Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the expenditures on an accrual basis of Mid-Peninsula Oroysom Senior Housing, Inc. (A California non-profit public benefit corporation) under programs of the federal government for the year ended December 31, 2025. The information in the Schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the financial statements. For purpose of the Schedule, federal awards include all subawards to Mid-Peninsula Oroysom Senior Housing, Inc. by nonfederal organizations pursuant to federal grants, contracts and similar agreements.
The accompanying Schedule includes $3,464,224 in expenditures from prior years for which continuing compliance is required.
The following represents the amount of outstanding forgivable loans identified by AL No. All loans are provided by HUD and are included in the Schedule. AL No. 14.157 Program title Supportive Housing for the Elderly (Section 202) Prior year loans with continuing compliance requirements $3,275,300 Loans received in 2025: $3,275,300 Total outstanding loans: $3,275,300