Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mutual Housing Association of Hawaii, Inc. (MHAH) and Affiliates 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 of Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of MHAH and Affiliates, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of MHAH and Affiliates.
The federal expenditures for loans are the balances of advances and loans from the current and previous years for which compliance requirements continue. The amounts presented in the Schedule represent the outstanding balance at the beginning of the year, as required by the Uniform Guidance. At December 31, 2025, the outstanding loan balances totaled $10,618,080.
MHAH receives grants from the Neighborhood Reinvestment Corporation (NRC) dba NeighborWorks® America. NRC is a public, congressionally chartered nonprofit organization that receives direct federal appropriations. Grantees of NRC are subrecipients. Grantees and subrecipients of NRC funds are encouraged to use assistance listing number 21.000.