Notes to SEFA
The accompanying schedule of expenditures of federal awards (the 'Schedule') includes the federal award activity of Agape Retirement Home, Inc., under programs of the federal government for the year ended September 30, 2025. 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 Agape Retirement Home, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Agape Retirement Home, Inc.
Agape Retirement Home, Inc. had the following loan balances outstanding as of September 30, 2025: Program Title: Mortgage insurance for the Purchase or Refinance of existing Multifamily Housing Projects (Section 223(f)/207) Insured Loan; Assistance Listing Number: 14.155; Amount Outstanding: $845,356.