Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Fort Worth Area Habitat for Humanity, Inc. dba Trinity Habitat for Humanity (“Habitat”) 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 operations of Habitat, it is not intended to, and does not, present the financial position, changes in financial position, or cash flows of Habitat.
Federal and state awards revenues are reported in Habitat’s basic financial statements as follows: See the notes to SEFA for chart/table.
During 2023, Habitat received one interest free loan from the City of Fort Worth through grants provided by the United States Department of the Treasury. The loan is forgivable upon Habitat selling townhomes to eligible buyers which are defined in the underlying loan agreement, but in no event should any such sales take place later than December 31, 2026. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2025, consists of: See the notes to SEFA for chart/table.