Notes to SEFA
The Organization did not receive any federal non-cash awards during the year ended June 30, 2024. The Organization do not have any sub-recipients for the year ended June 30, 2024.
In 2024, a loan of $7,000,000 was received from the U.S. Department of Treasury under Assistance Listing Number 21.027, passed through Cook County, to purchase an interim housing building in Evanston, Illinois. The loan is 0% interest with thirty-year maturity. The loan requires the Organization to provide assistance to individuals experiencing homelessness in Cook County. Principal will be forgiven at maturity. As of June 30, 2024, the building was purchased, and the property is being used to provide assistance to individuals.
In May, 2025, the Organization realized that they under reported the federal dollar amounts on the schedule by approximately $406,000 due to an oversight in not realizing one of their state grants was federally funded instead of state funded.