Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Federal Schedule”) includes the federal award activity of the YWCA of Brooklyn, Inc. under programs of the federal government for the year ended December 31, 2025. The information in the Federal Schedule is presented in accordance with 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 Schedules present only a selected portion of the operations of the YWCA of Brooklyn, Inc., they are not intended to and do not present the financial position, changes in net assets or cash flows of the the YWCA of Brooklyn, Inc.
The YWCA of Brooklyn, Inc.'s Federal Schedule includes loans from the New York City Department of Housing Preservation and Development which are classified as Non-Cash Awards (“Non-Cash Awards”). The Home Grant Loan compliance period began on March 24, 2017, and will expire on the 15th year (March 24, 2032). The loan balance outstanding as of the beginning of the year is included in the federal expenditures presented on the Schedule. The balance of the loan outstanding as of December 31, 2025 amounted to $2,650,000.