Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Santa Monica Christian Towers, Inc. HUD Project No. 122SH088 under programs of the federal government for the year ended December 31, 2025. The information in this schedule is presented in accordance with the audit 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 Santa Monica Christian Towers, Inc. HUD Project No. 122SH088, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Santa Monica Christian Towers, Inc. HUD Project No. 122SH088.
As of December 31, 2025, outstanding federally-funded program loans with continuing compliance requirements are as follows: Federal Assistance Listing Number: 14.157, Federal Program: Supportive Housing for the Elderly - Section 201, Earthquake Flexible Subsidy Program Loan, Outstanding Loans: $1,799,088, Loans with Continuing Compliance Requirements: $1,799,088.