Notes to SEFA
The accompanying schedule includes the federal award activity of CenterPointe, Inc. and Controlled Organization under programs of the federal government for the year ended June 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 CenterPointe, Inc. and Controlled Organization, it is not intended to and does not present the financial position, change in net position, or cash flows of CenterPointe, Inc. and Controlled Organization.
The Organization had the following amounts outstanding at June 30, 2025 under federal loan or loan guarantee programs: The note bears no interest and repayment is not required so long as the housing remains available to eligible persons in accordance with the program's requirements.
The accompanying schedule includes the activities of CenterPointe Housing Corporation I, EIN #20-5966956 and CenterPointe, Inc., EIN #47-0550702.
CenterPointe, Inc. and Controlled Organization received money passed through from multiple grantor agencies. There were no pass-through numbers identified with these grants identified.
CenterPointe, Inc. and Controlled Organization does not distinguish between federal and nonfederal revenue on the consolidated statement of activities. Revenue from multiple sources is consolidated for financial statement presentation. The calculation of the federal amounts of funding for proper presentation in the Schedule of Expenditures of Federal Awards (SEFA) are as follows:
The following schedule ties to the federal awards as stated on the SEFA schedule to the consolidated financial statements: