Notes to SEFA
The Company received a mortgage insured under Section 223(f) of the National Housing Act that has a balance outstanding at December 31, 2025. The mortgage balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The Company received no additional loans during the year. The balance of the mortgage outstanding at December 31, 2025 is $16,815,392.
The Schedule includes the federal award activity of the Company, under programs of the Federal Government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Company, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Company.