Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of 5199 Mission Street Senior Housing, Inc., HUD Project No. 121-EE151-NP-WAH, and is presented on the accrual basis of accounting. 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 5199 Mission Street Senior Housing, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of 5199 Mission Street Senior Housing, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principals contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
5199 Mission Street Senior Housing, Inc. has elected not to use the 15% de minimis indirect cost rate allowed under Uniform Guidance.
5199 Mission Street Senior Housing, Inc. has received a capital advance under the Section 202 Capital Advance program. The full amount received under the capital advance of $4,515,000 is included in the federal expenditures presented on the Schedule.
5199 Mission Street Senior Housing, Inc. has received a loan under the HOME Investment Partnership program and the Community Development Block Grant Program Loan program. The loan balances outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The loan balances as of December 31, 2025 are as follows: HOME Investments Partnership Program $ 100,000 Community Development Block Grant Program Loan $ 1,028,245