Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Brighton-Allston Elderly Homes, 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 Brighton-Allston Elderly Homes, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Brighton-Allston Elderly Homes, Inc.
The federal loan program listed below is administered directly by Brighton-Allston Elderly Homes, Inc., and balances and transactions relating to this program is included In Brighton-Allston Elderly Homes, Inc., Inc.'s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding as of December 31, 2025 consists of $19,305,886 for the Mortgage Insurance for the Purchase or Refinance of Existing Multifamily Housing Projects - Section 223(f) program (federal assistance listing number 14.155).