Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant and loan activity of Community Roots Housing (CRH) 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 CRH, it is not intended to and does not present the financial position, changes in net position, or cash flows of CRH.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. CRH did not utilize the de minimis indirect cost rate during the year ended December 31, 2025.
CRH had the following loan balances outstanding at December 31, 2025. The loan balances outstanding are also included in the federal expenditures presented in the Schedule. Assistance Listing Amount Number Outstanding Community Development Block Grants/Entitlement Grants 14.218 $ 2,623,499 Rental Rehabilitation Program 14.230 $ 480,000 HOME Investment Partnerships Program 14.239 $ 2,573,836