Notes to SEFA
The schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Allen House, Inc. 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). Because the Schedule presents only a selected portion of the operations of Allen House, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Allen House, Inc.
The Organization has received financing for the project consisting of a capital advance in the amount of $1,622,700 from the United States Department of Housing and Urban Development. The advance is subject to HUD compliance requirements and will be forgiven on September 30, 2055 if all requirements are met.