Notes to SEFA
The accompanying schedule of expenditures of federal awards ("Schedule") includes the expenditures on an accrual basis of Bayview Senior Housing Inc., HUD Project No. 121-EE122-NP-WAH, 121-EE69, (a California non-profit public benefit 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 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.
Bayview Senior Housing Inc. has received a U.S. Department of Housing and Urban Development direct loan under Section 202 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Bayview Senior Housing Inc. received no additional loans during the year. The balance of the loan outstanding at December 31, 2025 consists of: Outstanding Assistance Listing Balance at Number Program Name December 31, 2025 14.157 Section 202 Supporting Housing for the Elderly – direct loan $ 5,038,500