN ACCORDANCE WITH THE U.S. OFFICE OF MANAGEMENT AND BUDGET (OMB) COMPLIANCE SUPPLEMENT FOR THIS PROGRAM, EXPENDITURES REPORTED ON THE SCHEDULE ARE CALCULATED AS FOLLOWS: AWARD #01-79-14260, REVOLVING LOAN FUND PRINCIPAL AT JUNE 30, 2025 $647,727, REVOLVING LOAN FUND CASH AND INVESTMENT BALANCES AT JUNE 30, 2025 $47,978, ADMINISTRATIVE EXPENSES PAID OUT OF THE REVOLVING LOAN FUND DURING FISCAL YEAR 2025 $6,231, TOTAL PROGRAM EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2025 $701,936, FEDERAL SHARE OF THE REVOLVING LOAN FUND 80%, FEDERAL EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2025 $561,549; AND AWARD #01-79-08851, REVOLVING LOAN FUND PRINCIPAL AT JUNE 30, 2025 $822,925, REVOLVING LOAN FUND CASH AND INVESTMENT BALANCES AT JUNE 30, 2025 $148,375, ADMINISTRATIVE EXPENSES PAID OUT OF THE REVOLVING LOAN FUND DURING FISCAL YEAR 2025 $8,807, TOTAL PROGRAM EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2025 $980,107, FEDERAL SHARE OF THE REVOLVING LOAN FUND 50%, FEDERAL EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2025 $490,054.