Abilities, Inc. of Florida and Affiliates (“the Abilities Group”) consist of the following entities: Abilities, Inc. of Florida; Homes for Independence, Inc.; HFI Space Coast; Abilities at Barton’s Landing, Inc.; Abilities at Briar Cliff, Inc.; Abilities at Casablanca, Inc.; Abilities at College Pines, Inc.; Abilities at Crestview I & II, Inc.; Abilities at Cumberland Towers, Inc.; Abilities at Eagle’s Nest, Inc.; Abilities at English Park, Inc.; Abilities at Fountain Square, Inc.; Abilities at Morningside I & II, Inc.; Abilities at Parklane, Inc.; Abilities at San Juan I & II, Inc.; Abilities at Sierra Apartments, Inc.; Abilities at St. Andrew’s Cove, Inc.; Abilities at Windjammer I & II, Inc.; Abilities at Windover, Inc.; and Abilities at Woodside, Inc. The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Organization under the programs of the federal government for the year ended June 30, 2025. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. No amounts have been provided to subrecipients during the year ended June 30, 2025.
The Organization has elected to use the 10% de minimis indirect cost rate, as allowed under the Uniform Guidance.
The Organization had the following capital advances and loans outstanding at June 30, 2025, which the federal government imposes continuing compliance requirements. The balances outstanding are also included in the federal expenditures presented in the SEFA, with the following titles and amounts for the year ended June 30, 2025.
Included in Supportive Housing for Persons with Disabilities is the cumulative amount of capital advances received from the U.S. Department of Housing and Urban Development (HUD). HUD requires the Organization to comply with requirements identified in the regulatory agreements with the Organization for 40 years under the Capital Advance program.