HumanGood is a California nonprofit public benefit tax-exempt corporation providing housing, health care and supportive services for seniors through its life plan communities (LPCs) and affordable housing communities. HumanGood is the sole member of HumanGood Cornerstone, HumanGood Fresno (dba Terraces at San Joaquin Gardens, TSJG), HumanGood SoCal (SoCal) and HumanGood NorCal (NorCal). NorCal, SoCal and TSJG form the HumanGood California Obligated Group. HumanGood Cornerstone, a California nonprofit public benefit tax-exempt corporation, is the sole member and exercises its direction and control through the appointment of the Boards of Directors of of HumanGood Arizona, Inc. (dba Terraces of Phoenix, TOP), HumanGood Washington (dba Judson Park, JP), HumanGood Nevada (dba Las Ventanas), HumanGood Idaho (dba Terraces of Boise), HumanGood East, HumanGood Affordable Housing, West Valley Nursing Homes, Inc. (dba The Terraces at Summitview) including its subsidiary, HG Hillside LLC, Springhouse, Inc., Mount Pleasant Home, HG Perennial LLC and, effective December 31, 2025, HumanGood Foundation (Foundation). Federal funds were received in an award from the U.S. Department of Homeland Security, Federal Emergency Management Agency passed through the California Governor's Office of Emergency Services (CalOES) for expenses incurred at the LPCs included in the California Obligated Group. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of HumanGood (the Corporation) 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 the Corporation, it is not intended to and does not present the financial position, changes in net assets cash flows of the Corporation.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Corporation has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a project worksheet and that there have been eligible expenditures incurred for the approved project prior to reporting this program on the Schedule. In accordance with FEMA's guidance, the expenditures reported on the current year Schedule relate to amounts incurred and reported in the consolidated financial statements of the Corporation for the years ended December 31, 2023, 2022, 2021 and 2020.
The Corporation evaluated subsequent events for recognition or disclosure through March 20, 2026, the date the Schedule was available to be issued.