Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of International Place Council (the Organization) 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 operation of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
At December 31, 2025, International Place Council had the following Supportive Housing for the Elderly - Section 202 capital advance and CDBG funds which are presented within the net assets with donor restrictions. The capital advance and CDBG funds are also included in the federal expenditures presented. Program or Cluster Title/Assistance Listing Number/Amount Outstanding: Supportive Housing for the Elderly - Section 202 Capital Advance/14.157/$5,439,500; Community Development Block Grants/14.218/$232,000.