Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of The Bridge, Inc. and Weston United Community Renewal, Inc. (collectively the “Agency”) 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 the Agency, it is not intended to and does not represent the financial position, changes in net assets, or cash flows of the Agency.
Due to reporting requirements associated with the Department of Housing and Urban Development for Federal Assistance Listing number 14.181, separate audited financial statements under the Uniform Guidance were issued for the entities identified below, all of which are affiliates of The Bridge Inc., for the year ended June 30, 2025. Amounts not included in the Schedule are as follows: Entity Total Federal Expenditures 323 Houson Street Corporation $1,675,425 13 West 103rd Street Corporation 1,880,098 118 East 111th Street Corporation 2,161,451 Sheridan Hill House Corporation 2,838,953 1347 Morris Avenue Corporation 2,233,836 Bridge House #11 Corporation 3,420,691 $14,210,454