The accompanying schedule of expenditures of federal awards includes the federal grant activity of Young Women’s Christian Association El Paso Del Norte Region (the Association) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Total federal financial assistance $ 41,707,521 CDBG Forgivable loans passed through the City (3,658,254) HOME Investment Partnership Program (580,072) Local and state funding financial assistance 5,342,509 Total funded services $ 42,811,704
The entity had in effect for the fiscal year ended August 31, 2025, the following insurance coverage: Property $ 29,399,153 Officers and Directors 2,000,000 General Liability 1,000,000/3,000,000
The awarded amount of $370,000 from the U.S. Department of Housing and Urban Development is a grant note payable to the YWCA Community Development Corporation (related party), which was assumed by the Association, over thirty years in monthly installments beginning February 2008 that will be forgiven monthly as long as the Association is in compliance with grant terms. The awarded amount of $352,000 from the U.S. Department of Housing and Urban Development is a loan note payable to the YWCA Community Development Corporation (related party), which was assumed by the Association, over thirty years in monthly installments at zero interest rate beginning February 2008 as long as the Association is in compliance with loan terms. On September 1, 2013, the YWCA Community Development Corporation dissolved and terminated the Corporation and the Association accepted the Corporation’s assets on its dissolution and assumed its liabilities, contractual obligations and grants of the Corporation.
The awarded amount of $1,473,166 from the U.S. Department of Housing and Urban Development that was passed through the City of El Paso is a loan note payable to the YWCA made in June 5, 2020. The full amount of the loan, $1,473,166, was drawn on the note as of August 31, 2025 (see Note 10). The awarded amount of $1,387,949 from the U.S. Department of Housing and Urban Development that was passed through the City of El Paso is a loan note payable to the YWCA made in March 10, 2022. The full amount of the loan, $1,387,949, was drawn on the note as of August 31, 2025 (see Note 10).
The awarded amount of $980,000 from the U.S. Department of the Treasury that was passed through the City of El Paso is a loan note payable to the YWCA made in August 29, 2023. The amount drawn on the note is $797,139 as of August 31, 2025 (see Note 10).
The Association did not elect to use the allowed 15% indirect cost rate.