Audit 392558

NOTE A – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Housing Association of the Diocese of St. Augustine, Inc., HUD Project No. 063-EE012, and is presented on the accrual basis of accounting. 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). Because the Schedule presents only a selected portion of the operations of Housing Association of the Diocese of St. Augustine, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Housing Association of the Diocese of St. Augustine, Inc.

NOTE C - U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LOAN PROGRAM Housing Association of the Diocese of St. Augustine, Inc. has received a U.S. Department of Housing and Urban Development direct loan under Section 202 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. Housing Association of the Diocese of St. Augustine, Inc. received no additional loans during the year. The balance of the loan outstanding at December 31, 2025 consists of: CFDA Number Program Name Outstanding Balance at December 31, 2025 14.157 Section 202 Capital Advance $ 2,750,900