Notes to SEFA
The accompanying consolidated and combined schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Housing and Services, Inc. and Related Entities 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 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 Housing and Services, Inc. and Related Entities, it is not intended to and does not present the consolidated and combined financial position, changes in net assets, or cash flows of Housing and Services, Inc. and Related Entities.
Housing and Services, Inc. and Related Entities has received funding from the U.S. Department of Housing and Urban Development ("HUD") in the form of various loan programs. The loan balances outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. Housing and Services, Inc. and Related Entities received no additional loans during the year. The balance of the loans outstanding at December 31, 2025, consisted of the following: Federal Assistance Listing Number Program Name Outstanding Balance at December 31, 2025 14.241 Housing Opportunities for Persons with AIDS 1530710307 $1,000,000 14.241 Housing Opportunities for Persons with AIDS 5400019655 4,278,242 14.239 HOME Investment Partnerships Program 5401192338 8,770,543 14.239 HOME Investment Partnerships Program 5400019655 766,710 $14,815,495