Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Church of Christ Non-Profit Housing Corporation d/b/a Church of Christ Senior Housing, Inc. (the Organization), HUD Project No. 044-11129, 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 . Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not purport to present the financial position, changes in net assets, or cash flows of the Organization.
The following schedule reconciles the insured mortgage loan per the statement of financial position as of December 31, 2025, to the schedule of expenditures of federal awards (SEFA). Insured mortgage loan per statement of financial position Short-term portion $ 68,731 Long-term portion 1,513,217 Total loan payable as of December 31, 2025 $1,581,948 Add back principal payments made during 2025 66,205 Total insured mortgage loan per SEFA $ 1,648,153
The following schedule reconciles the grants and contract revenue of the Organization per the statement of activities as of December 31, 2025, to the schedule of expenditures of federal awards (SEFA). Total operating revenue per the statement of activities $ 625,415 Less rental income from residents (237,138) Total Section 8 per SEFA $ 388,277