Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the expenditures of Northwest Real Estate Capital Corporation (an Idaho non-profit public benefit corporation) 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 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 consolidated financial statements. For purposes of the Schedule, federal awards include all subawards to the Corporation by nonfederal organizations pursuant to federal grants, contracts and similar agreements.
The following represents the amount of outstanding loans identified by AL No. Loans under ALN 10.415 are provided by USDA and loans under ALN 14.182 are provided by HUD. Both are included in the Schedule.