Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Cloverfield-Kingston House, HUD Project No. 034-11133/PA26-T781-002, under programs of the federal government for the year ended June 30, 2025. 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 Cloverfield-Kingston House, it is not intended to and does not present the financial position, changes in net deficit, or cash flows of Cloverfield-Kingston House.
Cloverfield-Kingston House has received a loan under a U.S. Department of Housing and Urban Development program. The outstanding loan balance at the beginning of the year is included in federal expenditures presented in the Schedule. Cloverfield-Kingston House received no additional loans during the year. The outstanding loan balances at June 30, 2025 consists of: Assistance Listing Number, 14.155; Program Name, Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects; Outstanding Balance, $3,744,584.
Cloverfield-Kingston House did not pass any amounts to subrecipients during the year ended June 30, 2025.