Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Longfellow Non-Profit Housing, Inc., (HUD Project No.: 023-EE078), under a program 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 Longfellow Non-Profit Housing, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Longfellow Non-Profit Housing, Inc. For the year ended December 31, 2025, no awards were passed through to subreceipts.
Longfellow Non-Profit Housing, Inc. has received a capital advance from the U.S. Department of Housing and Urban Development. The capital advance balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Longfellow Non-Profit Housing, Inc. received no additional loans during the year. The balance of the loan outstanding at December 31, 2025 consists of Federal Assistance Listing Number 14.157; Program Name - Section 202 Capital Advance; Outstanding Balance at December 31, 2025 - $3,832,300.