Notes to SEFA
The accompanying schedule of federal awards ("schedule") includes the federal award and loan activity of the Organization under programs of the federal government for the year ended July 31, 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"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
For the year ended July 31, 2025, the Organization provided no funds to subrecipients.
The Organization holds a mortgage refinanced under Section 221 d(4) pursuant to the National Housing Act. The mortgage balance outstanding at the beginning of the year was $5,444,981. The Organization made monthly payments during the fiscal year and the mortgage balance at July 31, 2025 was $5,351,553.