Notes to SEFA
The schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Rowayton Senior Housing Corporation (the “Organization”) 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 the 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 the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
The Organization has a mortgage payable with a balance outstanding of $2,115,795 at September 30, 2025. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The Organization received no additional loans during the year.