Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards summarizes the expenditures of the Organization under programs of the federal government for the year ended December 31, 2025 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the provisions of Title 2 U.S: Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
CHRIS Properties Graham Circle, LLC did not provide any federal awards to subrecipients during the year ended December 31, 2025.
Federal expenditures for the HOME Investment Partnership Program include loans outstanding at December 31, 2025 for which the grantor imposes continuing compliance requirements. The loan balances at the beginning of the year is included in the federal expenditures presented in the schedule. CHRIS Properties Graham Circle, LLC had the following balances outstanding on the loans at December 31, 2025: Program Title Outstanding Assistance Listing Number Balance HOME Rental Housing Program 14.239 $ 3,154,890 Supportive Housing Program – 14.239 1,400,000 Homeless Opportunity Bond Funds $ 4,585,818