Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Community Partners for Affordable Housing and Subsidiaries. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
There were no federal awards to subrecipients.
There were no noncash assistance during the year ended December 31, 2025.
There were no loans outstanding at December 31, 2025.
For the year ended December 31, 2025, the Organization had elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.