Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Salem Lodge of B'nai B'rith Housing Corporation (Corporation) and 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 the Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Corporation.
The Corporation has received a U.S. Department of Housing and Urban Development insured mortgage under Section 223(f)/207 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The Corporation received no additional loans during the year. The balance of the loan outstanding at October 31, 2025 is $2,771,849.