Notes to SEFA
At December 31, 2025, Pacific Villa Housing Development Council had the following Section 202 capital advance which is presented as a liability. The capital advance is also included in the federal expenditures presented. Program or Cluster Title: Section 202 Supportive Housing for the Elderly; Assistance Listing Number: 14.157; Amount Outstanding: $1,696,000
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Pacific Villa Housing Development 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.