Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Presbyterian Home, Quitman, Inc. under programs of the federal government for the year ended December 31, 2025. The information in the 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 Presbyterian Home, Quitman, Inc., it is not intended to and does not present the financial position, changes in net (deficit), or cash flows of Presbyterian Home, Quitman, Inc.
Presbyterian Home, Quitman, Inc. did not provide any federal awards to subrecipients during the year ended December 31, 2025.
Presbyterian Home, Quitman, Inc. has received a U.S. Department of Housing and Urban Development Section 232/223(a)(7) insured loan. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Presbyterian Home, Quitman, Inc. had the following balance outstanding on the loan at December 31, 2025: Cluster/Program Title Outstanding Assistance Listing Number Balance (1) U.S. Department of Housing and Urban Development Section 232/223(a)(7) Insured Mortgage Balance 14.129 $ 5,654,266