Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Jersey City UAW Senior Citizens Housing Company, Inc., HUD Project No. 031-11077. 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 Jersey City UAW Senior Citizens Housing Company, Inc., HUD Project No. 031-11077, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jersey City UAW Senior Citizens Housing Company, Inc., HUD Project No. 031-11077.
No federal awards were provided to sub-recipients.
Jersey City UAW Senior Citizens Housing Company, Inc., HUD Project No. 031-11077 has received a U.S. Department of Housing and Urban Development 223(f) direct loan of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule of Expenditures of Federal Awards. The Corporation received no additional loans during the year. The balance of the loan outstanding at September 30, 2025 is $3,426,437.
Dollar threshold used to distinguish between Type A and Type B programs is $1,000,000. Single Audit expenditure threshold requirement is $1,000,000.