Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Neighborhood Housing Services of Baltimore, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of the Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Cost Principles, and Audit Requirements for Federal and Non-Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from the amounts presented in, or used in the presentation of, the basic financial statements.
The accompanying schedule of expenditures of federal awards shows the balances as of September 1, 2024 plus amounts received during 2025 for the loans payable. The following is a summary of the loan balances as of August 31, 2025: ALN: 14.218; Name of Program: Community Development - Block Grants/Entitlement Grant; Balance as of 8/31/2024: $6,110,673; New Issuances: $402,865; Repayments: ($567,587); Forgiveness: $-0-; Balance as of 8/31/2025: $5,945,951. ALN: 21.020; Name of Program: Community Development Financial Institutions Program; Balance as of 8/31/2024: $3,337,554; New Issuances: $872,607; Repayments: $-0-; Forgiveness: $-0-; Balance as of 8/31/2025: $4,210,161. ALN: 21.011; Name of Program: Capital Magnet Fund; Balance as of 8/31/2024: $5,254,753; New Issuances: $863,000; Repayments: ($151,500); Forgiveness: $-0-; Balance as of 8/31/2025: $5,966,253. Total: Balance as of 8/31/2024: $14,702,980; New Issuances: $2,138,472; Repayments: ($719,087); Forgiveness: $-0-; Balance as of 8/31/2025: $16,122,365.