Notes to SEFA
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDE THE FEDERAL AWARD ACTIVITY OF LEAP CHARITIES, INC. 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 LEAP CHARITIES, INC., IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET ASSETS, OR CASH FLOWS OF LEAP CHARITIES, INC.
THE ORGANIZATION HAD THE FOLLOWING LOAN BALANCES OUTSTANDING AT DECEMBER 31, 2025. THE LOAN BALANCES HAVE CONTINUING COMPLIANCE REQUIREMENTS AND ARE ALSO INCLUDED IN THE FEDERAL EXPENDITURES PRESENTED IN THE SCHEDULE. THE HOUSING TRUST FUND - WINDY COURT 1 PROGRAM (ALN 14.275) HAD AN OUTSTANDING LOAN BALANCE OF $954,544. THE HOUSING TRUST FUND - WINDY COURT 2 PROGRAM (ALN 14.275) HAD AN OUTSTANDING LOAN BALANCE OF $284,255. THE HOUSING TRUST FUND - 4322 & 4330 TAFT PROGRAM (ALN 14.275) HAD AN OUTSTANDING LOAN BALANCE OF $297,685. THE CDBG - ENTITLEMENT GRANTS CLUSTER - WINDY COURT 2 PROGRAM (ALN 14.218) HAD AN OUTSTANDING LOAN BALANCE OF $852,761. THE CDBG - ENTITLEMENT GRANTS CLUSTER - 2202 ARIES PROGRAM (ALN 14.218) HAD AN OUTSTANDING LOAN BALANCE OF $508,084. THE CDBG - ENTITLEMENT GRANTS CLUSTER - 921 SHAMROCK HOUSE PROGRAM (ALN 14.218) HAD AN OUTSTANDING LOAN BALANCE OF $314,925. THE HOME INVESTMENT PARTNERSHIPS PROGRAM - 4322 & 4330 TAFT PROGRAM (ALN 14.239) HAD AN OUTSTANDING LOAN BALANCE OF $297,719. THE TOTAL OUSTANDING LOAN BALANCES AT DECEMBER 31, 2025 WERE $3,509,973.