Notes to SEFA
The accompanying schedule of expenditures of federal awards and schedule of expenditures of state financialassistance (the "Schedules") include the federal award and state financial assistance activity of Community Hope,Inc. and Affiliates under programs of the federal and state government for the year ended June 30, 2025. Theinformation in these Schedules is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards ("Uniform Guidance") and State of New Jersey, Department of the Treasury, OMB Policy Circular 25-12-OMB ("NJ Circular 25-12-OMB"). Because the Schedules present only a selected portion of the operations ofCommunity Hope, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in netassets, or cash flows of Community Hope, Inc. and Affiliates.
Community Hope, Inc. and Affiliates is financed by mortgage loans guaranteed by U.S. Housing and UrbanDevelopment with a total remaining balance in the amount of $2,614,900 as of June 30, 2025. The loan balanceoutstanding as of the beginning of the year is included in the schedules of expenditures of federal awards. Themortgage is secured by the property of Community Hope, Inc. and Affiliates. Additional details related to themortgage loans are as follows: