Notes to SEFA
The Schedule of Expenditures of Federal Awards is prepared using the accrual basis of accounting.
There were no sub-recipients of the Federal Awards received by Ysleta Senior Housing, Inc. for the year ended March 31, 2026.
Ysleta Senior Housing, Inc.does not currently have a negotiated indirect cost reimbursement rate approved by a Federal Cognizant Agency; therefore, the Organization has elected to use the de minimis rate of 15% of modified total direct costs as an indirect cost allocation factor, as allowed under 2 CFR §200.414.
The Organization entered into an agreement with the United States Department of Housing and Urban Development (“HUD”) in January of 1993 for the construction of an apartment complex for very low-income families and elderly persons. The construction of apartments was funded by HUD with a capital advance subject to continuing compliance requirements. The outstanding balance of the capital advance as of March 31, 2026 is as follows: Assistance listing number 14.157 & the amount outstanding is $1,966,800