Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Good Shepherd Housing Corporation 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 Good Shepherd Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Good Shepherd Housing Corporation.
Good Shepherd Housing Corporation has received a U.S. Department of Housing and Urban Development capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Good Shepherd Housing Corporation received no additional advances during the year. The balance of the capital advance outstanding at December 31, 2025 consists of