Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the expenditures of NHDC Sunflower Terrace, LLC (the “Organization”) under programs of the federal government for the year ended December 31, 2025. The information in the Schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. For purposes of the Schedule, federal awards include all subawards to the Organization by nonfederal organizations pursuant to federal grants, contracts, and similar agreements.
The following represents the amount of outstanding loans identified by AL No. All loans are provided by U.S. Department of Housing and Urban Development and are included in the Schedule. Prior year loans with Total Loans continuing outstanding AL received compliance loans No. Program title in 2025 requirements December 31, 2025 14.155 Section 223(f) Insured Loan $ 0 $ 3,355,297 $ 0 On July 2, 2025, the property securing the loan was sold to an unrelated party and the loan was fully paid down.