Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Taeckens Terrace Non-Profit Christian Ministries under programs of the federal government for the year ended December 31, 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 Taeckens Terrace Non-Profit Christian Ministries, it is not intended to and does not present the financial position, changes in net assets, or cash flows Taeckens Terrace Non-Profit Christian Ministries.
Assistance listing number 14.157 has a balance of $6,295,400 at December 31, 2025 from a Section 202 capital advance awarded by HUD in 1998. The capital advance was recorded as a mortgage for financial statement reporting in the initial year received.
No amounts were provided to subrecipients.