Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of Project Home, Inc. under programs of the federal and state governments 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) and State Single Audit Guidelines (SSAG). Because the Schedule presents only a selected portion of the operations of Project Home, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Project Home, Inc.
Project Home, Inc. did not have any subrecipients.
The loan programs listed subsequently are administered directly by Project Home, Inc., and balances and transactions relating to the programs are included in Project Home, Inc.'s basic consolidated financial statements. 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, consist of: AL #14.218 CDBG/Entitlement Grants Loans $ 4 21,750 AL #14.239 Home Investments Partnerships Program Loans 750,000 $ 1 ,171,750