Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Alameda Gardens, Inc., HUD Project No. 033‑EE145, under programs of the federal government for the year ended September 30, 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 select portion of the operations of Alameda Gardens, Inc., it is not intended to and does not present the financial position, changes in net assets (deficit), or cash flows of Alameda Gardens, Inc.
Alameda Gardens, Inc., has elected not to use the 15 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has a capital advance under Section 202 of the National Housing Act. The capital advance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The Organization received no additional advances during the year. The balance of the capital advance outstanding at September 30, 2025, was $ 3,479,600.